Yes, you may be required to take a medical exam if you purchase a term life insurance policy.
However, the medical exam is paid forby the life insurance company.
Whether or not you are required to take a medical exam when purchasing life insurance will depend on several things, including:
1. The life insurance company
2. Your age and health
3. The amount of life insurance
There are life insurance carriers that offer no exam life insurance plans. In fact, some carriers allow you to apply for a life insurance plan online and start your life insurance coverage the same day, if you qualify.
It's important to understand that no exam life insurance costs more than life insurance requiring a medical exam.
However, it can be much quicker and easier to get insured for no exam life insurance. And, there's no medical exam, no blood tests, and no urine tests. So, if you're one of the approximately 10% of the population with a fear of needles or blood, then this may be an option for you to consider.
Learn more about how to get term life insurance without a medical exam.
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