No Health Questions Term Life Insurance: An Ideal Alternative
Looking for no health questions term life insurance? Several people choose to enroll in coverage that does not ask for medical examination as they don’t have the inclination and the time to go through the medical checkup. Others pick this option as they don’t want to insure themselves by going through a doctor. Fortunately, there are numerous plans that are issued every day without the necessity of a physical exam.
Insurance providers are more comfortable in providing no health questions term life insurance to people who are young and/or people who require coverage of a smaller amount. With increase in competition and persistent demand from consumers, insurers are now providing coverage for older people with no medical. Some of the reasons can be stated as follows:
– People who are health conscious: People are increasingly becoming health conscious and there has been increase in the number of people who take good care of them. Moreover, with the advancements made in the medical science, we have simple and effective ways to take care of our health.
More than ever before, the general public is aware of the eating habits and behaviors that can shorten their life. There are efficient and effective ways by which people can lengthen their lives. Insurance providers are aware of this fact and they are willing to provide coverage to older people at low cost. People are able to enroll in no health questions term life insurance.
– Progress in Medical Science: There was a time when there was no known cure for diseases like pneumonia, small pox or even fever. With the advancements made in medical science we have cure for almost anything. Not only this, we are now aware of ways by which we can prevent ourselves from catching such diseases.
– Easy Access to Information: Insurance providers used to use investigative inspectors to find out if an applicant had actually gone through a medical examination.It used to be a costly undertaking. One has to appreciate as they are only trying to avert a possible risk by enrolling a particular person.
No Health Questions Term Life Insurance Limitations:
Due to this reason insurance providers are able to issue no health question term life insurance to many people. These policies are even issued to people who are already 65 years of age. In some cases the amount is limited from $250,000 to $1,000,000. The insurance amount increases the younger an applicant is.
Another interesting feature of no health questions term life insurance plans is that they can even be purchased online. In many cases, you just has to fill in the details in the application form. This is approved in as little as fifteen minutes and you get a print out of the policy then and there. One does not even need an agent for this.
One important thing to consider here is that the applicant must be completely honest while giving details on the application form. If the insurance provider finds that you have manipulated any information it has the legal right to deny you coverage. Some may even not return the premium paid by you.
With continuous advancement made in the medical field and easy access to information, it had become really easy to find no health questions term life insurance. We look ahead for a better future for everyone. For more information on how you can enroll in term coverage without going through medical tests, feel free to contact one of our insurance agents today.