Do you need to take a medical exam in order to buy life insurance? We answer this question in today’s Quotacy Q&A Friday video by explaining what types of life insurance you can buy without a physical exam.
Subscribe to our videosVideo Transcript
Welcome to Quotacy’s Q&A Friday where we answer your life insurance questions. Quotacy is an online life insurance agency where you can get life insurance on your terms.
I’m Jeanna and I’m Natasha.
It’s almost Halloween so we’re going to discuss the scary topic of the life insurance medical exam. And specifically today we’re answering the question:
Do I need to get a medical exam to buy life insurance?
Yes… and no. It depends on the type of life insurance you’re applying for, but life insurance companies are working to make the buying process less complicated and that does include eliminating a medical exam when it makes sense.
The main purpose of requiring a medical exam is to actually keep costs low for the population as a whole. The insurance company evaluates your