With so many financial products and services on the market today, it can become difficult to determine which ones are beneficial and which ones are not. This is especially true forWhich comes in different , and length.
Policies, which only provide coverage for a specific period of time, are generally cheaper to obtain. The policy, meanwhile, provides protection (and an attractive cash reserve) for the policyholder’s lifetime. But they are more expensive.
A type of life insurance that can appeal to both young and old. This type of insurance is exactly what its name suggests: no Need to secure a policy. But there is more to this insurance than just the name. In fact, there are multiple benefits to knowing.
If you’re in the market for life insurance, start by getting a free price quote so you know exactly what to expect.
3 Benefits of No Test Life Insurance
Although there are many benefits to this type of insurance, here are three of the most important.
No medical examination is required
The most obvious benefit of this type of insurance is arguably its most significant. Simply put: you don’t have to pass a medical exam to get approved for coverage. Since many providers actually require a medical exam and associated blood, urine, and blood pressure tests, this can be an attractive option for obtaining protection.
Perhaps you are young and healthy and want to expedite the approval process as much as possible. Then skipping the medical exam can help secure a plan much faster than if you had to see a medical provider first. Likewise, if you are an older adult and are worried about what a medical exam will reveal, you can choose this insurance type and not worry about a possible negative test result.
Either way, by going this route you can skip the exam and get one step closer to getting insurance. You can get a free price estimate now.
It covers a wide range of applicants
As mentioned above, whether you are young, old or somewhere in between, aThe policy will cover you. This is especially helpful for applicants who smoke or have a history of smoking It is also generally good for those who have pre-existing medical conditions that might otherwise limit their ability to get a policy. And if you have a high-risk occupation — which might disqualify you from other types of policy coverage — you’ll be covered by a no-examination policy.
That’s for sure
If the life insurance company doesn’t reject you for lack of a medical exam and is willing to cover you regardless of your pre-existing conditions or smoking history, coverage must be guaranteed, no matter which box you check on your application.
Applying for life insurance, especially for people who fall into one or more of the above categories, can be a stressful process. You don’t even know if you’ll qualify, let alone how much or for how long. And if you are not disqualified, you will have to start a fresh application with another service provider.
Fortunately, no-test life insurance eliminates all this stress and work because the coverage is guaranteed.
Everyone’s personal situation is different. Accordingly, what type of life insurance policy works for one person may not work for another and vice versa. But no-exam life insurance takes a lot of the pressure out of the equation by providing protection without any medical exam for a wide range of applicants. And sure it is!
So start with a free price quote to see what you might qualify for now.