No Medical Life Insurance -

An Option For You

Life insurance can protect you and your family and you can get the right policy through Insurance Centre Online because we will connect you with agents on our network who give out free insurance quotes.

No medical exam life insurance may be the one for you if you have a busy schedule.

Here are some pros of no medical life insurance:

1) Faster - Your application will be processed faster when compared to medically underwritten life insurance.

2) Simpler - No medical exam is needed; you just have to fill out a health status questionnaire which asks about your medical condition and history.

3) Less Invasive - Since medical exam is not required, you may have higher chances of getting some coverage if you have a medical condition not asked in the questionnaire.

However, there are some cons too:

1) Less Coverage - It offers less coverage because people who choose this insurance apply for smaller amounts of insurance.

2) Contestable Period - It has contestable period because most questionnaires are complete and holding back information will cause your policy to be cancelled.

3) More Restrictive - It is more restrictive as in it generally does not insure people aged above 50, in certain occupations and participate in high-risk hobbies.

Though you may be able to get insured with lower premiums by getting no medical life insurance, you still have to answer questions on your medical issues and there is a period when your insurance company can modify or cancel your policy if there is no full disclosure of health issues on the application. However, with the advancement of technology in health, people with poor health can be insured with standard rates too.

If you are busy but still want some coverage, this insurance is definitely for you since it can be processed faster than medically underwritten life insurance. You just need to fill out a questionnaire without seeing a doctor.

If you do not have life insurance yet, consider getting no medical life insurance as you do not need to see a doctor plus the policy can be upgraded to a different one when it has expired.

Life insurance is an important part of financial planning, so get free insurance quotes online today!

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