Reader’s Question

Lately, I have seen many advertisements here in Colorado that a person can get life insurance without undergoing any medical examination. May I know what is the difference between a normal life insurance and the other one which is a Colorado life insurance no medical exam kind of plan? Thank you very much.

Robert Andrews

Boulder CO

Hi Robert, it is good to know that you have been reading our posts here. With regards to your question, yes, there are life insurance plans like the one you mentioned – a life insurance no medical exam type which you may get from some life insurance providers. This type of insurance, obviously, is offered to clients without the clients needing to go through or be subjected to any medical procedure. This is increasing in numbers really, as these Colorado providers may have realized that many people will be willing to get a plan for themselves especially with this kind of arrangement. It seems very convenient for their prospective clients, indeed. You must bear in mind, though, that it may say in their advertisement or promotional materials that they do not require a medical exam but they will still need to ask you some medical-related questions. There are questions to better understand your needs, and by asking questions mostly about the medical history of your family or immediate relatives, the insurance policy provider would be able to draw up a plan which would work best for you.

The main difference between this type of plan and the other, aside from the medical examination requirement, is in the life insurance payments or premiums that come with them, which you have to pay regularly – they may be higher and heavier on your pocket. As you must understand that since you actually have not given them a clear medical certificate or results to rule out some health concerns you should know about yourself, they have no way of knowing them as well except from the answers you have given them which may be inadequate to really assess your health situation and medical needs. So they will incorporate some factors that will lead you to a secured future for your family once that unfortunate time comes.

One of the advantages of checking out the Colorado life insurance rates with no exam from different insurance companies is that you can shop around to get the cheapest life insurance policy that meets your needs. The cost of the term life insurance rates will depend on the amount of coverage you get, but you also need to be aware about the details of the policy.