Discovering the Importance of Life Insurance without Medical Exams
Sometimes traditional life insurance policies that require physicals and medical appointments prior to approval are not right for everyone. You may be reading this post because you want to know more about how to get life insurance without medical exams simply and easily. This could be for several important reasons such as the possibility that you’ve been rejected for life insurance in the past. Or, you could have a troubled health history that often precludes you from getting an approval.
If either of these are the case, you should know that life insurance without medical exams is a good option for you, but there are many more factors to discover. Unlike traditional insurance that allows an insurer to cancel an application due to a pre-existing condition or excessive health risks, no exam life insurance can be a way for many to secure the benefits of life insurance with a smaller risk of rejection. What you need to know about this alternative, however, is how the process works. Luckily, it’s quite simple and you can complete a screening with ease.
In short, what is necessary to know at the outset is that if you’ve tried everything else, including traditional insurance applications, you can find solace and remedy in no exam life insurance. But, it comes with a slight cost due to the inflated risk for the insurer who never sees your medical records or formal history. Usually prices are slightly higher on a monthly basis, and the payout of the policy is lower in some cases than traditional insurance which is why at the end of this post we provide some example policies to guide you.
At this point, it is enough to know two things:
- no exam insurance is a great option for those who don’t want a medical screening for whatever reason, and
- your insurer will never see your medical records.
Beyond that, the cost and payout of the policy will vary according to your answers to a health questionnaire, something we will get into later on. And, as a final introductory note, please know that just because insurance doesn’t require an exam, that doesn’t mean that you’ll get poor rates or payouts as a result. In fact, companies like Sproutt offer some of the best policies out there that really care about your beneficiaries and try to make the process as smooth as possible in the event of an unfortunate and unexpected passing.
What You Must Do Before You Can Get Life Insurance without Medical Exams
You may not know what the requirements of your application for life insurance without medical exams are if you have never applied before. You know they don’t need special health information, but what do you actually need to provide? Well, you simply answer a few questions about your lifestyle and the condition of your health without revealing protected information to your potential insurance company.
These questions are intended to assess the risk of your application without the results of a medical exam. They need you to simply provide accurate and honest answers to a basic set of questions so that they can tailor a life insurance solution for your goals and lifestyle. It’s also what makes up the meat of your policy since on the basis of these answers the insurance company will create a custom plan that suits your risk level and desired payout amount (as well as monthly premium). You can learn more about what Sproutt can offer you by taking a quick survey on your no exam life insurance options.
Which Plans Are There for Life Insurance Policies without Medical Exams?
There are many popular choices in the “life insurance without a medical exam” sphere of products. The examples we provide come from Sproutt’s offerings, and they are mere instances and templates that should give you an idea of what to expect. That’s because your own rates and options will vary based on your answers to medical questions that we explored and discussed earlier. Let’s get started on reviewing the many choices you have for various budgets and payout concerns.
Sprout offers a simple policy if you just seek essential and basic coverage for your family in the event of a death. For this kind of policy, you can expect to pay somewhere around $60 per month for a benefit of up to $250,000. It’s a good rate and idea for those who desire to supplement another policy or just get coverage quick and in a pinch.
Then, there is the expanded option and the extensive option. One the one hand, you could pay as little as $100 per month for a $500,000 payout. Or, you could pay a little more ($150) every month for a policy benefit as large as $750,000. Either way, these are great choices for not needing a medical screening.
Get Life Insurance without Medical Exams from Sprout
Sproutt can help you prepare for life’s unfortunate facts. Find out for yourself which life insurance solution is best for you, and get a fast, free quote on Sproutt.com. Then, you’ll see just how easy and beneficial it is to choose a no exam life insurance policy when you don’t want a medical screening for any of the many legitimate reasons.