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No Medical-Exam Life Insurance is exactly how is sounds, no medical exam is needed for this type of life insurance. There are many advantages to this type of insurance, but there are also disadvantages too. There are many rumors out about this type of insurance. One of the biggest ones are that you have to be young and in perfect health to get accepted for this type of insurance. That is not exactly true.

Some of the advantages are the application process if fast and simple. There are also flexible payment plans. The policy is renewable at the end of the term. You receive immediate coverage. There are no obligations or risk attached to this type of insurance. Most insurance policies come with a 30 day money back guarantee. There are no lengthy forms to complete as with other types of insurance. You can receive coverage from $50,000.00 to $250,000.00. The rates are guaranteed. They are affordable. There are terms available for 10, 15, 20 or 30 years. There is no follow up necessary. It is easy to qualify for. The Underwriting is done very quickly. No Medical Exam Life Insurance offers the same benefits as a policy requiring a medical exam.
Here are some disadvantages to No Medical Exam Life Insurance. This type of insurance is not intended for individuals with serious health conditions such as Mental disorders, nervous disorders, cancer, HIV, AIDS, lung disorders, diabetes, stoke, heart disease, liver disease, This type of insurance is available in term policies only. No all applicants are accepted.
Whenever you are purchasing this type of insurance be sure to do your homework. Find as many term insurance companies with no medical exams as possible. There are hundreds of them on line but not all are real. Do extensive research before you fill out the paperwork and begin to pay the premium. Always ask for more information regarding the company as well as the policy before you focus on a certain company. Be sure that the benefits that you will receive will actually compensate the absence of the medical exam. Do not just look at the fact that you do not have to undergo medical exams just to get the insurance. Be aware that some companies who provide no medical exam life insurance also have higher premiums. Make sure you shop and compare quotes. When you have finally found a company that is reputable, make sure that you understand everything that has been stated in the terms and conditions. This way you will never regret your decision to accept a term life insurance with no medical test instead of the other.

Learn more about this author, Linda Robbins.
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