Do All Life Insurance Policies Require a Physical?
Life Insurance and Physical Exam Requirements
If you’re shopping for a life insurance policy you may be wondering if you’ll be required to take a medical examination.
The answer is "NO". All life insurance policies do not require the applicant to take a physical.
There are life insurance plans available without any doctor exam necessary to qualify for coverage.
There are term life insurance and permanent life insurance policies without any exams.
Term Life Insurance
Term life is temporary coverage lasting for a specific period of time, usually up to 30 years. You may choose a term of coverage lasting for a period of 10, 15, 20, 25 or 30 years.
Permanent Life Insurance
Permanent life insurance offers lifetime protection that remains "In Force" as long as you pay your premiums.
Term Life Insurance without a Physical
These plans offer up to $2,000,000 or more of insurance for qualified applicants who meet the health and age requirements for approval. Usually, you have to be between 20 to 60 years old and be healthy.
Some of the leading providers of non-medical life insurance include Haven Life, Fidelity Life, and Sagicor Life, among others.
Permanent Life Insurance without a Physical
These plans are considered "Guaranteed-Issue" and offer life insurance with guaranteed approval for anyone who:
- Meets the age requirements for approval
- Lives in a state where the insurance company is licensed to do business
- Lives in a state where the insurer offers the Guaranteed-Issue plan
These Guaranteed life insurance policies offer a limited amount of insurance, usually up to $25,000 or less, for people who meet the age requirements.
The age to qualify for guaranteed coverage may vary by insurer, including ages 45-75, 40-80, or 45-85.
If you choose you may purchase a guaranteed policy from more than one insurance carrier.
Many seniors buy permanent guaranteed life insurance to pay for their final expenses, including the cost of their funeral and burial.
These plans are excellent for anyone who has health issues or has been turned down for life insurance from other insurance companies.
Some of the leading providers of guaranteed approval permanent life insurance plans include United of Omaha, Gerber Life, MetLife, AIG and Transamerica, among others.
Term Life Insurance No Physical Exam Quotes
Top Pick – Haven Life
- Get up to $2,000,000 of affordable term life insurance today
- Apply online in under 20 minutes, start coverage today
- Backed by MassMutual, rated A++ by AM Best
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.
Permanent Life Insurance No Physical Exam Quotes
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.
Do All Life Insurance Policies Require a Physical?
No Physical Life Insurance Plans
Disclosure: Compensated Affiliate