Sentences with phrase «new medical exam»

There's a lot new no medical exam life insurance companies coming to market.

Is that relatively recently, many new no medical exam life insurance options have sprung up allowing health 21 year old's to be able to qualify for significant coverage right away!

This man was initially offered Standard insurance rates, but after new medical exams showed him to be in perfect health, he applied again and received Preferred rates.

Is that relatively recently, many new no medical exam life insurance options have sprung up allowing health 22 year old's to be able to qualify for significant coverage right away without having to take a medical exam!

A convertible policy is simply a term life insurance policy that can be converted into a permanent life insurance policy without the hassle of a new medical exam or underwriting process.

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.

A convertible policy is simply a term life insurance policy that can be converted into a permanent life insurance policy without the hassle of a new medical exam or underwriting process.

In order to qualify for those «cheaper» premiums, the following should be noted: — you would need to qualify and pass a new medical exam every 10 years for the 10 year term premiums shown.

(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.)

A type of term insurance that allows you to exchange the term insurance policy for a permanent life insurance policy (whole or universal) without having to take a new medical exam.

Another tip when purchasing life insurance is to ask if the policy can be converted without a new medical exam.

This would let you avoid a new medical exam, but the price jump will be HUGE!

The risk with term life insurance is that if you want to buy life insurance again after the selected term, you may have issues if you need to take a new medical exam.

If you still need coverage after your term life policy expires, your carrier may offer the option to convert it to a permanent life insurance policy — without taking a new medical exam or answering health questions again.

In many cases, we don't need a new medical exam to achieve these Review and Reduce savings either.

But, an increase in the death benefit could result in additional underwriting and / or a new medical exam, depending on you policy's language.

Generally, you can lower the death benefit at any time after the policy has been in force for a few years (each policy is different, so please check the policy language), but if you want to raise the amount of coverage, most insurers will have you go through the underwriting process again, which may include a new medical exam.

The good news is that you won't have to take a new medical exam; life insurance medical exams are good for 6 months.

This isn't a cheap solution, but it's a good way to transition over to a new life insurance policy without having to undergo a new medical exam, which is a good thing if you're older or you've developed health issues.

This handy rider gives you the power to increase the size of the death benefit on your current policy without having to undergo a new medical exam, which is great if you're over 35 or have developed new health issues since you last bought life insurance.

(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.)

Worse comes to worst, you pay a high premium now and as more time passes (between now and your last drug use), you can request a new medical exam — usually on the one year anniversary of your policy — and try to get a lower rate.

Your life insurance company could agree to let you take a new medical exam (they'll usually do so a year or two after a policy is in force).

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.

Some life insurance companies will let you take a new medical exam one or two years after the policy goes into effect.

This route would require you to fill out new applications, complete a new medical exam, and have your medical records pulled again.

Even if you apply for reinstatement within a couple months, you may still be asked to complete a new medical exam if the answers on your health statement suggest you've experienced some health changes.

You don't have to take advantage of it, but during a certain window of time, you have the option to convert to a permanent policy without a new medical exam or health questionnaire.

A convertible policy is simply a term life insurance policy that can be converted into a permanent life insurance policy without the hassle of a new medical exam or underwriting process.

To apply for reinstatement of your policy, you would need to complete a reinstatement application, a new health statement, go through a new medical exam, and pay whatever premiums that are due since the end of your policy's grace period.

New Medical Exam: Most companies won't require this if you apply for reinstatement within a certain amount of time, typically within six months of the end of the grace period, but this varies by insurance company.

Keep in mind when buying a new policy you will have to re-apply which means a new medical exam, unless you opt for a no - exam policy which have limitations and are more expensive.

In the case of a life insurance policy, beware that if you allow your policy to be cancelled you may have to take a new medical exam and risk getting refused coverage or have to pay higher premiums if your health has changed since the first time you got the original policy.

Having a term conversion option is advantageous because you can convert the term policy without a new medical exam and your rate is determined based on the health rating you got when you purchased the term life policy.

Each life insurance company has different rules regarding when you are eligible to convert, but having a term conversion option is advantageous because you can convert the term policy without a new medical exam and your rate is determined based on the health rating you got when you purchased the term life policy.

Instead of undergoing a new medical exam and filling out a new health questionnaire, the insured simply completes a short application for conversion with the insurance carrier.

And if you are accepted but are being charged a high rate, you can ask for a new medical exam (and a lower premium) once your condition is under control.

Conversion does not require a new medical exam and can't be affected by any change in your health as long as you exercise this option before attaining a certain age or year in the policy as determined by carrier.

If you do decide to switch it to permanent, the process is fairly simple and you will be able to keep your original health rating without having to get a new medical exam.

Each life insurance company has different rules regarding when you are eligible to convert your policy to permanent coverage, but having a term conversion option is a major advantage because you can convert the term insurance policy without a new medical exam and your rate is determined based on the health rating you got when you purchased the term life policy, not your current health.

In order to qualify for those «cheaper» premiums, the following should be noted: — you would need to qualify and pass a new medical exam every 10 years for the 10 year term premiums shown.

Most policies however have an option up to age 65 to exchange or convert your term policy to a permanent policy without taking a new medical exam.

You can usually convert a term life insurance policy to a permanent life insurance policy without getting a new medical exam.

A type of term insurance that allows you to exchange the term insurance policy for a permanent life insurance policy (whole or universal) without having to take a new medical exam.

Similar to guaranteed renewability, the important thing here is that you can extend coverage (in this case, for the rest of your life) without having to take a new medical exam.

You won't be turned down for a «preexisting condition» or need a new medical exam.

So, going back to the example of James and Helen, if James later determines he would want $ 50,000 - $ 100,000 of coverage for final expenses once the mortgage is paid, he will be able to convert his term life policy to a permanent policy that never expires, without having to pass a new medical exam.

Most term life insurance policies offer a conversion option which allows you to convert all or a portion of your term policy to permanent coverage without having to complete a new medical exam or pulling your medical records.

Increases to the death benefit require underwriter approval, which means the insured may need a new medical exam.

In addition, you have the option of converting your term policy into a permanent policy without a new medical exam before the age of 70 (each company is different, check your policy).