Not many know that term life insurance could now be acquired without having to go through an extensive medical examination. Therefore those who are unhappy with the way they’re being evaluated and poked during physicals could now conveniently get term life insurance. Moreover, they need not spend more time and money in acquiring this kind of policy.
If you are interested in getting term vs whole life insurance but are not willing to go through physical exam, then you have to be at least 18 years old and not more than 65 in order to qualify. If you are already past beyond that age, then you can still look into getting whole life insurance with no medical exam.
During the application process, you will be asked by your preferred insurance provider to fill out a form. It would then ask you for information about your medical history, the nature of your work as well as your hobbies that might affect your life span. Those who have active lifestyles and tend to live on the edge are encouraged to consult with high risk life insurance companies.
Make sure that the information that you provide are all accurate because insurance companies have a way of double checking the truth. They have the ability of checking with the Medical Insurance Bureau or MIB who in turn has access to your financial records as well as employment files.
Another reason why you have to be careful with the information you provide is the fact that you would need to go through a contestable period wherein in the event that your insurance provider would be able to find out that there were one of two false information provided, they would not hesitate in canceling your policy. This would be quite unfortunate if you were already able to make a lot of payments.