No medical exam life insurance is a specialized type of life insurance. While every company has policies that require a medical exam, some companies offer policies where you can get life insurance without medical exam. If you came looking to get quotes for no medical life insurance fill out the form on this page, or keep reading as we explore the basics of no exam life insurance.
The obvious advantage of Life insurance no medical exam is you do not have to go through the health screening that the standard policies require. This key feature is very appealing to those who were denied coverage from a traditional policy or received very high premiums due to pre-existing condition. People with high cholesterol or blood pressure, diabetes, sleep apnea, or even smokers will opt to go with a no medical exam life insurance policy so that they can avoid the higher rates. What many people do not know is that a no exam life insurance policies are approved in much shorter time periods than a traditional policy. If you do not have to wait for an exam opening, for a lab to process the blood, or for the results and someone to look at those results then the policies do not take nearly as much time. This makes the process of getting life insurance no medical exam much simpler and faster than anything they may have experienced with a regular term or who life policy.
While the positives are great, the one real disadvantage to no exam life insurance policies is that they are more expensive than a normal term life policy. Since you are only being asked questions about pre-existing conditions and whether you are on disability and are not required to actually verify that you are healthy through the examination process. Since there is no exam to affect your premiums the only thing that will is your questionnaire. Factors like age, length of the policy, and what kind of activities you participate in (smoking, sky diving, etc.) will make the differences in how much you pay.
Because of the cost of no exam life insurance we recommend that everyone try to get traditional life insurance before you go the no medical exam life insurance route. If you know you are in a high risk category you may be able to find an insurer who will issue a regular life insurance policy and save yourself some money. If you get rejected for the traditional life insurance policy and end up going the no medical exam life insurance route you know you got the best rates. At TermLife360.com we are dedicated to helping you find the best life insurance for your needs. So whether you need a normal policy or life insurance no medical exam we can make sure that you get the best rates.