No exam life insurance is better than some other life insurance

Many people today would like to avail a life insurance. It may due to the fact that people are scared of what may happen to them in the future especially when disasters hit left and right and death tolls keep getting higher. People would want to secure their future especially remove a burden from their loved ones when they go the afterlife.

These may be one of the certain reasons why life insurances today are expensive but despite of its expensiveness it sure gives you what you paid them for. Getting a term life insurance isn’t just a walk in the park or taking a candy from a baby. Availing a term life insurance requires many procedures and many papers which will go to a lot of processes. You should also be aware of the term life insurance cost and the term life insurance rates of different companies to get a cheap or affordable life insurance.

One of the requirements you will need when getting a term life insurance is a medical examination. Medical examination is a common preventive medicine in which the doctor examines you if you are healthy of checks what your sicknesses are.

Medical examinations are needed by applicants who want to get a life insurance to prove their insurability. Some people wouldn’t want a medical examination just to get a term life insurance because it consumes time. More and more people are busy these days that they want to have save time and effort.

There is a way that you can get a life insurance with out going through a medical examination. The no exam life insurance is a type of life insurance but you don’t have to get a medical examination to avail it. The difference of a regular term life insurance cost and a no exam life insurance is not much. It also goes for the term life insurance rates and no exam life insurance.
There are three types of life insurance no exam.

1. Graded benefit life insurance.
Graded benefit life insurance is a type of no exam life insurance that has no medical exams and health questions. The graded benefit life insurance is more complicated in purchases and payments rather than the guaranteed issue life insurance. The graded benefit life insurance is recommended to people who are older ranging from the far middle-aged and older people. Applicants who would like to avail graded benefit life insurance must be at least fifty years old. Graded benefit life insurance are sold pre units to the applicants despite the fact that each unit is cheap to have a significant death benefit requires a lot of units.

2. Simplified issue life insurance
Simplified issue life insurance has no medical examination but it still requires the applicants to provide some of their medical information or condition. It must be provided by the applicant during his/her application process.

3. Guaranteed issue life insurance
Guaranteed issue life insurance has neither medical examinations nor medical health questions. It is the most sure between the three types of life insurance no exam. The company can guarantee you assurance that you are not turned down.

Usually availing a life insurance takes about four to six weeks between the date of application of the life insurance and the time it will be issued. If you avail an affordable life insurance with no medical exams the time would only be in a matter of days between the date of application and the time it will be issued. No exam life insurance is also helpful to people who are not really comfortable with doctors and medical examinations.

Instead of taking a medical examination just to avail a life insurance the no exam life insurance will make things a lot easier for you. Applicants who usually avail a no exam life insurance are people who are preparing to die and intend to use their benefits for expenses at their funeral. The price is based on the life expectancy of the applicant. The better the health of the applicant the lower he/she will pay. So it is better to keep a good track of your health because you can save a lot of money just by being healthy.