The requirement of a medical check-up before qualifying for a Life Insurance is a widely accepted notion. However, it is interesting to know that a person can get a Life Insurance without any medical exams. This is known as a No Exam Life Insurance. In case of a No Exam Life Insurance, a person is offered a definite term period to choose from, for this Insurance. The premium rates are usually much higher than regular Life Insurances, while the benefit amount is lesser than the amount returned for regular insurances. In case of higher benefit amounts, the insurers are required to pay an increased rate of premium, which is not acceptable. Therefore, a lesser benefit amount has been decided for the fixed term of insurance.
No Exam Life Insurance is also known as Simplified Life Insurance or Guaranteed Issue. This kind of insurance is particularly beneficial for those who have some health issues and people who do not qualify for other Life Insurance programs. In order to apply for such insurance, a person requires to fill the forms online or manually. The person has to answer a number of questions, based on which the agents of the companies assess the qualification of the person.
Most of these companies offer a grace period of a month, to extend the payment of the premium, instead of closing the policy immediately. It is important to know that some companies have very strict rules for No Exam Insurance coverage, where only young people with sound health qualify. However, there are other companies that cover people with certain health problems. It is recommended to be honest and provide correct information to the company. It is very important to compare and check the premium rates and benefit amount offered by the different companies, before selecting one.
In the present age of unpredictability and uncertainty, it is imperative to get insured. It is beneficial for every individual to opt for an insurance program that would cover the loss of any unwanted incident and provide an emotional assurance. Numerous insurance companies offer a variety of policies to choose from and get insured. These plans vary from individual to group insurances, depending on preference and suitability. They offer customized packages to suit personal requirements and benefits. The policies are designed to cover the customers in health emergencies that have an effect on their financial standing.
The products under Individual Life Insurance include Whole Life Insurance, Universal Life Insurance, Equity Indexed Life and Annuity Products and Term Life Insurance Quotes. Other than these there are Health Insurance plans, classified as basic, economical and high value plans. Each plan has separate terms and conditions, premium rates, benefit amounts and criterions for qualification. However, the dividends offered by these companies are not guaranteed and may change at any point of time.
Guaranteed cash value is offered by most of these companies and grace period is offered for financial setbacks, to extend the closing periods. Additional benefits can be added to the policies by paying extra premium.
Most of these companies offer a grace period of a month, to extend the payment of the premium, instead of closing the policy immediately. It is important to know that some companies have very strict rules for No Exam Insurance coverage, where only young people with sound health qualify. However, there are other companies that cover people with certain health problems. It is recommended to be honest and provide correct information to the company. It is very important to compare and check the premium rates and benefit amount offered by the different companies, before selecting one.
In the present age of unpredictability and uncertainty, it is imperative to get insured. It is beneficial for every individual to opt for an insurance program that would cover the loss of any unwanted incident and provide an emotional assurance. Numerous insurance companies offer a variety of policies to choose from and get insured. These plans vary from individual to group insurances, depending on preference and suitability. They offer customized packages to suit personal requirements and benefits. The policies are designed to cover the customers in health emergencies that have an effect on their financial standing.
The products under Individual Life Insurance include Whole Life Insurance, Universal Life Insurance, Equity Indexed Life and Annuity Products and Term Life Insurance Quotes. Other than these there are Health Insurance plans, classified as basic, economical and high value plans. Each plan has separate terms and conditions, premium rates, benefit amounts and criterions for qualification. However, the dividends offered by these companies are not guaranteed and may change at any point of time.
Guaranteed cash value is offered by most of these companies and grace period is offered for financial setbacks, to extend the closing periods. Additional benefits can be added to the policies by paying extra premium.
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