Choosing a life insurance company

There are some instances where it is possible to apply for life insurance with no medical exam. When you apply you will be asked to answer questions that pertain to your particular circumstances. The answers to these questions ensure that the life insurance company will be able to give you the most accurate quote possible. They will also help the insurance company in determining whether you are a good candidate to apply for no medical exam life insurance.

What do life insurance companies judge me on?

There are number of different factors that may affect the premium that you are quoted by the life insurance company. The most prominent factors that are taken into consideration include; your age, occupation, sex, whether you smoke, your overall health. These factors will have an influence on whether you recieve no medical life insurance. Other factors affecting your premium are the level of coverage and type of contract that you have chosen to apply for. In most instances, your premium will be lower or higher based on your age. Life insurance companies deem an older person a greater life insurance risk. Other factors that are assessed in determining your premium amount include your lifestyle, weight, height and medical history.

When the life insurance company has evaluated the above factors, they will then decide whether you qualify to apply for life insurance with no medical exam. If you are accepted on the standard terms of the company's life insurance, and are in good health, then there is a good chance that your application will be accepted for no medical exam life insurance. If, however, you are interested in insuring for a very large sum, then a medical exam may still be required. You may actually benefit from a medical exam in some instances, since a medical professional will have documented your medical history and status.