Aside from getting life insurance, it’s important that you get the perfect life insurance policy available. One of the major portions of that is determining how much life insurance that you should buy. Not having enough life insurance coverage is one of the worst mistakes that you could make for your loved ones. If something were to happen to you, and your coverage were too small, then your family would be responsible for leftover bills and expenses that they wouldn’t have the money to cover.
When family’s start calculating their life insurance needs, they are surprised to see just how much coverage they would need. In fact, the vast majority of our clients decide that they need at least a million dollars or more in life insurance coverage.
When you’re applying for a million dollars of life insurance coverage, the company is going to look at dozens of different factors to determine how much they are going to charge you for insurance protection. They are going to look at any pre-existing conditions that you have if you use tobacco, and they are also going to require that you take a urine test. The urine test is going to look for any health conditions and reveal if you’ve taken any drugs in the past several months.
If you need more than a million dollars of life insurance coverage, then you won’t be able to get out of the drug test or the medical exam. The more coverage that you get, the more information that the insurance company is going to require.
At MillionDollarInsure.com, it’s our mission to ensure that you’re getting the best plan possible. This article is going to look at the different ways that you can skip a drug test and still get the coverage that you and your family deserve.
Avoiding the Drug Test
If you’re looking to skip the health exam and the drug test, there is an easy way that you can do that, by purchasing a no exam life insurance policy. These plans will allow you to purchase life insurance coverage without having to take the medical exam, which means that you won’t have to take the drug test either. If you’re looking to purchase a million dollars in life insurance coverage, then you’re going to be limited to only a few companies.
Most insurance companies are only going to allow you to purchase around $500,000, which isn’t enough life insurance protection for most families. There are only a few specific companies on the market that will allow you to purchase a million dollars of coverage without the medical exam. There are a few pros and cons that you should take note of when you’re shopping for life insurance protection.
One of the biggest advantages is how quickly you can be approved or these plans. With a no exam policy, you won’t have to wait for the insurance company to schedule the exam, and then get the results and run them through the underwriting. The whole process could take up to a month, but with a no exam plan, you can get coverage in a matter of days. If you want to get life insurance as quickly as possible, a no exam plan is going to be the best way to do that.
There are several disadvantages to these no medical exam policies that can make them a less efficient choice. One of the biggest drawbacks of these plans is that they are going to be much more expensive than other plans. The purpose of the medical exam is to give the insurance company more information on your health and to determine how much risk you are to give life insurance. Without the medical exam and the drug test, then they are taking a higher risk. They are going to offset that by charging you higher insurance premiums. If you want to get the lowest premiums, then you will need to apply for a traditional policy that requires the medical exam.
Finding the Best No Exam Million Dollar Life Insurance Coverage
There are hundreds and hundreds of companies on the market, and all of them are going to give you different rates depending on which company that you contact and their medical underwriting. Finding the perfect company could be the difference in getting an affordable policy or getting on that’s going to break your bank every month.
Instead of wasting hours and hours calling other companies, let one of our independent insurance agents do all of that hard work for you. Unlike a traditional insurance agent, our independent agents work with dozens and dozens of highly rated companies across the nation. Working with one of our independent insurance agents can save you both time and money.
If you have any questions about getting million dollars of life insurance coverage or your available options, please contact one of our agents today. We would love to answer those questions and connect you with the lowest insurance premiums available. It’s our mission to ensure that you’re getting the best rates possible.
You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the insurance coverage that your family deserves. If something tragic were to happen to you, and you didn’t have the proper life insurance protection in place, your family would be stranded with a massive amount of debts and expenses that they would have the money for.
We know that nobody ever wants to think about something awful happening to them, but it’s essential that you plan for the worst. Contact one of our agents, and we can get the process started today.