Getting the very best possible price on life insurance without a medical examination appears to be relatively easy. You can simply go online, enter your personal details into an estimating system, get a quote then apply. Not actually! There is a huge difference between getting a quote and getting authorized. There are numerous no test life insurance companies that getting the very best life insurance plan without a test could take a bit more work than you expect. For instance, we had a healthy guy who called us to get a quote for life insurance. We provided him some quotes however he stated he got a better rate online. About one hour later, he called us back and informed us that the fantastic quote he had actually gotten online had actually virtually tripled after he had actually filled out the online application. He stated he might not understand as he had answered no to all the health questions and should have been able to qualify for the most affordable rates. We clarified that, exactly what most likely took place was that he had an MIB (see our MIB short article) or some various other record that may have brought his rates up. We had also alerted him that the company he chose frequently provided extremely low quotes but final rates were typically much greater after the application had actually been completed. What to do? That is when an excellent insurance consultant enters play. The agent should have a great knowledge about no clinical exam life insurance and should have access to a number of business and plans. To discover you the best life insurance without a clinical test, he/she needs to ask you questions about your personal history and about the length of time you will need the insurance coverage. He must likewise help you help you narrow it down to the no examination life insurance plan that is most likely to get you an approval at most affordable possible rates. And not just the one that prices quote the least expensive.
A word of caution, do not overlook plans that need a paper application. Really typically, these plans are better priced and easier to obtain authorized on – specifically if you have or have had health problems. Having to complete an application does not always mean that medical records will be gotten however it is more most likely. If you don’t wish to await your clinical records to be gotten, see to it to mention it to your agent that you do not want a company that orders records. If you desire the finest life insurance without a clinical exam though, occasionally, asking for clinical records will get you gotten better last rates (although underwriting could take much longer).
We hope that this brief post will help you get the best possible rates in no test life insurance. As we state with all of short articles always ask, ask and ask as many questions as you need to before making a decision and after you have actually received your accepted policy. Don’t hesitate to ask us concerns. Be well.