Oklahoma Life Insurance
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If you’ve been keeping up with my blog posts lately you’ll know I’ve come to adding a few news posts from around the web on this subject. I’ve got a couple more today that are new and updated, so let me know what you think of em…
How To Get Cheap Whole Life Insurance | Tips Ideas & Solutions
Among this many life insurance corporations now operating on the Internet, Read the rest of this entry »
What are the advantages and disadvantages of choosing term life insurance without medical exam?
George
Oklahoma City OK
Many individuals choose term life insurance without medical exam because it is quick and easy to start the policy. Once you apply online and are qualified for coverage, your life insurance protection begins at the very same day giving you the peace of mind that your family is secured.
This special type of policy is being offered by most insurance companies, 100 percent risk free. Most insurers, after a policy has been issued, grants a certain period of time where you can change your mind or cancel your policy for whatever reason. This certain phase is often called as “free-look” period. If you suspend your coverage within this period, you will receive a full refund of your premiums.
You can purchase your term life insurance without medical exam quotes and policy online. Even if you are a smoker, overweight or on a medication, you still get a chance to obtain coverage. If you qualify, you can choose from $25,000 to $500,000 worth of coverage. You’ll no longer need to take physical check up but only answer a few health questions.
However, there still some policy holders who considered it a mistake when they chose to apply for term life insurance without medical exam. While it may be more convenient and quick to obtain a policy that way, it will cost you a fortune in the long run. It is because a no exam life insurance is expensive because the insurance company doesn’t have any opportunity to thoroughly evaluate the risk of the applicant.
The main reason why most life insurance companies require a potential policy holder to undergo a medical exam is for them to determine the life insurance cost to charge to the applicant. If the examination reveals that you are likely to die at an early age, insurers would want to collect more premiums at an earlier part of your life. Conversely, if you are most likely to live longer, they would not need to collect many premiums from you since you are expected to continue making premium payments in a longer period.
I’ve been a smoker for I think 5 years of my life. I quit several years ago for my own health. I heard that getting a non smokers life insurance is cheaper as compared to when you are smoking. Is this true? By the way I am from Oklahoma if that makes any difference.
Hope
Oklahoma City, OK
Hello Hope! It’s nice to hear that you’ve stopped smoking. I myself was a smoker before and I also quit for the simple and same reason that you have – I wanna live longer! When I decided to quit, I was shocked on the benefits I got not to mention getting lower life insurance premium.
It’s true that non smokers life insurance is cheaper as compared to smokers. Again the logic behind this is very simple – smoking means only one thing – higher risk for heart diseases and even cancer. So if you are someone who is considered to have higher chances of getting those diseases hence your life expectancy is shorter. With this, life insurance companies are favorable to non smokers. They are targeting the market they call “better mortality risks”. Given this fact, it is expected that non smokers life insurance get lower rates in the market.
In general, life insurance companies are aiming at non smokers by offering lowers life insurance premiums. If you are looking for non smoker life insurance you can use the websites by just entering your personal information. By doing this, you’ll instantly get non smoker life insurance quotes.
How can I get no exam life insurance quotes online?
Cris
Lawton OK
Hello Cris!
When you browse various websites you will see a box where you can type in your zip code to get a no exam life insurance quote like the one you see on the top of this page. You will then see a listing of different life insurance companies. You will be asked to enter basic information to see no exam term life insurance quote and choose what suits your needs. You will fill out information and click the apply button. It usually takes three days with some life insurance companies to process this and some life insurance companies can offer you instant no exam life insurance policy where you can print the policy. It very easy, simple and you do not need to speak to a live insurance agent.
Always remember that before purchasing no exam life insurance policy online, be sure that you have taken into consideration what your budget may allow. It is very essential to have a face amount of life insurance in place. When you die, you do not want to burden your family with the funeral cost that is why a no exam life insurance is an option for you to get this off of your mind. What are you waiting for?