Sentences with phrase «such as a no medical exam life insurance policy»

If however you feel that your health will keep you from qualifying for a traditional medically underwritten policy, there are other options out there, such as a no medical exam life insurance policy or a guaranteed issue policy.

Should the insured acquire an adverse health condition prior to that time, there is a chance that he or she could become uninsurable, and essentially no longer be eligible for the coverage, though there are other options that could be looked into with a higher premium rate, such as a no medical exam life insurance policy.

There are options such as a no medical exam life insurance policy if you absolutely need coverage, but those will come at a much higher premium rate than the policy you got when you were younger and healthier.

If the applicants health is not good enough to obtain a traditional medically underwritten policy, we can look into other options such as a no medical exam life insurance policy or high risk life insurance policies, which will come with a higher premium rate.

Though do not worry if your health is at the point where you can not qualify for a traditional medically underwritten policy, there are other options that we can look into such as a no medical exam life insurance policy.

Do not worry if you are unable to pass the medical exam, there are other alternatives, such as the no medical exam life insurance policy that will come with a higher premium rate, but will allow you to get the coverage that you deserve.

Do not worry though, if your health will not allow you to pass a traditional medical exam, there are other options, such as a no medical exam life insurance policy, which in turn will come at a higher premium rate.

Not exact matches

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

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).

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

A no medical exam term life insurance policy protects the policyholder if they die within the specified period (such as 10, 15, 20, 25, or 30 years).

This means that there is no blood and urine testing to worry about — and because of the no medical exam process, oftentimes, an applicant who has certain health issues will still be able to qualify for coverage, such as with a guaranteed issue life insurance policy.

If you are in a rush for time and need the life insurance for a court order such as divorce cases or obtaining a loan for a real estate purchase then you will be in business with a Term life insurance with No Medical Exam type policy.

If you have serious health problems such as heart disease, cancer, or a history of stroke, you would want to consider a guaranteed issue life insurance policy where no medical exam is required.

All traditional life insurance policies, whether it be a term or a permanent policy such as Indexed Universal Life or Whole Life require that you take a medical elife insurance policies, whether it be a term or a permanent policy such as Indexed Universal Life or Whole Life require that you take a medical eLife or Whole Life require that you take a medical eLife require that you take a medical exam.

Though if your health is at a point where you will not pass a traditional medically underwritten life insurance policy, there are other options out there for you such as a no medical exam policy or a guaranteed issue policy.

If you're between applying for life insurance that requires a medical exam and one that does not — such as simplified issue or guaranteed issue life insurance — we recommend that you take the plunge and go with the traditional life insurance policy that requires a medical exam.

Any standard life insurance policy that you are applying for, such as Term life insurance or Permanent insurance, requires that you take a medical exam.

Here, you'll find information on life insurance basics, as well as detailed information on topics such as life insurance policy riders, preparing for your life insurance medical exam, and budgeting for life insurance.

A medical exam is required for term life insurance and most whole life insurance policies, so health concerns brought on by your pregnancy, such as increased weight or high cholesterol, could affect your rates.

A conversion option is typically included and allows the owner of the term policy to covert all or a portion of the term into permanent coverage, such as universal life insurance, without proof of insurability — that means no health questions or medical exam.

Generally, life insurance policies that offer a fast approval times such as a simplified issue policy (no medical exam required) or a guaranteed life insurance policy (no medical exam or health questions required) should be reserved for the «very healthy» or the «very sick».

Should you have any questions along the way regarding how variable policies work — about life insurance in general, or about something more specific such as life insurance without medical exams — please feel free to contact us directly.

One of the down sides of obtaining life insurance with no medical exam is that the amount of coverage you can secure is far less than what you can get with a traditional underwritten term policy, such as a million dollar term life insurance policy at at affordable premium rate.

There are some life insurance policies, such as guaranteed - life insurance and simplified - issue life insurance, that don't require a medical exam to qualify.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

This type of policy has the same benefits as term life insurance such as a level death benefit and level premiums, however this policy doesn't require a health exam, only the medical underwriting questions.

A no medical exam life insurance policy may also be a good fit for those who either work in risky occupations, and / or for those who participate in higher risk hobbies such as scuba diving or rock climbing.

While some no medical exam life insurance policies will pay out the full amount of the death benefit to the beneficiary right away, others will require that the policy be in force for a certain amount of time — such as two or three years — before the full amount is eligible to be paid out.

Underwriting — You may have heard about life insurance underwriting, it is a process by which you find out if you qualify for a policy based on your personal information which includes your answers to the questions asked on the application for coverage, your results of a medical exam, and other factors considered when underwriting an applicant for life insurance; such as, your driving record, occupation, hobbies and lifestyle.