What do I need to know before I purchase a no exam life insurance?
Francis
Baton Rouge, LA
Good Question,
Why do people choose no exam term life insurance? What is the deal with medical test and blood sample? Some say that when someone is searching for a no exam term life insurance, they are hiding something from the life insurance provider.
If you are serious about getting a no exam term life insurance, make sure you consider the following before purchasing one:
Make sure you read the exclusions in the no exam term life insurance policy before signing. Life insurance provider’s guidelines and exclusions differ so as the life insurance policies. Most of these term life insurance policies have strict exclusions.
Another thing that you need to consider are the plans that you need to purchase that may be in $3000-$5000 increments.
But, really, do not be afraid of going through medical exam. I know some people who have been denied by other life insurance providers and got approved by a different life insurance provider. Like I said, life insurance companies vary on their underwritings so you will never know. You may consider getting regular term life insurance policy.