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The following article was published in our article directory on July 24, 2010.
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Article Category: Business
Author Name: Mike Bartonolis
These days, there are a lot of insurance companies that are providing life insurance services as well as benefits without requiring any form of medical examination. In the early days, pre-existing medical conditions would make it very hard for a person to get life insurance coverage these days however, people can easily buy life insurance coverage even without a medical exam result.A no medical life insurance is aptly named because you will not be required by insurance companies to submit any form of medical exam result in order to be approved for the policy, this type of policy also does to have a specific age bracket so anyone can take advantage of its benefits and provide financial security for their loved ones after their death. Fully legitimate and reliable, this kind of insurance policy is offered by the most notable insurance providers in the industry and it is the kind of policy that companies provide their employees with which further proves it growing popularity. Another great thing about life insurance policies that require no medical exams is that they have very competitive rates and companies that offer such policy are more than happy to adjust their rates or offer great discounts in order to win your business; you can shop around for life insurance quotes from different providers and compare rates as well as discount offers which also help in saving you a lot of money. The total amount of the death benefits that your beneficiary would be entitled to is computed from the amount of money that you paid every month as an advance to the policy that you purchased. This particular kind of insurance is favorable for people who are looking for quick and easy ways to get full life insurance coverage and benefits.
On the other hand, there is another kind of insurance policy that is also very popular among a lot of life insurance policy holders and it is called the universal life insurance which is a very flexible kind of life insurance policy in such a way that it allows policy holders to set the amount of their own premium payments as well as their benefits package. This insurance policy is different because it's a kind of coverage plan wherein the monthly payment made by the policy holder earns interest over time and the interest is paid out to the policy holder. This kind of policy gives people the freedom and flexibility to get life insurance coverage that they can afford and still get the chance to earn its benefits over time.
Keywords: universal life insurance, no medical life insurance, life insurance
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