Term Life Insurance With No Medical Exam

By: Kum Martin
Life is a very crucial element and everyone wishes to protect it. Sometimes you have to think about securing other's life when you are alive. And for that you can opt for term life insurance which is specially designed for specific terms. After you have bought the policy, you have to pay the desired premium for a fixed term for ten to thirty years.
Generally, other life insurance policies ask you to go through medical exams, but for term life insurance you do not need to go through any medical tests. It saves you from the trouble of blood tests and several such exams.
Term life insurances are specified for terms and are called temporary insurance. They give you coverage for specific term like till your child finishes his education or you retire, etc. You have to pay for the policy for that term and towards the end of it, claim for it. If you do not claim it between the tenure, you will not get any benefits from the policy. Few people like to buy policies which are permanent and not temporary which involves benefits for the lifetime. Both can work great for different kind of people.
Term life insurance is best suited for you, if your family is young and has huge financial obligations. After buying this insurance, you do not have to pay heavy premiums and you can buy several small term policies where you can cover your life and your family's security. It is also a perfect option for you during income losses. Whereas, the permanent policies can prove to be very high on premium cost but is beneficial in the long run.