Sentences with phrase «medical exam policy if»

You should only consider a no - medical exam policy if you need a policy right away such as for a business loan, or if you have significant health issues, or if you have a total aversion to needles.

Not exact matches

No medical exam life insurance policies usually have no waiting period, but the company will investigate the circumstances of your death if it occurs during the first two years of coverage.

In general, if you're relatively healthy and wouldn't mind a simple medical exam, traditional life insurance is the better option because it will likely be less expensive than a simplified issue life insurance policy.

Or, if you prefer, convert your coverage to a Whole Life policy up to age 65 without a medical exam.

No medical exam life insurance policies are always much more expensive than fully underwritten coverage, so we don't recommend them if you have pre-existing medical conditions that would preclude you from passing a medical exam.

Even if you have health issues and would have difficulty passing a medical exam, a large number of insurers offer no medical exam term policies that provide higher maximum death benefits.

However, since there's no medical exam, premiums will be significantly higher than if you purchased a policy from an insurer with full underwriting.

No medical exam life insurance policies usually have no waiting period, but the company will investigate the circumstances of your death if it occurs during the first two years of coverage.

Some insurers let you take a new medical exam a few years after your policy goes into effect, though, so you can talk options with a broker if you've recently lost weight or plan to sometime in the near future.

Unfortunately, you're unlikely to qualify for most no medical exam life insurance policies if the above situations apply to you.

If you are older or have a serious health condition and want to help your loved ones pay for funeral or final expenses, a no medical exam life insurance policy may help give you peace of mind.

Premiums are level for the entire length of coverage and you can purchase a policy with no medical exam if the death benefit isn't greater than $ 400,000.

Just keep in mind that Sagicor's no medical exam policies are only available if you're below 66 and don't want more than $ 500,000 in coverage.

But, for example, if your premium for a 20 - year term policy is only $ 250 as opposed to $ 500 for the no medical exam option, you would save $ 5,000 over the course of the policy.

Given these factors, if you're fairly healthy and not concerned about your ability to pass a medical exam (they're simple and only take about 30 minutes), you can save a lot of money over time by getting a fully underwritten policy elsewhere.

During the application process there are no health questions and you don't have to take a medical exam, so these policies are a great alternative if you have quite severe pre-existing conditions.

In other words, if you have a term policy and you get sick or injured in a way that would prevent you from being insurable, you can convert to a permanent life insurance policy without taking a medical exam or answering health questions and keep the life insurance coverage the rest of your life.

However if your need is greater than this amount, submitting to a short medical exam prior to receiving a policy is the better option.

Sometimes «no medical» can mean no money: If you are having difficulty getting life insurance (e.g. due to particular insurance pre-conditions such as diabetes or heart attack history), you may choose a no medical life insurance policy (no medical exams are required).

If underwriting determines that a medical exam is necessary, the lab test results may cause your policy price to increase or your application to be declined.

In general, if you're relatively healthy and wouldn't mind a simple medical exam, traditional life insurance is the better option because it will likely be less expensive than a simplified issue life insurance policy.

If you are seeking a guarantee issue policy that requires no medical exam, then this will not be a factor taken into consideration.

And if you are looking for a policy that provides a death benefit, and not only has no medical exam requirement — but also doesn't ask any health questions at all — they have their Legacy Whole Life Insurance plan.

Even if you have any complicated health issues, several options are open to you e.g. you can get a life insurance policy without medical exam (low coverage and higher costs) or decide to go with rated standard term life insurance which comes with a bit higher price tag.

(Genius tip: Many life insurance companies will let you take a new medical exam after a year of having a policy and if you can demonstrate sustained weight loss, they may lower your premiums.)

In addition, if you have medical problems, MassMutual accepts a variety of conditions with their no medical exam and guaranteed acceptance policies.

If you're willing to jump through a few more hoops and take the medical exam, your best bet is a level term life insurance policy.

If you're concerned about passing a medical exam, it's possible to buy a policy that doesn't include one.

Insurers usually let you take the medical exam again 12 months after your policy goes into effect, so, if you're unhappy with your rates, try kicking a bad habit (ahem, smoking) or getting in better shape.

With Transamerica, there are no medical exams or health questions in order to get coverage, and you're guaranteed to get a policy if you are between 18 and 80.

This makes these policies a wonderful option for you if you are too busy to complete a medical exam or simply do not like needles.

The other possible situation that no - exam life insurance policies are a good option is if you absolutely CA N'T be approved for a traditional policy with a medical exam.

No medical exam policies are an excellent choice if you would prefer to avoid the exam for any reason.

So for example, if you decided you need a policy with a death benefit of $ 1 million, a no medical exam policy probably will not work for you.

If you qualify for accelerated underwriting or no medical exam, you'll see those policy choices.

No medical exam policies, such as simplified issue or accelerated underwriting life insurance, will allow you to skip the medical exam if you qualify.

(If you're young and healthy and looking for a term life insurance policy with no medical exam, there's a different product for you called simplified term life.

If you are older or have health problems, you may want to consider buying a term life insurance policy with no medical exam required.

In addition, policies that are «traditionally» underwritten, will typically require the applicant to take a medical exam, though if needed, we can find those carriers that will offer a policy for life insurance with no medical exam.

The biggest downside is if they want to renew and extend the plan for another time period, they will have to reapply, take a medical exam and pay a higher rate since they will be older than when they bought their previous policy.

Finding life insurance for elderly over 85 that is affordable and provides good coverage is not as difficult as you might think if you include the no medical exam policies.

If the policy is allowed to expire, you may be required to re-apply for life insurance coverage, and prove insurability by taking a medical exam.

Some clients will even get two policies from different carriers if they need more than 500k of life insurance because you can't beat the benefit of securing term life insurance online rapidly with no medical exam.

This is especially important if you need to get a policy into effect quickly and don't have time for a medical exam or to shop around for the best deal.

If your parents are in relatively good health then you might want to consider a small standard term or permanent policy which require a medical exam instead as they may be less expensive to buy.

Next, once you secure your no exam term life insurance, you can then apply for a medical exam policy, if you feel the need.

One of the biggest advantages to applying for no medical exam life insurance is the fact that these policies may allow someone who has an adverse health issue to obtain the coverage that they need — even if they have been turned down for traditional life insurance coverage in the past.

However if you are in your 50s or 60s the price difference between a medical and no medical exam policy may be more significant and you might want to consider a policy that does require a medical exam.

The type of policy you take today may not be what you want in the future, you don't want to risk losing value, or having to take medical exams if you decide you want a new kind of policy.

If the insurer learns about your marijuana use from a medical exam, your policy will be voided.