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look for a good no medical exam life insurance company not sure which one would be a good pick. ?
Question : look for a good no medical exam life insurance company not sure which one would be a good pick. ?
Any one online is using a company now that you like please let me know.
life insurance no medical exam
Best answer:
Answer by vbgore
Why do you want a policy with no medical exam? A medical exam will HELP you get the best possible rate. Unless of course, you have a serious condition that you are trying to hide. Any policy that would offer coverage with no medical exam is already a “rated” policy. Meaning that you are paying a higher than normal rate for someone of your age, sex etc. If you have a substantial medical condition you need to find a company who is simply less expenseive for that particular condition. For example: some companies are much less expensive for high blood pressure, or high cholesterol than others. If I knew more about your health in general I could give better advice, but I certainly understand your reluctance to share personal health info.
There are several insurance companies that offer no medical life insurance protection, including Colonial Penn, Garden State Life, HSBC, Liberty Life, Gerber Life, and Globe Life among others.
You may want to compare the financial ratings, premiums, and policies of these carriers.
Make sure you compare no exam quotes to fully underwritten life insurance quotes to find out how much more it costs you before choosing a plan.
Most no exam life insurance companies charge more because there is no physical exam, and therefore, less underwriting. This means the carrier may accept some applicants they wouldn’t if they required a medical exam.
To find the best plan for no exam life insurance you may want to compare the carriers listed above and see which one meets your life insurance coverage needs and fits your budget.
Make sure you answer all questions honestly on your life insurance application, as this may affect the proceeds your beneficiaries receive.
Some carriers offer more or less coverage, and rates can vary.
Make sure you get all of your questions answered before choosing a plan. Also, review all exclusions and limitations which may apply to your policy.
Most life insurance companies provide a “Free Look” period of 10-30 days which acts like a money-back guarantee.
Also, some coverage is graded, which means full coverage does not take effect until you have owned the policy for 1-2 years.
Make sure you review the financial stability rating of the insurer you choose, the rating is usually provided with your life insurance quotes.
The better the financial rating, for example “A” Excellent, or higher, the better the insurer should be able to meet their financial obligations.
Best of luck to you.