Life insurance is a necessity for most adults, and getting a great policy for a cost-effective price often requires the intrusiveness of a medical examination in front of an unknown doctor and their staff. Medical exams are usually unwelcome by most people, and the problem is exacerbated when individuals are forced to visit a doctor or clinic where there is no rapport.
No Medical Exam
Getting a medical exam is also a costly proposition, and life insurance without the tests and questions is even more affordable. Because the policies are usually offered on a timely basis, consumers can also rest assured that their family has the financial protection that is required in case of an emergency. Life insurance providers routinely give quotes and begin coverage the same day, and there is no need to wait in lengthy lines or waste a day listening to a physician that will never be seen again.
Save Time and Money
Life insurance policies that require medical exams usually have a host of different rules and regulations that make the entire process unwieldy and time consuming. Cutting through the red tape with a no medical exam life insurance policy lets consumers save time and money. Often, doctors may take several weeks just to provide results to an insurance provider. This is time that is spent without coverage and poses a financial risk to families. Skipping the wasted time with a policy that is designed for busy lifestyles empowers clients and lets them benefit from the freedom that their time provides.
In addition, many consumers are rightfully worried about their exam and the effects that it has on their insurance policy. Today’s industry is moving towards tests that can determine the genetic predisposition for a myriad of different diseases and associated health problems. When any one of these markers pops up, consumers may be turned down and will never receive the policy that they need. Getting a no medical exam life insurance policy benefits adults and eliminates the problems that are associated with underlying medical problems.
Insuring Your Health Faster
While many people are aware of their time’s value, some neglect the role that a medical exam for insurance purposes plays in their busy lives. Because there are several tasks associated with implementing a new policy, busy consumers are put under tight time deadlines and may not have the extra hours in their day that their provider asks of them.
Setting up an exam, driving to the physician’s office and waiting hours in a waiting room are all time consuming. With a no medical exam life insurance policy, busy adults save their time and enjoy their protection faster.
Getting coverage without medical testing usually takes a few days at most. Simply discussing the needs of the various policies with a provider is all that is required. After this, the insurance company and client work together to find a cost-effective policy that provides the financial protection that is required. Most times, only a few pages of paperwork are needed, and the entire process is finished within a few days. In addition, life insurance providers have applications on the Internet to facilitate the approval process and deliver affordable coverage on a faster time table.
Saving on Taxes
While traditional life insurance policies are engineered to pay beneficiaries upon the death of an insured party, many providers forget to thoroughly consider the role that taxes pay. Because a tax burden on a life insurance policy can easily account for a third of the total payout, many families are in financial straits before they even receive a payout. Proceeds from a no medical exam life insurance policy is almost always tax free. This means that you and your loved ones can enjoy the full financial rewards of their life insurance coverage without incurring the annoying burdens that are associated with taxation.
Enjoying the benefits of life insurance without the bothers of a medical exam is a great way for busy adults to save their time and money while providing the level of financial security that their family deserves. The programs are not unique but are engineered to reduce the waiting times that are spent in an unknown office. In addition, tax benefits are associated with a policy, and many families can enjoy the full face value without the burden of taxes.