No Physical Life Insurance

A lot of people find the underwriting process of life insurance companies to be quite troublesome. Furthermore most companies often require their clients to undergo physical exams as well as blood and urine tests. These medical tests help the insurance company determine the level of risk that you present for their business. However nowadays there are a lot of options that allow you to get insurance without taking any medical exams. If you are looking for a no physical life insurance you might be interested in the following options.

Online acceptance is the latest insurance acceptance process. Although a lot of companies have websites where they present their products as well as their contact information, some companies go beyond the simple marketing interface and even run their businesses online. These companies can offer no physical life insurance and some even have a guaranteed acceptance policy. This means that all people are eligible for insurance. Furthermore the acceptance process can take as little as 10 minutes. This is by far the easiest way of buying life insurance. However you must keep in mind that this types of insurances usually come at higher than average life insurance quotes. This means that in the long run you might end up losing a lot of money.

Another type of no physical life insurance is called a simplified issue. These type of policies require no medical exam. However depending on the company selling the insurance you might be asked to provide medical records as well as motor vehicle records. These will be used in order to determine whether or not the information on your application matches your history. On the upside, simplified issues can be approved within 48 hours of the application. Unlike traditional insurance that can even take up to six weeks, if you buy insurance with a simplified issue you will save a lot of time and trouble.

Last but not least a guaranteed issue is also a very simple no physical life insurance plan. In order to be eligible for such an insurance an applicant must answer four simple questions: Does he smoke? Does he live in a nursing home? Does he suffer from a terminal illness? Does he have AIDS? Based on these questions the insurance companies determines a basic level of risk for the applicant. As long as the customer answers no to all the questions above he will be accepted. The simplicity of these insurance processes may temps an applicant to lie in order to be approved or get small rates. However keep in mind that if your lie was to be discovered after your death your family wouldn’t receive any benefits and your money will have been completely wasted.