If you are looking to insure your life you have a number of options to explore. For example, do you choose term or another kind of coverage? Here is a look at some common life insurance no medical questions that may help you make an informed decision.
Q. What does a no exam policy mean?
A. You apply for coverage and there is no need to see a doctor for an examination, x-rays, or blood work. You provide sufficient information to the insurer and will receive a policy.
Q. Is there a waiting period on this kind of policy?
A. It is much quicker than standard policies (usually a few days) as standard ones require exams and must be underwritten. The process (for normal policies) can takes weeks for approval. It should not take long at all for you to receive coverage for a no-exam policy. However, it is important to check with your insurer about waiting periods for death benefits, as that varies according to policy and some can be as long as a year or more…. Read More