By Imma Sila
Buying insurance is an important decision that everybody needs to make. A good policy helps to cater for the family's living standard, debt payment and funeral expenses- among other needs. Medical exams are often required for purposes of assessing the risk. Many insurance carriers insist on knowing the general fitness and health condition of their customers before recommending a product. The information derived from the examination is used to determine the premiums payable. Therefore, if you are tested and discovered to have a medical condition you will be required to pay higher premiums. However, a no-medical exam life insurance is recommended in the following circumstances:
· Pre-existing medical conditions
If you have a pre-existing medical condition and are unwilling to pay higher premiums, you may consider shopping for these kinds of policies. Several leading insurance companies specialize in providing the right products to people diagnosed with health problems. The competition among service providers has made it possible for more affordable products to be introduced in the market. Therefore, you stand to benefit from affordable premiums.
· Lack the time
Some insurance shoppers lack the time to schedule for a medical exam with their doctors. Many of these people lead a very busy life with a career to keep and a family to look after. Therefore, finding time for a medical test is out of the question. Under such circumstance, it is perfectly to consider the no-medical exam life insurance policy.
· Urgently need coverage
Situations arise when you need a policy as quickly as possible. To benefit from some of the services you may be required to have an insurance cover. As a result, you may not be in a position to wait for many days before your application is approved. Therefore, the no-medical exam life insurance policy makes a lot of senses. With this type of policy you can make your application, submit it online and expect a response within a span of 24 hours. Some of the companies may ask you to give honest answers pertaining to your health without having to undergo a medical check. A few of the companies may avoid asking any questions about your health.
· Work in a high risky job
If you have a job working as miner, explosive expert, security agent, pilot and more you may consider the no-medical exam life insurance policy. These types of jobs are considered risky and you could die abruptly. When you change your job and get a much safer job, you can consider renewing your cover for the traditional policy.
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