Categories
    • 79 Steps (3)
    • abam (7)
    • Abam news (37)
    • Abia News (269)
    • Anambra news (2)
    • Aro News (194)
    • Arochukwu Cultural Song (5)
    • Arochukwu Culture (39)
    • Arochukwu Dignitaries (48)
    • Arochukwu Iconic Award (9)
    • arochukwu innovative exploration (2)
    • Arochukwu Music (4)
    • Arochukwu Tourist Sites (13)
    • Arochukwu Waterfall (4)
    • ASCETA News (24)
    • Biafra News (17)
    • Celebrity Profile (13)
    • Crime (20)
    • Culture (5)
    • education (11)
    • Entertainment (10)
    • Entertainment news (9)
    • Entertainments (71)
    • Histories (17)
    • History (3)
    • Igbo Bride (1)
    • Insurance (16)
    • Jobs (27)
    • News (706)
    • news. aro news (2)
    • Nzuko Aro (14)
    • Nzuko Aro News (19)
    • Politics (452)
    • Scholarship (9)
    • school news (14)
    • Sponsored (50)
    • Sports (5)
    • Traditional Marriage (2)
    • Uncategorized (169)
    • Ututu News (15)
    • Visa (13)
    Arochukwu Blog
    • LIVE TV
    • News
    • Arochukwu News
    • Politics
    • Arochukwu Tourist Sites
    • Arochukwu Cultural Song
    • Sponsored
    Arochukwu Blog
    Home Insurance Life Insurance Policy Without Medical Exam
    Insurance Sponsored

    Life Insurance Policy Without Medical Exam

    arookeigboBy arookeigboNovember 18, 2022Updated:January 26, 20231 Comment5 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Advertisement

    The existence of a life insurance plan is crucial nowadays. The financial assistance you require today or your family will require when you pass away will be handed to you by an insurance policy for life.

    No matter what age you are and whether you’re deciding to purchase life insurance at some point, you’ve been informed about a medical examination.

    Medical exams assess your health conditions to determine the type of insurance policy you’ll require and the number of premiums you’ll have each month or every year.

    There is a fact that several policies have been rescinded for those who couldn’t be able to pass the test. Why? Because insurance companies need to be sure that you’re a suitable candidate for the insurance company they’ll be putting their money into. Let’s look at it this way If your health isn’t ideal and you’re a smoker, or you’ve already been diagnosed as having a health condition likely to be able to live for all that long. That means the insurance provider will be required to provide your beneficiaries with the full death benefit even if your premiums were only 50% of your death benefits.

    This is a loss for the insurance company, but they’re wise enough to avoid taking this risk. You’ll either have to pay a huge amount of premiums or be able to get the insurance at all.

    Advertisement

    However, certain insurance policies do not require a medical examination. These insurance plans that do not require a medical exam are typically offered to senior citizens who can be eligible for the policy despite being in poor health.

    Although it may sound tempting to go with the no-medical exam life assurance policy, they’re not all that good. It’s necessary to allow the insurance company to assess the cost you’ll pay accurately. What happens if they offer excessive prices just because of a few questions? After all, it is their obligation to find the most favorable price possible, and they’ll take this action after completing the medical examination.

    What happens during a Medical Exam?

    What happens during an exam for medical reasons? What is the reason people are so scared of it? Why don’t they choose a plan which doesn’t have medical examinations or health questions?

    And this is precisely what happens.

    A policyholder has two weeks to prepare for the test and is given an exam date. They must avoid eating the day before but remain well-hydrated and drink plenty of water. Medical exams include blood tests to determine the presence of nicotine or drugs within your system. Also, the ability to check your pulse to determine the presence of blood pressure. In addition, a thorough examination of heart rate and a collection of urine samples are all performed.

    It is recommended not to smoke for at least 8 hours before your test, as it may show high blood pressure and lower the chances of passing.

    Advertisement

    In addition to all these samples, they gather your details like your identity and your height and weight measurements. They may also ask questions about your eating habits, lifestyle, and hobbies.

    A typical medical examination lasts between 20 and 30 minutes, and the insurance company sends your test results to an underwriter, who checks and then determines the results. It’s typically your insurance company that covers the medical exam. If you’re afraid of needles or clinics, you should undergo an examination to ensure that you are given the appropriate amount of premiums to your insurance policy.

    Whole Life Insurance No Medical Exam

    For those opposed to needles or test results, You’ll avoid getting a medical check-up. However, guaranteed life insurance is permanent insurance that DOES not need a medical examination.

    Here’s the problem.

    A life insurance policy that is guaranteed policy comes with a waiting period that can be up to 3 years. If the policyholder dies within this time, the beneficiaries will not receive any death benefit. Many choose life insurance policies for the death benefit to ensure financial security for their loved ones in the unlikely scenario of their passing. Why would you want this kind of policy if you’re not receiving that benefit?

    There’s a flip side to the coin as well. Suppose the policyholder passes away during the waiting period. In that case, the total amount of premiums he paid in this period is returned to beneficiaries with an interest rate of 10%. This will occur when the policyholder passes away during this waiting time if they’re lucky enough to live past the waiting period, at a minimum, the death benefits for the beneficiary.

    Advertisement

    Term Life Insurance, No Medical Exam

    Some policy types of term insurance do not need a medical exam. A term life policy – like a whole life policy can only be used for a period that spans 10-20 years and offers death benefits.

    However, how can a term life insurance policy with no medical exam function?

    It’s important to remember that even if you don’t have a medical examination, you might still not be eligible based on other criteria like the medical questionnaire or if you’re a smoker or diagnosed with a deadly health condition.

    A medical exam is not required, so there won’t be urine or blood tests. There will be no intrusion into your body’s or your house’s privacy, and that’s why you’re safe.

    The term life insurance policy that does not require a medical exam has a limit on coverage of $1 million. However, you can increase the amount per the terms of the policy and your personal requirements.

    If you cannot undergo an examination, it is still necessary to answer any medical questions. They may not be as comprehensive as you thought. However, no life insurance policy doesn’t have medical examinations. A simple questionnaire is all insurance companies should inquire about you to determine the most suitable plan.

    Advertisement

    Share this:

    • Facebook
    • Twitter
    • WhatsApp

    Advertisement

    500k life insurance no medical exam best life insurance without medical exam guaranteed acceptance lifeinsurance no waiting period guaranteed life insurance no medical questions life insurance no medical exam no waiting period life insurance over 50 no medical exam metlife life insurance no medical exam nationwide life insurance sponsored
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWhat Is Insurance Coverage? A Brief Introduction To Its Types
    Next Article How To Pass Life Insurance Medical Exam

    Related Posts

    Best Life Insurance For Kids And Its Long-Term Benefits

    January 24, 2023 Insurance
    Read More

    How Many Life Insurance Policies Can You Have? The Ins And Outs Of Life Insurance Policies

    January 24, 2023 Insurance
    Read More

    Best Life Insurance Companies By Sproutt – What Are The Benefits Of Using Sproutt?

    January 22, 2023 Insurance
    Read More
    View 1 Comment

    1 Comment

    1. Pingback: How To Pass Life Insurance Medical Exam – Arochukwu Blog

    Leave A Reply Cancel Reply

    Latest Posts

    GOVERNOR OKEZIE IKPEAZU CONGRATULATES GOVERNOR ELECT, ALEX OTTI

    March 22, 2023

    Bond Ohuche, AAC Guber Candidate Congratulates Alex Otti Urges INEC To Do The Needful

    March 21, 2023

    Nzuko Aro Youth President Calls For Immediate Declaration Of Alex Otti As Winner Of Abia Guber Election

    March 21, 2023

    2023: Arochukwu Senior Citizens Declares Support For Alex Otti

    March 15, 2023

    Tenth National Assembly: A Fair Bargain For South East Overdue

    March 12, 2023

    Arochukwu Local Government Students Endorses Hon. Mike Ukoha For Second Tenure

    March 7, 2023

    Disfranchised Electorates of Arochukwu and Ohafia Trooped INEC Office Umuahia in protest

    March 6, 2023

    Ukoha Flags Off Amannagwu, Ujari And Amasu Road

    March 5, 2023

    Abia Reps: Chief Dan Okeke Visits Ihechiowa, Assures Massive Developmental Projects

    February 19, 2023

    Gov Ikpeazu Gifts Brand New Customized Tricycle (Keke) to Cross River Born Crippled Beggar

    February 19, 2023
    Recent Comments
    • Best Life Insurance For Kids And Its Long-Term Benefits - Arochukwu Blog on What Is Insurance Coverage? A Brief Introduction To Its Types
    • Best Life Insurance For Kids And Its Long-Term Benefits - Arochukwu Blog on Best Term Life Insurance Companies Consumer Reports
    • Best Life Insurance For Kids And Its Long-Term Benefits - Arochukwu Blog on How do Life Insurance Agents Get Paid?
    • How Many Life Insurance Policies Can You Have? The Ins And Outs Of Life Insurance Policies - Arochukwu Blog on How To Pass Life Insurance Medical Exam
    • Aro Okeigbo Blog Town Hall Series – Arochukwu Blog on Methodist Church Honours Aro Okeigbo Blog Boss With Pace Setter Award
    • Aro Okeigbo Blog Town Hall Series – Arochukwu Blog on About Aro Okeigbo Blog
    Popular Topics

    What Is Insurance Coverage? A Brief Introduction To Its Types

    By arookeigboNovember 18, 20221
    Read More

    Best Life Insurance For Kids And Its Long-Term Benefits

    By arookeigboJanuary 24, 20230
    Read More

    How Many Life Insurance Policies Can You Have? The Ins And Outs Of Life Insurance Policies

    By arookeigboJanuary 24, 20230
    Read More

    Health Insurance Blood Test What Are They Looking For?

    By arookeigboNovember 18, 20220
    Read More

    How To Pass Life Insurance Medical Exam

    By arookeigboNovember 18, 20221
    Read More

    Best Life Insurance Companies By Sproutt – What Are The Benefits Of Using Sproutt?

    By arookeigboJanuary 22, 20230
    Read More

    Life Insurance Policy Without Medical Exam

    By arookeigboNovember 18, 20221
    Read More

    How To Become An Insurance Agent?

    By arookeigboNovember 18, 20220
    Read More

    Best Term Life Insurance Companies Consumer Reports

    By arookeigboNovember 18, 20221
    Read More

    What Is A Guaranteed Issue Life Insurance Policy?

    By arookeigboNovember 18, 202211
    Read More
    © 2023. Designed by Webfliqs.
    • LIVE TV
    • News
    • Arochukwu News
    • Politics
    • Arochukwu Tourist Sites
    • Arochukwu Cultural Song
    • Sponsored

    Type above and press Enter to search. Press Esc to cancel.