When applying for life insurance one of the main questions I get is :
Should I get a medical exam?
For instance, many people do not like getting physicals or going to doctors. With a no medical exam life insurance you can qualify for the same riders and coverage than a fully underwritten policy with a medical exam at a slightly higher price.
We’ll go over some reasons why getting life insurance with a medical exam, as a result you will know if it’s going to be a good idea or not. You can click on the links below to read a specific section or just read the entire post.
- Life Insurance Without Medical Exam
- Advantages of life insurance with no medical exam
- Disadvantages of life insurance with mo medical exam
- Have pre-existing conditions should I do non-medical
Life Insurance Without Medical Exam in Florida
What is life insurance without a medical exam? This type of life insurance is favored by many who are looking for quick underwriting, don’t like needles and are willing to pay more on average.
When you don’t do a medical exam then underwriting goes off the medical records, driving records, prescription records and of course what was answered on the actual application.
No medical exam life insurance is good for people looking for things such as mortgage protection, key person business insurance and income replacement that need something issued quickly.
Let’s go over some advantages and disadvantages of life insurance without a medical examination.
Advantages of Life Insurance with No Medical Exam in Florida
These are some of the advantages:
- Quick issue time, in some cases immediate issue.
- No needles or probing
- Usually up to $400,000 with no medical exam (depending on company)
- Living Benefits can be included in many
Disadvantages of Life Insurance with No Medical Exam in Florida
- On average the premium are more expensive with no medical exam
- Can’t qualify for better rates such as preferred
- Usually just standard rate of non-tobacco or tobacco
- Underwriting can’t see how your health is right now, just go off previous health history
Have a pre-exisiting condition should I do a no-medical exam
For many that have pre-exisiting conditions such as high blood pressure, diabetes, high cholesterol, history of cancer and so on, it might be best to do it with a physical exam for underwriting.
Before doing an application we can submit your conditions to underwriters with many companies. Within 2-3 business days they will tell us which would be a good fit for your specific situation.
Get a Quote for no medical exam
Give us a call at 786-236-1792 or send us a message on Facebook so that we can give you a quick quote. We represent different companies to find the best fit for your needs and budget. Best of all we do everything by phone or video chat so that you can be in the comfort of your home or office, not stuck in traffic or having to pick up the house because some stranger is coming over.
You can also learn more about the advantages and disadvantage of getting a life insurance with a medical exam in Florida.