Most life insurance policies require you to have a medical exam to make sure you're in good health. However, non medical life insurance policies do not have that requirement. The catch is that these policies often come with higher premiums than standard policies. Here's how you can get a low rate on a non medical policy.
Why Do These Policies Cost More?
Non medical policies cost more because the insurance company is taking more of a risk. For example, after you take out the policy, you could die of an illness you don’t even know you have.
Non medical policies cost more the older you are. Since people under age 35 have fewer health problems and are less likely to die from an illness, they are less of a risk for an insurance company.
If a Non Medical Policy Costs More, Why Would I Want One?
There are two main reasons you might want this type of policy:
* You do have an illness or a poor medical history and haven’t been able to obtain coverage under a traditional policy.
* You want a policy quickly without the time it would take for a medical exam.
Where Can I Get a Cheap Rate?
The best way to find a cheap rate on a non medical policy is to fill out a simple application at an insurance comparison website. You may have to answer some questions about your family’s medical history and your lifestyle. Otherwise, there will be no specific medical questions.
Once you submit your application you'll receive quotes from multiple A-rated companies. You can then review the quotes and select the best one for you.
The best insurance comparison websites offer a chat feature, so if you have questions as you complete the application, an insurance professional is available to help you. (See link below.)
Visit http://www.LowerRateQuotes.com/life-insurance.html or click on the following link to
get non medical life insurance rate quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section.
The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a number of articles on non medical life insurance.
