Reader’s Question:

I am so scared to get a life insurance because I know that I would have to undergo medical exam during the application process. I am very very scared of needles! What should I do? Can I have insurance with no medical exam requirement?

Michelle

Albuquerque, NM

Definitely, you never run out of many options, Michelle.

Insurance companies are smart enough to cater to the needs of some prospective clients who are capable to pay but are not able to get life insurance because of medical exam. Some may not have the time for medical exam, scared of needles (like you!), and fail because of existing medical conditions.

These special needs are addressed by ‘no medical exam’ life insurance. It can save you so much trouble and time. No exam life insurance policy s excellent coverage without being inconvenienced with the cumbersome medical exam.

There can even be no exam life insurance for ages up to 65 years old. Although no exam life insurance are a little expensive than the traditional ones, it could be well worth if medical exam is the only reason why you cannot have life insurance. You need to secure your dependents in case something really unfortunate happens to you.

The good thing about no exam insurance is that it can be very fast. You just have to fill out a questionnaire which will cost you maybe 10-20 minutes to finish. You might be required to disclose some medical information but you will not undergo urine and stool sampling nor any physical exam.

When you are asked to disclose your medical history, never cover any information about your health since you will be liable for fraud in the future once the insurer finds out about your medical status. This might be a ground for cancellation, even for no exam life insurance in New Mexico.

I hope you are happy with this information, and you will have to say goodbye to needles for now.

Tags: no exam life insurance

Reader question:

How can I get out of smoker life insurance rates in New Mexico?

Perry

Well, Perry,

Smoker life insurance rates in New Mexico are drawn from two things: how you answer the smoking question on your application for life insurance coverage, and what the test results of your urine sample come back as for your medical exam. Now, if you get a no exam policy, then the company is pretty much relying on your honor, but beyond that it isn’t so clear.

It’s generally a bad idea to try to get out of paying smoker life insurance rates in New Mexico, since if you get caught you could lose you benefits, which is a pretty bad situation to be in when you’re already dead and your family was waiting on them. But it is possible. All you have to do is be careful and refrain from smoking for three days or more before it’s time to go in for your physical.

If you manage to keep up the charade for 2 years, then you’re off the hook. Your life insurance company is no longer able to cancel your policy or deny you benefits even if you do get caught. But it’s a risky game to play.

take care,

Fashun

Reader question:

Are no exam life insurance rates in New Mexico lower than rates by companies that do medical exams?

Marta

Great question, Marta.

No exam life insurance rates in New Mexico have one thing in common–they’re inflated because they don’t take into account any kinds of medical conditions the policy holder has. By giving out policies without having a physical done on the client, companies are taking a huge risk. You could be ready to pop off the next day. Because of this risk, prices will naturally be much higher than they would for a normal policy, which is why if you are healthy you shouldn’t even think about getting a no exam policy, since you would just be wasting your money.

But if you have a serious condition, then it might be your only choice. For example, if you have recently gone into remission from cancer, or if you are HIV positive. In these cases, then a no exam policy could be your ticket to life insurance, and while it would be lying by omission to say that no exam life insurance rates in New Mexico are the best and the cheapest, they are certainly the only ones available to people in such situations. Of course, not all quotes will be the same, and you can still save money by shopping around and getting quotes from several sources.

take care,

Fashun

Reader question:

What is the best kind of policy to get cheap life insurance in New Mexico NM?

Greg

Thanks for asking, Greg.

You’ll get several suggestions for how to get cheap life insurance in New Mexico NM, from some suggesting that you buy a policy with cash value you so you have ensured savings, and others suggesting a term life insurance policy. I’m of the second group, and firmly believe that not only is term life insurance cheapest, but it also has the best amount of coverage and is more adaptable than any other kind of policy.

Whole life insurance is much more costly than term cheao life insurance in New Mexico NM. In fact, premiums can be as much as 10 times higher. In addition to that, the cash value isn’t as wonderful as it sounds. If you decide to pull from your savings more than your premiums for that year, then what you pull out can be taxed; along with that, the longer you have a whole life policy, the less money you actually save each year.

On the other hand, if you buy term life insurance, then more of the money you pay actually contributes to your coverage, and your policy has a greater value.

take care,

Fashun