No physical life insurance is a life insurance policy that is granted without your having to take a physical exam. While most insurance companies still require an applicant to get a full physical exam, there are a number of insurance companies that understand that it is hard for many people to schedule this in.
While it is possible to get life insurance without having to get a physical exam, there are a number of conditions that apply to such insurance policies. For one, you have to be under 40 years of age in most cases to qualify for such a policy. Another thing to be aware of is that the insurance company will require you to fill out a detailed questionnaire on your health. They will grant or deny your application based in large part on this questionnaire.
Another thing to keep in mind is that no physical life insurance is, for the most part, no physical term life insurance. That means that the insurance policy is valid for a certain term period, after which it will expire if not renewed. There is also in most cases a $100,000 limit on the policy; if you want a higher limit you will either need to get a physical exam or, in some cases, a mouth swab will suffice. The rules regarding this vary from company to company.
If you are unsure which insurance companies grant life insurance policies without requiring a physical exam, then try asking your health insurance company. It is possible that your own health insurance company provides this kind of insurance. Your home and/or car insurance company may also be able to provide you with helpful information.
Always check the policy one last time before signing it. You should be completely aware of the whole life insurance definition and all the terms and conditions and understand all that the policy entails before you sign it.
