The Basics Of No Exam Life Insurance!

No exam life insurance is a simple insurance plan which offers fast coverage for people who do not want to take different medical examinations. Life insurance no medical exam is advantageous for people qualifie111aaad with a pre-existing condition. Because of the simplified underwriting process, it is easier for seniors and people with a poor health state to qualify for a plan.

How does no exam life insurance works?

In exchange for monthly premiums, no exam life insurance guarantees a benefit which will be paid to your beneficiaries after your lose your life. You are free to choose the policy’s value and the coverage amount.

There are two types of no medical exam life insurance policies: simplified issue and guaranteed acceptance. Unlike other plans, these policies do not require a medical examination to qualify for coverage. Instead, you will have to complete a questionnaire. Most questions will be about your medical state and some people may still not be able to get coverage!

About simplified issue

Simplified issue is a type of life insurance no medical exam policy that provides temporary coverage. In order to qualify for a plan, you will have to answer some questions about your health. You have to answer “no” to a long list of issues in order to be eligible for a plan.

The policy’s value is usually limited to $250,000. This can be a small value for some families, and it also comes at expensive premiums. However, simplified issue is still one of the cheapest life insurance policies that do not require medical examination and it can be very advantageous for people with pre-existing conditions and seniors!

About guaranteed acceptance

Guaranteed acceptance, also known as final expense, it is a small face value life insurance policy which is best used to cover funeral costs. The coverage is permanent and it caps at around $50,000, but it is a graded benefit which means that if you die in the next two years, your beneficiaries will not receive the full death benefit. Qualifying for this policy shouldn’t be a problem as long as you are not older than 90 years and as long as you are not terminally ill. This policy should be bought by seniors who want to take care of their burial costs.

If you want to purchase life insurance simple and fast, choose a policy that does not require a medical examination! Click here for more information!