Is it really possible to get a considerable amount of term life insurance coverage without getting a physical exam? Yes, you can. For example, there are companies in the United Kingdom that offer cheap life insurance without a physical for as little as five pounds per month for one hundred-fifty thousand pounds in coverage.

Although term life insurance - often called cheap life insurance - has been available to young people for many years, it is now available to the older generation. However, the older you are the less coverage is available.

It all began several years ago in the United States when a company offered $150,000 of life insurance online and a lot of people jumped on the opportunity. Soon the actuaries from other companies began crunching numbers to see how much coverage they could offer. They wanted to know how much cheap life insurance could safely be offered online to a variety of age groups and increase their bottom line. And the race began.

Why Companies Offer Cheap Life Insurance Online Without a Medical Exam

Insurance companies offer term life insurance with no medical examination because it is very, very profitable. If your health is good the insurance company saves the expense of paying a doctor, nurse, or paramedic to examine you.

Some people think that since no one is examining them that they can conveniently “forget” about past medical problems and not mention them in their online application.

The insurance companies are not stupid. If you leave out pertinent information the insurance company is protected by an incontestability clause within the contract. That clause essentially says that if you do not disclose any information that would usually result in their not approving your application they can withdraw your policy within a set period. This is usually one to two years.

These cheap life insurance policies are often level term policies, although decreasing term is also available and the length of coverage can vary from one to thirty five years.

If you choose a level term life insurance policy you will be covered with face amounts that never decrease and premiums that never increase. Although the ages and types of policies might vary from one insurance company to the next, most online life insurance companies offer term life insurance to people between the ages of 18 and 60.

It only takes several minutes to fill out an application to see how much the coverage you want will cost. If you take the time you will probably be pleasantly surprised at how affordable this cheap life insurance really is.

Why not get a free quote from one of the UK’s cheapest life insurance companies?

And to find out more about term life insurance go to Standard Life or go to http://www.TotallyMoney.com

Wendy Moyer is a professional writer.

[tags]Standard life[/tags]