As agents we are frequently hearing the question “Is there really a way for my clients to get the life insurance policy they need without the hassle of going through a medical exam?” The answer is yes! Depending on the your individual situation, a policy that doesn’t require a medical exam for approval yet still offers competitive, guaranteed coverage could be available and in your best interest.
No Medical Exam Life Insurance Policy
Most carriers use some kind of medical exam procedure to judge any conditions or history that might affect your rate for insurance. Historically, it has been a standard part of the mainstream life insurance process. More and more however, we are seeing carriers simplify these processes to determine if you will qualify or will need the standard face-to-face contact with a medical examiner. This can greatly reduce the time and expense, while making the process more pleasant and convenient for you.
How is this policy different?
A “No Medical Exam Policy” is not any different than any other policy requiring an exam. Until recently, it has been significantly more expensive to purchase the same coverage with “no exam” or “non med” policies as “fully underwritten” policies requiring an exam. Often the cost would be higher by 50, 60, 70 percent or more for the convenience of avoiding the exam process.
What are the benefits of a No Medical Exam Policy?
A life insurance policy with a medical exam commonly takes four to six weeks or more to get approved and issued through the traditional channels. The biggest benefit to the No Medical Exam Policy process is how much faster you can get a policy issued. Since no face-to-face exam needs to be scheduled or conducted, and no lab results need to be collected and analyzed prior to an underwriting decision being conveyed, you can potentially get a non med policy issued from application to policy delivery in as little as 24-48 hours with some carriers.
What’s the Catch to a No Medical Exam Policy?
There really isn’t a catch as no exam is often a way to get easy, affordable insurance.
Take advantage of a No Medical Exam Quote today by simply clicking here!