Life Insurance with No Physical Exam – Pros and Cons
Reader’s Question:
I have a yeast infection, would this affect my life insurance? If so, should I go ahead with a no physical exam life insurance plan?
Bennett
Cape Coral, FL
Dying from a yeast infection, although not impossible, is extremely unlikely. As such there shouldn’t be any reason for you to skip the physical exam for life insurance. Listed below are some good reasons to keep in mind if you are thinking of getting a life insurance no physical exam policy:
Go With a Life Insurance No Physical Exam If…
You advocate a risky lifestyle or have a hazardous job – Those who are into extreme sports, have jobs that place them in high risk of injuries and bodily harm (or even death) should consider a no physical exam life insurance policy.
You have a life-threatening illness or disease – It could be that you have been denied coverage everywhere else because of a medical condition such as Diabetes or some other illness. In this case it would be wise to invest on a no physical exam policy
No exam life insurance policies generally take in people with big probabilities of a shorter lifespan. As such this represents a bigger financial risk to the insurer and so they charge higher rates than the average.
Think Twice about a No Exam Life Insurance If…
You are young and in good health - If there is really no other reason aside from the fact that you don’t want to take a medical exam, by all means take the exam. Why should you pay more for life insurance unnecessarily? Those who are relatively young, are in good shape and excellent health can expect to get very good rates.
In both cases, shopping around for coverage is highly recommended. Life insurance rates vary immensely between insurers. Get a free online quote to find the best life insurance rates today.