(PRWEB) September 10, 2013
No exam life insurance is a simple insurance plan which offers fast coverage for people who do not want to take different medical examinations. Because of the simplified underwriting process, it is easier for seniors and people with a poor health state to qualify for a plan.
There are two types of no medical exam life insurance policies: simplified issue and guaranteed acceptance. Unlike other plans, these policies do not require a medical examination to qualify for coverage.
Simplified issue is a type of life insurance no medical exam policy that provides temporary coverage. In order to qualify for a plan, clients will have to answer some questions about their health.
Guaranteed acceptance, also known as final expense, it is a small face value life insurance policy which is best used to cover funeral costs.
The coverage is permanent and it caps at around $50,000, but it is a graded benefit which means that if one die in the next two years, his or her beneficiaries will not receive the full death benefit.
Qualifying for this policy should not be a problem as long as people are not older than 90 years and as long as they are not terminally ill. This policy should be bought by seniors who want to take care of their burial costs.
Online Insurance Marketplace 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://noexamlifeinsurance.us.