Many may not believe but there are life insurance offered without any physical examinations. Such coverage enables buyers to purchase a policy without having to worry about their premiums being based on their health status. This is a greater advantage for elderly seniors, customers with long-term illnesses etc. Similarly, the service is also beneficial for individuals employed in high-risk jobs such as the military, police department, or fire department.
There is no age limitation for this insurance policy. It is offered to applicants between age 18 and age 65 if they qualify. Qualifications is a requirement that the applicant must provide to the insurance company on the basis of which they decide whether you should be allowed the coverage or not. While purchasing coverage an individual can choose the policy taht can last for ten or twenty or thirty years. Some policies will even allow the parents to purchase a term life insurance without any physical examination at the child’s birth and this will last untill the child is twenty one. This is a great advantage to have. What is even better is that when the child reaches twenty one, the child can opt to purchase additional coverage or enrolling in a whole life insurance plan.
The purchasing of this policy at a child’s birth is a wise step to take. This enables the child to be insured even if they become chronically ill, physically disabled or mentally disabled until they reach their legal age. Some policies may even offer additional coverage after they have reached a legal year, regardless of their physical or mental condition.Purchasing term life insurance with no physical exam when the child is young will ensure that the child will be able to have it as long as s/he wants to. Once they reach their legal age, they can either extend the policy or eliminate it.
The companies that offer these life insurance issue from $500000 to $1000000. But they are worth it. They are a very good plan to invest in if the applicant is honest and willing to tell the truth.
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