Life Insurance Without Medicals: a Good Investment?
There is nothing more important than the well—being of our families and loved ones. However, we cannot foresee our own deaths, but we can make sure that in case a tragedy happens, our loved ones will be protected and provided for.
Life insurance no exam is an important policy for providing financial protection to loved ones. It is also a simple policy which you can purchase online, without having to take any medical examinations.
It will be wrong to call life insurance an investment as you do not get any financial income in return. However, it is an investment from another point of view. By having coverage you invest in the well-being and happiness of your family. Life insurance plans pay a death benefit if and after the insured passes away. This benefit can be used by surviving family members to cover important expenses like funerals and mortgage rates.
In other words, a life insurance plan will provide financial security for your family when they need it the most. However, many plans have a complicated application process. Many people do not have time to go through the complicated medical tests. For them, there is no medical exam life insurance.
No exam life insurance works just like any other policy, but it has a simplified application process. In order to qualify for coverage, you only have to complete an application form and answer a few medical questions.
There are two types of plans that do not ask for medical examinations: simplified issue and final expense insurance. The first one is a temporary policy, while the second type provides permanent coverage. Both of these plans offer a limited coverage amount.
If you do not have time to go through medical examinations, you can purchase life insurance without having to take a physical. These plans can be bought at affordable rates by comparing online quotes.
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