No Medical Life Insurance The Hassle Free Insurance Policy

Term life insurance quotes are the best and easiest quotes to get. This is because this type of insurance is easy to understand by the common man, is affordable and the processing time is quick too. However, when requesting online term life insurance quotes, you must realize that there are many insurance companies competing with each other to make different offers. So, you must study these offers very carefully before settling on a particular company. While outwardly it could seem that all quotes are identical and offer similar coverage, it is only when you read the fine print that you will see the variations in each.

If you are young, you can get cheap life insurance because the rates are cheaper for younger people. The best way to get cheap life insurance is by undergoing a thorough medical exam. A blood test will reveal if a person uses tobacco or drugs, has HIV or other diseases like diabetes or high cholesterol levels. Using these results, the underwriters at the insurance companies will fix your premium cost. If you had answered the questions on the quote honestly the figure you first received and the final cost will be more or less the same.

Hence, if you have high cholesterol levels or you are a smoker, do not hide it because if this fact is found out later, your policy will be rejected totally. Those who come under the Preferred class will receive the lowest life insurance quote because they are considered to be in near perfect health. People under this category must opt for level term life insurance for at least 20-30 years as the insurance rates for the entire period will be constant.

Even if you opt for term life insurance don't put cost above all other aspects of insurance. Very cheap life insurance may not provide adequate coverage for the family. There is a particular insurance called burial insurance where you can get coverage for about $10,000. This may seem very reasonable, but in reality, if you take such a policy, after burial costs, your family will not be left without too much to meet the immediate expenses and to clear off debts.

Going online is the best way to start getting term life insurance quotes. You can get a quote without revealing too many personal details like social security number. A typical term life insurance quote will ask you for the following details:
Date of birth
Height
Weight
Gender
Nicotine use
Coverage type
Payment mode
Coverage amount

Provide this information, get an instant quote and using this and the comparison chart provided, you can make an informed decision.

Attending a medical exam is the best way to get cheap life insurance. Yet, so many people don't wish to go through the medical test. Such people can choose no medical life insurance offered by most insurance companies including top ones like Transamerica, MetLife, Fidelity Life etc. When you see a comparison chart for a life insurance quote whether it is term life or no medical life insurance, there will be a few questions listed and the resultant answers will be shown under columns for different insurance companies.

For example, for the question Is medical exam required? You can see under each insurance provider as to who requires one. The application process for each company can vary. For some it could be as little as 24 hours and for others a week. This is only if you opt for no medical life insurance. For other types of insurance, it could take 4-6 weeks to process since you need to wait for medical results and only then can the underwriting process commence.

Some companies don't ask for previous medical records for a no medical life insurance policy while some other companies will ask for a few medical clarifications after they receive your quote. The entire process of no medical life insurance takes place online. This the greatest advantage of no medical insurance as the applicant need not meet any agent face-to-face. There are no high pressure sales to endure and one doesn't have to wait for hours in an insurance office. The paperwork is also limited since most of the information is gathered online. So, consider all options before making a final decision.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on insurance life term and life insurance quote, visit his site today.