Affordable Life Insurance Protection for Your Family
What is the Cheapest Life Insurance without any Physical Exam Required?
If you’re looking for low cost life insurance without having to take any medical check-up, then you’ll want to learn about no exam life insurance, how it works, and what affects pricing of these policies.
What is a Life Insurance Policy without a Physical?
It’s a quick and easy way to purchase the protection your family needs without the delays and hassles of a traditional life insurance policy.
Instead of having to wait for the paramed examiner to come to your home, give you an exam, send the results to the insurer, have the medical laboratory test your blood and urine samples, get that back to the insurance company, have the results reviewed, and fully underwrite your application, which can take up to 4-6 weeks – now you can get insured in as little as 1 day or less, without taking a physical examination.
Pricing Factors for No Exam Policies
Insurance carriers consider several factors to determine the price you pay for no exam life insurance, including your age, gender, health, tobacco use, lifestyle, hobbies, occupation, driving record, height-to-weight ratio, family health history, among other things.
Each of the personal risk factors mentioned above impact your life expectancy – how long you are expected to live. The longer your life expectancy, the lower your cost of coverage.
In addition, the "term" (duration) of your insurance policy impacts pricing – the longer your coverage will last, the higher your rate per $1,000 of life insurance.
Term life insurance is temporary life insurance lasting for up to 30 years.
You may choose a term of 10, 15, 20 or 30 years (usually) for a no physical term life plan.
How to Save Money
You can lower the cost of your no exam life insurance policy with the following tips:
How Much Coverage Can I Buy without an Exam?
That really depends on you – your age and health.
In addition, the amount of insurance without any physical exam will depend on the insurance company. Some insurers may offer up to $100,000 of coverage without exams, while others may offer up to $1,000,00 or more.
Can I Apply Online?
This will vary by insurance company; however, several now allow consumers to apply online for no exam coverage through a safe, secure online application process.
How Long Does It Take to Start My Policy?
The time to get approved and insured will vary by insurer. Some no physical life insurance carriers offer coverage you can begin within 48 hours.
Some insurers offer quick-issue policies you may begin in as little as 15-20 minutes.
What Company Offers the Cheapest No Physical Life Insurance?
This will vary by insurer depending on your age and health.
However, Haven Life is known to offer affordable no exam term life insurance policies for consumers age 20 to 60 who are healthy.
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.
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.
Cheap Life Insurance without Health Questions
Can I purchase life insurance without having to answer any questions about my health?
Yes, these plans without questions asked about your health are referred to as "Guaranteed Issue" life insurance policies.
With guaranteed insurance, there is no doctor exam required, and there are no health questions asked. You cannot be denied coverage due to any health problem.
Top Pick – United of Omaha
United of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $3,000 up to $25,000 of coverage. Rates start as low as $8.80 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.