All about life insurance without taking a medical examination.
Time, convenience, and fear of blood or needles are some of the main reasons please today are choosing to skip the exam.
What’s great is:
It doesn’t cost as much as it used to. Advancements in underwriting have brought the costs of premiums down, while the speed of underwriting and approvals has gone up. If you are looking for $1 Million or less in death benefit, you can get quickly approved by a strong, reputable, life insurance carrier without paying high rates.
There is still underwriting but it’s primarily done with a series of electronic database checks that are fast.
Today many carriers offer up to $500,000 face amount and you can easily combine policies from multiple companies if you need higher. Some companies now even offer the SAME rates as their fully underwritten policies where an exam is needed.
Keep in mind:
If you haven’t been to your doctor in a while, you could actually end up paying MORE if you take the paramedical exam.
The reason is, it’s hard to know if the levels such as cholesterol or blood pressure may have risen since your last checkup. Sure, you may feel great, but just a few points higher could bump you down an entire health classification and this means much higher premiums.
Quick Summary: Prudential is one of the strongest companies selling life insurance. Their SimplyTerm no exam policy has an online application and a quick decision process. Only very healthy people will qualify and the pricing is a little high. It is a stripped-down self-service policy that even the Prudential agents cannot help you with. Worth…Read More
A mother’s love for her child is like nothing else in the world. Buying life insurance earlier is usually made to financially safeguard those you care about most – making pregnancy a primary reason to secure life insurance before the birth of the baby so as to protect your growing family financially in case anything bad…Read More
Cincinnati Life is known for its customer service and ethical practices. Rates are very cheap for under 100k in coverage but that is the maximum death benefit you can get without taking a physical exam. Highest health class available is...Read More
A unique product, some of our clients love this no exam option. John Hancock will only allow those to skip the exam who are in excellent health so it's not for everyone. Then, after being approved, you can accumulate health points to lower your rate by doing things like getting...Read More
New York Life is one of the largest mutual life insurance companies in the United States. In business since 1845, it's one of the first names many people think of when life insurance comes to mind.
It doesn't get much stronger from a financial standpoint when...Read More
Minnesota Life allows electronic applications and will process most of them digitally without the need for medical records review or a telephone interview. These things may be required depending on the specifics of your file and health history.Read More
The underwriting process with Brighthouse is quick and easy. You must answer "No" to a few questions and they will run a check of your Medical Information Bureau report. Here they can see any previous life insurance approvals or...Read More
Quick Summary: Fidelity is among the best for digital underwriting with no physical. They do it very fast and never need to see your doctor's records. Overall, their no exam product is lacking and most people can find better. The pricing is...Read More
Mutual of Omaha is an extremely strong well-known company but many of our clients can do better if you need a policy that doesn't require a physical exam. Renewability up to age 100 without new proof of...Read More
There are many reasons why you may want to skip the intrusive medical exam when applying. Fortunately, you can still get a reasonably priced life insurance policy from a reputable company and do it without the pesky exam...Read More