If you are interested in getting a term life insurance without having to undergo lengthy physical exams then it might be because you cannot stand getting examined by doctors, you have an underlying condition that prevents you from getting a traditional type of insurance, or you need to get insured right away, no questions asked. There is actually some good news for you, because recently it has become possible for people, who like you, have one reason or another why they would not or cannot undergo a physical examination.
There are actually two ways that you can get term life insurance with no exams. The first method is to purchase a simplified issue policy, and the other is to avail of a guaranteed issue policy. You can get either one of these policies without the need for any type of medical exam, you do not even need to undergo a simple urine or blood test. The only thing that is required of you is to answer a couple of questions regarding your health; if you manage to give favorable answers and the insurance company was able to verify them, then you will be issued a policy.
The only problem with term life insurance with no exams is that the insurance provider is taking a great risk on you since they do not know anything about your medical history, the bad news here is that they will be charging a much higher insurance premium to cover said risks. With some companies, the no exam life insurance policies usually cost around three times as much as insurance where you have to undergo a medical exam. But there are a couple of ways that you can actually save some money on a “no exam” insurance policy.
One of the easiest ways to obtain a no exam life insurance requires that you be in top physical shape, then all you have to do is apply for a traditional insurance, then ask for a “temporary” policy. You may need to undergo some light physical examinations but you can actually get your insurance within the day. Keep in mind though that a temporary insurance policy does not have the same kinds of benefits as traditional insurance, and you may want to clear these things up with your provider.
Remember that this method can only be used if you are in good physical condition, so if you have an underlying ailment that can be seen even with a slight physical exam, then you need to think of another way to get insured.