At What Amount of Life Insurance Do Insurance Companies Require a Medical Exam?

I am in my twenties and in good health. I have never had any medical issues and I am looking to buy life insurance.

I know that medical exams are usually required for most life insurance policies, but I was just looking for about $150,000 worth of coverage and I was wondering if I would be required to undergo a medical examination?

It'll likely be blood and urine testing for most insurance companies for anything $50,000-$100,000 and up.

If that's an issue due to a phobia, such as, fear of needles or fear of blood, then you can get a no exam life insurance policy.

Some insurers may offer up to $1,000,000 of life insurance without any medical examination, blood or urine tests. You can get a quote and apply online in minutes. If approved, you may start your life insurance policy today. Here's how you can learn more about life insurance with no exam required.

What is a Reputable Term Life Insurance Company?

Term life insurance is the simplest form of life insurance available and works for many people. Term life insurance is the most affordable life insurance option.

It works by selecting a coverage amount then paying a determined premium for the life (duration) of the life insurance policy.

Term life is called term coverage because you select an amount of time to be covered, after the term length is over your coverage ends. Some companies have an option to continue the coverage, this is called renewable term life insurance, but the premium you pay will increase after each additional year.

There are many good term life insurance companies including Met Life, Prudential, and Northwestern Mutual, among others that offer low rates and excellent financial strength ratings. On away to find the most affordable plan for term life insurance from a leading carrier is to compare term life rate quotes online.

Here is a list of reputable term life insurance companies and their ratings for your review.

How to find a Guaranteed Acceptance Life Insurance Company?

I want to purchase a life insurance policy but I have health issues. Where can I find a life insurance carrier that offers life insurance plans with guaranteed approval?

There are several insurers that have guaranteed issue life insurance policies available. Some of the leading providers of guaranteed coverage include United of Omaha, Gerber, Colonial Penn, Vantis, and AARP/NewYork Life, among others.

Guaranteed issue means you cannot be declined for coverage due to any health condition - you are guaranteed approval as long as you meet the age requirement and live in a state in which the insurer is licensed to do business and offers the coverage in that state.

Some insurers offer guaranteed approval for people age 40-80, 45-75, or 45-85. It varies by insurance company.

Here's how to find a guaranteed acceptance life insurance company.

Where should I keep my life insurance policy?

Your life insurance policy is evidence of your coverage to be left your your family (beneficiaries).

Keep your life insurance policy in a secure place that is fire-proof, such as a bank safe deposit box.

Keep a copy of your life insurance policy at home, along with important communications from your life insurance company and receipts or copies of your premium payments to the insurance company.

Make sure your beneficiaries know how to make a claim on your life insurance policy upon your passing, or understand how to contact the insurance company in the event of your death.

Life Insurance for Income Replacement

Would your family be able to pay the monthly bills if you were to pass away?

Term life insurance coverage is easy to understand, providing a set amount of life insurance coverage for a specific amount of time (usually 10, 15, 20 or 30 years).

If you were to die during the "term" of your term life insurance policy, your "beneficiary" would receive the full tax-free death benefit of your insurance policy.

Term life insurance is often used to protect the income provided by the main breadwinner of a family. So, if you die, you can still provide your family an income similar to what you would have earned if you were still alive to provide for them each month.

Purchasing life insurance for income replacement provides your loved ones with the peace of mind knowing their financial needs will met.

Will My Life Insurance Premiums Increase Over Time?

Whether or not your premiums will increase depends on whether you have term life insurance or permanent insurance.

With term life insurance coverage your premiums start out lower than comparable permanent life insurance coverage and stay fixed for the initial term (duration of your policy). If you choose to keep your term policy In Force past the initial term, the premiums will likely go up when you renew for another term.

With permanent life insurance policies, as long as you don’t let your life insurance coverage lapse, your insurance premiums are guaranteed not to increase for the rest of the owner’s life.

Here's how to compare term insurance versus permanent insurance.

Where Can You Buy Life Insurance?

There are several different options available where you can buy life insurance protection.

Many people buy their life insurance policies directly from their life insurance agent or from insurers that send mailers to your home.

Some people buy their life insurance plan on the internet.

When buying life insurance make sure you shop around to find the best plan and price from a financially secure insurance carrier.

You can even use a free life insurance quote engine that will give you a quick and accurate life insurance quote so you can see how much out of pocket expense you’re looking forward to when purchasing your life insurance policy.