For those who are in search of a convenient, affordable way of secure term life insurance protection, St. Augustine life insurance with no medical exam is an ideal alternative. No medical exam life insurance policies offers various coverage amounts and terms, which is perfect if all you need is peace of mind. Most of the same benefits that are offered by medical underwritten coverage are also available through these policies, but without the hassle of a laborious application process.
Life Insurance With No Medical Exam Coverage
This type of insurance is also called non medical issue life insurance. Many customers are not even aware that this insurance coverage exists. Unlike traditional insurance policies that are issued within 4 to 6 weeks, it takes less than 24 hours to secure term St. Augustine life insurance with no medical exam.
No exam coverage is offered in three forms:
Guaranteed Issue Life Insurance – This type of coverage is also called acceptance, and during the application process applicants do not have to answer any health related questions. Anyone who applies can avail of this coverage.
Graded Benefit Life Insurance – Usually, a couple of health related questions are involved in graded benefit coverage. Unlike guaranteed issue policies, the terms are slightly more complicated, but the application process is comparatively simple. Many people who might not be eligible for a traditional product can avail of this coverage. With this type of coverage, during the first years full policy benefits cannot be availed.
Simplified Issue Life Insurance – With simplified issue coverage, the application process is completed by filing and completing an application with health related questions. The application is underwritten, but no blood test has to be submitted nor does any medical examination have to be undergone.
Advantages Of St. Augustine Life Insurance With No Exam
Similar to term policies, financial assistance will be provided to your loved ones by term life insurance in the event of your death. However, if no exam coverage is compared with traditional life insurance policies, there are numerous advantages.
The Cost of Life Insurance With No Medical Exam Coverage
It must be kept in mind that in comparison to insurance policies that are medically underwritten, generally the cost of St. Augustine life insurance with no medical exam coverage is slightly more. Traditionally, risk is assessed by insurance companies on the basis of perceived life expectations and medical evaluations. A risk that leads to higher premiums is involved when coverage is provided without a medical exam. However, many consumers opt to invest in no medical exam policies because they are able to purchase this coverage quite conveniently and easily.
Who Should Invest in Life Insurance With No Exam?
When suffering from medical complications, traditional coverage is denied, and so applicants should go for Guaranteed Issue or Graded Death Life Insurance. Those who are healthy, but do not want to undergo a medical examination or go through a prolonged application process, should go for a Simplified Issue Life Insurance policy. There is no better time to secure no medical exam coverage than now if you fall under these categories. If you want to acquire term life insurance without a medical exam or without medical questions, you should definitely go for a St. Augustine life insurance with no medical exam policy!
