Life insurance is more of a possibility these days, However, taking life insurance coverage is a matter that often requires insurance applicants to undergo a medical exam. It is based on medical exam results that insurance providers determine the risk status of an applicant more effectively and whether to offer or deny them coverage. Unfortunately, an exam is something most people would rather do without when buying insurance because they fear being turned down or paying a fortune for insurance, because of their medical history or pre-existing medical conditions. Therefore, insurance without an exam can be favorable for people who cannot get conventional plans because of their age or health condition. The reasons for choosing no medical exam life insurance include:
· Peace of mind
Exams prior to getting insurance have often proven an impediment to people who are unable or unwilling to take the test. However, it is worth noting that not every insurance provider requires you to have a medical checkup to be qualified for insurance coverage. A good non-medical plan allows you to get insurance without undergoing a medical exam. The fact that you can insurance coverage without a fuss can contribute significantly to your peace. Furthermore, such a plan will no doubt offer you desirable peace of mind, knowing your love ones have a good financial security, in the event of your untimely death.
· Short approval process
Many people live the fast-paced life that is characteristic of most modern societies. As a result, creating time to undergo a medical exam is simply not going to happen. Furthermore, some insurance shoppers find themselves in a situation where they need insurance right away, for various reasons- perhaps to get a loan or to get insurance before travelling or before reporting to a new job. Under such circumstances insurance needs to be sorted out fast without any hassle, and whatever the reasons for not taking an exam, no medical exam life insurance policy is a perfect solution.
· Guaranteed acceptance
Any young and healthy person is automatically qualified for any such policy. In addition, these types of plans are recommended for people who are unable to obtain insurance coverage through other ways because of various risk factors, including old age, unhealthy lifestyle, pre-existing conditions and health complications. Therefore, if you have a terminal illness but interested in having insurance to cater for your final expenses, including medical and funeral expenses, a non-medical plan could be worth the time.