It can be difficult to find the right life insurance policy. Insurance providers usually calculate the amount of risk you pose to them before they issue their policies, and these risks will dictate how much you end up paying. Someone who smokes or who suffers from an existing health condition will get charged more than someone who presents fewer risk factors. For this reason, it can often be a good idea to purchase a no-exam life insurance policy if you know that you would be considered to have some risk factors in your history. The fixed rate policy could be a better deal for you.
No exam life insurance policies tend to cost more than a policy that requires an exam, for the average person, however those who are high risk may find them to be a good deal. Take some time to get quotes from a few different companies to make sure that you are getting the best deal.
Finding the Best No Exam Life Insurance Companies
To begin with, stick with well-known companies that have a good reputation. If you see a company that is less well known and you are interested in dealing with them, do a search for information about them with the Better Business Bureau. Review the policies that you are told that you qualify for, and make sure that they cover everything that you want to be covered for, and that you understand the pricing structure and any co-pay required.
Do not give out personal information while you are doing your initial research. Look for quotes based purely on your lifestyle and some basic, general facts about your medical history. Once you have an idea of how much policies cost and which companies are in your budget you can then start to give personal information to the companies that you are seriously considering doing business with.
You may decide to purchase a no exam life insurance policy, or, if you are close to qualifying for a more general policy and the price difference is massive, you could try to improve your lifestyle to reduce your risk factors. This is always a good idea. Talk to your doctor for advice about smoking cessation, weight loss, and other ways to improve your health.