What Are Your Questions About Life Insurance Physicals?

A life policy, that does not require a life insurance physical, really appeals to many individuals.  Look into some of the large positive aspects of skipping an insurance exam.

• You will not need to make time for the session. This one particular advantage, on it’s own, often persuades people to skip the physical.
• You also get to defense your privacy a touch better. You may not want an insurer to find out every little thing about your blood testing.
• Ultimately, it is much less complicated to get these policies. You simply complete an application. Generally you can even do this on the internet, or you can get an application that you can easily send in.

Some people may get a better price if they go ahead and take the exam. If you are very healthy, and have nothing to lose by having an insurer check your blood, urine, weight, etc., you may find that it is worth your time to go ahead and get weighed and measured. Many people would never get those super-preferred rates anyway, and it might not make that much difference.

Life insurance physicals are not usually that big of a deal. A para-medical examiner may visit you at home, or you may visit an office. You may need to get weighed, submit urine, etc. Sometimes they may require blood. In unusual cases, you may even need a doctor’s visit. In most cases, the insurer picks up the tab.

If you are unsure about your own situation, consult a good life insurance agent and learn more about the pros and cons of life insurance physicals!

A good agent should have a lot of experience with people who fit your basic profile. He or she should be able to estimate the difference between taking a medical exam or skipping it. However, the final decision will be with the underwriting department at the insurer. If you learn a bit more about how these policies work, it will also help you make a good choice.

No Medical Life

You should know that no medical exam life insurance is not your free ticket to hiding a health problem from insurers. Most policies will still require a health application, and you have to be truthful in your responses to comply with laws in your state. No medical exam life insurance can, however, save you time because you will not have to schedule a physical exam.

You can learn more about no medical exam term life here.

Guaranteed Issue

There are some no questions life insurance policies which do not require a health application. These guarateed issue policies usually will have these drawbacks though.

• They are only for fairly small death benefits.
• You may have to satisfy a waiting period before the full death benefit will be paid.
• They will probably cost more per unit of coverage.

Fully Underwritten

A fully underwritten policy usually means that you took the time to answer detailed health questions. Sometimes the insurer will ask for a physician’s statement or even require a physical exam.  These steps are extra trouble for you, though the insurer usually foots of the bill of any extra requirements they have.

These extra steps are also your ticket to more coverage at cheaper life insurance rates because the insurer is not guessing the worst.  They are fully aware of your health situation, and so they can make you their best offer.

Health Conditions

• If you do have a health issue, the insurer considers your ability to control it. For example, many insurers will insure people with controlled diabetes at the standard rate. They may, however, decline an overweight diabetic who also smokes! If they do accept the risk, they will certainly charge more for it.

There are a lot of ads on TV for guaranteed issue life insurance policies. They seem to concentrate on the senior market. It surely sounds attractive! And the ease of the application process, plus not having to worry about being declined for ill health, make it a good alternative for some people.

If you are wondering if guaranteed issue life insurance for seniors is a good idea, you will probably want to understand the difference between it an a regular (simplified) issue policy.

Understand that this type of policy probably does NOT have an immediate death benefit. There may be a waiting period of 2 – 3 years before the full benefit is paid out. If that is not satisfied, because the person dies before the time period, the contract may allow a partial payment or may just refund the premiums.

On the other hand, if you are in reasonably decent health for your age, you may very well qualify for a simplified issue policy. The premiums should be lower, and it should have an immediate death benfit.

Different people have different goals they want to satisfy with a senior life insurance policy, and there is not one right policy for everybody. But be sure and understand what you are buying.

If you are in the market for a life policy, there are a couple of things to keep in mind.

• There are different types of life policies on the market. There is no use asking which one is best. It is a matter of finding out which one is best for you? Your own best choices will depend upon your needs, plans, and budget.
• Insurers are different.You can find quotes for the same basic type of policy from a dozen different insurers, and you will get prices that can vary by hundreds of dollars a year in premiums. Spread out over decades, this can add up to thousands of dollars.

Before they had online life insurance quotes, it was really tough to shop around. You may have to call and set appointments with multiple agents. Each one was very motivated to sell you something. That is not to say these agents were bad, but just that they all had an agenda. This could be time consuming, and sometimes it could even be very stressful for consumers.

These days, you can start weeding out insurers with web based quoting systems. The computer system will start doing the hard work, and you will end up matched with 3 to 5 top life insurance companies that want to compete for your business.  This is a very simple way to find the best life insurnance quotes for a consumer like you!

After you have selected some good choices, it is probably time to call an agent to ask more questions. These days, you can do a lot of this over the phone or with email too. The idea is to shop in the best and most efficient way you can, and this can be done with online life insurance quotes!