Life insurance no medical

When arranging life insurance, insurers usually require you to provide information regarding your medical wellbeing, either via a questionnaire or exam.

This helps determine the likelihood of a claim being made so that they can accurately price your monthly premiums.

However, for those suffering from a pre-existing medical condition or wanting to bypass supplying medical information, there's the option for obtaining life insurance with no medical.

This can be in the form of either no medical questions or no medical exam.

It's possible to obtain life insurance with no medical questions.

Some forms of life assurance offer guaranteed acceptance, such as over 50 plans.

This means that they'll not take into account any information regarding your health to determine whether or not they'll provide cover.

As a result, you're not required to answer any medical questions, provide access to medical records or partake in a medical exam.

Many applicants aged 50 - 85 years choose over 50 life insurance, (sometimes referred to as over 50 plans).

A major advantage of over 50 life insurance is that they don't require a medical exam or ask any health questions.

Therefore, if you're older and/or in poor health, a guaranteed over 50 plan can be a great option.

A key feature of over 50 life insurance worth highlighting is the waiting period.

This defines a period of time at the start of a policy, usually 2 years, in which a claim can't be made if you pass away of natural causes.

(Although beneficiaries can receive back the premiums which you have been paid during this period).

If you're in your senior years and in good health, whole of life insurance may be a better option, potentially allowing you to secure more cover for a similar premium. However, these policies usually require medical information to be provided.

Contact Reassured today to discuss the best protection to suit your unique needs.

Yes. It's not possible to obtain term-based cover (decreasing or level) without providing any information on your medical wellbeing.

This is because insurers use this information to determine the likelihood of a claim.

However, it's not always necessary to undergo a physical medical exam.

In most instances, providing information regarding your wellbeing via medical questions on application is sufficient for insurers to determine the level of risk.

Whilst it isn’t a legal requirement to have life insurance to secure a mortgage, it's likely to be in your best interest if you have a partner or dependants.

Without cover, your passing could mean the full mortgage debt falls to them.

The inability to meet mortgage payments could result in your loved ones having to move from their family home.

A life insurance pay out could be used to pay off the remaining mortgage, alleviating financial strain at a difficult time.

As with other cover, mortgage life insurance won't necessarily result in a medical exam, but will require you to provide medical information.

If this is likely to result in you being declined or experiencing inflated premiums, you may benefit from life insurance with no medical questions, such as an over 50s plan.

This won't require you to provide any medical information but does require you to meet an age criteria.

Contact our team today to discuss the best option to protect your mortgage.

Your premiums are calculated by the insurer after looking at many factors, including your current health, smoking status and medical history.

The purpose of a medical is for the insurer to acquire a more detailed picture of your health.

This enables them to more accurately determine what your monthly premium should be.

Alternatively, an insurer may ask for permission to contact your doctor to obtain medical records.

Often, this provides sufficient reassurance for the insurer to approve your policy.

This will test for any abnormal/high-risk readings which would prevent an insurer from providing you with life cover or require them to inflate the cost of your premiums.

If your life insurance provider requires you to undergo a medical, they'll cover the cost of the examination.

Between the application and medical exam results, most insurers will provide you with accidental life cover.

This means that if you were to pass away during this period as a result of an accident, your loved ones will receive a pay out.

It's often believed there are a number of steps you can take to ensure you pass a medical exam.

However, in reality, the aspects measured are unlikely to be altered in the short period of time between the exam request and appointment.

Before attending your medical exam, you'll be advised on any action you should take prior, such as not eating for a defined period

Occasionally, following medical questions during the application, further information is required.

Instead of getting you to undergo a medical, insurers may request access to your medical records to obtain the required information.

In order to access your medical records, the insurer must obtain your permission.

Although, failure to grant this permission could result in your application being denied.

Following the start of your policy, insurers can access your medical records upon your passing or under suspicion of fraud.

This is as a result of the terms and conditions you'll have signed with your policy.

This will allow them to ensure all aspects of your application were truthful and if required, a claim is valid.

When medical information is required it can be tempting to withhold or distort information regarding your health.

This is known in insurance as non-disclosure.

However, as mentioned, if an insurer believes the information you've disclosed is untrue or they query information upon your death, a claim can be declined.

This could be uncovered either via your autopsy or reviewing your medical records.

To prevent your loved ones being denied a claim and your investment being wasted, it's essential you disclose all information regarding your health.