Why Skip the Medical When Getting Life Insurance?

Why Skip the Medical When Getting Life Insurance?

There are several options for getting life insurance without the usual medical exam. Does this sound appealing? There’s less hassle; just fill out an online questionnaire.

Or you may be afraid of medical tests and doctors’ offices. You may also be afraid that you’ll be rejected because of a pre-existing health condition. But fear is not a good reason to avoid the health exam. Skipping it may result in a quicker, more effortless process, but it is an expensive choice.

As a savvy consumer, knowledge is your best weapon against making the wrong choice for your financial future.

No doctors, no needles, but more money. Without an exam, the insurer will know far less about you and your health, so they will have to guess, and cover their bases with much higher premiums—up to double what an exam-based policy can cost.

Do you fear the medical exam process? Well, you’re not alone there. Here’s what to expect: a life insurance medical exam takes about 20 minutes out of your day. You give your height, weight, blood pressure and medical history. You may be asked for blood and urine samples. Many people are afraid of needles, so don’t let this stop you—ask for a nurse who will help manage your fear. You deserve the support, and your loved ones deserve the protection a good policy can provide.

The healthier your measurements and lab results, the lower the premiums you’ll pay for coverage. But do not lie on your medical history. It can invalidate your policy, depriving your loved ones of death benefits, and that’s the whole point of taking out life insurance.

Do pre-existing medical conditions mean you can’t get life insurance? Not necessarily. Don’t assume conditions like cancer or diabetes will disqualify you from getting insurance. Discuss it with your insurance agent and learn about your options. Your policy may cost more, but in many cases, it is still possible.

Remember that you will experience a two-year period before the policy takes effect. That clause protects the insurer from issuing a policy to someone with a terminal illness, or who plans to take his or her life. After that, life insurance typically pays out death benefits regardless of how you die.

When you compare the amount of coverage, and what you pay for it, getting traditional insurance with a medical exam is worth the hassle. So, invest the time now, to ensure your family is taken care of later.

17 thoughts on “Why Skip the Medical When Getting Life Insurance?

  1. PG Slot says:

    798588 908893Hello there, just became alert to your weblog via Google, and found that it is really informative. Im gonna watch out for brussels. Ill be grateful in case you continue this in future. Many individuals is going to be benefited from your writing. Cheers! 533741

  2. โบท็อกซ์ says:

    201365 919485It is a shame you dont have a donate button! Id most undoubtedly donate to this outstanding internet site! I suppose within the meantime ill be pleased with bookmarking and putting your Rss feed to my Google account. I appear forward to fresh updates and will share this weblog with my Facebook group: ) 714560

  3. radiesse says:

    813214 878723Soon after study a lot of with the content material in your web internet site now, and i also truly much like your way of blogging. I bookmarked it to my bookmark website list and are checking back soon. Pls take a look at my web page also and inform me how you feel. 778972

  4. juvelook says:

    518805 182920Hello super schner Webblog den ihr da habt. Bin gerade ber die Google Suche darber gestolpert. Gefllt mir echt super gut. macht weiter so. MFG Martina 584353

  5. Sylfirm says:

    534914 492007Exceptional post. I was checking constantly this weblog and Im impressed! Extremely helpful info specially the last part I care for such information much. I was seeking this certain details for a long time. Thank you and greatest of luck. 158675

  6. hua hin house for sale says:

    569849 690294Thank you, Ive lately been searching for information about this subject for ages and yours will be the greatest Ive identified out so far. But, what in regards towards the bottom line? Are you certain concerning the supply? 911506

Leave a Reply

Your email address will not be published. Required fields are marked *