How to Qualify for No Medical Exam Life Insurance

In order to be eligible for life insurance, you must be pretty healthy and you must not be over a certain age. Not all individuals meet the requirements of traditional policies and they usually end up with a polite turndown of their application. However, you are able to qualify for no medical exam life insurance easier and faster.

happy family searching online for life insuranceYou will not have to undergo medical tests and the application approval process will take just one day.  No medical exam insurance is a new product on the market and it is not yet fully comprehended.

There are a few reasons why a person would apply for no medical exam life insurance. That person is very busy and cannot waste time for medical exams. This is common in businessmen and company directors. They cannot leave their jobs very often, in order to undergo several medical exams. Plus, the stress of waiting the result might affect their performance.

Also, there are some religious groups that forbid their members to undergo blood tests (which are demanded by insurers). But most often, people apply for no exam life insurance because they are too sick or too old.

You can be a senior and still qualify for no exam policies.  You will get coverage, but the premiums will be high, correlated with your age.  If you do not have any medical problems, you will be given better rates.  Still, the maximum amount of coverage is around the sum of $300.000-$400.000.

If you are sick, things can get more complicated. Although medical tests are not required, you will still be questioned about your health status.  As long as you do not have cancer, HIV/AIDS or a terminal disease, you will be given coverage.  No exam life insurance companies do not require medical tests, some of them not even medical files. All you have to do is to complete a short form and answer to some medical questions.

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