| By :
Wendy Moyer
Up until recently anyone who wanted to get a life insurance policy had to go through a predetermined series of steps that included getting a physical examination. The examination's purpose was to prove that the person who wanted to invest in the policy was in good enough health to be insured. That was because, as smart business people, insurance providers didn't want to take any unnecessary risks. If you weren't in good health it would be more likely they would have to pay your insurance benefits before they could make a profit, so they wouldn't insure you. But, since the Internet became an everyday fact of life, almost anyone can get almost any type of insurance policy on the World Wide Web. And, with increased competition, a number of plans that were not available before, such as life insurance no exam policies, are now available. This insurance policy does not require that you have any physical exam whatsoever. Most no exam life insurance policies are term insurance policies. This means that they are only in force for specific amounts of time. Once that time has elapsed you might have the option to renew the policy, usually at a higher premium. Alternatively the policy may completely expire. It would be in your best interest to get a guaranteed renewable plan which makes sure that you will be able to stay insured once the original term insurance policy ends, even if your health should change in the interim. Anticipate that the rates will increase and it's also possible that there may be additional stipulations. The reason that your policy may be modified in this manner is because you are older and insurance companies offer lower rates to people that they feel are less of a risk. Inherent in getting older is the likelihood that you are closer to the end of your life. Even though you will be buying life insurance - no exam - you may still need to give a blood or saliva sample. However, beyond that, you will not have to see your doctor. The nature of the policy precludes any additional stress in your life as well as the additional cost of having to take a physical exam. And you will not have to deal with any long waiting period while the insurance company decides if you are a good enough risk for them to insure. In general the younger you are the easier it is to get a no exam life insurance policy. Once you have turned forty years of age there is a good chance that you will be asked to pass an exam that may include a basic physical, a urine test, blood work, and perhaps a stress test.
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