👉 Okay, let’s talk about what’s essentially a very politely worded loophole of the entire life insurance business:
“Cheapest Life Insurance—No Medical Exam.”
(Cue dramatic record scratch here.)
Now, before I get into this frankly rather alarming concept, let me paint you a picture. Traditionally, when you buy a policy for something as massively important and…frankly depressing to even think about... like what happens if you kick the farm sometime in the next 20-odd years, it needs to actually know something about your health! Doctors poke around, asking stuff that feel suspiciously personal, filling out charts. Basically, an intrusive little dance of paperwork. Enter: Chepaaaapest Life Insurance—No Medical Exam! This is essentially a deal brokered by the kind of financial institution that sighs dramatically whenever they have to actually, you know… care about your actual health. Instead of a full-bore medical history dredging up every embarrassing childhood cold and questionable late-night takeout habit, these policies mostly just ask for your age, postcode (where you live), and maybe what colour your toothbrush is. Here’s how they yank it off. It boils down to this: These aren't bad policies, necessarily. They are, however... ruthlessly economical. Because there are no doctors involved, the premiums – that monthly chunk of money paid into a very boring savings account until you… well… don't need that
