As part of The Coverage Couple’s FAQ series, we’ll be answering the question “Do I need a physical or a medical exam to qualify for life insurance?”
Exams to qualify for life Insurance:
Short and sweet: No, you absolutely don’t need a physical to obtain life insurance! In fact, many life insurance carrier partners of ours at thecoveragecouple.com offer policies specifically designed for efficient approval. This simplified process exists because some of the best insurers have embraced new technologies that work like an automated credit check. By reviewing key aspects of your medical history, the system involved both digital and human systems to provide an approval result within minutes or hours!
Other policies we provide are known as “express issue,” because they avoid the traditional underwriter’s desk, and rely on totally digital underwriting. This “instant” point of service decision is a new arrival on the market in the last couple years but is a trustworthy method that provides accurate decisions. Many carriers have been slow to accept this instant process to forfeit the human layer of risk insulation. After all, the insurer providing $1,000,000 in exchange for $100 of your dollars, as an example, requires a lot of risk by the insurer!
There’s a happy medium to strike for sake of your convenience and cost-effectiveness. The best part is at TCC, we study and master the policies available on the market every day, and through personal experience can eliminate the choices that don’t make sense for you, if you’d rather skip over the physical exam altogether. However, if you’re willing to go the traditional route and get visit by a trained clinician or nurse, that will serve you well. This person is qualified and trained, with no affiliation to any insurance carrier. They’re an impartial witness that spends a few minutes making sure you’re alive, asking you to step on a scale, and maybe gathering a lab sample from the inside of your cheek. So, no matter what your situation, the good news is we’ll have a variety of solutions for your review, which is the biggest advantage of The Coverage Couple: we have more carrier partners than ANY brokerage!
NOTE: Here’s a little-known fact about the insurance industry many advisors aren’t even aware of… When you receive a paramedical exam (that’s the fancy term for health physical) carriers of all types can accept that physical for up to 3 months in most cases! The reason why this is so important is because when you’re in the market for a new home or car, you’ll want to compare several choices in the market. Once you know what you want, can qualify for, and suits your needs, we suggest if the first policy we propose doesn’t go through due to any number of reasons, your physical can be submitted for 90-days to secure insurance through another top-rated carrier after we identify the issue. We leave no stone unturned, and always have great options at our fingertips.
We commit to conducting deep investigative research for you and would like for you to reserve time with us, without any cost or obligation. We’ll carefully listen, and then follow up with a proven, practical, custom proposal for your review. HERE is our official invitation to take part in The Coverage Couple Challenge, where EVERYONE WINS. Visit the Scheduling Page at thecoveragecouple.com to see how much we can save you on your existing coverage or provide a financial risk assessment and needs analysis for your review if you’re unprotected and uninvested. We hope to hear from you soon because your life is worth the investment!
-Aaron & Sarah, The Coverage Couple