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Like most of the term life insurance life insurance no exam will be active only for the term period. If the insurer does not die during the term period then he or the dependants will not be eligible for any benefits. Also they do not provide any cash value and you do not get anything if you outlive the term. There is a misconception among people that term life insurance rates are very low, but that is not always true. Insurance policy like life insurance no exam are really costly and people who are in hurry to buy a policy can opt for such a costly policy.

What sets it apart from all other term life insurance policy is that the life insurance no exam, as its name suggests, exempts you from appearing for the mandatory medical test. As it is, the test is not a big issue because it is taken at the place and time of your choice. Moreover, it does not involve anything more than taking down measurement of height, weight, blood pressure, pulse rate and collection of blood and urine sample for later examination. A few health questions may also be asked.

Life insurance no exam is a instant policy and you need not waste time for the normal underwriting policy. Under the normal circumstance the actuaries use the data from the medical test and review the information to determine the probable lifespan of the person based which the rates are decided, this is a time consuming process. But in life insurance policy there is no underwriting process or it is very simple but on the other hand you pay thrice the amount of rate you would pay for a normal term insurance policy.

If you are person looking for a cheap term life insurance quotes then do not hesitate to take the medical test as this will reduce your insurance cost. Life insurance no exam is a instant coverage plan and it will be useful only for those who are in hurry or for a short period so that the extra amount will not really matter. Since these are instant coverage they do not cover death due to any cause barring death by suicide and that too if it takes place within the first two years. Only after that the will cover all the deaths with out any exclusion.

Life insurance no exam is a instant plan as discussed earlier but still there is no guarantee that you will get one. You need to answer fee questions related to your health condition and based on that you will be provided a policy. In fact they go through several question like:
•    The application form has a long list of ailments. The carriers before providing the coverage will want to know if in the last five years you have been advised treatment for, if you have been treated for, or if you have consulted a physician or any other practitioner for these ailments.
•    They will also want to know if in the last five years you have been admitted to a hospital any other medical facility for diseases like chest pain, high blood pressure, maniac depression or other nervous and mental disorder, liver disease etc. They will run you through the Medical Insurance Bank to check the validity of your answers.
•    They will want to know if in the past two years, your driving license has been revoked or suspended for any reason or if you have been convicted of reckless driving, driving without license or under the influence of alcohol or drugs. They will scrutinize your driving record and check it with Motor Vehicle Report.
•    They will want to be sure that you do not generally take part in any risky activities and your occupation does not pose any great danger to your physical wellbeing.

The questions do not end here. They may want to know if you have been diagnosed or received treatment for AIDS or for HIV Positive in the ELISA-WESTERN BLOT series or if you have noticed some weight loss recently and many more.

Even after providing these information there is no guarantee that you will get a policy. So life insurance no exam seems to be convenient, coverage is never guaranteed. Even if the carriers are ready to provide coverage the insurance rate will be very high due the high amount of risk involved. So if you really want a cheap life insurance then get ready to have your height, weight, BP and pulse rate measured, urine and blood samples tested and to answer the questions asked about your health and your family history.

All said and done, unless you are young and healthy, only the medical examination cannot help you to receive cheap term life insurance quotes. Life insurance no exam is expensive, but other factors can also raise your rates. Tobacco use is as much responsible for higher quotes as age, gender, obesity and lifestyle is. Therefore, be careful how you live.

David Livingston owns an insurance business that deals primarily in life insurance. If you would like to get the most competitive term life insurance rates or to find out about the term life insurance cost, visit his site today.

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