I have life insurance coverage through my employer here in California but I don’t think I have enough coverage. What is my best bet for additional life insurance cover without going through a medical examination?

Ivette

Costa Mesa, CA

It’s a good decision to get additional coverage for your life insurance even though you already have it through your employer in California. And since you don’t want to go through a medical examination, your best bet on this is the term life insurance with no exam. This kind of policy would let you buy life insurance coverage without a lot of hassles. This is very convenient because if you opt to go online to purchase your life insurance, you could also obtain an instant quote for term life insurance with no exam and know the fees in just a few minutes. You can get instant life insurance quotes from a lot of insurers prior to making a final decision. You can determine what the policy covers and it that one is what you need.

In case you opt to work with a life insurance expert to acquire all the information, you can get term life insurance with no exam through this as well. You have to let your life insurance representative know that you need a policy that doesn’t ask you to go through a physical exam so as to provide you the right life insurance quote.

Just a little reminder, though, that you may not get the coverage you would with a conventional life insurance policy that requires a medical exam. You have to evaluate and determine if a physical exam will not give you better coverage which would also include health-related deaths. A life insurance expert could help you make a decision on this.

What’s the most effective way to get cheap term life insurance quotes? I only need life insurance coverage for the next five years, so I don’t want to pay too much! Thanks!

Margot

Cedar Rapids, IA

Good question. The right kind of term life insurance policy would not only give you the peace of mind knowing your family or dependents are financially secured, it could also stand to save you hundreds of dollars a year. Here are some effective tips to help you out:

Avoid Group Term Life Coverage

You’re rates could probably do better if you go with an individual life insurance policy as opposed to group life coverage, which tends to be at your disadvantage, since most high-risk member makes the rates more expensive everyone else.

Avoid No-Exam Term Life Policies

If you’re relatively young and in good health, there is no reason to avoid the physical exam. No-Exam life coverage is much more expensive because the insurers are taking a bigger risk for not knowing you’re likelihood to die within the coverage period. So unless you have a terminal illness which makes you uninsurable, why overpay?

Kick Away That Cigarette

Did you know that smokers pay three to four times more on life insurance compared to non-smokers? Even if you only finish a pack a week or a pack a month, usage of cigarettes and other nicotine-based products would automatically give you a those high smokers’ rate with most insurers. It takes tow or three years of zero-smoking to get your rates to a non-smoker.

Shop Around For The Lowest Quotes

Getting to compare the cheapest term life insurance quotes, coming from a wider range of insurers in the market, is the best way to maximize your chance of getting the most affordable term life insurance coverage around. In fact, this website is a great place to start your search, with the free insurance quote search tool found here.

Rates Are Cheapest While You’re Young And Healthy

Buy while you are still in relative good health. Buying while you are young gives you access to the cheapest life insurance rates, especially now that premiums have gone down significantly.