Benzinga’s guide to no medical exam life insurance can help point you in the right direction. What is no medical life insurance? You are under no obligation to use our website or service to initiate contact, nor apply for insurance or any product with any broker or insurance company. Term life insurance is active for a set amount of time and then expires. First, you fill out a no obligation free quote request HERE. Helpful, trusted answers from doctors: Dr. Kwok on life insurance with no medical questions: It is not feasible to provide a meaningful opinion without additional history, physical examination and may be some tests. Others may assume they won’t be able to obtain affordable coverage because of their health and don’t even bother going through with the exam. However, many no medical exam question term life insurance policies do not become available to men and women who are under the age of 50. Another form of life insurance is final cost insurance. Rates and time taken to qualify and purchase a life insurance policy vary by product and underwriting requirements. Guess what - If you are healthy or even moderately healthy and you have a "NO MEDICAL QUESTIONS" or Guaranteed Issue life insurance policy, you just paid $18,000 for an $8,000 vehicle! Typically, the questions relate to your medical history, any recent hospitalizations, your height and … General Knowledge & Learning. These two types of policies serve different needs. Most life insurance policies require a medical exam to assess the applicant’s present health condition and help determine the chances that this person will live a long and healthy life. Learn more about these policies and when they may be a good fit for you, or when you should avoid them to choose a standard life insurance policy. How do I apply? It may be a good idea to consider life insurance with no medical exam if: You have pre-existing medical conditions that may make it difficult to get coverage. Discover the benefits and types of plans at Dundas Life. When comparing the option of answering the short list of yes or no questions to life insurance with no health questions, you are usually much better off seeing what kind of burial insurance plan you qualify for based on the health questions. If you cannot obtain no medical exam life insurance or you are too old for it, you may qualify for this type of policy. Life insurance companies will often require people applying for a standard term life insurance policy or a whole life insurance policy to have a medical exam completed. Also, there are extensive health questionnaires and often some type of health exam. It’s simple. You consent and expect to be contacted by a licensed insurance agent by phone, email or text. If you're relatively young and in good health, then you probably won't need a medical report for life insurance. There is generally no risk to getting a life insurance quote. The great news is that EVERYONE is approved for some type of whole life insurance as long as you are 85 years old or younger. Life Insurance No Medical Exam No Waiting Period. There are actually a wide range of life insurance products which fall into what are referred to as no-exam policies, and at least 15 top no exam life insurance companies. People, in fact, can get some coverage up to age 65 if they are in favorable health. That is because a person who has a life-threatening condition at a younger age may be more likely to die sooner. The following agent license numbers are provided as required by state law: TX agent #2036537, LA agent #668022, AR agent #3638783 and MN agent #40565105. We will submit the information you provide to a broker and/or an insurance provider. Copyright © 2020 Assurance Life – All Rights Reserved, SAVE UP TO 59% ON FINAL EXPENSE INSURANCE. Helpful, trusted answers from doctors: Dr. Kwok on no medical questions life insurance: It is not feasible to provide a meaningful opinion without additional history, physical examination and may be some tests. There are 3 types of approvals with whole life insurance. No Medical Question Life Insurance. Many life insurance rates are dictated in part by health, and many applicants can end up faced with more expensive policies based on medical exam results during the insurance underwriting process. The monthly premium can be more expensive than with term but the thing to remember is that the rate stays the same until the insured passes away, regardless of how old they become during the time the policy is in effect! The key here is to know that buying this type of life insurance may cost you more than purchasing a traditional term life insurance. This does not mean you cannot get life insurance even with an exam. You may have a medical condition already, but understanding how at risk you are is important to determine if the company can offer life insurance to you. Our website does not include all companies or all available offers. We receive compensation, in the form of referral fees, from the insurance carriers, brokers, agents or other offers that we direct you to. There are three caveats to these plans. By submitting your personal information, you are making a consumer inquiry for insurance offered by licensed insurance agents. Sometimes people discover the best plan for them is a type of life insurance with no health questions asked prior to approval. The most important thing a person can do before they get life insurance is figure out what they want the life insurance to do for them. A life insurance company is not in the business of just giving away insurance. Here is a list of life insurance companies and plans offering life insurance protection without any health questions asked. Term life tends to be less expensive than whole life because many people are turned down due to health issues so there is less risk for the insurance companies. As much as the simplicity of not answering any health questions might sound less intimidating and easier, you might be able to save money by answering a short yes or no health questionnaire as part of your application. For some, these policies can provide peace of mind knowing their loved one’s needs can still be covered even if they are older or have a medical concern. You hate needles (or doctors). Hence, why No medical term life insurance is popular now days, and usually policies are issued in a day or two. Life insurance policies described, quoted, shown, and illustrated throughout this website are not available in all states. Simplified issue life insurance policies are still no exam life insurance policies, but are a step up from guaranteed issue policies in terms of the underwriting process.. Medical questions are asked, and background checks are done to assure that you are who you say you are, and the company can properly assess risk. Getting a life insurance policy without a medical exam is an option for those who may not qualify otherwise. There are a few questions you can ask yourself to figure out which policy is right for you. For those hoping to find life insurance with no health questions, it helps to have an explanation of how the application process and approval works to understand just how easy it is. ALL Guaranteed issue life insurance plans don’t ask ANY health questions on the application and also NO medical exams or background medical checks are done. Simplified Issue Life Insurance When applying for this type of insurance, you won’t have to take a medical exam, but insurers will ask you a string of medical questions. Therefore, the amount of compensation provided, along with other factors, may impact which policy / offer you are presented. NO MEDICAL EXAMS MEANS YOU PAY LOWER RATES FOR MORE COVERAGE - PERIOD "No medical exams means you pay lower rates for more coverage" (Simplified Issue). Term life insurance policies with no medical exam are comparable to a medically underwritten life insurance policy and still ask the same life insurance medical questions. They are all “A” rated + companies. No medical exam life insurance is a type of life insurance policy you can obtain without undergoing a medical exam. However, it can provide you with information about what type of coverage is right for you. The quotes, rates or savings advertised by\on this website are not necessarily available from all providers or advertisers. Losing Focus While Driving: Prevention Tips and Tricks. 3. For example, Accidental Death Life Insurance offers you up to $1,000,000 of life insurance protection with no medical exam and no health questions to answer. Browse and get your life insurance quote today. Younger people can get a very large amount of coverage without having to do a physical. But, it can be hard to arrange and expensive - particularly if you have health issues. No medical exam life insurance is typically more convenient and has a shorter approval process than other types of life insurance. United of Omaha Whole Life Guaranteed Policy. This is the type of coverage that is sometimes called no health questions life insurance because it is for people who have serious health conditions that require a 2-year waiting period for the death benefit and higher monthly rates. This type of policy is generally in place for 10 or so years (sometimes longer or shorter). Everything You Want. Even though these stipulations are more limiting, it is a great option for people who otherwise could not qualify for life insurance to protect their families. No health questions life insurance coverage is available from several insurance carriers. 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