Life insurance no exam packages are offered for two categories of insurance – term and standard. Everyone knows that one of the main criteria of insurance policies is a good health record.  So, when you first come across a policy that offers life insurance with no medical exam, you may think it is a scam.  Actually, this kind of policy is offered by many insurance companies and by answering just a few questions, you can be eligible for this policy.

When you obtain cheap term life insurance quotes on the Internet, there are a certain set of questions that will need to be answered.  These include:
- Age
- Address
- Gender
- Smoker or non-smoker
- Height
- Weight
- Length of term
- Coverage amount
- Return of premium.

Once you submit this questionnaire, you can get instant quotes that will give you a rough calculation as to the costs you will incur if you take up a certain policy.  Compare multiple quotes and you can obtain cheap life insurance.

Many people might not be interested in taking part of a medical exam and as a result might not even get insurance at all. Either they are too busy to go thru the process of medical examination or they are hate x-rays, needles etc. For such people, there is another alternative available. They can log in to the net and fill the questionnaire with information they feel right with a little more information related to their health. Once after submission of online questionnaire, if your application is found eligible you will be given life insurance no exam policy.

If you are young and healthy, there are better chances of getting a life insurance no exam policy.  Getting life insurance no exam not only eliminates the hassle of undergoing endless medical tests but you can also get the policy active very quickly and pay online using a credit card.  Before you decide on which type of insurance to get, study both standard and term life insurance.  Both of these are eligible for no exam options.  Standard life insurance packages are for the entire life of the insured person. Premiums on this are high, but there is a savings component included. 

Term or temporary life plans are for short term coverage from 1-30 years.  Premiums are low but the beneficiaries are not eligible for any payment if the insured person outlives the policy term.  Mostly, life insurance no exams are offered more under term life rather than permanent insurance policies.  The rates will remain constant throughout the period of the policy and if your health deteriorates during the term of the policy, the insurance company cannot increase your premium amounts. 

When you seek instant term life insurance quotes, you see that term life insurance policies with medical exam, are cheaper than without a medical exam. So take a final decision as to your health condition, against insurance cause when you take any one of these. The coverage amount for a ‘life insurance no exam’ policy will not exceed $500,000; consult an agent who will give full information about these and other kinds of policies before you decide on it.

Yet another scheme where in no medical exam is needed is the guaranteed issue individual life insurance policy. This is ideally designed for elderly people who might not go thru the process of medical examination or by answering any questionnaire. There is a short term policies or ‘funeral’ policies meant for funeral expenses without making the relatives suffer with that cost. Coverage is small and the rates are high as only the preliminary information is obtained from the applicant. This could also be used to replace the pre-existing policy and not as a separate policy altogether.

Finally think of life insurance no exam policy, if you do not want to have medical test on account of disqualified case like smoker, get a policy without quitting, poor driving history etc. If you are young and healthy, better to have a medical test and normal priced policy so that you protect your loved ones from unforeseen problems. Life insurance no exam policy is meant to ensure for all, if they need is life insurance coverage. Go for this policy if you are in dire need.