Pages

Labels

Powered by Blogger.

Sunday, 22 December 2013

Factors to Consider When Buying No-Medical Exam Life Insurance

Many people are resisting medical checkups for various reasons. Some of the people fear getting pocked with needles while others do not have the time to undergo a medical exam. Other people, due to personal and religious reasons, avoid medical tests. Fortunately, many insurance companies are coming up to provide products that cater for this group of people. Furthermore, if you have a pre-existing medical condition, you can consider the no-medical exam life insurance. This type of policy is processed fast and requires very little paperwork. Some of the providers are providing the product online and thus no paperwork is required. The following are some of the factors to consider when buying the no-medical exam life insurance policy:
· Contact a professional company
If you are looking for quality products, it is important to get in touch with an A-rated company. With this type of company, you are assured of investing your hard-earned money in a company that guarantees a good return - a company that will be able to honor the claims in good time. Therefore, you do not want to put your money in a company whose future is uncertain.
· Process of application
The no-medical exam life insurance policy is easy to apply. The applicant is often required to respond to several basic questions including their age, gender, weight, height and state of residence. Some companies may also require the applicant to respond to basic questions pertaining to their health. Once the application is made and submitted, the company will be in a position to review the application to determine whether the applicant is eligible. Therefore, with this type of policy you can expect to receive a response within a span of 24 hours.
· Guaranteed acceptance
Many of the companies that offer this insurance cover offer a guaranteed acceptance. Therefore, you are assured of receiving coverage once you submit your application. Therefore, if you are looking for coverage you should be looking for a carrier that guarantees to provide insurance. This is particularly important for a person with a pre-existing medical condition. Some companies limit their acceptance to the young and healthy. Therefore, if you have a serious health problem like cancer, heart disease, AIDS, psychological disorders, nervous disorders or diabetes you may not be qualified for the policy.
· Premiums payable
Many of the insurance carrier demand higher premiums for the policies. The high cost is attributed to the high risk of not knowing the health of the applicant. To benefit from reasonable rates it is advisable to shop around. Make sure to get several quotes from multiple insurance companies. This will give you the opportunity to compare the coverage and price.
We provide the best info about no-medical exam life insurance. For further details on this topic, visit us!
Article Source: http://EzineArticles.com/?expert=Imma_Sila

No comments:

Post a Comment

 

About

Flag Counter

Subscribe Now: Feed Icon