Question:

Are there any downsides to buying no exam life insurance online Aurora? I am seriously considering buying one.

Roxanne,
Aurora, IL

Answer:

There are several things that a potential life insurance policyholder like you should realize in buying no exam life insurance online Aurora. While it is very convenient to obtain life insurance coverage, there is always a chance that you will have to pay higher premiums each month for less coverage. Most people suffering from health issues think they may not be eligible for other types of life insurance so they just opt into buying no exam life insurance online Aurora. But it may be ideal if they shop first for other types of life insurance instead of just buying no exam life insurance online Aurora. At times, the health condition they have may not be that great an obstacle into buying cheap insurance policies.

Another thing that you have to realize is that there is no kind of limitations on existing health conditions. The fact is, pre-existing health conditions may affect your benefits. For instance, if the underwriter decides that you did not give accurate information on your health particularly on a pre-existing health condition at the time that you purchased a policy, there is a risk that your coverage will be considered null and void. In case you were honest about not knowing any health conditions when you signed up for an insurance, there could be some restrictions on such conditions for a particular period of time.

Likewise, you should know that there are some no exam life insurance policies that have 1-2 year exclusions on certain conditions. For example if you die before the expiration of the exclusion period then your dependent will not get anything from the policy. You should ask about these provisions before buying no exam life insurance online Aurora.