Reader’s Question:

What are the situations that will merit a no exam life insurance in Jacksonville Florida FL?

Dania

Jacksonville, FL

Hello, Dania, hope you are having a fab day today!

No exam life insurance is an option available to everyone in Jacksonville Florida FL, and there are pros and cons attached to it. The pros are obviously the rapidity of the finalization of the life insurance policy due to the saved time in taking medical exams and waiting for the results. The cons are number one, its premiums are significantly higher than regular life insurance policy and number two, it is a risk taken by the applicant. You may think that the risk is only with the insurer because they have not determined the applicant’s health condition – wrong. The applicant is also at risk of having some of her future illnesses excluded from the policy or having no coverage for some diseases that were not stated at the time of the application. Let us look at a “what if” example for better explanation. Say you opted for no exam life insurance and you didn’t know it but you are close to having cancer or AIDS or any other terminal disease. Since you had no knowledge of it, you will not disclose it in your application. A year or two after you have finalized your policy, you died because of these illnesses. This will not be covered by your no exam life insurance since it was not stated in the application process and therefore was not also included in the calculation of premiums. Have you taken the regular life insurance and taken the routine medical exam that goes with it, your illness would have been diagnosed, or at least the warning signs of it, and will be included in your life insurance policy.

No exam life insurance is a risk taken by both the applicant and the insurer in Jacksonville Florida FL, Dania, and it is up to the applicant to decide if she wants to have no exam life insurance or not. Either way, you may want to look at free quotes from this page which will be given out to you after you have typed in your zip code and answer a couple of questions about yourself.

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