No Exam Senior Life Insurance- Get Instant Approval
Life insurance usually takes time and energy that many people do not have to spend. With a traditional life insurance policy, a medical exam is required and then the acceptance can take up to 6 weeks after the exam to go through. In the worst cases, denial occurs and then people spent that entire time waiting for nothing at all, really. With no exam senior life insurance, you can get approved faster and get guaranteed acceptance with your life insurance policy. The only issue that this insurance really has is its cost, which is substantially higher than a traditional life policy.
No exam senior life insurance costs more money because of the lack of a medical exam. Think of the exam as the way the insurance company rates what type of risk you are. Without that exam, they are inherently accepting more people who are higher risk. While they might also be accepting low-risk customers who simply do not want to deal with the hassle of waiting for a medical exam, their risk pool substantially increases when compared to traditional life insurance companies. Therefore, they must charge higher premiums under the assumption that everyone is a higher risk because they lack the proof of a medical examination.
The benefits of a no exam senior life insurance policy easily outweigh the increased costs for many people. First and foremost, these policies are available to anyone and everyone. That means that people cannot be turned down for their state of health and that they can get the coverage that they deserve. Life insurance is important to everyone but not everyone is in a state of health where they can qualify for a traditional policy. For seniors, especially, it can be difficult to get a traditional policy because of their age and health status.
Whether you are in poor health or you simply don’t want to have to wait around for approval for a life insurance policy, it is important that you take the time to check out no exam senior life insurance to see if it is the right thing for you or not. There are so many different ways that you can benefit from this type of life insurance policy, but you really need to make sure that it is the right policy for your needs and that you find affordable coverage. The instant approval is a great benefit, as long as you take the time to find the right policy.