Information on No Exam Life Insurance
Reader’s Question:
I do not have any complaints about life insurance companies denying my application. It’s just that, the process is very cumbersome and I would like to reapply and try something that would not prolong so much and deny me. Is there something like a no exam life insurance I can buy?
Aubrey
Dallas, TX
Howdy, Aubrey.
I am probably hearing a subtle complaint here…haha! But I guess, you should cheer up now! There is always something that you can do about the recurring decline from life insurers.
Most people who have medical conditions are the ones denied by life insurers. Have you asked why you were denied? Although most do not disclose that information but it can help to know if it is really medical status that keeps you getting denied…or something else.
Be aware that there is something called no exam life insurance, which does not normally require you to undergo tedious medical examination and underwriting process which can slow you down. Nothing can be so much worse than having to wait so long and anticipate and then get denied for coverage.
With no exam life insurance, you will no longer have to wait for so long. All you have to do is to fill out a questionnaire and you will be notified right away whether you qualify for coverage or not. Just be notified in advance that no exam life insurance can be a little more expensive than the traditional insurance policies out there.
No exam life insurance may be fast and convenient but it surely is not a guarantee that you will automatically be covered. And most importantly, even if it does not require a medical exam, if you are asked to disclose any medical information, never try to conceal such pertinent information since it will be very crucial for your policy.
Otherwise, your insurer might think you are committing fraud or misrepresentation which is enough grounds for cancellation of your policy…and you don’t want that to happen.
Hope you find this relevant and helpful at this point!
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