DO YOU HAVE TO UNDERGO A TEST FOR NO MEDICAL LIFE INSURANCE?

When you think about the term no medical life insurance there are a lot of things that might come to your mind. If you have recently been surfing the market of life insurance you might have come across the term non-medical life insurance. There are different types of life insurance out there but there are some that don’t require a medical exam. To be eligible for life insurance, you have to undergo a medical test that ensures that you are fit for the insurance. Some insurances other than the ones that are labeled as non-medical do not require any kind of medical test which makes it easier for the person who is interested in buying that insurance. 

There are different reasons why people opt for non-medical life insurance but some of the few reasons are that one might not want to undergo a medical exam or have been rejected for life insurance in the past or failed a medical exam. 

The world of healthcare and science is evolving at a very fast pace and people are getting whatever they want. It is not easy to hold someone back from something that they want and when it comes to life insurance every person makes sure that they are getting it. There are trained insurance brokers out there who can help you get this service. These professionals help you with any query that you have regarding life insurance and make sure that you are choosing the right option for yourself. 

You might be thinking about the complexity of this life insurance, what kind of insurance will you get if you don’t even have to undergo a medical exam? About ten years ago three basic types of non-medical life insurance were specified so that people could get an idea about what they are and how they are going to benefit them. 

• Underwritten policy: This type of life insurance was not as simple as the other ones as there was a medical exam that the applicant had to pass before getting the insurance. If life insurance has the word non-medical in it it does not mean that you don’t have to pass a medical test. This type of insurance broke that barrier. The least expensive type of life insurance was this but it came with a medical test. 
• Guaranteed issue: The second type was called the guaranteed issue and this is one of the types that still works. There was no medical exam for this type and all the benefits of the life insurance were insured when the applicant chose it. 
• Simplified insurance: The third and less intensive type of life insurance was called Simplified insurance which included a few medical questions from the applicant and the price ranges were also not very hard on the pocket. 

The process of choosing the right kind of insurance can be very daunting as there are lots of types of insurance in the market. That is why choosing to work with an insurance broker will help you with unforeseen problems.