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Friday, 29 October 2010

Is Life Insurance With No Medical Exam More Expensive?

Usually, these types of policies are more expensive. This is because the insurance company is your responsibility to provide information about your health and disease or history, and this entails risks, on their side. Naturally, they charge higher premiums for life insurance without medical examination than they do for people who undergo a physical examination.

Some insurance companies tout adult rates on-line "from $ 3.49 a month" this type of coverage. Others offer coverage of $ 1 per month first and then prices are based on the current era, is guaranteed life insurance policy. Usually, this type of life insurance is the term life insurance premiums and may be in the range of $ 300 per month.

You can choose different amounts of coverage - from $ 5000, $ 10,000, $ 20,000, $ 30,000 and $ 50,000. Of course, a higher amount of coverage you select, the more expensive life insurance premium no medical examination.

In general, these types of life insurance is an excellent supplement to existing insurance or insurance that you by your employer.

The younger a person is healthy and has no existing medical conditions may, however, tend to get the life insurance policy no medical exam for the cheapest premium.

There are also brief life insurance known about life insurance guarantee. Premiums for these policies are generally very high. The coverage of these policies, which do not require a medical examination is very low. They are attractive to the elderly or overdose and is best used to supplement existing insurance, rather than acting as life insurance.

What You Should Do

If you do not have time for medical examination, or do not want to go through all the problems - and you will understand that the reward will most likely be more expensive - consider carefully a number of insurance companies offering life insurance policies no medical examination.

*Be certain to compare amounts of coverage, rates, and any special offers.

*Check the insurance company’s A.M. Best rating and Better Business Bureau rating.

*Carefully check the terms, conditions and eligibility requirements of the policyowner offered by the carrier you pick – to make certain it’s what you need and/or require.

*Answer all questions honestly and – in case you provide misleading information that the insurance carrier later discovers, they can deny or cancel your coverage.

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