Having an injury or a disease will seriously cripple your chances of getting life insurance. Do not expect finding it easy since companies have strict guidelines and include people in strict risk categories. However, although it may seem impossible, but even those with chronic diseases can get insurance. The secret is to apply for a life insurance without medical exam policy.
Only in US there are several millions of lung cancer patients, not to mention those suffering of diabetes, Parkinson’s disease, Alzheimer’s disease and so on. Many companies understood that neglecting these people will make them lose a huge market. So, they come up with the idea of creating no exam life insurance policies.
These are great news because no exam policies provide general acceptance to those suffering of a disease. Normal policies that ask for medical exams, calculate the risk based on the medical results. And if you no longer have to take the exams, underwriting can be done easier and faster. Normally, a no exam life insurance is processed in a couple of hours or in a 2 or 3 days.
However, there are certain elements that you should be aware of. Without knowing exactly your current medical condition, the company takes a greater risk by ensuring you and they will charge extra for premium. No exam premiums are more expensive than regular premiums. Secondly, “no exam” does not mean that you will not be questioned at all about your medical condition. Most companies will give you questionnaires with up to 12 medical questions.
Also, you will be asked to bring some medical records and documents. You will get better rates if your medical problems are not that bad and can be kept under control through treatments. Simplified issue life insurance and guaranteed life insurance are common no exam policies. Simplified issue is recommended for those with minor health problems, while those with major medical issues should apply for guaranteed life. If you want to know more, talk with an insurance agent and visit some specialized sites
We provide excellent no exam life insurance quotes and we can connect you with the best insurance agencies in the US. Do not waste time and visit us. Visit our website!