Archive for the ‘Insurance’ Category
Many people who are considering getting life insurance have health problems. For whatever reason, when you get sick or you think you might be sick – you then start thinking about getting life insurance. Is it possible to get life insurance without having to have your blood drawn, have a physical exam and have all sorts of tests run?
Yes, and the policy is called a no exam life insurance policy.
The good news is that it is possible to get the policy, the bad news is that if you are unable to prove that you are a “normal” risk to the life insurance company then you are going to pay more. Sometimes much more, sometimes just a bit more — it all depends on the life insurance company and how they rate you.
Another question that some people ask is “how much life insurance can I get without an exam?” and the answer is “it depends, but probably not very much”. Some companies allow up to $50,000 some allow up to $250,000, but you will be hard pressed to find a company who will write more insurance than that on a no exam life insurance exam.
Chances are if you are wondering if you can get a no exam life insurance policy, you know something “isn’t right” and you are prepared to pay a high premium and not have a high insured limit — but you also know that something is better than nothing.
