Life insurance no exam is a unique policy that has many plus points. But the only minus point it has overshadows all these plus points. Before going to that first let us have a look at the salient features of the policy.
• Unlike all other life insurance policies, no exam policies do not ask you for any medical tests.  
• Most other policies take four to six weeks to finish all underwriting process. The no exam policies on the other hand complete the job within a very short time span and you may have coverage within twenty-four hours.   

If you want instant coverage, the life insurance no exam policies are the best option for you. But the point is: these policies are very expensive. Not only that, despite their higher rates, these are only term life policies that means they don’t provide any return unless the insured dies with the valid period. You must decide how coverage you want to have before buying the policy. 

Therefore, if you want instant term life insurance coverage be ready to pay at a higher rate. Start the purchase process by going online to look for its quotes. Indeed, you not only get such life insurance quote on line, but if you wish, you can complete the entire procedure online without any face-to-face dealings. The purchase procedure is easy. You only have to decide on the appropriate coverage amount and coverage term, fill up an online form and hit the submit button. If you qualify, you will start getting the coverage from the next day only.

It is a fact that a whole life policy such as the graded life also provides you the coverage without conducting any medical test, but that is all together a different policy. The main differences between the two are:

• For any life insurance no exam policy you need to answer some health related questions, but the graded policy exempts you even from that. 
• The coverage under the graded policy is guaranteed, but for a no exam policy you are required to qualify. 
• If you qualify, the no medical policies provide coverage for the full amount and that too for death due to any reason. Under graded policy, the full coverage is applicable only after two years. 

Both these no medical life insurance policies have their own pluses and minuses. So you first decide which one will be suitable to you more. The term life no exam policies are naturally more affordable than the graded policies. However, to to know exactly the difference in price, you should compare quotes first. 

The process of purchasing insurance always begins with receiving quotes. These quotes are just estimates. The actual price can be little different. However, to make sure that they do not too much of variations, you should always provide accurate information in a quote form. Receiving life insurance quote on line takes a very little time; but you should never hurry through the process.

 If you go online you can get instant term life insurance quotes to buy life insurance no exam policies, but the point is: you must get all your facts right before you fill up the form or hit the submit button. A fully underwritten term life insurance policy usually requires the following:

However, all these are more applicable for traditional fully underwritten term life policies, but for life insurance no exam, the carriers may not be interested in your body mass index or tobacco use. Actually, they cannot validate such facts without direct physical verification or blood test. Indeed, the medical exam that the carriers takes are merely paramedical in nature and does not involve anything more than taking measurement of height and weight, pulse rate and blood pressure, collection of blood and urine samples. However, without such test, the carriers cannot be sure of many important factors and hence they face greater risk in insuring you. That is why such plans are rather expensive; opt for them only if you have to. 
  
Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on whole life insurance and universal life insurance, visit his site today.