Looking for life insurance with no physical required? Some people choose non medical life insurance because they simply don’t have the time or the inclination to go through the rigors of a full medical examination. Others make this decision simply because they don’t like to go to the doctor. Fortunately policies are issued in fairly large amounts today without the necessity of a medical exam.
Insurance carriers always have issued life insurance with no physical required but mostly at younger ages and in smaller amounts. Today you can get larger amounts of coverage at older ages, no medical exam required. Here are some of the reasons why.
People Take Better Care Of Their Health
People tend today to take better care of their bodies. We live in an age where access to medical information is easily accessible. Because of this the public is more aware than ever before of the behavioral and eating habits that are likely to shorten ones life. The insurance companies know this and therefore are willing to issue policies at older ages to apparently healthy people. They do need to answer a few health questions though.
Medical Science Advancements
People that would normally die 30 or 40 years ago from certain ailments are enjoying productive lives with treatment today. Diseases that were considered death sentence diseases are no longer seen in that light.
Easy Access To Information
Life insurance carriers used to send out an inspector to to investigate each person who applied for a policy whether or not a medical was done. This was, in some cases, quite a costly undertaking. You will appreciate that they were committing to what can only be quantified as excessive risk. The applicant pays a small premium but the company has to pay a large sum if this person dies. The risk still exists in similar situations but most of the information required to approve issuance of a policy is accessible by computer.
Because of these things larger life insurance with no physical policies are being issued. Many companies will issue policies up to age 65. A few issue policies to older people. The amounts are limited to $250,000, $500,000 or even $1,000,000 in some cases. Younger people may even get more than that.
The beauty about the whole thing is that life insurance with no physical policies can even be bought online. You complete the application, get an approval in as little as 15 minutes and print out your policy there and then. You don’t need to even see an agent.
It is important that the applicant be truthful when applying for life insurance with no physical exam required. These insurance carriers are very thorough and are likely to uncover any hidden information that may prevent the approval of an application.
The policies issued online are referred to as no physical term life insurance. The favored ones are the 5 year term life policy, 10 year term life policy, the 20 year term life policy and the 30 year term life policy.
As we look ahead things can only get better. With even greater progressive strides in medical science and more easy access to information online it is quite possible that even larger term life insurance with no medical exam required policies will become available online.