Weighing Pros and Cons of Life Insurance without Medical Exams

Weighing Pros and Cons of Life Insurance without Medical Exams

Anas Bouargane 08/11/2020 4
Weighing Pros and Cons of Life Insurance without Medical Exams

Seeing the Options in Life Insurance without Medical Exams


Knowing how to get the best result from your shopping around for life insurance means using your goals to prioritize. And, setting up a list of pros and cons can help you see which life insurance policy (even one without an exam portion) can help you achieve those priorities. In considering them, you will measure each option and compare them. Hopefully, you discover there is a clear winner among all your choices. 

Once you complete reading this post, you will have weighed the pros and cons of life insurance without medical exams, telling you which kind of life insurance might be best for you. In addition, you may already know that traditional life insurance is not an option for you because it might disqualify you (if you haven’t already). 

This happens due to several factors like your age, weight, lifestyle, medical history, and health records indicating present or recent conditions. For you, this article will help inform you of the trade-offs and perks of no exam life insurance. Then, you’re able to obtain free no exam life insurance quotes from a trusted company like Sproutt.com.

Learn more by finishing this article, and you’ll see the many benefits of no exam life insurance policies that minimize the potential drawbacks of choosing alternative insurance. 

Perks and Drawbacks of Life Insurances without Medical Exams

One of the reasons that people seeking peace from financial worry use no exam life insurance policies is that it’s much simpler to get approved for very decent payouts. The no exam life insurance option requires no medical appointment, meaning you have to disclose less sensitive records. While most policies will nevertheless ask that you answer a few questions. They want to know about subjects like height, weight, age, and recent hospitalizations. Still, it means that you are more likely to pass an initial review with your unique “risks” (in the insurer’s eyes).

With that point made, you should also understand that every policy is custom to your responses and the information in your application. Our list of pros and cons can only guide you through some helpful information. All the details of price and payout will vary from one person to another because of the differences the insurer sees. 

Three Kinds of No Exam Life Insurance Pros and Cons

Below we share pros and cons of desirable, competitive policies from Sproutt.com as a leading example. The unique analyses provided for each lifestyle, budget, and goal are good case studies for your shopping process. It will tell you what to anticipate from other insurers. And, just as a reminder, none of these plans require a professional medical screening, so you always get that benefit which ensures approval for some. 

The Basic Plan

Maybe your employer offers a life insurance benefit and you seek to augment it with a fuller no exam policy. You want to cover expenses easily while adding security to your future beneficiaries. The benefit of this is a lower payment, and the con is that you will also receive a lower payout at the initiation of benefits. 

For example, you might pay just $60 per month for a policy that will pay you up to $250,000. For the relaxing and stress-reducing effect of getting life insurance, some choose this option for its low commitment and comparatively large benefits. To learn more about your specific rate, finish a short survey from Sproutt to see what you can swing. 

The Popular Plan

A popular choice for others is to pay slightly more for a higher potential payout at the close of the policy. For Sproutt, you can get as much as $500,000 in payouts for a monthly cost around $100. If you want to learn more about the most popular plan from Sproutt, fill out the survey linked above to get a rate quote and description.

The Advanced Plan

This one has the advantage of being the most considerable coverage policy, boasting a payout amount of $750,000. However, for this benefit, you will pay a slightly higher price of around $150 every month. For near $1 million, choosing this plan is likely for the holder who is most serious about bringing protection to their loved ones. It’s more of a commitment too. 

Obtain No Exam Life Insurance with Sproutt

Now seeing your options as well as the advantages and disadvantages of each no exam policy, we hope you see that Sproutt offers competitive rates with handsome payout amounts to help people like you achieve their personal and financial goals. 

Go to Sproutt.com to see your policy and discover why you should choose them for the policy you pick. Once you view your options through their survey, you can make the final calculation for your unique position and aspirations.

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  • Joe Tosini

    Good read

  • Karen Whelan

    Thanks Anas, that was insightful

  • David Rimmer

    Brilliant.. Thanks a ton

  • Kevin Ashby

    Now that I know all the life insurance options, I feel more relieved.

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Anas Bouargane

Business Expert

Anas is the founder of CEF Académie, a platform that provides guidance and support for those willing to study in France. He previously interned at AlphaSense. Anas holds a bachelor degree in applied economics from the University Paris Sud.

   

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