Unless you are a bad risk, it will cost you a lot more if you buy life insurance policies that are sold without any medical exam. In this type of policy, everyone is guaranteed that they'll be accepted irrespective of how bad a risk they are.

Applicants don't have to go through any form of medical examination. You can buy this type of policy very easily even if you have a serious health condition. But good as this may seem, is the price really worth the value you get?

The fact that applicants are not required to go through a medical exam should tell you that the insurers, in order to stay profitable, will assume the worst about your risk status. And such an assumption only means that your rates will be very high.

As bad as you may see those medical exams, they help insurers determine your true risk to them -- They don't just lump you into one group with folks who are worse risks. This means that those who are healthier and lead safer lifestyles among other things will pay a lot less -- Which is a good thing, I think. So unless you've been declined as uninsurable, you shouldn't even consider these types of policies.

Your best bet for better rates is still a policy that requires that you have a medical examination before your premiums are finally fixed. It's through that they are not really as convenient, but I won't mind a little inconvenience that will save me thousands of premium dollars within just a few years.

Furthermore, there are evidences to show that beneficiaries of those who go for "no medical exam" policies do NOT get as much as their benefactors paid in premiums. If the benefit amount does not justify the huge premiums, then you should meet a financial advisor for a better way even if you've been declined for regular life insurance policies.

Finally, you'll save even further on any life insurance policy you choose if you do thorough comparison shopping -- Get and compare many quotes. Visit trusted insurance quotes sites and get quotes. Requesting quotes from at least five quotes sites increase the chances that you would receive more quotes.

And, you know that since the likelihood of receiving cheaper life insurance quotes is related to the range of quotes you obtain. The more insurance companies you receive quotes from, the better your chances.