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Home > Life Insurance > Applying For 'No Medical' Life Insurance Applying For 'No Medical' Life InsuranceAuthor: Kirby Cranson When you're applying for life insurance, many times the companies you deal with will have you answer some medical related questions. They may even have you undergo an examination, as an included part of the application process.The examinations are used as a proof of status of your health at the time of application. The results will be used in determining what type of premiums they can offer you, or if they can offer you insurance period. Whenever you're required by the insurance company to be examined or there is very intense questioning, then you can be penalized for any pre-existing conditions you may have. This can drive your costs up substantially. It can be a very stressful endeavor. Thankfully today, however, there are many companies who are willing to offer you insurance without exams, and some may even give you a 'guarantee' of acceptance even before applying. So what is 'No Medical' life insurance? It's just what it says. You needn't worry about any examinations with this type of insurance. There's a chance you may not even have to worry about answering a lot of questions. And yet you are still guaranteed to be accepted! This type of insurance is available for any age group, and can be a source of comfort to those who will be carrying on after your death. It provides financial security for them in order to accomplish this. You may be wondering, "Is this ethical?" Well, you needn't worry. This type of life cover is perfectly legit. It's very popular even among some of the best and most well-known insurance companies. Many employers are now carrying it for their employees as well. So you don't have to worry about it being a legitimate type of insurance. It's solid. Another thing about this 'No Medical' life insurance, is that premiums among the companies are quite competitive. You can get life cover for a very good deal if you're a little savvy in your comparison shopping. Some companies will guarantee that if you sign with them, your premiums won't go up for the life of your policy. The monthly payments you put into your policy will be what determines your total death benefit. But you'll have the option to increase the amount you pay per month at any time you want. This is a good option to have, allowing you to make a better investment, but leaving it totally up to you. Kirby Cranson spends much of his time reading and writing about personal finance topics and issues, especially credit card tips and life insurance. Other Recent Insurance Smart Book Articles:
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