If you suffer from Trypanophobia, just know that you are not alone. You are actually very normal, as 25% of people have Trypanophobia.
We are simply scared of getting our blood drawn, getting a shot, or even going to the dentist and getting Novocain.
So what should a person with Trypanophobia do, when they need to get Life Insurance?
No Exam Life Insurance is the Solution
42% of Americans do not have a life insurance policy. One of the reasons why, has to do with the medical exam and blood work that many insurance companies require.
Today, there is an easy solution to get life insurance online, with instant quotes, and instant approval.
Go to Ethos Life and start your application.
Down Side of No Exam Life Insurance
Here are 3 problems with no medical exam life insurance.
However, when you see what the experts say, you will realize that most of them don’t matter to you.
- Higher Cost – You will pay a higher monthly premium on a no exam life policy, compared to regular life insurance where you did blood work, and a physical. The insurance company charges more because they don’t know if you are actually healthy or hiding something.
- Limit to Amount of Coverage – A no exam policy for Term Life Insurance is usually limited to $1 million at a company like Ethos. This is a reasonable policy size, however if you are looking for a larger policy you need for Estate Planning or Mortgage protection, then you may be out of luck.
- Waiting Period – Some policies have a clause this say they won’t pay out the full amount if you die in the first 2 years. (All policies have a Suicide Exclusion). During that time, your family might just get back what you paid in, which defeats the purpose.
Bottom line: These policies are great if you have Trypanophobia and hate going to see the doctor.
Many people in poor health will get a no exam policy, and this is another reason why the price will usually be higher. Insurance companies use advanced tools to calculate the risk that an insured person will die. When you are buying a no medical exam policy, you are grouped together with them.
Benefits of No Exam Life Insurance
On the flipside, here are some benefits of no medical exam life insurance policies:
- You get coverage fast – You apply online and get approved in a few minutes. You don’t need to schedule a phlebotomist appointment to take your blood, and then wait for lab results.
- No needles or awkward medical stuff – You don’t have to deal with blood tests, urine samples, or a stranger checking your vitals. If you hate needles or if medical exams stress you out, then a no exam policy is for you.
- You can get coverage with health issues – If you have diabetes, high blood pressure, or other conditions, you can still get a life insurance policy. The online application includes questions about your health, and you will get a price based on your health condition.
- Super Convenient – You can apply for life insurance from your couch on your phone. The whole process is designed to be as easy as possible.
Bottom line: If speed, convenience, or health concerns are your main priorities, a no physical exam policy, can be a smart choice even if they cost a bit more.
Check our Life Insurance Calculator to estimate how much coverage you need.