Find Out More About Getting Life Insurance Covers Without Taking Exams by apnatube3

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									Many people do not like speaking about life insurance. This is especially the case for the elderly. Most
people shy away from these policies since they meet a long list of requirements usually provided by
insurers. However, it is now possible to get these policies through certain 'no-exam' schemes. Wholesale
insurance makes it possible for a person to get one of the various options of insurance policies that do not
need an exam. Speaking to an expert in the trade or a broker is the fastest and best way to decide the
most appropriate insurance policy for one's specific situation.

In normal circumstances, an applicant goes through a thorough medical checkup to get prove of his or
her insurability before the broker can approve his or her universal, whole or term-life insurance. Even so,
it is possible for one to get policies like the "term-insurance without exam" policies and several other
forms of similar covers including:

1. 'Graded benefit' life insurance- This does not involve any questions about one's health nor does it need
anyone to go for a medical checkup. People who are in their mid-ages and beyond are the main users of
this scheme. However, buying and making payments of this policy is more complicated than others are.

2. 'Guaranteed issue' life insurance- This is also known as 'guaranteed acceptance' life insurance. It does
not need one to go through a medical exam nor ask any health questions. This kind of insurance rarely
turns people down.

3. 'Simplified issue' life insurance- This form of insurance policy does not entail a medical checkup.
Nevertheless, the insurers often ask the buyers to give some medical information verbally, during the
process of application.

There are many reasons why people buy policies like 'life insurance without exams'. One reason is that
the application process is quick and simple. Normally, it takes weeks or months before regular insurers
can issue a policy to their clients. However, with a shortened process, no-exam insurances can be
working within a matter of days. Most people find this to be very practical, since you never know what will
happen in the future.

Another benefit of buying insurance policies that don't need exam results is that they enable people who
would otherwise be insurable to get cover. Most ordinary insurances deny people life cover because of
advanced age or health complications. These people can get their cover from these types of insurances.
These are great policies for those who are aware that their end is near. They can use benefits from these
policies to cover funeral charges and other expenses. These policies are also great options for people
who are uneasy around needles and doctors. Usually, insurers issuing these kinds of policies charge
more than regular insurers to cover any risks.

								
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