Nowadays, it is possible to get Term Life Insurance with No Exam. There are benefits you get when you get this cover. The first reason is that you may not be healthy. Moreover, you may not have the funds to undertake medical tests. Therefore, it is necessary to get a good policy, which does not require medical exams. In fact, you can even get an insurance policy online. You will get several options to choose from online. These are benefits of life insurance without medical exam policies:
Easy to Qualify
Some companies charge quite higher fees for policies that do not require medical examination than what is charged for regular
insurance. Fortunately, the chances of qualifying for this type of cover is very high. If your health is poor, then this is the best option for you. However, a particular level of health is required. This is determined by self-report questions that you answer when applying for the insurance cover. You are required to be honest when making an application. This is to ensure your claims are not withheld because of dishonest answers. Cheating on your answers can be considered as insurance fraud.
A lot of policies offer death benefits. This is the sum of money that is paid to your designated beneficiaries. When you apply for an insurance policy, you are required to state the persons who shall receive the benefits. The money will be required by your beneficiaries for your funeral expenses. The money can also be used to settle inheritance and estate taxes. If you family depends on you as their bread winner, the benefits will help them in difficult times.
You will get an adequate amount of cover. This is the main reason for seeking life insurance. In fact, it can settle four funeral expenses. If you want to pay off your mortgage, then it is advisable to go for a larger cover.
Life insurance is a product that secures your future. Most importantly, getting life insurance no medical exam policy relieves you of headaches of undergoing medical tests. Therefore, any person even a drunkard, smoker, HIV patient, or even a cancer patient can get a cover. This will help him or her to secure the future of his or her family. There are many types of insurance covers offered by various companies. Some of the covers include simplified issue, guaranteed, and graded benefit. Do adequate research to find the type of cover you need.