Almost without exception, most life insurance policies will require that that person that policy is to be written on undergo a medical exam. This particularly holds true for people over the age of 35, as they statistically tend to be more subject to life threatening medical conditions. However; there is a type of life insurance policy that is referred to as a non-medical life insurance policy, whereby no medical exam is required.
Searching for Lower Costs Online
However; due to the implied inherent risk to the insurance company who is the carrier of this type of policy, they do tend to come at a higher cost. This however, does not mean that there are not things that you as a consumer can do things to help to lower the cost on this type of policy.
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Common Reasons for a Non-Medical Life Insurance Policy
If someone has a preexisting medical condition they can have trouble finding life insurance. Also, there can be situations where someone may need to obtain a life insurance policy quickly for business reasons. Both of these examples are prime examples of why a person would take out a non medical life insurance policy. However these are not the only reasons why someone would want such a policy.
Life Insurance Comparison Websites
To find the cheapest rate online on a non-medical life insurance policy, your first stop should be a life insurance comparison website. At this type of website you will be required to fill out a questionnaire, which will be examined by several insurance carriers. The result, is that in short order you can receive multiple quotes by up to five separate insurance carriers that you can then compare in a convenient side by side comparison test.
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