No physical life insurance and no physical term life insurance are simply insurance policies that does not require you to pass a physical or any kind of medical exam at the doctor’s office before you apply. There are literally hundreds of online insurance companies offering both regular and term life insurance with no physical examinations required. Think that’s crazy talk? Look for yourself.
Why do companies do this? Quite simply, there are busy and lazy people out there that are happy to pay a little extra to not have to deal with it. Watch it though, often times many of these so called no physical life insurance companies put in some fine print you need to be wary of. They may ask for a physical or some kind of exam sometime in the future with regular checkups. If this is something you’re trying to avoid, you should read the fine print for your life insurance. No physical exam benefit packages are not very common, but they are out there and growing.
There are often limitations regarding the amount of coverage, past medical histories, or age limits. These limitations are starting to get more competitive online though as the limitations are becoming more lax with more benefits every day due to competition.
Term life insurance policies usually run 10-30 years. The premiums during these terms do not increase and the amounts of benefits you can receive do not ever diminish. No physical life insurance can be a good idea if you cannot be bothered to go take an exam but be ready for complications if you have had pre-existing conditions or are not between the age group 18-60. Make sure you do a little searching to find the company perfect for you. Also be wary of the fine print that may or may not require checkups at a later date.
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