You know how things are here in New York New York NY. Everything is really frenetic and there is little time left to do many administrative chores. One of the things on my checklist is getting life insurance but I just don’t have the time. There’s got to be another way than just going to the insurance offices, right?

Joelle

New York, NY

Joelle, I wouldn’t really call getting life insurance an administrative chore but I guess to each her own, right? If you are in a hurry, you can always get instant life insurance quotes from online sources such as this one.

By just entering your zip code and taking the short quiz, you will be given instant life insurance quotes from five different insurers in New York New York NK. This, I guess, is convenient and fast enough for you, Joelle? Let me tell you now that even if you consider getting life insurance an administrative task, you still have to devote significant time to properly review and evaluate the instant life insurance quotes you will get from the quiz.

Remember that getting life insurance does not require some small change on your part only and if you wanted to get an instant life insurance policy online, you would even pay a higher amount so it is also advisable that you review whatever policy you’ll be giving your nod to. At the same time, you don’t want your beneficiaries to suffer the consequences of not reviewing your life insurance policy.

Consequences can range from a certain condition which will prohibit some beneficiaries to access the funds, or worse, not getting the funds they thought they were entitled to. In short, Joelle, you do not want the mess to hit the fan when you have passed away so you better set it up well now.

I’m 26 and I plan to purchase a life insurance policy. My friend told me that some life insurance companies require medical examinations. I would like to know the information that we need to provide during medical examination.

Janet

Buffalo, NY

Life insurance companies may require their policyholders to get a medical examination for the purpose of assessing accurately the risk. Medical examinations are usually required to people who are considered to be at older age and those who want to purchase higher life insurance premium.
If you were asked to take a medical examination, there is little information that you need to provide them. Doctors may check your eyes, ears, nose, throat, height, weight, pulse rate and blood pressure. You will be asked for the last period when you had your medical examination and why. Complete and detailed information can help in easier issuance of life insurance policy. If you were hospitalized, the life insurance company would like to know the reason, the result and whether you have already recovered. They will also ask you if you are taking any medications and its purpose. Urine specimen, blood sample, oral sample, chest x-ray or EKG may be required. The life insurance company may need your signature to authorize them to request medical information you had in the past. If a problem is uncovered on the initial medical examination, the life insurance company may require you to take a second medical examination or more.

I was told not to go with a no medical exam life insurance since I’m just in my mid-30s. Why should I buy (or not buy) life insurance without a health exam?

Lee

Albany, NY

Good question. A no health exam life insurance policy is a type of coverage that will either save you money or cost you more. This is because this kind of life insurance is not for everyone. No health exam policies cater to a market that either has a hard time getting live coverage (due to some medical or health condition) or does not want to undergo the rigors of a health test. This policy is more expensive than your average life insurance plan, since the insurer is taking a bigger risk for not knowing your state of health.

So a no health exam life policy the best type of life coverage for you? It would depend; unless you have a medical condition that makes you uninsurable then it will make more financial sense to go with regular life coverage instead (and take the medical test). This prevents you from paying unnecessarily higher life insurance premiums there in New York (or wherever you may be).

If you have had a hard time getting life insurance coverage due to health or medical reasons, then a no health exam life insurance plan is your best (and sometimes only) option. It would be more cost-effective for you to do so. Also, these days you can maximize your ability to get the best rates by using life insurance comparison websites. It allows you to access and compare the latest offers coming from a wide-variety of life insurers today.