No Exam Life Insurance

Taking up a exam for Life Insurance in nevertheless an easy job anymore. When you apply for a life insurance policy, you’re traditionally required to undergo a medical exam – but not always. It depends on what type of policy you want to buy and how much you’re willing to pay. There are three different types of policies -- underwritten, simplified or guaranteed. Underwritten policies require you to undergo a medical exam arranged by your insurance company and answer questions on your personal and family medical history. Simplified issue policies require you to answer some medical questions but you are not required to undergo a medical exam. Guaranteed issue policies do not require you to answer questions or take a medical exam.

Which one is best for you? If you are healthy, or suffer from a few minor medical problems, you are likely to get the best life insurance quotes from an underwritten policy. Simplified issue and guaranteed issue life insurance policies are generally pricier because they assume you may be hiding a risk. If you are buying term life or whole life insurance, you are likely be asked to undergo a medical exam. These are typically performed by licensed para-medicals who are often independent contractors hired by the insurance company. They will schedule a visit to your home for the exam and bring all the necessary supplies. The life insurance company foots the bill for the exam and have implemented No Exam Life Insurance