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Let’s start with that long gone are the days when you have to get a full physical in order to be approved for a life insurance policy. The truth is that numerous companies are now offering an application process that does not require a medical exam. You will certainly agree that this is great news for all individuals who do not want to go through the bother of a physical, no matter for what reasons – time constraints or fear of needles. Additionally it’s also great news for those persons who are in good health and do not want to wait several weeks for their life insurance policy in order to finish the underwriting process.

You might also would like to be aware of what are the benefits of this type of policy.

Essentially no medical exam is necessary (so there’s no blood drawn and no urinalysis)

Secondly, it is faster than usual whole life insurance quotes (sometimes instantly, if you qualify)

It should be also mentioned that it can be done from the comfort of your home

The other principal question that is needed to be answered is whether there are any limitations.

Yes, you really can. In order to provide you with more information and thus better awareness of the issue there is a need to point out that the majority of companies have a maximum amount of $500,000 so you won’t be able to get as much coverage as you would with a traditional policy. But in the case your need is $500,000 or less then this will be ok for you. You need to know that it is essential for you to be in general good health. You need also to take into consideration that in the case you have any serious pre-existing health conditions, it will be better for you to opt traditional life insurance policy with a physical exam. Some medications for blood pressure and cholesterol are ok, though you won’t get the highest health rating.

Needless to say that you should be totally honest about all of your health history as a life insurance company will check your medical background and, in some cases, your driving history through different databases. Take into account that if you’ve had a DUI or recent speeding tickets, then you will not be approved for a life insurance policy without a medical exam.

The other significant thing for you to take into account is how exactly to do it.

The point is that the application from for life insurance policies that require no medical exam are typically just a few steps:

1. It is required to fill out an application online and answer some easy health questions.

2. It is required to review the rate for your particular situation (health history, age, height, weight, etc.).

3. It is required to you submit your application and your policy can be approved in just a few short minutes.

4. It is necessary to print out your policy and you’re finished.

In conclusion it should be said that in the case you are in general good health, and you do not want to wait several weeks for a typical life insurance approval, then this kind of policy may be ideal for you.

More info about whole life insurance rates on this whole life insurance policies site.