(PRWEB) January 19, 2014
No medical exam life insurance plans are, as the name, suggests policies that do not require medical examinations in order to qualify for coverage. Traditional plans, like term, whole and universal life insurance, are policies that require medical tests to purchase coverage. A comparison between the two types of plans can help clients decide what to purchase.
No medical exam life insurance plans are easier to purchase because they have a simplified underwriting process. In order to qualify for a policy, applicants have to answer some medical questions. This doesn’t mean that anyone can qualify for a plan. People currently suffering of cancer, AIDS or those who have been declared terminally ill cannot qualify for coverage. Some plans may also have some age restrictions.
It is more difficult to qualify for a traditional plan and the application process can be long and tiring. However, these plans are cheaper and the coverage amount guaranteed is higher. In other words, it provides a more solid financial stability and can cover higher expenses. Lifeinsurancenomedicalexams.com has a more detailed comparison which can be read on the blog.
“No medical exam life insurance can provide many benefits for people who need life coverage fast, but traditional plans are more cost-efficient!” said Russell Rabichev, Marketing Director of Internet Marketing Company and Lifeinsurancenomedicalexams.com
Lifeinsurancenomedicalexams.com is an online provider of life, home, health, and auto insurance quotes. It is unique in that this website does not simply stick to one kind of insurance carrier, but brings the clients the best deals from many different online insurance carriers. This way, clients have offers from multiple carriers all in one place, this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://lifeinsurancenomedicalexams.com!