When you have life insurance coverage, you can be much more assured that those who you love and care about will be able to whether financial difficulties in case of the unexpected. That is because the proceeds from a life insurance policy can be used for some different needs, including the payoff of debt – as well as the paying of funeral and final expenses. These funds can also be used to help your heirs and survivors with paying their everyday living expenses in the future.
To qualify for life insurance, it is often required that you complete an application for coverage and undergo a medical examination. This exam usually consists of providing the insurance carrier with additional details about your health, and providing the insurer with a blood and urine sample for testing purposes.
Because of this medical exam, the insurance company will be able to determine whether or not you have various health issues – some that can make you a higher risk to the insurance company if they accept your application for insurance protection.
If you have certain health conditions, then, this exam could make it more difficult for you to obtain the insurance coverage that you need. But, it does not mean that you won’t be able to still get the coverage that you are hoping for. One alternative option could be for you to apply for a no medical exam life insurance policy.Continue Reading