Everyone wants a painless and easy approach when it comes to
purchasing life insurance. That can actually be a reality if you
know what to look for when shopping for life insurance. The
painless part has every thing to do with the cost. Term life
insurance is by far the least expensive of all forms of life
insurance. Easy has everything to do with making a life
insurance purchase that is simple and time saving. That points
to purchasing insurance that requires no medical exam. These are
called the non-medical limits by most insurance companies.
That's the good news. The bad news is that the non-medical
limits get very restrictive as you get older. Life insurance
companies need examinations to underwrite policies as we get
older.
If painless and easy is your goal then it behooves you to shop
for the largest face amount of life insurance that you can
purchase without a physical exam. The medical insurance bureau
is used by almost all life insurance companies to investigate
the medical background of all of its applicants. The MIB may
have medical information on an applicant that may eventually
require a medical examination or a rejection of the application.
Do not seek a non-medical insurance policy to hide a
pre-existing condition. A future claim may be denied because of
misrepresentation on the application.
Try the marketplace and research the non-medical limits. If you
are in good health and have no pre-existing condition then a
life insurance purchase without an exam is a definite time saver
and will make life easy for you and the insurance company. Make
sure that you divulge all of your medical history on the
application as well as your primary care physician. Annual
physical exams and regular medical check ups are viewed as a
positive by life insurance underwriters. There you have it. You
have enough information to implement a painless and easy
strategy for your next term life insurance purchase.
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