In the modern era, purchasing a life insurance policy at an affordable price is very difficult. There is numerous insurance website which offers the different types of insurance policy. If you are looking for an insurance policy, then no medical exam life insurance is the best and ideal choice for you. They work with different types of insurance companies which provide the insurance policy at a very affordable price. Basically, in this insurance policy, it doesn’t require any kind of medical test to qualify for life insurance.
The two types of coverage will offer by no medical exam life insurance:
- Simplified issue policies: Basically for purchasing this type of insurance policy you don’t need to give any kind of medical exam. But they will ask you some medical related questions about your health and you have to give answers to all the questions to qualify for the insurance policy. Every individual person can take the advantage of this policy that has some medical conditions.
- Guaranteed issue policies: For this policy, you don’t have to give any medical test or they don’t ask any medical related questions. This is the best policy for those who don’t qualify for the simplified issues policies. But from this policy, you have to pay the higher premium and get the very low coverage.
Avoid things to reduce your insurance rates:
- Smoke: One of the major reasons why most of the people will don’t get the insurance at low rates because of smoking. If you smoke and you are elder ten you have to pay high rates as compared to nonsmokers.
- Age: If you get the insurance at a very early age then you have to pay fewer premiums for an insurance But if you take the policy at the time of any medical condition then they will charge you a high premium for insurance.
- Health: If you are in good shape then you have to pay low rates for an insurance Health plays an important role in lower rates of insurance policy. If you don’t smoke or drink then you have the higher chances of getting an insurance policy at low rates.
- Compare market: Before purchasing any insurance policy must compare the market rates, because most of the companies have different rates of policies. You must get the advice of broker while purchasing insurance company. The no medical exam life insurance will give you the best advice to buy an insurance policy.