mortgage life insurance no medical exam

The policy covers a specific number of years. For example, 5, 10, 15, 20, etc. The policy ends after the expiration date.

It has no time limit. It can last for a person's entire life, as well as the coverages and the premiums.

An insurance company cannot evaluate your health and lifestyle without access to health-related information. Higher premiums offset the risk of offering insurance without conducting a health examination. You may still be eligible for traditional life insurance policies with a lower premium if your medical condition is well managed. Compare life insurance quotes before you decide to get life insurance without a physical exam.

However, it is important to ensure that your beneficiaries are provided for in certain areas. Family members can feel many strong emotions after the death of a loved member. Funeral costs can be overwhelming. People who do not need to pay a large sum to their beneficiaries can arrange for life insurance to pay for their funeral expenses.

There are two types of traditional life insurance policies. Permanent and Term. Whole Life Insurance is the most common type of permanent life insurance.

Ask your agent about this option. It can make the process much easier.

This type of policy's premiums are typically higher than those that have a traditional health exam. You may have coverage that is between $25,000 and $300,000 depending on what your evaluation revealed. You may have simplified issue insurance written, depending on whether you have term or whole life coverage.