Are you considering purchasing life insurance? While you may have heard of the latest innovations in technology that allow you to acquire this type of policy without a medical exam, many of these plans still require rigorous underwriting, which lengthens the process overall. Steven Hall with Farmers Insurance Group has provided quality insurance products to his clients for years. Below, he and his team explain why no medical exam life insurance is a myth, and how you can avoid it.

What Are No-Medical-Exam Life Insurance Policies?

To begin, acquiring traditional life insurance policies require the insured to undergo a paramed medical exam prior to going through underwriting and acquiring coverage. However, as online technology progresses, insurance companies are taking notice and attempting to provide their clientele with a quick and easy solution that skips the more traditional underwriting process. These new policies initially promise that you won’t have to complete a medical exam. In addition, they promise simplified and accelerated underwriting.

The Truth Behind These Policies

While insurance companies may initially attract customers with this no-hassle approach to acquiring life insurance, what they don’t tell you is that this process takes just as long, if not longer than the more traditional underwriting process. While you might be able to apply for this type of life insurance, after the review of your application, you might be required to undergo a medical exam after all.

If you mention that you have high blood pressure on the application, the insurance company will need medical stats on your high blood pressure to specifically assess your policy. If you falsify your application in any way, the policy will be void based on your actual medical records at the time of your application. In essence, it’s beneficial to undergo the traditional methods for acquiring life insurance. This will remove any barriers to coverage.  

If you’re considering acquiring life insurance and you have questions about the overall process, Steven Hall with Farmers Insurance is available to assist you. Aside from life insurance, he also offers auto insurance and other quality products based on your individual needs. Call him today at (417) 926-7900, or visit him online for more information.