Can you really get Life Insurance with No Exam required?

If you have health issues and they would have to be mild health issues.  It’s possible you could be a great candidate for a Life Insurance Policy that does not require and exam. No Exam Life Insurance policies do cost more than a plan if you complete the full medical but that is to be expected. 

Check out this great article and decide for yourself if appropriate…

Insurance Quotes and News » Blog Archive » Life Insurance with No Exam

Term Life Insurance with No Exam are types of policies that do not require you to have an exam to get formal offer from the carrier.The process is you will fill out an application and answer fairly typical health questions.

The benefits of purchasing this type of policy are almost immediate underwriting and issue of the policy and obviously no underwriting.The bad part is or course that you in most cases will pay quite a bit more in premiums for the coverage.

Advantages:

• Policy could be issued in under half an hour
• No Para Medical Exam is needed for completion
• Great if you have slight health impairments (like arthritis)
• If you have MIB hits that other insurance companies have submitted you’ll know quickly

Disadvantages:

• Premiums will be higher than fully underwritten policy
• Face Amounts are limited, some carriers will go as high as $300,000
• You don’t get a free exam paid by the life insurance carrier

Technorati Tags: no exam life insurance, term life no exam, life quote

Another Great Substandard Term Life Insurance Article-Get better rates

Here is another really informative article on the topic of Substandard Life Insurance and how to get better rates issued when applying for a new policy.  I hope you find it helpful…

Substandard Term Life Insurance Policies – lifeinsuranceguru101 – Zimbio

Impaired Risk and Substandard Life Insurance is an industry term that indicates the insured has health, lifestyle or recreation issues that preclude them from obtaining the best rate classes. 

When the underwriters come back with a substandard offer, they are saying currently your health does not qualify for standard rates or better due to health issues.

This is why it is so important to work with a broker that is specializes in these types of cases. Finding a good broker that works with a good brokerage agency can help you tremendously in finding an affordable life plan.

Diabetes Life Insurance is a very common type of substandard life case. Control and compliance of the diabetes is what the underwriters are looking for with this type of impaired risk issue.

Smoker term life insurance plans without other health issues are quite affordable though. Important do not forget to tell your broker to do a substandard life insurance quick quote with the life underwriter that they work with. How this works is you simply give detailed information to your broker about your condition or avocation.

Technorati Tags: substandard life insurance, diabetes life insurance, smoker life insurance

The role of Life Insurance in Tough Economc Times

It’s an interesting thing that happens when the economic market goes down, sales of fixed and permanent life insurance seem to rise. Now I have no statistical proof of this, it’s just based off what I have personally experienced. This is a great article from an advisor that seems to be doing a great job educating his clients.

clipped from carolinanewswire.com Raleigh Financial Adviser W. Landon Watts Believes Life Insurance is Crucial As job losses continue to mount—more than 72,000 in North Carolina between November 2007 and November 2008 according to the U.S. Bureau of Labor Statistics—people are facing increased debt and decreased value in assets such as homes, retirement plans and investment plans. This could lead to a large financial burden should the main income earner pass away. “The short-term savings that a family may gain by canceling a life insurance policy are nothing compared to the financial loss a family would incur if there was a premature death,” says Watts. “Also, the costs to purchase a new policy may increase significantly.” “Life insurance is often overlooked as the core of a solid financial plan,” says Watts. “Having a good policy in place will ensure that your family is protected financially, and it will provide them proper time to grieve and heal.”