Impact of the No Medical Exam Life Insurance
It is important to seek security and make sure of protection for your loved ones by finding dependable quality insurance.
In the past, it was not uncommon for insurance companies to request for a medical exam before issuing an insurance cover.
The exam was performed by your doctor or a doctor chosen by the carrier.
Today, many of the leading companies are providing no medical exam life insurance.
Such products are tailored for people who may not be in a position to undergo a medical exam.
The impact of the policy includes: · Buy insurance online Most of the people live a busy life.
Therefore, anything that can be shopped online seems to be making life easier.
The no-medical exam cover makes it possible for people who prefer to shop online to find the right products.
· Quick application process The no exam policy allows shoppers to make their applications quickly and easily.
They do not have to wait to get a doctor's appointment and for the results to come.
The application can be completed by telephone or over the internet within minutes.
On the other hand, the traditional policy could take up to 6 weeks to get implemented.
This time difference is very important particularly when you need insurance to successfully get a mortgage or a large loan.
· Affordable The traditional policy is usually much cheaper because the insurance carrier gets the opportunity to determine the risk they are undertaking before recommending a policy.
Therefore, when a company accepts an application without a medical exam, they often use the law of averages.
However, there are many service providers who seek to serve the needs of insurance shoppers who are unwilling to undergo an exam.
This competition has resulted in more affordable products.
· All inclusive In the past, insurance companies accepted applications from young people without requesting for an exam.
However, it was very difficult for older applicants to receive the same privileges.
Furthermore, it was noticeably harder for male over the age of 35 to receive insurance without an exam.
The policy is an all inclusive product that caters for the needs of all people regardless of their age, gender and health status.
· Different options to choose There are different policies offered to applicants as no-medical insurance.
These includes: the Guaranteed Acceptance Policy, Simplified Issue Policy and Graded Benefit Policy.
The Guaranteed Acceptance Policy is obtained without any exam or medical questions being asked while the Simplified Issue Policy requires the applicant to respond to several health questions on the online form or verbally without a medical exam.
The Graded Benefit Policy does not need an exam.
Furthermore, health questions are not asked.
In the past, it was not uncommon for insurance companies to request for a medical exam before issuing an insurance cover.
The exam was performed by your doctor or a doctor chosen by the carrier.
Today, many of the leading companies are providing no medical exam life insurance.
Such products are tailored for people who may not be in a position to undergo a medical exam.
The impact of the policy includes: · Buy insurance online Most of the people live a busy life.
Therefore, anything that can be shopped online seems to be making life easier.
The no-medical exam cover makes it possible for people who prefer to shop online to find the right products.
· Quick application process The no exam policy allows shoppers to make their applications quickly and easily.
They do not have to wait to get a doctor's appointment and for the results to come.
The application can be completed by telephone or over the internet within minutes.
On the other hand, the traditional policy could take up to 6 weeks to get implemented.
This time difference is very important particularly when you need insurance to successfully get a mortgage or a large loan.
· Affordable The traditional policy is usually much cheaper because the insurance carrier gets the opportunity to determine the risk they are undertaking before recommending a policy.
Therefore, when a company accepts an application without a medical exam, they often use the law of averages.
However, there are many service providers who seek to serve the needs of insurance shoppers who are unwilling to undergo an exam.
This competition has resulted in more affordable products.
· All inclusive In the past, insurance companies accepted applications from young people without requesting for an exam.
However, it was very difficult for older applicants to receive the same privileges.
Furthermore, it was noticeably harder for male over the age of 35 to receive insurance without an exam.
The policy is an all inclusive product that caters for the needs of all people regardless of their age, gender and health status.
· Different options to choose There are different policies offered to applicants as no-medical insurance.
These includes: the Guaranteed Acceptance Policy, Simplified Issue Policy and Graded Benefit Policy.
The Guaranteed Acceptance Policy is obtained without any exam or medical questions being asked while the Simplified Issue Policy requires the applicant to respond to several health questions on the online form or verbally without a medical exam.
The Graded Benefit Policy does not need an exam.
Furthermore, health questions are not asked.
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