Get Life Insurance With No Medical Exam In Minutes By Doing This

If you have white coat syndrome, don’t have the time for a medical exam or need approval quickly, then you may want to consider life insurance with no medical examination.

Checks

The insurers will still look into your medical history and ask about your lifestyle, but there will be less scrutiny than if you subject yourself to a full examination.

Higher Premiums

There is a price to pay however, and this type of insurance can be up to 50% more expensive. The cover is also likely to be lower, typically limited to $50,000 (Whole Life Assurance) and $350,000 (Term Assurance), depending on the age you are when you take it out. If you have had significant health issues, there may also be a waiting period of around 2 years before you are fully covered.

Types of Cover

The types of cover range from Term Assurance (for a fixed term, payable only if you die before a specified age, usually up age 65 only), to Whole Life Assurance – where a payout can be made whatever age you die. You can usually apply for this up to age 80, but the cover will be very limited.

There are several variations on these including Graded Life Assurance, which is usually suitable for those with more serious health issues, and which staggers the health benefit payable. It is also generally more expensive. Or the Rapid Decision Senior Whole Life, usually taken out between ages 65-85, but again with lower cover limits.

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