People might think that it's too late for individuals in their sixties or seventies to even try starting a life insurance plan. This is a common misconception, and it is entirely untrue. It's never be too late for anyone to take on an insurance plan. As a matter of fact, even individuals with illnesses can now get these plans, as there are companies that now offer policies that do not require a medical exam for approval.
How Do I Find Life Insurance Packages with no Medical Exam Requirements?
The best place to start looking for life insurance packages is on the Internet. Although a lot of people are hesitant and skeptical about offers online, the Internet is actually a practical resource for finding reputable companies.
There are a variety of ways the internet can help you find policies that don't require a medical exam:
- Reading about other people's recommendations. You're not the only one searching for policies like these. There are people who have done so before, and have succeeded in the task, and they can help you make an educated decision on which company you should go with.
- Reading about insurance policies. By visiting the websites of insurance providers, you can learn more about their policies. This is also a good way of comparing services, and can be a big help in giving you the information you need to make a choice.
- Reading the horror stories other people have gone through. Just like the first example in this list, the Internet can help you sift through the chaff of information by reading on the bad experiences other folks have with this insurance provider, or that agent.
Search engines have their own unique way of ranking each company's website by popularity and reputation. As a result, a lot of insurance companies have websites that give you the ability to compare rates from other firms that offer similar life insurance packages. Health-related blogs and forums, and social media groups, are great resources for your research as well. These venues can help you find a good policy for yourself.
Who Can Qualify for a Life Insurance Policy without a Medical Exam?
Companies differ on their policies with regards to the necessity of a medical exam. However, some do make these easily available. The only catch is that some companies may have to offer different rates for certain individuals, as they also need to asses and calculate the risks of their policy holders.
Individuals with mild, and even terminal, diseases may also be granted specialized life plans. You just need to find a company that doesn't look into any existing illnesses an applicant might have. Some of these insurance plans are actually more affordable than the regular and traditional policies, which typically require a physical exam as a rule. However, a cheaper life insurance without medical exam policies may offer only limited coverage.
Most insurance policies do have a bare minimum of features, however, so whether or not you're getting a full policy or one that is stripped down to the basics, this could still be of some benefit to your family once you pass away.
by Marti Anonas
