No medical exam life insurance is not a new type of insurance policy. But it is fast growing in popularity because it gives people who have been refused this type of coverage in the past to get life insurance.
Many insurers companies have recognised that there is a large market for people who have been refused life insurance in the past. There are a growing number of people who cannot meet the strict criteria that is set by a lot of life-insurance companies; the reason is because there are medical examinations that need to be passed. If someone has suffered from a serious condition in the past and needed hospital treatment or have a family history of a particular disease they may find themselves excluded from normal life insurance coverage.
This does not necessarily mean that they do not have the funds to pay for adequate coverage but it generally means that they no longer can qualify for normal life insurance. No medical exam life insurance is a policy that focuses on giving the customer a decent level of pay out and protection but without all of the hassles of going through lengthy medical examinations.
There is however in-depth questionnaires that need to be answered and medical records will be checked so that an appropriate level of coverage can be given. In most cases an applicant will not be refused but will be given a policy that is tailored to their specific circumstances.
In most cases the premiums will be a lot higher than a conventional policy and the insured would have to make a set amount of payments first before anything can be claimed. The policy is also suited to those who are in their senior years as they will be able to gets the coverage that they need to cover any funeral costs and debts that they may leave behind.
Today life insurance is seen as a necessary evil as the average person has significant debts. Planning for the unexpected is important and no medical exam life insurance can offer an opportunity for those who have been refused in the past to be able to plan financially.
Women and Metabolism
I speak about metabolism and women. Then I give some helpful tips for women to boost their metabolism.
Choosing Optimism for Your Health
It has been said that a positive outlook on life allows for a better future than a pessimistic outlook on life, can one's outlook influence their health as well? Most certainly, there is an argument for both sides, and here we examine the research supporting each school.
Understanding No Medical Exam Insurance and what it Does
No medical exam life-insurance policies are something that have only recently come to light in the media. As more companies are starting to offer it there has been an increase in the amount of policies being taken up. There are however a lot of people who have never even heard of this type of coverage or are unsure about what it does.
