Infinite Wizdom

For those who feel like it’s too much trouble to have to visit a doctor and answer a bunch of medical questions when you simply want a life insurance policy, there is hope. There are so many people out there who simply hate going to the doctor or don’t want to waste their time with such things but want and need the benefits of life insurance. More and more insurance companies have recognized this issue and have responded. There are now many insurers that offer life insurance with no medical exam required, or even any medical questions. For those interested in avoiding the hassles typically associated with purchasing life insurance you can do so, but the policy you get will have limitations.

What Makes No Medical Questions and No Exam Insurance Different

One of the most significant differences between the no medical questions and no exam life insurance policy, often referred to as guarantee issue policy or simplified life insurance, is the fact that it is much more limited in how much you can buy. If you were to opt for a more traditional life insurance policy with the questions and exam prior to coverage, you would find that available limits are much higher and you can get much broader benefits for a lower premium. The difference is caused by the fact that the insurer simply does not know how much of a risk you really are when you opt for this type of coverage.

Making Decisions About Your Insurance Needs

If you are looking for a good policy that is not too big, a great option to consider is a term policy. The downside to this type of policy is that eligibility is not automatic for everyone. If you truly want a policy that has low benefits you may find that an insurer requires you to take an exam and answer medical questions. In such cases, opt for a short-term policy and ask your insurer to transfer you to the kind you want when the first one is over.

The options that you will have to choose from in life insurance with no medical questions and no exam include terms of 5, 10 or 20 years in length. Maximum limits of coverage are between $100,000 and $250,000, depending on the insurer you are dealing with. You can also get limits that run as low as $25,000 to $50,000. If you are having difficulty making decisions regarding the right choice for your insurance needs, seek out an experienced agent who can help you.

In order to look for the best deal possible for your life insurance policy, be sure to get a variety of quotes and compare them before making a decision. Our online life insurance quote tool will quickly and easily do all the work for you, even presenting information in an easy-to-use format. Get our quote tool working for you now and before you know it you’ll have a no medical questions, no exam life insurance policy to meet your needs.