Take Up Your Medical Test To Get Cheap Life Insurance Quotes
People have the impression that all term life insurance policy rates are low, that is not true for example the Life insurance no exam policy are very costly. You must choose these policies when you are really in hurry and when you desperately need a policy immediately. Because like all the other term life insurance policy they are valid only for the term period and if you do not die within the term period then there is no benefits, also they do not provide any cash value.
The only advantage that is provided in life insurance no exam is you need spend time for the medical test. But apart from this there is no other benefit and is very similar to term life insurance policy. But actually speaking these test they do is not so complicated and they are done at you own convenience, at a time and place of your choice. These are some very basic test like measuring your height, weight, blood pressure, pulse rate and collection of blood and urine sample for later examination, along with this they would ask few heath relates questions to check your health condition.
Life insurance no exam is a instant policy and you need not waste time for the normal underwriting policy. Under the normal circumstance the actuaries use the data from the medical test and review the information to determine the probable lifespan of the person based which the rates are decided, this is a time consuming process. But in life insurance policy there is no underwriting process or it is very simple but on the other hand you pay thrice the amount of rate you would pay for a normal term insurance policy.
Life insurance no exam is only for people who are looking for instant coverage or for a short period so that the extra amount will not really matter. If you are some one who is looking for cheap term life insurance quotes then do hesitate to take the medical test, spend fee hours for these medical test and you are guaranteed to get a cheap insurance. The life insurance no exam plan does not cover death due to any cause barring death by suicide for the first two years. After that two year time the plan will cover all death without any exclusion.
Life insurance no exam is a instant plan as discussed earlier but still there is no guarantee that you will get one. You need to answer fee questions related to your health condition and based on that you will be provided a policy. In fact they go through several question like:
• The first thing is that you need to fill a form which has a long list of ailments. You need to confirm to the carrier if in the last five years you had any ailments listed in the form, whether you have consulted a physician about those disease in the past, if you have been treated for those ailment.
• The insurance will also check to see if you have been admitted in a hospital in the last five years for any ailments like chest pain, high blood pressure, and maniac depression or other nervous and mental disorder, liver disease etc. The will also check the information provided in the Medical Insurance Bank to confirm that you have given the right information or not.
• They will want to know if in the past two years, your driving license has been revoked or suspended for any reason or if you have been convicted of reckless driving, driving without license or under the influence of alcohol or drugs. They will scrutinize your driving record and check it with Motor Vehicle Report.
• These question are asked to make sure that you do not indulge in any risky activities and your occupation does not pose any great danger to your Health condition.
The questions do not end here. They may want to know if you have been diagnosed or received treatment for AIDS or for HIV Positive in the ELISA-WESTERN BLOT series or if you have noticed some weight loss recently and many more.
Therefore, you understand while life insurance no exam is convenient, coverage is never guaranteed. Even when they provide coverage, the carriers do take certain risk and so you cannot expect to receive cheap term life insurance quotes if you apply under life insurance no exam. If you indeed want that, be ready to have your height, weight, BP and pulse rate measured, urine and blood samples tested and to answer hordes of questions regarding your and parent’s (and siblings’) medical history.
To get a cheap life insurance you must be young and healthy. Because if you do not posses a good health condition even term life insurance with medical exam can also be costly. There are other factors that can also increase the insurance rates like the usage of tobacco. There for be careful on how you live and the habits that you posses.
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