Reader’s Question:

Would I need to undergo a medical exam before I can get a life insurance company here in Connecticut?

Blake

Stamford, CT

It is not always necessary for you to undergo a physical or medical exam in order to qualify for a life insurance policy there in Connecticut (or anywhere for that matter). This has not always been the case though, in the past when there was not much competition, you had to work with the life insurance provider’s terms and that would include taking a medical exam to assess your longevity and to minimize the risk that the life insurance company might have to pay death benefits in the near future for you.

The Internet has been very instrumental in fostering competition in the life insurance industry. Now there are more providers and companies competing for your business with policies that features guaranteed life insurance coverage and No-Exam requirements. There are a few things you should know though, before turning your back on a provider requiring you to get a physical or medical exam.

Most No-Exam or Guaranteed Life Insurance policies costs much more, compared to the life insurance premiums rates you might get if you have undergone the exam. If you are still young, with no serious illness or debilitating medical conditions or, otherwise, is in general good health, than there shouldn’t be anything significant for you to hesitate getting that exam. Most guaranteed life insurance take advantage of those people who are unable to pass the exam due to medical or other reasons, hence they are charged more.

Tags: connecticut life insurance, Guaranteed Life Insurance, life insurance company, life insurance policy