There are a lot of people who believe that they cannot pass the medical exam that many life insurance policies require in order for them to receive coverage. Fortunately, there are a lot of coverage options available for individuals who cannot pass a medical exam. To start, there are several companies that specialize in life insurance that does not require a medical exam. While these policies tend to have smaller amounts of total coverage than life insurance policies that require a medical exam, they can be a valuable resource. A single one of these policies typically offers enough money to cover most of the expenses of a funeral. If a person needs more coverage than this, it is possible to combine several small policies together to get the amount of insurance that a family will need.
Another possibility is to look for a conditional policy. These policies provide coverage to a person as long as he or she meets certain terms. Usually, these conditions involve regular doctor visits for monitoring of their condition, but they can also include an agreement for the insured to make lifestyle changes such as losing weight or quitting smoking.
A final option is to opt for a policy that excludes coverage for death by the pre-existing condition. Essentially, these policies will only pay out to beneficiaries if the death occurs from something other than the medical conditions that are laid out in the policy. These types of policies have the added benefit of coming with cheaper premiums than what a person would otherwise normally pay.
Of course, life insurance policies that do not require individuals to pass any type of health exam and/or state a history of pre-existing conditions but cover just about everything usually have higher premiums than similar life insurance policies that do require health exams. Because of this, it is a good idea to take the tie to really consider exactly how much coverage you and your loved ones will need.