No Medical Life Insurance
When applying for life insurance many life insurance companies
require you to answer medical related questions and / or to
undergo a medical examination as part of the application
process. These medical examinations are often required as proof
of your health status as given on your application form. They
are used by the life insurance companies to help them decide
upon the insurance premium you'll be charged for your life
cover, and in some instances, as to whether you will be given
life insurance at all.
Life insurance products where intensive medical questioning and
/ or a medical examination is required effectively penalise you
for pre-existing medical conditions, pushing up the cost of life
cover. Taking a medical examination may also prove stressful,
especially for the elderly who are looking for life insurance
coverage later on in life.
Increasingly though, life insurance companies are offering life
insurance products where no medical is required. What's more
some life companies even guarantee acceptance before you apply!
What is no medical life insurance? No medical life insurance, to
use a well-known phrase, does exactly what it says on the tin!
It is a life insurance product where no medical examination is
required. You may not even have to answer medical questions and
yet still be guaranteed acceptance for life insurance. No
medical life insurance is open to people of all ages, so whether
you're 20 or 65, no medical life insurance can give you the
peace of mind that your loved ones will be financially secure in
the event of your death during the term of the life insurance
policy.
You may be questioning the ethics of such a life insurance
scheme at this point? If you are don't worry! No medical life
insurance is all above board, and is in fact offered by some of
the most well-known insurance companies in the UK. Even
supermarkets like Tesco for instance now have a no medical
insurance policy available for the over 60s.
The premiums on life insurance where no medical is required are
competitive too. Life cover can be acquired for as little as