No medical exam life insurance is a great option for those looking for an affordable, convenient way to secure term life insurance protection.
Life insurance without exams is available in a variety of terms from 10, 15, 20 or 30 years, and coverage amounts up to $1,000,000.
No exam life insurance policies provide peace of mind when you need it most. These policies offer many of the same benefits available through medically underwritten life insurance coverage, without the hassle of a lengthy application process and medical examination.
Top Pick– Haven Life
Haven Life uses the information provided in your application to make an instant decision on your application. Healthy, qualified applicants (based on the information provided in your life insurance application) can be insured immediately with no medical exam while other applicants can receive immediate coverage pending a medical exam.
Also known as non medical instant issue life insurance, many consumers are surprised to learn that no exam policies offer immediate coverage.
Unlike traditional life insurance policies, which require 4 to 6 weeks to issue, term life insurance with no health exam can often be secured in less than 24 hours. And, some plans offer immediate coverage in about 15 minutes.
Like all term policies, no exam life insurance provides financial assistance for your loved ones in the event of your death. It’s a way to make sure your family has the money they need in case you are no longer alive to provide for them.
There are a number of benefits when comparing no exam coverage with traditional life insurance policies.
It is important to note that coverage for life insurance without an exam usually costs a bit more than medically underwritten term life policies.
Traditionally insurance companies have assessed risk based upon medical evaluations and perceived life expectancy.
Providing life insurance coverage without any medical exam comes with a risk, a risk which translates to those higher premiums charged for your no exam life insurance plan.
Many consumers do however choose to invest in no exam term life policies as a result of the ease and convenience of purchasing no exam coverage online without having to meet with an agent, take an exam, or have to wait weeks for their life insurance policy to be issued.
Guaranteed Approval life insurance plans can be ideal for
those with medical complications that may lead to a denial of traditional
coverage, while Simplified Issue term life insurance can be a good fit for
those in good health who simply want to avoid a prolonged application process
or the need for a medical examination. If you fall under any of these
categories, now is a great time to secure no exam coverage.
Whether you want life insurance without answering any medical questions or without taking an exam, we can help. We work with the top carriers in the industry, providing side-by-side comparisons of the most competitively priced policies on the market.