If you’ve ever been denied for life insurance because of health reasons, it isn’t the end of the road. The good news is that you still have options available to you for getting the coverage that you need – and the peace of mind that your loved ones deserve. You can do so by applying for a no exam life insurance policy through Foresters.
With no exam life insurance, there is no medical examination required in order to be approved for coverage. This means that, unlike more traditionally underwritten types of life insurance, you won’t be required to submit a blood and urine sample, nor go through any other form of paramed exam.
With no exam life insurance, you won’t need to wade through a long list of health questions on the application for coverage. In most cases, there are usually only just a few quick health related questions to answer – then once you submit the application to the insurer, an answer regarding approval can typically be had within just days, not weeks or months.
This means that not only can you obtain the life insurance coverage that you need – but you can also get it quickly. No need to wait, wondering if or when you will ever be approved for the life insurance protection that you and your loved ones need to complete your financial protection.
Today, there are many qualify life insurers that offer no medical exam life insurance coverage. Foresters offers a no medical exam term life insurance plan called LifeFirst. With this policy, applicants who are between the ages of 18 and 55 can apply for up to $250,000 in death benefit and have no medical examination to contend with in order to be approved. For those who are over age 55, up to $150,000 in death benefit can be applied for without a medical exam.
The company also offers another no medical exam plan for those who are interested in purchasing final expense coverage. This policy, referred to as PlanRight, offers level premiums that are locked in for the remainder of an insured’s lifetime.
Unlike many other insurance companies, Foresters operates as a fraternal benefit society. This means that the company is member based, and therefore works to enrich the lives of its members as versus a group of underlying investors or stockholders.
The company has been in operation for more than 140 years. It offers a variety of different life insurance products to choose from, including term life and universal life, as well as an accidental death insurance policy. Optional riders are also available on many of the company’s life insurance plans.
What many policy holders measure an underlying insurer on is its financial strength, as they will need the company to be there for survivors in paying out the death claim when the time comes. Foresters is considered to be financially strong, based on its ratings from the insurance company rating agencies. With total assets of more than $10.5 billion, A.M. Best has rated Foresters as an A, meaning Excellent – the same rating that it has been given for more than 14 years. With this in mind, policy holders can be assured that the insurer is likely to be stable going forward.
When considering a no exam life insurance policy, there are several advantages and drawbacks to consider before moving forward. First, these types of policies can be an ideal solution for those who are unable to obtain coverage from any other source. This means that individuals who may have various health issues, as well as those who may participate in hobbies or occupations that are considered too “risky” to insure under traditional policies can still obtain the coverage that they need through this alternative channel.
There are others who may also benefit from no medical exam life insurance, too. Those who may have a phobia or fear of needles, for instance, may shy away from applying for traditionally underwritten life insurance due to the blood sample that is required. Yet, in doing so, they are doing their loved ones a major financial disservice. A no medical exam policy can be a way to eliminate their fear, and still obtain life insurance protection.
In return for fast and easier approval, however, it is important to note that no exam life insurance does come at a price – and in most cases, the premium that is charged for these policies will be quite a bit more than for a comparable life insurance plan that is underwritten using a medical exam. Therefore, if you are able to submit an application through the traditional sources, it is a good idea to do some premium comparison prior to making your purchase.
For those who are ready to move forward with a Foresters no exam life insurance policy, we can help you to get the process started. We can also help you to make policy and premium comparisons with other highly rated carriers before you make your ultimate purchase decision. We work with many of the best life insurance companies in the nation – and we can help you to find the policy, and the premium, that best fits in with your needs and your monetary budget.
If you would like to see what is available to you in terms of life insurance and policy premiums, without the need to ever meet in person with a life insurance agent, then go ahead and use the form on this page. We also have highly trained experts who are available to answer any questions or concerns that you may have throughout the process. Please feel free to contact us directly, toll-free, at 888-229-7522 and we will be happy to help. As you consider your life insurance choices, we want to help you ensure that you end up with the plan that is best for you and those that you care about.