Life Insurance No Physical Exam Oregon
Reader’s Question:
I’ve been rejected a number of times for life insurance because of my age and medical history. Is there a life insurance no physical exam?
Helen
Salem OR
Medical examination is a requirement in all insurance policies, which makes it hard for some people with medical problems to get life insurance policies. If ever they get approved, it would usually cost them arm-and-leg. But do not despair, Helen. Some life insurance companies offer insurance products to accommodate those people who have medical issues or risk factors that their chance of being approved for life insurance is impossible.
Life insurance companies in Oregon will usually deny insurance to aged people who are inflicted with chronic diseases, especially those in advanced stage, such as: hypertension, diabetes, congestive heart failure, multiple sclerosis, and others. Cancer can also be a factor to invalidate you from getting a life insurance policy. People with mental health and neurological disease can also have a hard time getting a life insurance. People who have danger-prone occupations or who are into hazardous activities and hobbies can also have difficulty in getting life insurance coverage.
Some insurance companies in Oregon created the life insurance no physical exam to answer the needs of those people always rejected by insurers for a life policy. Life insurance no physical exam type of policy that does not need any background and medical check up is usually termed as ‘guaranteed issue life insurance’ or ‘guaranteed approval life insurance.’ As its name suggests, one can get a 100% approval whatever is the person’s past and present medical situation or occupation. This life insurance policy is specifically designed for people who are considered high-risk that other insurers would automatically turn them down.
Since guaranteed issue life insurance does not require any underwriting measures, it will definitely cost higher than the usual standard life insurance. In lieu of the medical exams and legibility assessments, insurance companies would charge higher for guaranteed approval life insurance. So it is advise that before you go get a life insurance no physical exam, apply first to typical standard insurance which requires medical exams and underwriting processes.
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