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.
There are 4 main types of life insurance policies that fall under the “no exam” umbrella. None of them require a medical exam. However, they are very different from each other and each type fills a specific need....Read More
Your application for life insurance will consist of specific questions about your medical history and sometimes that of your family. Since these policies do not rely on the results of a paramedical examination, expect the....Read More
Transamerica is a very strong company that is well known. Price is middle of the pack compared to other no exam options. Nice included benefits and will look favorably on certain medical conditions. Not a company we...Read More
Foresters is a solid company but for no exam life insurance, most people can find better options. They don't offer short terms (10 or 15 year) and are priced on the high side. Standard health class is theRead More
Assurity is a solid company that offers a well rounded no physical exam product. They will give Preferred rates for those in good health and also are favorable towards smokers. Approval times are....Read More
A strong and well rounded no exam option. You can find cheaper, but the overall value here is excellent for what is included. Renewable to age 95, issued until 75, and convertible until 75 are all some of the highest....Read More
Quick Summary: No exam coverage IS available if you have diabetes. The maximum coverage will be $500,000 with one carrier. Your type of diabetes, medications, and overall health will determine how much you pay. Just becauseRead More
Quick Summary: SBLI has become one of our top no exam companies and is very popular with clients. Up to $500,000, they are not charging any extra for non-med policies, making it an easy decision. Approval time is....Read More
The Principal life insurance company offers up to $1 Million in no exam coverage but only for those in excellent health. Must be in the Preferred health class to qualify for this program. Otherwise, an exam will be required. This is their regular term insurance but...Read More
Sagicor is a solid no option to look at. Pricing is good although you can find cheaper. Among the higher coverage limits for non-med policies and extremely fast approvals (usually same day). Will offer up to...Read More