Insurance sans physical could come costly
Getting a life insurance policy involves going in for a physical — something many people don’t like and get quite nervous about. If you belong to that category, you’d probably be interested in buying a life insurance policy that doesn’t require a physical exam, but be warned, you could be making a huge financial mistake. Wgtndailynews.com reports:
"While it may be more convenient to buy insurance that way, it will cost you a fortune in the long run," says Byron Udell, founder and CEO of AccuQuote, a Web-based company that offers free online insurance quotes. "These policies are significantly more expensive than their fully underwritten counterparts because the insurance company isn’t being given the opportunity to really evaluate its risk."
Read more: Life insurance Without an Exam Not a Good Idea
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