Let’s start with that long gone are the days when you have to get a full physical in order to be approved for a life insurance policy. As a matter of fact many companies are now offering an application process that does not need a medical exam. You will certainly agree that this is great news for all persons who do not want to go through the hassle of a physical, no matter for what reasons – time constraints or fear of needles. Additionally it’s also great news for those people who are in good health and do not want to wait several weeks for their life insurance policy in order to complete the underwriting process.

You might also would like to know what are the benefits of this type of policy.

Essentially no medical exam is required (so there’s no blood drawn and no urinalysis)

Secondly, it is quicker than usual whole life insurance (sometimes instantly, if you qualify)

It should be also pointed out that it can be done from the comfort of your home

The other vital question that is needed to be answered is whether there are any limitations.

Yes, you truly can. In order to provide you with more information and so better understanding of the matter there is a need to point out that nearly all companies have a maximum amount of $500,000 so you won’t be able to get as much coverage as you would with a traditional policy. But in the case your need is $500,000 or less then this will be ok for you. You need to know that it is necessary for you to be in general good health. You need also to take into consideration that in the case you have any serious pre-existing health conditions, it will be better for you to pick traditional life insurance policy with a physical exam. Some medications for blood pressure and cholesterol are ok, though you won’t get the highest health rating.

It goes without saying that you should be completely honest concerning all of your health history because a life insurance company will check your medical background and, in some cases, your driving history through various databases. Keep in mind that if you’ve had a DUI or recent speeding tickets, then you will not be approved for a life insurance policy without a medical exam.

The other important thing for you to take into account is how exactly to do it.

The truth is that the application from for life insurance policies that need no medical exam are usually just a few steps:

1. It is required to fill out an application online and answer some easy health questions.

2. It is necessary to review the rate for your specific situation (health history, age, height, weight, etc.).

3. It is necessary to you submit your application and your policy can be approved in just a few short minutes.

4. It is necessary to print out your policy and you’re finished.

To conclude it all it should be pointed out that in the case you are in general good health, and you do not want to wait several weeks for a typical life insurance approval, then this sort of policy may be ideal for you.

More info about whole life insurance rates on this cheap whole life insurance site.