Friday, September 1, 2023

Life Insurance Without A Doctor's Exam? Yes, It's Possible!

Many people postpone getting life insurance because they are uncomfortable going to a doctor's office for a physical. However, it IS possible to get a life insurance plan without having to get a doctor's exam. This is good news for clients who cannot afford an in-person visit. 
Some insurance companies send physicians to your house to do the health exam, which includes blood and urine samples, a stress test, height and weight measurements, and possibly an EKG. However, there are still life insurance plans that can be bought without an exam--- although A patient's age also factors into the cost of the insurance. In most cases, the older you are at the time of buying life insurance, the higher the premium. For this reason, you should consider purchasing a plan while in your 20s and still healthy--or by the time you have people dependent on you, such as a spouse and children.

Why is life insurance so important? It helps your family cover financial burdens after you are gone. These expenses include funeral costs, medical bills, or other outstanding debt such as a mortgage. Essentially, it replaces lost income for the surviving spouse and covers future living expenses. Knowing that your loved ones will be taken care of once you're gone will also give you peace of mind. 


With so many life insurance plans available---even ones that do not require a doctor's exam, it's still important that you do your research before purchasing a plan that is right for you. First, look at your monthly income, expenses, and debts. Calculate what money you have left after monthly bills are paid to see what payment plan works best for your family. Secondly, decide on what type of coverage you need. For example, do you have a mortgage payment, a child's college education to pay, or a personal/business loan debt? Lastly, choose which type of policy will provide exactly what you need. Some of the more popular options are term life (which lasts about 10-30 years) or a whole life policy (permanent). 

Speak to a financial planner to review your situation and find out what policy is most affordable to you. Once you select the right plan that does not require an exam and sign up, you'll have peace of mind knowing your family will be taken care of and avoid financial stress in the future. 

***DISCLAIMER: This blog post is in partnership with Responsival.



  1. I don't have life insurance and never have had it just can't afford it



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