All about life insurance without taking a medical examination.
Time, convenience, and fear of blood or needles are some of the main reasons please today are choosing to skip the exam.
What’s great is:
It doesn’t cost as much as it used to. Advancements in underwriting have brought the costs of premiums down, while the speed of underwriting and approvals has gone up. If you are looking for $1 Million or less in death benefit, you can get quickly approved by a strong, reputable, life insurance carrier without paying high rates.
There is still underwriting but it’s primarily done with a series of electronic database checks that are fast.
Today many carriers offer up to $500,000 face amount and you can easily combine policies from multiple companies if you need higher. Some companies now even offer the SAME rates as their fully underwritten policies where an exam is needed.
Keep in mind:
If you haven’t been to your doctor in a while, you could actually end up paying MORE if you take the paramedical exam.
The reason is, it’s hard to know if the levels such as cholesterol or blood pressure may have risen since your last checkup. Sure, you may feel great, but just a few points higher could bump you down an entire health classification and this means much higher premiums.
We’ve written more than 20 articles dedicated to finding the best coverage without needing a medical exam.
It can be done and it’s easier than ever.