262-551-1298 / 1-888-988-1502

info@thelifeinsurancestore.com
Kenosha,

WI 53141

 

No Exam Life Insurance

Home > No Exam Life Insurance


What is No Exam Life Insurance?
In essence, it is a way for you to get life insurance without a physical exam. No exam life insurance is also commonly referred to as “guaranteed issue” and “simplified issue” life insurance. These policies are often marketed to older people who might have medical issues that make getting other life insurance difficult but there are also other reasons to obtain No exam life insurance that will be discussed below.

No medical exam life insurance policies are term life insurance policies, often with a relatively low face value. Term life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 years. No medical exam policies often have lower face values, but can be purchased for larger amounts, such as $250,000 to $500,000.

Get a Life Insurance Policy Without a Medical Exam

Save big with our custom tailored plan to you

Easy online quotes

Expert Agents available 7 days a week

Who is a Good Candidate for No Exam Life Insurance?

This type of policy is suitable for a variety of people in many different circumstances, including:

Those who may not have time for a medical exam

Those who are adverse to the idea of a medical exam for personal reasons

Those who may be traveling and unavailable to undergo an exam

Those who are physically unable to have a medical examination

Those who need coverage quickly

Applying for No Medical Exam Term Life Insurance

There are some things you need to know about applying for this type of coverage:

You will have to fill out a questionnaire about your current state of health as a well as provide a complete rundown of your medical history.

In most cases, you will need to be interviewed by insurance company personnel.

Before approving an application, the insurance company may request information from your physicians and the Medical Information Bureau.

In most cases, the insurance company will also check your driving record with the DMV, as well as a list of your current and previous prescription medications.

It is imperative that all applicants are completely honest about their health history to avoid policy complications down the line. We interview you to pre-qualify you for several companies. We will ask detailed questions so we can shop the best companies for you . This takes time for us to do and the applicant must be serious .

No Exam life insurance should not be seen as a way to avoid disclosing certain medical conditions.

Coverage is Limited

The average policy is limited to $500,000 in benefits (less with several companies). If you are looking for more coverage, you’ll need to go with a policy that requires a medical exam.

Premiums are Sometimes Higher

Since you’ll be attaining a policy right away, with little or no underwriting required, the insurance company will be taking a higher risk in covering you. To compensate for this added risk, your premiums might be slightly higher than what you would pay for a policy that requires an exam.

Age Restrictions

In most cases, you must be under 65 years old to qualify for a No-Exam policy. There are some companies that have higher age limits that the Life Insurance Store works with.

No Exam life insurance is the ideal solution for many people who are looking for life insurance coverage quickly and without a medical exam!