Life Insurance No Physical-Think Twice

You have probably seen advertisements in newspapers and magazines for life insurance requiring no physical examination, as a condition for getting insured. But what are the downsides of policies of this kind?  These policies are also known as “guaranteed issue” or “simplified issue” policies, with simplified issue insurance requiring that you just answer a few medical questions. On the surface of it, it seems like “no exam” is the type of life insurance that anyone would prefer. Why would I want to go to the trouble of getting a physical examination when so many companies seem very eager to sell me term life insurance no physical? Continue reading “Life Insurance No Physical-Think Twice”