There are now a number of insurance companies operating that offer no medical exam term life insurance policies. So to make sure that you opt for coverage that is most suited to you as well as being the best value you need to make sure that you shop around in order to gain quotes and rates from several different companies.
Term life insurance that doesn’t require a medical exam is proving to be highly popular with a number of people and it is easy to see why. You complete one short online form and receive your quote. If you are happy with this quote you fill out a few health related questions and in a matter of minutes you will know whether you qualify for the coverage; if you do you place your payment and once this is processed you simply print out your policy. Basically it is one of the quickest and easiest policies to get hold of so it’s no wonder so many people choose to take this coverage out.
Looking into the different rates that are available and requesting a good selection of quotes before making your decision of which coverage to take out will ensure that when you do gain your coverage you get the best price going with a policy that is tailored to best suit you. The last thing that you want to be doing is to rush into the first policy that you come across so set aside some time and figure the following out:
How long do you want to take the policy out for? Term life insurance with no medical is generally available in 5, 10, 20 or 30 year intervals. In general you would probably be paying the same amount for 5 years as you would for 10 so you may as well go for the full 10 as once the premium is determined for the policy, rates remain fixed for the duration of the policy. However, if the term expires and you wish to renew the policy, rates are liable to increase.
One way that you are able to get the most from the rates that are available for term life insurance with no medical is to pay for your policy annually. Paying annually will in fact save you up to 20% off your premium. This is only possible however if you can afford to do so, which a lot of us can’t. If paying monthly is your only option then you need to ensure that the coverage you take out is low in cost but high in protection, the best way to achieve this is to get a policy that, if the worst were to happen, would match your wages, leaving your loved ones financially safe.
So think about how much you earn in a year and how much you get paid monthly. You need to gain rates that reflect the amount of money you are paid but you need to do this in a way that covers several years. So multiply the amount that you earn by the length of cover you are taking out and you will start to gain some sort of idea of the amount of money you need your insurance to pay out if the worst were to happen.
When you have a rough idea of the amount of coverage you need you will be able to get quotes that fit this as well as quotes that ensure your premium is most suited to the length of time you need your coverage for. Remember there are a number of insurance companies that offer you term life insurance with no medical so don’t let your choice be limited. Look into the rates on offer from a wide selection of companies and request quotes from each of them; only when you are completely happy with your choice should you pursue a policy.
One of the most sought after forms of life insurance at the moment is defiantly term life insurance with no medical exam. A lot of us are considering this insurance not just because of the benefits that a term policy brings but mainly because there is no physical exam involved in being accepted for this policy.
You could be the healthiest person walking around. You might eat right, never smoke and exercise regularly but if you partake in certain activities or have specific hobbies you could see an increase in the amount of life insurance that you end up paying. Insurance companies like safe bets so if you have a thrill seeking streak you could end up paying large rates but if you do have a thrill seeking streak, life insurance is something that you can’t afford not to have.
There is a lot of money to be saved by simply selecting the right life insurance company has never rang so true if you are a smoker. As a frequent user of tobacco you will more than likely already be aware of how hard it can be to gain an affordable insurance policy. However search correctly and you will discover there are a number of companies out there who will offer you some of the most competitive rates available.
Over the years a lot of people will have sadly fallen into the trap of buying a life insurance policy that is completely wrong for them. This could be down to a lack of knowledge of the insurance industry or it could have been due to pushy sales representatives. To stop this happening it is extremely important that when you come to purchase a policy that you do your research. Make sure you know exactly what you are getting into and that the policy you choose is the one to benefit your individual circumstance the most.
Over the past few months the country has slumped well and truly into an economic downturn; said to be the worst in 50 years. The problem however actually started a few years before this; 2004 to 2006 when interest rates rose from 1% to 5.35%, which triggered a slowdown in the US housing market. The economic downturn generally means there is a shortage of money and credit available to people, which is why in these harsh times a lot of us are starting to cut back on our expenses.
Life insurance is designed to protect your family if the worst were to happen and you were to pass away. It is a concept that should be embraced by everyone, regardless of your situation. It is because of the fact that not everyone is in the same situation when it comes to their insurance that there are a number of policies in existence for you to choose from. One of these policies is term life insurance.
To a lot of people life insurance isn’t something that is well thought out, many of us merely associate it with something that covers the cost of funeral expenses. Although this is true to a certain extent, there is a lot more to it than just that; in reality life insurance is something that should be taken out to replace the lost income of a loved one who is no longer around; it is because of this that it has become an important part of your financial planning.
If you are relatively young and you are in the process of raising a family you will do anything to protect your loved ones, which is why gaining life insurance is vital. This is one of the most responsible decisions that you can make in order to ensure your family are financially secure so they can live the quality of life they deserve.
No one likes the idea of having to face their own mortality and to many sorting out life insurance makes you do just this. Even so I would confidently say that everyone should have a life insurance policy, especially if you are part of a young family.
Life insurance premiums don’t have to be expensive in relation to the coverage that you are presented with. The expense of life insurance is a major misconception that many people hold but for all of you people out there I bring good news, which is the fact there are plenty of options open for people who don’t have much disposable cash; one prime example of this comes in the form of term life insurance.