Obtaining life insurance with no medical

Regardless of age, financial circumstances, or overall health, every adult needs life insurance. Life is full of unexpected moments, and life insurance is one of the few ways available to stay prepared for the unexpected. For many people, factors like age and health keep affordable life insurance just out of reach. Fortunately, there are some companies out there that offer life insurance with no medical exam, ensuring that you cannot be denied insurance coverage due to concerns over your health.

What should an applicant include in their application?

The availability of no medical life insurance should not in any way encourage applicants to conceal pre-existing medical conditions, or avoid seeing a doctor for a physical. Should you die, and it is discovered that your death was attributable to a pre-existing condition you were not truthful about in your application, the insurance policy will not pay out. When enrolling in a life insurance plan, it is important to be straightforward and truthful in recounting your medical history. It is also important to see your doctor for yearly checkups, increasing your chances of keeping in optimal health.

Those who are most likely to benefit from life insurance with no medical examination are those who are in a low-risk category from an insurance perspective; those under 45 who work in a low-risk occupation, are non-smokers, have no ongoing health concerns, and are not at risk for any inherited medical conditions that may appear later in life, such as Parkinson's Disease. The advantage of enrolling in a life insurance, without a medical, plan at an early age is that it is much easier to get approved for life insurance when younger, and in good health. In starting with a plan now, you're insuring your future. For those looking to take out life insurance in a large sum, a medical exam will likely be required. This protects everyone involved, including those who might one day benefit from your policy.

The unexpected can always happen, and it's never too soon to protect yourself and your family with a life insurance policy. With life insurance available with no medical exam, in some cases, there's little excuse not to plan for the future.