It is a known fact that for one to qualify for a conventional life insurance policy the applicant must undergo a medical examination composed of physical examination and a number tests which usually include urine test, HIV and hepatitis test and other tests deemed relevant. After the results are released, the insurance providers through the independent medical and health care company that supervised the examination determines the eligibility of the applicant by looking closely at the health factors that may increase the probability of death of the applicant, hence the risk of the company for payout. This makes the process cumbersome and way too lengthy. While some people dislike simply the gruesome process, others hate the whole idea of being examined like a specimen, silently suffering from the pokes of injections and in the end, still getting turned down because of an abnormal sugar level or the likelihood of becoming obese. A no exam life insurance is the way to go for these people.
Still a challenge awaits them – that is determining which no exam life insurance policy is suitable to their needs and lifestyle. The claim of life insurance no exam are not always genuine but serve only as a ruse to those who are still scouting for an insurance policy. To again getting into a policy that delivers less than what it advertises, it is always wise to review, review and review until there is no one stone left unturned.
For those who are looking for low cost insurance policies, term life insurance may just be the answer they have long been searching for. Term life insurance cost is a life insurance policy that offers coverage for a specified period – or term only. The stated beneficiary will be entitled to the full death benefits, if and only if the insured expires or dies within the term agreed upon. The policy holder and his intended beneficiary will get no benefit in the event that he outlives the policy. This is the reason why this type of insurance policy is called pure or risk protection only.
Term life insurance is beneficial to those who are seeking to be covered but whose budget is limited. The term life insurance costs are quite affordable especially in these very economically demanding times. These financially constrained individuals are given the right to choose the term in this type of insurance policy and are not sucked of large sums of money monthly for their premiums. In this type of plan, substantial protection is extended at a friendly price. Again, the only catch is that no pay out will be made once a term is outlived.
With the kind of reception term life insurance policies are enjoying, insurance providers have tried to match this enthusiasm by making these policies more accessible to the general public by offering life insurance no exam. Such efforts have been realized through the creation of online insurance sites that aims to provide instant tem life insurance to those who are interested. Instant term life insurance, unlike traditional term life insurance policies, are devoid of the resident baggage that usually accompany insurance agreements. These slashed off components include documents in folders, medical examinations and agents. Paperless transactions, check. Medical examination – free contracts, check. No agent trying so hard to the point of harassing you to sign up, check.
Insurance policies are undoubtedly changing the way we look at life. And that is why even if an application for insurance policies translates to giving up one’s weekly chocolate dose or not buying that perfect fitting pants, some still go through it. Well, what are these sacrifices compared to a comfortable life for your family and loved ones, right?
Walang komento:
Mag-post ng isang Komento