No Health Exam Life Insurance
Reader’s Question:
I want to take advantage of this no health exam life insurance for my coverage here in Arizona but I wanna know some things about it first. Are there any limitations on this kind of life insurance policy?
Ivana
Mesa, AZ
For people who are not in good health and for those who don’t want to wait several weeks to get their life insurance policy, they can opt to get no health exam life insurance. The benefits of this kind of policy is that you won’t be required to undergo a medical examination; it is usually issued faster than the usual life insurance policies; and it can be applied in the privacy of your own home by going online.
To answer your question, yes, there is a limitation to this kind of life insurance policy. The majority of life insurance providers have a limit of $500,000 so you can’t get as much coverage as you would with the usual life insurance policy; however, if what you need is $500,000 or less, then no health exam life insurance is all right for you. You should be in general good health as well so if you have pre-existing medical conditions, it is better off that you choose the usual life insurance policy that has health examination. Certain medications for blood pressure are acceptable, but you will not obtain the top health score.
You have to be totally truthful about your medical history since a life insurance provider would check on your health background and, in certain instances, your driving record through several databases. In the event that you have had drunk driving citations or recent speeding violations, then you won’t be accepted for a no health exam life insurance.
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