No Medical Exam Life Insurance: 3 Reasons To Have It!

No medical exam life insurance is an accessible type of coverage most seniors can buy. People, who want to buy life insurance for seniors, should compare some quotes for plans that do not ask for medical examinations. These policies have a simplified underwriting process and offer fast and convenient life coverage.

elderly-parentsHere are 3 reasons to have a no medical exam life insurance plan:

1.       It is accessible

Most people turn away from life insurance hen they have to go through the complicated underwriting process. A typical life insurance plan will ask you to take several medical examinations. Visiting doctors and taking physicals can be tiring and makes getting life coverage harder. This complicated application process can be frustrating for most people. No exam life insurance plans however can help applicant skip medical examinations and instead, complete a simple application form.

2.       You can get coverage in less than 24 hours

If you do not want to wait between three and six weeks for a life insurance policy, no medical exam plans are the way to go. Since the underwriting process is simplified, a life insurance policy can be issued in less than 24 hours. Life insurance plans without medical examinations offer the fastest coverage available and they are perfect for people who need insurance fast.

3.       You can qualify even if you have pre-existing medical conditions

No exam life insurance plans can offer good life coverage for people who have pre-existing medical conditions such as heart diseases, pneumonia, ulcerous, diabetes etc. They can also be good life insurance for seniors as it is easier for them to qualify for a plan. People who have pre-existing medical conditions are in need of urgent coverage and no exam life insurance provide the speed and accessibility they need.

There are some exceptions: people who suffer of AIDS, cancer or have been declared terminally ill cannot qualify for life insurance.

No exam life insurance plans can help people find life coverage fast and easy, without having to take medical examinations. In order to find affordable life insurance plans, it is recommended to search and compare quotes from different agencies. Click here for more information!