How Much is Life Insurance Without Medical Exam?

The premium you pay for no-exam life insurance depends on several factors, including the policy type, age, coverage amount, and your health and lifestyle.

Your desired coverage amount also affects your premium - the higher the death benefit, the more you'll typically pay.

Common No-Medical Life Insurance Amounts:

No-exam policies that are not fully medically underwritten tend to have higher premiums. With simplified issue policies, insurance companies review limited health information which influences pricing.

Those who are older, smoke, have serious medical conditions, or take prescription drugs may pay more.

Guaranteed issue policies only require you to fill out a health questionnaire. Without full underwriting, premiums are usually higher. Since pricing varies, it's wise to compare quotes from multiple insurers. This allows you to find the most affordable no-exam life insurance for your situation.

To estimate potential costs, check out our guide on receiving life insurance quotes. This provides a starting point to understand premiums for your desired coverage.

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What is No Medical Exam Life Insurance?

No medical exam life insurance, also called no medical life insurance, does not require an exam as part of the application process. This speeds up obtaining coverage compared to traditional policies. You may be able to skip the medical exam if your age and chosen insurance company allow it.

Some insurers require a medical assessment, but not always. With our partners, you may qualify for no exam life insurance depending on your state, age, and desired plan. In certain cases, we offer guaranteed-issue policies with no health questions for eligible applicants. To see if you can get coverage without an exam, speak with an insurance agent. They can determine if this streamlined option is available based on your specific situation.

The exam-free application process makes getting life insurance faster and simpler. But keep in mind, policies without medical underwriting typically have higher premiums or lower coverage limits. An agent can explain how no exam life insurance works and help you decide if it's the right fit. Reach out today to start the process.

We work with insurance companies that offer life insurance policies with no medical exam or blood tests requirements, also called guaranteed issue or simplified issue policies. The whole process is fast and easy.

This is a type of life insurance policy that the company will issue as long as you pay the premium. The questions are few and easy, things like your age, contact information, etc. They will not ask any medical questions at all.

Pros and Cons

No medical exam life insurance provides a fast, straightforward way to get coverage without delays. You can complete a simple application and potentially qualify more easily, even with pre-existing conditions or a high-risk job like firefighting or racecar driving. This hassle-free option gives you access to coverage you may not get through traditionally underwritten policies.

However, choosing no exam life insurance can substantially increase your premiums and limit your benefits. Policies without full medical underwriting tend to cost more for less coverage compared to fully assessed plans.

While no exam life insurance offers speed and convenience, make sure to weigh the tradeoffs. The streamlined application comes at a price - higher rates and lower death benefits. Consider your budget and needs to decide if it's the right choice. Speaking with an agent can provide guidance on whether no exam or traditionally underwritten coverage better fits your situation.

Advantages of a guaranteed issue policy:

  • No Exams
  • No Questions
  • No Tests
  • No Waiting Periods

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Is guaranteed issue life insurance more expensive than term life insurance?

Yes it is. This is because the risk for the life insurance underwriter is a lot greater. They don't know your health status or any other health history.

Here are some examples of premiums for a $100K, 10-year simplified policy, for a thirty year old man and woman in good health.

Company Man Woman
MassMutual $142.15 $108.20
Fidelity Life $175.54 $158.47
National Western $205.28 $180.34
United of Omaha $214.56 $182.12
American-Amicable $233.87 $189.25
Foresters $251.75 $207.65
Columbian Life $285.94 $232.35

Example life insurance rates as off 06/26/2024 - your premiums will most likely be different.

No-medical policies are often offered from ten thousand dollars to one hundred thousand dollars, with the most common being $10,000 to $20,000.

Because they are so easy to get , they are often used to pay for final and burial expenses. It's a very common type of insurance obtained by seniors and the elderly.

No matter how much life insurance you need, $10,000; $15,000; $20,000; $25,000; $50,000; $100,000; if you are a male or female, smoker or non-smoker, your age: 50, 60, 70, or even 80 - we can help you with a quote and the best rates.

Save time, hassles, and your privacy with a No Exams or No Physical Life Insurance Policy. If you are afraid of the doctor, and hate physical exams, this is the term policy for you. Maybe you do not want to disclose that you are an occasional recreational drug user (pot, marijuana, etc.), this is the life insurance for you.

This type of life insurance is often called "guaranteed acceptance" because pretty much everyone is guaranteed coverage. No matter your age: age 50, 60 years old, 70 years old, 75 years old, 80, etc.

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Typical Questions About No Medical Exam Life Insurance

What is the duration of a life insurance policy that doesn't require an exam?

The length of a life insurance policy without an exam will differ based on whether it is term or permanent life insurance. Term life insurance policies have a set age limit or duration of several years, while permanent life insurance typically covers the insured's entire life.

Is it possible to obtain a loan from a no-medical-exam life insurance policy?

With a permanent no-exam life insurance policy, policyholders can access funds through a loan based on the cash value accumulated and terms outlined in their policy documents. However, failure to repay the loan may result in a reduction of the death benefit to recover the amount owed.

What is the timeframe for claiming life insurance?

Life insurance companies are typically required to comply with state regulations regarding the duration of time allotted for a beneficiary to claim insurance benefits. If you have any inquiries, consult your agent or the company from which the policy was procured.

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