All too often we jump into something important without thinking about the potential alternatives. When it comes to life insurance, you have options. One of our primary goals is to inform our clients of the myriad of choices open to them. From there, you decide what the best choice is for you-based on your unique need, health and lifestyle.
15 year Term life insurance without a medical exam
#1. 15 year term policies typically provide the most “Bang for the Buck”.
While a 20 or 30 year term may make more sense in the long run, in these difficult times, a 15 year term will provide the more affordable immediate solution to being uninsured. For many of us on a tight budget, the extra savings makes a lot of sense.
And many policies now offer a conversion option at no additional cost that allows you to convert all or a portion of the policy to permanent coverage with no proof of insurability—that means no exam or health questions.
#2. There are more carriers willing to offer a 15 year term policy without a medical exam.
Because there are more no exam companies that offer a 15 year term policy without a medical exam, there will be more competition looking for your business, which should drive down your cost. The no exam marketplace is growing, and more and more companies are vying for your business. This is good news for consumers, who have a lot more choices today than just a few years ago.
#3. Coverage, without an exam can begin within 24 hours.
If you currently don’t have any coverage, or have a policy that is going to expire soon, it may make sense to go with an non-medical term life insurance policy first, then shop around to see if you can secure a better premium later. You can lock into a policy in as little as 24 hours. Then you can “shop” around for the best coverage, without feeling exposed from not having any coverage in place.
#4. No medical exam , means no surprises on the physical.
By avoiding a medical exam, insurance carriers will only have your prescription medication history to rely on. So if you’ve never taken medication for:
- High blood pressure,
- High cholesterol, or
- High blood sugar
It will be assumed that all these values are low and you won’t be charged extra for having any “elevated” levels.
Avoiding a surprise on your life insurance medical exam is one of the primary reasons to consider no exam versus taking an exam. No exam life insurance can avoid the most common reasons for being declined.
#5. Duh…who wouldn’t want to avoid being stuck with a needle!
And one of the best reasons to consider no medical exam on your 15 year term policy is to avoid getting stuck with a needle! Plus, it avoids the inconvenience of having to schedule an exam, which is particular useful for those of us who are super busy but know we need life insurance.
At TermLife2Go we understand that many people are looking to get life insurance to protect their family, but just haven’t been able to find the time or simply don’t want to have to jump through all the hoops most insurance carriers require for them to be approved.
Which is why we have scoured the insurance industry to find those few A rated carriers that will provide the coverage you are looking for without a have to take an exam or “break the bank”!
So just give us a call to see just what we can do for you!
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