No Exam Life Insurance Greensboro North Carolina NC
Reader’s Question:
Age and health are great factors that affect decisions when buying life insurance here in my area, would these be vital with no exam life insurance? Is my life insurance reliable if my health is not-verified?
Jovir
Greensboro, NC
Yes it is true that health is a major determinant of a life insurance premium and allotted coverage. No exam life insurance provides no way that health can be verified to adjust the premiums. Hence, it only has a fixed price and plan. This insurance is a product that is made with the balance of insurance risk and the patient’s convenience under a contestable period. All life insurance should have a government mandated contestable period which is the time when the policy can be modified or cancelled should there be information that is not fully revealed on the application.
No exam life insurance passes through a period of two years and holds a small coverage amount with high premiums. This is not used as a basic life insurance because of its low coverage and high premiums. If used, this will not cover the appropriate death benefit for the dependents but can however, be used as increment to the existing policy. The no exam life insurance is appropriate for those who are insured and developed disease in the current year. You will need additional life insurance for you to have more coverage.
For you to be assured of a reliable policy, can always contact a local insurer in Greensboro, NC.
Tags: instant life insurance, no exam life insurance
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