Term Life Insurance No Medical Exam
What is Term Life Insurance? Term Life Insurance is an insurance plan, which provides affordable coverage for a certain number of years.
If you want to get coverage at affordable rates or need to pay debts, clear financial responsibilities then Term Life Insurance no Medical Examination will benefit you.
Also, if you want to supplement work policy or permanent policy then this plan is right one for you. Term Life Insurance without medical tests and its benefits.
Why do you need it?
You need this to provide your family with adequate financial support. When you buy Term life insurance, you can free from the worries about the future, your children’s college fees and so on. This plan will cover your mortgage expenses and also your loans and debts. Since term life insurance policies are available at affordable prices, you need not worry about maintaining it.
Certain life insurance companies provide Term life insurance without medical tests. That suggests that you do not have to go through medical tests for being able to purchase the term insurance. However, if you are an applicant who has pre-existing medical problems like chronic disease, then you may have to go through a medical test after all.
Usually, Term life insurance policies allow people above 18 years of age to apply and the age is limited to 65 years. You can choose the type of plan you want to go for. It can be a single life basis insurance plan or a joint life basis term insurance plan.
There are several benefits like tax benefits, maturity benefits, additional benefits and death benefits that come along with term life insurance plans. The points below discuss the benefits that come under the term life insurance policy.
- The benefits of maturity is that it returns all the premiums paid as long as the policy is in force and the policy holder is alive till the end of the term of the policy.
- When it comes to death benefits, if the policy holder happens to pass away, the select nominees get the benefits, which are under the term life insurance plans. This is done to protect loved ones and their futures.
- There are tax benefits as well. You get tax benefits on the premiums paid for being a policy holder of term life insurance.
- Additional benefits include the option of purchasing options coverage such as accidental death, critical illness coverage or disability.
If you want to secure your and your loved ones’ future, then considering a term life insurance would be wise. It not only helps you pay your mortgage, financial loans and debts but also provides security for the future.
In your absence, your family will be able to live without shouldering every bit of financial responsibility. Moreover, you don’t have to go through medical tests if you sign up for this. Hence, learn about the several benefits that you can enjoy on buying senior life insurance no medical examination and make your decision.