If you are in good health it will be well worth your while though to have the medical exam because the costs would be significantly lower. However, obtaining life insurance that does not require a medical exam is hassle free and conveniently available online.
The process of requesting no exam online life insurance (http://www.equote.com/li/nomedicallifeinsurance.html) quotes is quick and easy. Once you log onto a website offering such insurance policies, you only have to answer a few health related questions. You will first have to enter your zip code to ensure that the provider is licensed to sell life insurance products in your state.
The health questions are related to your age, gender, weight, and height. Your answers will help to determine the price of the quotes you receive. You will also have to tell whether or not you smoke or have smoked within the last year.
The benefit of requesting free quotes online is that you don't have to wait days to receive an answer. You will receive an instant quote by return email of what the cost of the premiums will be.
You should become familiar with the types of policies you can look for in no exam online life insurance quotes (http://www.equote.com/li/termlifeinsurance.html). Term life policies are for specific terms ranging from 10 to 30 years and the premium you are quoted is guaranteed for that length of time should you decide to purchase the policy.
The amount of coverage you can choose ranges from $25,000 to $500,000. The price you pay does depend on your age at the time you apply. The younger you are, the cheaper the policy will be.
One of the things to which you must pay particular notice is the age at which the company will no longer insure you under no exam online life insurance quotes. Some insurers have age 60 as the limit, while others go to age 80. You can have flexible payment options if you are not able to make annual payments.
It only takes minutes to complete the application process. When applying online an electronic signature is sufficient, but if you prefer to complete the process by phone when you approve of the quote you receive, you can do so in this manner as well.
Although term life insurance policies are the most common ones offered in no exam online life insurance quotes, you can also purchase whole life insurance without a medical exam. With such a policy you have lifetime coverage up to age 85 for a coverage amount of $50,000.
Within this category, you can also choose a standard policy, or a preferred or graded policy, each of which carries a different cost. In a graded policy your beneficiary will only receive a portion of the coverage if you should die within the early years of the policy.
The amount of coverage should be the deciding point in the no exam online life insurance quotes you receive. Most of the policies that are valid past age 60 or 65 do not have a lot of coverage, but they will be sufficient to pay your funeral expenses so that your family will not have to bear this burden.
