Most insurance companies require that anyone who wants to take out a life insurance policy needs to take a medical exam. This allows the insurance company to assess the policyholder's health risks and thus, their risk level. There are many cases where people do not want to take a medical exam - they may have a pre-existing medical condition or be of an age where they know that they are going to be denied a regular life insurance policy. Sometimes they simply want life insurance quickly and waiting for their medical history to be assessed slows down the process too much. Whatever the reason, there are options to buy life insurance with no medical exam.
You can ask your insurance agent about options for a life insurance policy with no medical exam requirement. If you don't have an insurance agent or would rather find one on your own, they can often be applied for online and sometimes even approved within a single day. These policies tend to be a lot easier for people to qualify for because of much more flexible underwriting guidelines. Sometimes, they can even be transferred to a permanent life insurance policy if certain requirements are met. |
