No Medical Exam Life Insurance
No medical exam life insurance is usually a term life plan. You can get up to $1,000,000 in life insurance without having to take a physical exam. For this to happen, you need to be in good health, which means that your risk category should range between Preferred Best and Standard according to an insurance company. Usually, you also should be a non-smoker.
Two of our carriers A+ rated, Principal Life and SBLI offer no exam life insurance. When you get your quotes, if you qualify, you will also get an option to apply for life insurance without having to take a medical exam. This process makes it faster to get a life insurance policy. Also, if you are one of those who hate fasting and needles, you might want to consider this option.
What is no Medical Exam Life Insurance
It basically means that nobody will come to draw your blood; take your urine sample; confirm your height and weight, or ask you other health-related questions. The approval process also is very quick. Instead of months, you may get your active policy in hand in a matter of days. For these conveniences, you will pay just a few dollars more in premium. For example, a 35 years old male at Preferred Best risk applying for a $1000,000 coverage will pay $66.65 for a 30-year term with medical exam. For just another $3.35 per month extra, he can qualify for a no medical exam term life insurance. A 35 years old female will pay only $55.66 with a medical exam and just $3.40 extra for a no medical exam insurance.
Buying a no medical exam life insurance may not always be a good way to go unless you are 100% sure that you want a term life insurance only and do not want to take a medical exam, or wait for a long time for approval.
Restrictions on age, health and state availability may apply.
Our secure online quoting software is designed for you to select your life insurance plan and fill out your application in a matter of minutes. If you are going to go for no medical exam, just select the carrier that offers it. Just remember that the insurance company, however, will still carry out a complete medical and other background checks on you. No medical exam life insurance option works well for those who are in good health and do not mind spending a little extra.