Benefits of Life Insurance With No Medical Exam

By Imma Sila

Dying suddenly because of unexpected illness, natural causes or an accident can occur at any given time. Life insurance plays an important role in helping your family pay the bills, college education, mortgage and more after you are gone. Although nothing can replace a loved one, planning with insurance can help to make things easier for the survivors. Life insurance with no medical exam is recommended for any person with pre-existing medical conditions. It is also ideal for people who are looking for an insurance policy without the hassle of a medical checkup. This kind of policy makes it possible to receive insurance within days of receiving approval. The benefits of the no-medical exam polices include:

· Protects loved ones

During your lifetime, you work hard to ensure your loved ones- spouse, children, parents and other relatives- are well taken care of. Therefore, it is important to plan for their future financial support as well. This will ensure their lifestyle is maintained until they are able to find other sources of income.

· Funeral & burial cost

Funerals can be expensive accounting for tens of thousands of dollars, for an average funeral service. You may not want your loved ones to bear such a burden at a time when they are grappling with the loss of a loved one. The right insurance cover can provide the necessary support without exerting a lot of pressure on the family. Therefore, death should not mean debt. You can help your family cater for any financial responsibilities left after you are gone.

· Supplement your retirement

The no-medical exam insurance can provide the necessary cash to ensure your savings for retirement last your lifespan. You can consider putting some of your money in insurance to receive a stream of income every month, over your life.

· Cater for emergencies

If you have been diagnosed with a serious illness, it is important to consider enough insurance coverage. Insurance can provide the necessary financial support to cover a terminal illness. Furthermore, insurance can be used to pay off any emergencies. This is possible because you can request for a loan against the insurance.

· Safeguard the business

Insurance can protect your business from any financial loss, instability or liability arising from the death of a partner or owner. Insurance can prove invaluable by maintaining the business that you and your partner (if any) have worked hard to build. It can provide short-term cash to keep the business operating until things settle.

We provide the best info about life insurance no medical exam. For further details on this topic, click here!

Article Source: http://EzineArticles.com/?expert=Imma_Sila

Share this on your favourite network