A term life insurance policy is a life insurance policy that typically offers coverage for specific periods of time. The time of most term policies are generally one, five, ten, twenty or thirty years. Most insurance policies may require applicants to complete a full medical evaluation, including an examination, prior to qualifying. This can take four to six weeks before your insurance coverage might be able to begin. For more information on graded benefit life insurance please see “Graded Benefit Life Insurance”. Recently, more insurance carriers are beginning to carry term life insurance with no physical exam. One of the benefits of this policy may be that it can typically begin quickly, sometimes as soon as twenty four to 72 hours.

Qualify

Qualifying for a term life insurance with no physical can be easy. Instead of submitting a urine or blood sample for testing, you may be required to complete a thorough medical history questionnaire, including your prescriptions. Some insurance companies may require a mandatory telephone interview. In most cases, this interview will be recorded. They may ask you several questions pertaining to your prior and current medical health. It is very important that you answer these questions with complete honesty, as an insurance company will typically have access to your medical records, even if you are applying for a no physical term life insurance policy.

A no physical term life insurance plan is typically for those that are generally in good overall health. If you have some major health issues or are overweight, it may be a better option for you to apply for a fully-underwritten policy. This may help you and the insurer to properly evaluate your specific health situation.

Limits

The premiums on a no physical term life insurance may be higher than an underwritten insurance policy because the life insurance company is taking a risk but not evaluating your health with an examination. They are typically aware of this risk and may need to charge an increased rate to offset their risk. However, depending upon your age, you may be able to qualify up to $300,000 coverage with a no physical term life insurance.

To get quotes, just fill out a simple no physical exam quote form.