Tips for Buying Life Insurance With No Medical Exam 2012

When considering the possibility of buying life insurance without having to go through the nuances of doing an exam, there are a couple of things you need to consider. Some of these are as highlighted below.
- You should not wait till you really need the policy in order to buy it. This is because by this time, you will not only be much older but you may have encountered a medical condition that increases your premiums. In some instances, you might not even qualify to receive the coverage. Consequently, you should not put it off till the very last minute.
- A higher financial rating does not necessarily mean that you will receive better coverage. The most important thing is to look for a company that is 'A' rated. The difference in company policy is very minor between companies and this means that if you base your decision on ratings, you stand a higher chance of making an inappropriate decision. You need to get the best rates and high rate insurers are known to be extremely conservative when it comes to underwriting. This means that chances of getting the best rates from the same are also lower.
- To ensure you are on the safe side, it is advisable to settle for guaranteed term policies. These are policies that give you rates that last for ten or twenty years. With such, you can rest assured that the benefits won't go down or increase during your policy term.
- If you have the appropriate budget, it is advisable to settle for premium payment options. By choosing to pay annually, you can save fifteen to twenty percent as compared to monthly, semi annually or quarterly.
- You should not smoke if you intend to get the best deals. This is because smokers are often charged two to three times more on life insurance. For those who smoke, there are companies that allow you to sign up for non-smokers rate. However, this is only possible if you haven't smoked for at least a year.
- The coverage selected should be one that sits in well with your budget and individual needs. It is advisable to ensure that the premiums selected are affordable for the purpose of ensuring that you do not stretch your budget more than is necessary.
- Anyone who is 35 years of age is considered old by these companies and this is because they round off to the nearest figure. Therefore, if you are around this age and considering the possibility of getting coverage, you should move before it is too late.

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life insurance no medical exam offers you the opportunity to get coverage that is perfect for your needs. With life insurance no exam, you can rest assured that your future and that of loved ones is assured.
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