Affordable Life Insurance Protection for Your Family
Are You Shopping for a Term Life Insurance Policy without Having to Take Any Medical Exams?
If so, you may want to review your options for coverage and learn how no exam term life coverage works, and how easy it is to get insured.
Term Life Insurance Explained
Term life is temporary life insurance providing you with protection for a specific duration, usually lasting up to thirty years.
If the insured person dies during the Policy Term, the death benefit is paid out to the beneficiary of the insurance policy.
If the insured outlives the duration of the term life policy, there is no payout of benefits, and the coverage ends.
Term Insurance with No Exam Explained
No exam term insurance policies are life insurance plans that offer you the ability to purchase your insurance without having to take any medical examination.
In addition, you may be able to apply online (safe and secure) for your policy in about 15-20 minutes, and start your life insurance coverage the same day, if you qualify.
What Does No Medical Exam Life Insurance Mean?
As the name suggests, a no medical exam life insurance policy is one that does not require customers to undergo a doctor exam before purchasing coverage, meaning you can get coverage much faster than a traditional life insurance policy that requires a full medical review.
Do You Have to Take a Medical Check-up for Life Insurance?
If you are asked to complete a medical, don’t worry – it doesn’t mean you’ll be refused coverage. In most cases, it just means your life insurer wants to know a more about your health to help them calculate your insurance premiums.
Your insurance carrier will pay for the cost of the health exam.
Can I Get l Get Life Insurance without Answering Any Health Questions?
Yes. There are insurance policies that offer coverage with no medical exam required and no health questions asked.
These plans are referred to as Guaranteed Issue life insurance and they guarantee your approval for coverage if you meet the age requirements.
For example, one highly-rated insurer offers guaranteed approval for people age 45 to 85 years old.
Is there a Waiting Period for No Medical Life Insurance?
Underwriting of no medical plans is usually quick, and coverage can be obtained within 24-48 hours sometimes for qualified applicants.
With some guaranteed acceptance life policies, no waiting period is necessary.
Which is More Expensive Guaranteed Issue Life Insurance or Medical Exam Required Policies?
Guaranteed acceptance life insurance is more expensive for healthy people than policies that require a health examination.
Who GUARANTEED APPROVAL Life Insurance is For:
Primarily middle-age and older adults whose health would disqualify them from getting life insurance with full medical underwriting.
Compare Term Insurance No Exam Quotes
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.
Highly Recommended – Globe Life Insurance
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