While there are many different types of life insurance, you may be looking for no-test life insurance. Although there are certain types of insurance policies that do require physical tests, here are those insurance policies which do not.
Nowadays, there are some people who refrain from purchasing insurance because they prefer not to take any physical tests. Because most insurance companies feel strongly that life insurance is important for everyone, they have made it easier for you to purchase no-test life insurance. Some of the types of life insurance companies that offer this advantage include those that offer term life insurance.
While no physical test is required, the cost of a life insurance policy depends on several factors, but life insurance companies are quick to point out these policies are not dependent on age, health, lifestyle, or family history. Thus, you are rated according to the answers you give to their questions. For example, they may ask if you are a smoker and how many packs of cigarettes you smoke a day. Depending upon your answer to this and many other questions, you have rated accordingly.
Although different types of life insurance company rates may vary according to their own guidelines, the classifications are pretty common among most life insurance companies today. They include premier, preferred, preferred smoker, standard, standard smoker, and substandard.
In fact, if you were to purchase life insurance online, for example, there are many companies that afford you the opportunity to apply directly online and purchase the type of insurance you are looking for. Moreover, there are no medical exams and no tests whatsoever. Like other types of life insurance companies, you are required to answer some health questions, but other than that – if you qualify – you can have your insurance within minutes.
In fact, there are several insurance companies online that do not ask health questions at all, even if you’ve had health problems. Moreover, one company asserts that its renewal premiums may not be increased. If a person is added to or removed from coverage, the premium amount may be adjusted to reflect the change in coverage.
Further research indicates there are a few sites that represent all of those life insurance companies which have no test requirements. The types of insurance included in this no testing policy are term, whole, and universal life insurance. The only requirement maybe a few questions which you can answer by phone.
It would be a good idea to research all of the no-test insurance life insurance companies and read their terms and conditions. While some may require you to answer questions; others may not. It all depends on the types of life insurance you are searching for. However, whichever you choose – all of the initial work can be done online.