How to Find Affordable Life Insurance No Exam Required
Are you shopping around for life insurance at affordable rates but don’t want to have to take any medical examination to qualify for your coverage?
If so, you can compare several of the leading no exam life insurance plans right here.
Keep in mind, rates for no exam coverage are higher than you would pay for life insurance that does require you to take a medical exam.
However, no exam policies may allow you to buy life insurance direct online and start your coverage today, if you qualify. So there’s no hassle with a doctor’s check up, no nasty needles or blood draws, and no need to meet with an agent.
Start Your No Exam Life Insurance Quote
What insurance company offers the most affordable no exam life insurance?
The most affordable no exam life insurance carrier will depend on your age, health and amount of life insurance requested. However, Haven Life offers competitive rates that aren’t much more than life insurance plans requiring a medical examination.
What factors affect the cost of my no exam life insurance?
There are several factors that will impact the cost of your life insurance including:
In addition, your own personal risk factors affect your rate for life insurance including your age, gender, health, lifestyle, if you smoke, hobbies, occupation, height-to-weight ratio, driving record, etc.
Basically, the longer you are expected to live (your longevity), the lower your rate for life insurance.
How much life insurance can I buy without taking a medical exam?
There are several insurers who offer no exam life insurance in varying amounts of coverage. Some insurers offer up to $500,000 or more, while others offer up to $350,000 or $250,000 in life insurance coverage without any exams.
And, there are some insurers that offer smaller amounts (up to $25,000) of guaranteed issue life insurance with no exam and no health questions asked. They provide life insurance for people age 45 to 85.
Top Pick – Haven Life Insurance Agency
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.
Applicants age 60-64 are eligible to apply for up to $1 million in coverage; subject to underwriting approval.
Some qualified applicants (U.S. citizens up to the age of 59) will be able to finalize coverage without the need for a medical exam. The majority of applicants are still required to take a medical exam.
Keep in mind: Issuance of the policy or payment of benefits may depend upon the answers given in the application and the truthfulness thereof.
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Disclosure: Compensated Affiliate