How Does No Medical Life Insurance Work?

A basic medical exam is frequently required to obtain life insurance so that an insurer may determine whether a potential client is ill before granting a policy. However, some forms of life insurance policies do not call for a medical examination. They may be able to cover you if you are unable to qualify for a typical life insurance policy that requires a medical exam or if you would just prefer the convenience of not having to take an exam. These policies are informally referred to as "no exam life insurance." What Is No Medical Insurance? A type of life insurance coverage that you can purchase without having to get a medical exam is known as no medical life insurance. This type of life insurance is popular since it is quicker and easier to obtain and provides a choice if you have a pre-existing condition. You and your life insurance provider are essentially placing a bet when it comes to life insurance. Your wager is that the total amount of premiums you'll pay...