When to Consider Term Life Insurance with No Physical Exam
Reader’s Question:
Is it always a good idea to skip the physical exam with a term life insurance? I really don’t want to go through the hassle of going to a clinic if I can.
Bugz
Fort Lauderdale, FL
A lot of people do share your sentiments regarding this. Especially with the fact that more and more life insurers are offering term life insurance no physical exam policies nowadays; getting a physical examination is just a waste of time, right? RIGHT?
As with everything, there is a catch. Going with a term life insurance no physical exam policy may save you the hassle of having to go to a clinic, but it may also cause you to pay unnecessarily high life insurance premiums. This is especially true if you are young and in excellent health.
Here are some reasons when you should consider taking a physical exam for a term life insurance policy:
1. If you are overweight, clinically obese, or diabetic.
2. If you have cancer in its early stages (prior to chemotherapy).
3. If you have a life-threatening disease or other serious health conditions.
4. If you participate in high-risk recreational activities (e.g. extreme sports, taking recreational drugs).
5. If your occupation or business frequently exposes you to hazardous locations or conditions.
In any of the above cases a term life insurance no physical exam policy would be to your advantage. Many people have been denied life coverage everywhere else because of those conditions listed above. No exam term life insurance can be quite cost-effective at this point and may actually be the only option left for some individuals.
So if there really isn’t any serious reason for you to not let the life insurer know about your state of health, then do take the medical test. You can save a lot of money in the long run.
Life Insurance No Exam Coverage – Pros and Cons
Reader’s Question:
A life insurance agent here in Fort Lauderdale, Florida is selling me life insurance coverage without the need to get a medical exam. Is this recommended?
Elkin
Fort Lauderdale, FL
It’s good that you asked. Life insurance no exam coverage is one of those things that will either work for you or against you. Not everyone will benefit from buying this type of life insurance so it pays to review and understand very well whatever kind of life insurance is being offered to you.
Life Insurance No Exam: Advantages
No Exam life insurance is good for people who get repeatedly rejected coverage due to a poor state of health. This is also beneficial to people who may participate in hazardous/dangerous lifestyles or activities. No exam life insurance policies are also processed much quicker to process and can therefore reduce the time needed to get the policy enforced.
Disadvantage of No Exam Life Insurance
Compared to the average life insurance rates, no exam coverage are more expensive. This is because by skipping the medical test, you are automatically placed on a higher risk-category. The insurer has no idea about your state of health and other factors that can help them approximate your lifespan.
The Verdict
If there really is no reason for you to skip the medical exam, it is highly-recommended that you take it. There’s no reason to pay more rates unnecessarily if you can prove that you qualify for better rates by passing the medical test. However, if you have a medical condition preventing you from getting life insurance, a life insurance no exam policy is your best option.
Tags: life insurance no exam
Fort Lauderdale FL No Exam Life Insurance Plan
Reader’s Question:
I am a businessman and I have very little free time. I have been planning to get my own life insurance for so many years now, but I just don’t have the time to get to visit for physical exam. I heard from a client in Fort Lauderdale, FL that I can no exam life insurance. How valid is that?
Frank
Fort Lauderdale, FL
Hello Frank!
It’s good that you asked despite your busy schedule. There can be no better way of securing yourself life insurance than through instant no exam life insurance policies. This is really the trend in life insurance which waved through with the internet revolution.
The good thing about instant no exam life insurance is that you do not even have to speak to a life insurance agent in Fort Lauderdale, FL anymore. You can just sit at the comforts of your home or office and log on to these insurance companies’ websites.
It is as simple as answering a questionnaire, and you will get coverage the same day that you applied and submitted your application. Your no exam life insurance becomes instantly active the moment you pay your premiums. The internet revolution has practically made getting affordable life insurance for you and your family’s protection so much easier. Up to $150,000.00 worth of coverage can be granted to you in as short as 15 minutes. You will experience no lengthy delays and definitely no medical exam.
There can be so many companies that offers application online and acceptance over the internet. Most life insurance companies that have websites normally offer this service which can give you protection which begins the very same day you apply. Start shopping for free quotes by typing your zip code on the relevant space on this page.
May you enjoy your online shopping experience for no exam life insurance!
Fort Lauderdale FL term life insurance
Filed under: Life insurance Fort Lauderdale FL, No exam life insurance FT lauderdale
Reader question:
Will my weight be considered by my Fort Lauderdale FL term life insurance company?
Larry
Great question.
Yes, your weight will be considered by your Fort Lauderdale FL term life insurance company. Although, technically, what is considered isn’t really your weight, but your build. Your build concerns how much you weigh as it is related to how tall you are. So if you are very tall, weighing the same amount which would make a much shorter person obese might only indicate that you are healthy with no weight problems at all.
Obesity and diabetes are moving further up the list of serious health problems in America every year, so if your build doesn’t fit the standards put forward by your Fort Lauderdale FL term life insurance company, then you could quickly find yourself either slapped with incredibly high rates, or declined altogether, finding it difficult to become insured at all.
You aren’t alone in this, though. Twenty percent of adults in the United States are obese, and some of these people have insurance. The problem is, though, considering that over two hundred thousand deaths are attributed to obesity every year, most Fort Lauderdale FL term life insurance companies don’t want to take the risk. Instead, you might have to get a very high rated no exam policy, or even a guaranteed issue policy.
take care,
Fashun
Buy Fort Lauderdale Florida term life insurance online
Filed under: Life insurance Fort Lauderdale FL, No exam life insurance FT lauderdale
Reader question:
When I go to buy Fort Lauderdale Florida term life insurance online, and I come to the part asking about my coverage, I get a little confused. How do I know how much coverage I need?
Kelly
Excellent question, Kelly.
Some experts have come up with an excellent formula which you can use to determine your life insurance coverage needs when you buy Fort Lauderdale Florida term life insurance online. The formula goes something like this.
Short term requirements + long term requirements – financial resources = your coverage!
Essentially, you have to take your short term financial needs as well as your long term ones, and subtract other financial resources (such as social security check or spouse’s job) which would continue even after your death, and then you come to the right number. The hardest part, though, is determining what resources will be many years from now and also adding up your needs, which will include debt, mortgages, among other things. Luckily, though, you can reevaluate your life insurance policy every three years or so to make sure that you don’t need to once again buy Fort Lauderdale Florida term life insurance online.
take care,
Fashun
Compare Fort Lauderdale FL life insurance rates
Filed under: Life insurance Fort Lauderdale FL, No exam life insurance FT lauderdale
Reader question:
What else should I look at as I compare Fort Lauderdale FL life insurance rates?
Gabby
Great question, Gabby.
There are a couple of things you should look into as you compare Fort Lauderdale FL life insurance rates, because they are very important, and you should be choosing not only a life insurance policy that is cheap, but one that has value as well. You can easily find the cheap part just by going to websites to compare Fort Lauderdale FL life insurance rates, but the value requires some extra footwork to uncover.
First of all, you need to check how financially stable a company is. You can find this out from Standard & Poor’s website, where companies are rated according to their financial stability. Only pick a company which has the highest rating of financial stability. What happens if a company isn’t financial stable? It could go out of business, and you could lose your life insurance policy, or they could be unable to pay out benefits upon your death.
Second of all, you need to check out J.D. Powers for consumer ratings. This company rates others on things such as customer service, pricing, coverage, and more.
take care,
Fashun