Affordable Life Insurance Protection for Your Family
How to Get Term Life Insurance with No Medical Exam in New York
If you live in the state of New York and you’re looking for term life insurance without any health exam, you may be finding it difficult.
Many life insurers may not offer life insurance in the state of New York because of the regulations; and those that do may not offer the amount of protection you need.
That’s why we have complied a list of life insurance carriers that offer life insurance to residents of New York without health exams.
Keep in mind, to qualify, you may need to be in good health. And, if you are not, there may need to be a telephone interview by the insurer to help them determine if you qualify for their no exam life insurance policies.
Also, you may purchase coverage from more than one insurer, so keep that in mind, in case you are unable to get enough protection from one insurer, you can purchase coverage form two or more – if needed.
New York Life Insurance Companies with No Medical Exams
American National (ANICO)
The only true non-med life insurance in New York
ANICO is the only true non-med life insurance carrier in NY. For term life insurance policies, they offer up to $249,999 of coverage to people ages 18 to 65.
Other life insurers offer non-med coverage possible, but not guaranteed.
They may require a telephone interview and a check of databases to see if the physical examination can be waived.
However, not everyone qualifies, you have to meet the health guidelines for approval.
You can compare life insurance quotes with no medical exam from the insurers listed above by requesting a free quote from JRC Insurance Group.
New York Term Life Insurance Quotes
Top Pick – JRC Insurance Group
JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote.
The life insurance plans offering no exam coverage in New York are term life insurance.
Term Life Insurance Explained
Term life insurance is a type of coverage that provides temporary protection for a specific period of time – usually lasting for a duration of up to 30 years.
Duration of Coverage
Most term life plans are available for a "term" of either 10, 15, 20, 25 or 30 years.
However, term life with no exam may be limited to a duration of 10, 15, or 20 years – some insurers may offer 30-year term life with no exam for people age 45 or under.
With term life your insurance is temporary, and if you are alive when your coverage ends, there is no payout on your policy.
However, if the person insured by the policy dies during the policy term, the death benefit is paid out to the beneficiary you choose to receive the benefits form your life insurance.
Do My Life Insurance Premiums Increase?
With term life insurance no medical exam policies, your premiums remain the same each year for the entire duration of your coverage.
Level Premiums – That means you pay the same amount for your life insurance (either monthly or annually), for the "term" of your policy. The premiums never increase during the life of your term policy.
This is known as "Level Term" life insurance.
Will the Amount of Life Insurance Ever Decrease?
No. The amount of life insurance protection provided by your policy will remain the same for as long as your policy lasts – the entire "term" (duration) of your plan.
Can My Policy Be Cancelled If My Health Changes?
No. Once you have been approved for coverage, paid your first premium, and started your life insurance policy, your coverage can only be cancelled if you stop paying your premiums, or you request cancellation of your policy.
How Can I Find the Most Affordable No Exam Term Life Insurance Policy?
The quickest and easiest way to find the best price on your policy is to request a free quote – so you can instantly compare the most affordable policies with no exam needed.