If you are planning to apply for a no medical life insurance, this article is for you. After all, it pays to know how to qualify for such insurance before starting the application process. If you go for a term life insurance that requires no medical exam, your health plays a great factor. You need to be in good health to be approved for such type of life insurance. However, those who have controlled health issues may be approved. This includes controlled cholesterol, controlled high blood, controlled diabetes as well as mild asthma. If you have moderate health issue, you will need to go through the usual process which requires medical examination. That‘s for the term life insurance with no medical exam.

On the other hand, application for a whole life insurance with no medical examination needed is a different story. For small policies of this kind, the underwriting can be very lenient for the burial and funeral expense policy. This may range from $5,000-$25,000 coverage and this is a guaranteed level for your entire lifetime. Even those with moderate health issue can still be approved for a whole life insurance policy that requires no medical exam.

Since you won‘t go through any laboratory or medical exam with a no medical exam life insurance, the insurance provider will depend on the information that you will declare on your application form. Apart from the paper works, the insurance provider will also base the application result on the Medical Information Bureau. This holds an industry wide database containing your medical and health information shared by health insurance companies and North American life. These data goes even prior to your insurance application. Insurance companies will also check your MVR (Motor Vehicle Report). They will check your record for DUI, suspended license and reckless driving tickets and other road violations. The insurance company will also check your pharmacy report where all your prescription medications are recorded. Hence, they will know if you are honest in your health condition declaration since all your maintenance meds will be reflected on this record. Hence, even if you won‘t declare that you have hypertension, this information will still surface after the insurance provider will check on your pharmacy report.

There are also information that you need to know about no medical exam life insurance. Since this allows you to avail life insurance coverage despite your pre-existing illness, you will have to pay the price as well. This means you will need to pay more compared to the standard life insurance policy that requires medical exam. There are other reasons why some people apply for a no medical life insurance apart from their illness. This type offers fast approval, which is of great advantage for those applying for an SBA loan, for those who want to have it prior to their vacation, for income stream advance or those who just can‘t wait for a very long underwriting process. So get more details on Rootfin.com about life insurance with no medical exam. Their site can be a good resource for those who want to get more insight about no medical life insurance. And as explained here, this type of insurance offers the fastest and most convenient application process.

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