Not all life insurance policies require a medical exam. Like most insurance companies, Coosa Valley Financial Group offers many types of life insurance, including accidental death and dismemberment and final expense insurance. If you’d prefer to skip the medical exam, you have a few life insurance options to explore.
No Exam Options
While personal term life policies always require a medical examination, as do whole life and universal life policies, you have a few options for policies that don’t. Consider purchasing any of the following four life insurance policy types:
- Guaranteed issue life insurance
- Accidental death and dismemberment (AD&D) insurance
- Group life insurance
- Final expense insurance.
Group life insurance typically refers to a policy provided by your Rome, GA, employer as part of your overall benefits package.
Policies that Let You Decide the Benefit Amount
If you want to leave a death benefit to a beneficiary, opt for guaranteed issue life insurance. Final expense insurance only provides funds for your burial expenses, such as a coffin and burial plot. AD&D coverage only pays a death benefit if you perish in an accident. It also pays a benefit if you survive an accident that results in partial or complete dismemberment of any limb of your body.
Your Employer Decides the Group Insurance Benefit Payment
When your employer covers your life insurance with a group policy, every employee receives the same coverage. The employer’s choices determine the benefit to your loved ones, but you typically pay little to no premiums since your employer pays them. Sometimes, you can upgrade the benefit payment for an added premium.
Contact Coosa Valley Financial Group to Explore Your Options
So, if you want to add to your life insurance or start a new policy as an older individual, consult with the friendly insurance agents at Coosa Valley Financial Group in Rome, GA about your options.