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Posts Tagged Medical Exam

Oklahoma Term Life Insurance Without Medical Exam

Jul 13

Posted by admin in No exam Life Insurance in Oklahoma, Term Life Insurance in Oklahoma | Comments off

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.

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Oklahoma Life Insurance No Physical Exam

Jun 22

Posted by admin in No exam Life Insurance in Oklahoma | Comments off

Can I possibly get a term life insurance without taking a physical examination?

Jonah

Oklahoma City OK

 

These days, it is very much possible for people like you to get covered for a specified period of time without being required to take a physical exam. This policy is called term life insurance no physical exam and is being offered by a number of insurance companies.

The major catch of this form of life insurance, aside from the no physical exam aspect, is that it is very convenient to apply. All you have to do is to go online and search for life insurance company websites and fill out their short online application form. Since you would no longer be taking the medical exam, you will be asked to answer health questions for the insurers to have an idea of your health condition. Once you’re done answering those forms, and if qualified, you get instant approval and receive coverage right on the spot.

However, there are few trade offs for this policy. A term life insurance no physical exam policy can be a bit more expensive as compared to those that require a medical exam. Another thing to keep in mind is this is not a guaranteed issue product. A guaranteed issue, when used in connection with health insurance means that a plan will be offered regardless of medical condition. Although there is a no medical exam requirement in this policy, you are still to go through answering those very detailed questions about your health history and it is extremely significant to answer it as accurately as possible.

Most life insurance companies, as a condition of issuance, also reserve the right conduct an investigation before disbursing any death benefits. As a matter of fact, most of them have become very skillful over the years in determining any fraudulent applications resulting to a canceled policy or not receiving benefit altogether. So if you think you have a condition that would not qualify you for a term life insurance no physical exam, be sure to open this up with your insurer for some arrangements. Each life insurance company looks at risk differently so it makes sense to visit several of them.

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Advantages Of No Exam Term Life Insurance Oklahoma OK

Jun 16

Posted by admin in No exam Life Insurance in Oklahoma | Comments off

What is a term life insurance? What are the advantages of obtaining its no exam policy in Oklahoma?

Elize

Oklahoma City OK

 

A term life insurance is a life insurance that provides temporary protection for a specific number of years. Its term periods are commonly available at 5, 10, 15 or 20 years. It does not build cash value and automatically expires at the end of the specified term unless otherwise renewed by the policy holder.

A term life insurance may be offered either requiring a medical exam or not. In the past, a medical exam is usually required to those who applied for life insurance most especially for those who are requesting for a $100,000 or more coverage. Presently, there are now insurers who offer no exam term life insurance policies. This policy is obtainable for up to $500,000 coverage with no physical exam needed but just answering a few health questions. This policy is best recommended for healthy individuals. You may or may not qualify for a policy if you have an existing health issue.

There are several advantages when you apply for a no exam term life insurance policy in Oklahoma. You can choose a coverage ranging from $25,000 to $500,000. This policy also fits those who don’t have anymore time for a medical exam. No insurance agent will call or visit you. You can also purchase this policy directly online. You no longer have to wait for months for your application to be processed. Your policy will take effect at the same day your policy is approved. You will have a fixed amount of premiums and will never be canceled as long as you pay on time. Lastly, benefit claims are directly paid to your beneficiaries free of federal tax.

There are also some important things to keep in mind when considering for a no exam term life insurance. When you compare plans, verify if full coverage will be immediately available on the first day of your policy. Double check if how long will you be assured that your life insurance rate and coverage remains at parallel. And lastly, do not fail to review the financial strength of the insurers. Through this, you are assured of your insurer’s capability to meet its financial obligations.

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How Can You Lower Smokers Life Insurance Rate

Jan 12

Posted by admin in Smokers Life Insurance Oklahoma | Comments off

How can I lower my smokers life insurance rate? If I stopped smoking last month, can I ask my life insurance agent to re-evaluate my life insurance rate?

Jeff

Oklahoma City, OK

Cigarette smoking lowers the life expectancy of the user. Because of this risk to the life insurance company, you, as the smoker, will be placed in the smoker risk category and will receive a smoker life insurance rate. This will apply even though you are in good health condition. Smoking can lead to health problems like cancers of the oral cavity, lung, esophagus and larynx. Smoking is also associated to the cancer of the pancreas. If you are an “occasional” smoker, some life insurance companies may qualify you for the non-smoking rates. “Occasional” smoking is generally defined as smoking 12 cigarettes a year. If this is the case, the result of your medical exam in your urine sample must be nicotine-free.

In your case, you have already received a smoker’s life insurance policy. If you have quit for years, you may ask your life insurance agent to reclassify your smokers life insurance rate. Life insurance companies have different rules on how long must an insured be smoke-free. You can contact your life insurance agent to check this.

Note that severe consequence awaits you if your insurer catches you to regular smoking, which you lied about. You may pass a urinalysis test but if you die due to smoke-related problem, the life insurance company can deny the claim.

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No Medical Exam Life Insurance

Jul 11

Posted by admin in No exam Life Insurance in Oklahoma | Comments off

If you are seeking term life insurance with no exam, you simply need to contact several different term life insurance companies and ask about their underwriting processes as far as medical exams are concerned.

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