It is now easy for people with pre-existing medical conditions to get life insurance. Furthermore, it is possible to get no medical exam life insurance at competitive rates. The availability of many providers offering non-medical exam policies justifies the process of comparing quotes for purposes of finding affordable insurance coverage.
As the name suggests, non-medical plans allow insurance shoppers to get insurance coverage without a medical exam. Some of the major insurance providers call these policies last cost or simplified insurance plans. Some of the important issues with the non-medical insurance plans include:
The insurance market is more diversified and offers many opportunities for getting insurance. This means insurance shoppers can get the desired coverage at competitive rates.
There are many life insurance brokerage websites available online that help shoppers to find non-medical exam plans. Most of these sites serve as a one-stop shop that makes it possible for shoppers to access non-binding quotes from several leading insurance providers, for absolutely free.
On these sites, shoppers have access to insurance quotes from multiple carriers and agencies, such as brand name companies, local agencies and nationwide agencies.
This helps to make the process of comparing and finding affordable life coverage easy. These non-medical plans are popular because they offer coverage to people who have chronic or terminal diseases such as asthma, heart attack, diabetes and some types of cancer.
It is important to know which insurance company supports your policy. This is particularly the case if you are buying from an insurance broker. It is important to know not all insurance carriers are created the same.
Knowing which company your plan is with, grants you the ideal opportunity to perform a background check- to determine the size, ratings and financial strength of the carrier. It is advisable to opt for a reputable, established provider who possesses the financial ability to stay in business when you and your loved ones need them most.
Exclusions of the policy
All insurance policies include exclusions, which show the instances when the insurance carrier would not pay death benefits.
Exclusions exist for purposes of guarding against every possible risk likely to cause death and making the premiums unaffordable.
Therefore, when buying no medical exam life insurance it is important to know the exclusions before signing the contract. This will help you avoid plans that do not cater for your needs, perhaps by failing to give adequate coverage and being too expensive.