No exam life insurance online. A very large amount of life insurance is bought on the internet every day. Most of these people never have face to face contact with an agent. When I speak with my prospects and clients on the phone I find that they want the coverage but they would rather not go through the hassle of a medical exam. It is not that they are in poor health it is simply that they want to go the quick and easy way, no medical exam life insurance. Buying term life insurance without the requirement of a medical exam is the easy way to go.
What is No Exam Life Insurance?
No medical exam life insurance is simply the normal level term life policy you would buy offline but you do not need to have a medical exam done. This is level death benefit term life insurance. You may be puzzled and want to know how this can be done.
Here is how! The medical questions that that the examiner would ask are still asked but by the agent, you will get approved based on your truthful answers. You may also ask how does the life insurance company know your answers are honest and truthful. The answer is simply that they confirm your answers.
The Medical Information Bureau has the answers and the life insurance companies can check out your answers in seconds. In addition they check the Pharmacy Report which informs them on the type of prescriptions you have filled. The medication gives them an accurate indication of what ails you.
Types Of No Exam Life Insurance
The more popular term life insurance policies are sold on a non medical basis online. They are 10 year level term, 15 year level term, 20 year level term and 30 year level term life insurance. The death benefits never decrease and the premiums never increase.
Some companies have also recently began to offer universal life insurance on a no medical basis as well as whole life insurance. The maximum amounts of coverage vary from company to company. The amount of term insurance is offered up to $300,000 by some carriers and $400,000 by others. The whole life and universal life top end limit available without a medical online is usually $250,000.
Here is a site where you can get your no exam life insurance.