What Is No Medical Exam Life Insurance?
No Medical Exam Life Insurance is a type of life insurance policy that doesn't require the policyholder to undergo a medical exam to qualify for coverage. This type of policy is also sometimes referred to as "simplified issue" or "guaranteed issue" life insurance.
Unlike traditional life insurance policies, which may require a medical exam and a detailed health history, no medical exam life insurance policies typically only require the applicant to answer a few basic questions about their health and medical history.
Because no medical exam life insurance policies carry a higher risk for the insurer, they may have higher premiums than traditional policies. Additionally, they may have lower benefit amounts and shorter coverage terms.
No medical exam life insurance can be a good option for individuals who may have difficulty qualifying for traditional life insurance due to health issues or who simply prefer the convenience of a quick and easy application process. However, it's important to carefully review the policy terms and compare options before making a decision.
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How Much Life Insurance Can You Buy Without A Physical?
The amount of life insurance you can buy without a physical exam varies depending on the insurance company's policies and the specific product you are considering. Generally speaking, most insurance companies offer coverage up to $1 million without requiring a medical exam, but the exact amount may vary.
However, it's important to note that the amount of coverage available without a medical exam is typically lower than what is available with a medical exam. If you need more coverage than what is available without a medical exam, you may need to complete a physical exam to qualify for a higher coverage amount.
Additionally, it's important to remember that the cost of life insurance premiums will typically be higher for policies that do not require a medical exam, as the insurance company is taking on more risk by insuring someone without fully assessing their health.
What Are The Best No Medical Exam Life Insurance Policies?
Haven Life - Haven Life is a well-known provider of term life insurance that offers policies up to $3 million without requiring a medical exam. Haven Life also offers a simple and easy-to-use online application process.
Bestow - Bestow is a digital life insurance company that provides term life insurance policies up to $1 million without requiring a medical exam. Bestow also offers a quick and easy online application process.
Fabric - Fabric is another digital life insurance company that offers term life insurance policies up to $1 million without requiring a medical exam. Fabric also offers an easy online application process and the ability to apply for coverage in minutes.
Ladder - Ladder is a life insurance company that provides term life insurance policies up to $8 million without requiring a medical exam. Ladder also offers a unique policy structure that allows you to adjust your coverage as your needs change over time.
Ethos - Ethos is a digital life insurance company that provides term life insurance policies up to $1.5 million without requiring a medical exam. Ethos also offers a simple online application process and the ability to get coverage in as little as 10 minutes.
Where can I find life insurance with no medical exam required?
The best no-exam life insurance policies are the ones that offer the coverage amounts you need at a price you can afford. You should also look for a policy with a reputable insurance company.
Some of the best no-exam life insurance policies that offer a high death benefit include:
- Ethos Life Insurance
- Bestow Life Insurance
There are other similar companies, including Sproutt and Haven Life.
Term Life Insurance With No Exam (EVER)
Find a term life insurance policy that does not require an exam, ever. If you have pre-existing conditions, do not apply. We think Bestow offers the best term policies. However, they don’t offer whole life plans.
Term Life Insurance Policies With No Medical Exam (Most Scenarios)
In most scenarios, find a term life insurance policy that does not require an exam. If you have pre-existing conditions, feel free to apply. We think Ethos is the best life insurance policy with high no-exam coverage amounts (death benefit).
Whole Life Insurance, No Medical Exam Required
This type of final expense insurance does not require a medical exam and is designed to pay for funeral expenses and other end-of-life costs. It is a type of permanent life insurance policy (whole life coverage), which means it does not expire as long as premiums are paid.
No Medical Exam Accidental Death Insurance Quotes
This no-exam life insurance plan (Mutual of Omaha) only covers deaths directly from accidents or trauma. Because deaths from natural causes are not covered, you cannot be turned down for your health. These policies do not have cash value. Use our online tools below for quotes.
Life Insurance Quotes, No Medical Exam Required
Can’t find the right policy? We’ve got you covered. Online shopping for the best no-exam life insurance quotes can save time and money. Term and whole life are available.
Types Of Life Insurance Without Medical Exams
Guaranteed Issue Life Insurance: This type of policy is available to anyone, regardless of their health status or medical history. It has a maximum coverage limit of $25,000 and higher premiums due to the lack of underwriting.
Simplified Issue Life Insurance: This policy requires some basic health questions but does not require a medical exam. It is ideal for people who want coverage quickly and easily without undergoing a thorough underwriting process.
Final Expense Life Insurance: This policy is designed to cover the cost of funeral expenses and other end-of-life expenses. It is typically available without a medical exam and has lower coverage limits.
Accidental Death and Dismemberment (AD&D) Insurance: This policy pays a benefit if the policyholder dies or suffers a serious injury due to an accident. It does not require a medical exam but only covers accidental deaths or injuries, not natural causes.
Term Life Insurance: Some insurance companies offer term life insurance policies without a medical exam. These policies may have lower coverage limits and higher premiums due to the lack of underwriting.
It is essential to understand the pros and cons of each type of life insurance policy and consult with a financial advisor or insurance agent to determine the best option for your needs.
Guaranteed Issue Life Insurance Products
Guaranteed issue life insurance products are insurance policies that are issued to applicants without requiring a medical exam or health questions. These types of policies are often marketed to individuals who have pre-existing medical conditions or who are considered high-risk by insurance companies.
The premiums for guaranteed issue life insurance policies are typically higher than for traditional policies because the insurer is taking on more risk by not assessing the applicant's health status. However, these policies may be the only option for individuals who cannot qualify for traditional life insurance due to their health.
Guaranteed issue policies typically have a lower death benefit than traditional policies and may have a waiting period before coverage begins. Some policies may also have age limits, meaning that they are only available to individuals up to a certain age.
It's important to carefully review the terms and conditions of a guaranteed issue life insurance policy before purchasing to ensure that it meets your needs and budget.
Simplified Issue Life Insurance Products
Simplified issue life insurance products are policies that offer quick and easy underwriting, meaning they don't require a medical exam or extensive health questionnaire. These products are designed to provide coverage to individuals who may have difficulty obtaining traditional life insurance, such as those with pre-existing medical conditions, or those who are older.
Simplified issue life insurance policies typically have lower face amounts and higher premiums than traditional life insurance policies, but they provide a way for people who may not qualify for traditional policies to obtain coverage.
The underwriting process for simplified issue life insurance products typically involves answering a few basic health questions and possibly a prescription check. The insurer will use this information to determine if the applicant is eligible for coverage and at what premium rate.
Overall, simplified issue life insurance products can be a good option for those who need coverage quickly and may not be able to qualify for traditional life insurance policies. However, it's important to compare rates and coverage options from multiple insurers to find the best policy for your needs.
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Instant-Approval Term Life Insurance Products
Haven Term: Haven Term offers instant approval for term life insurance policies up to $3 million without requiring a medical exam.
Bestow: Bestow provides instant decision term life insurance policies up to $1 million without a medical exam for people between the ages of 21 and 54.
Ethos: Ethos offers instant term life insurance policies up to $1.5 million for people between the ages of 18 and 75, with no medical exam required for some applicants.
Fabric: Fabric provides instant decision term life insurance policies up to $5 million without requiring a medical exam for applicants under the age of 60.
Ladder: Ladder offers instant decision term life insurance policies up to $8 million, with the option to customize coverage and adjust premiums as needed.
Note that the availability, features, and rates of instant-approval term life insurance products may vary by state and individual circumstances. It is always advisable to compare multiple options and consult with a licensed insurance agent or financial advisor to determine the best fit for your needs.
Group Life Insurance Plans
Group life insurance plans are offered by employers to provide financial protection to their employees in the event of their death. These plans are typically offered at a lower cost than individual life insurance policies because the risk is spread across a larger group of people.
Employers typically pay for the majority of the premium, although employees may have the option to pay for additional coverage. Group life insurance plans typically provide coverage in the amount of a multiple of an employee's salary, such as one or two times their annual salary.
Group life insurance plans may also include options for supplemental coverage, such as accidental death and dismemberment (AD&D) insurance. AD&D coverage provides additional benefits if an employee dies or is injured in an accident.
Group life insurance plans are typically offered as part of an employer's benefits package and may be a requirement for some jobs. Employees may have the option to enroll in the plan during open enrollment periods or when they are hired.
In the event of an employee's death, the death benefit is paid to the beneficiary designated by the employee. The beneficiary can use the funds to pay for expenses such as funeral costs, outstanding debts, or to provide financial support for dependents.
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Ideal Candidates For This Coverage
- Ability to read and answer the online questionnaires in English without translation aid.
- Apply from within the U.S.
- U.S. Citizen or Green Card Holder
- Permanently resides in the U.S., excluding N.Y.
- Preferred, standard, and low substandard risks only
- No indication of high life insurance shopping activity with poor disclosure
- Not recently declined by another carrier for medical or criminal history reasons
- No history of illegal activity in the past ten years
- No DWI or DUIs in the past five years
- No indication of adverse financial profiles or credit issues
- BMI is between 18.5 to 39.9
- Tobacco-Users included
Applicants That Might Get Approved For Coverage
These medical conditions may allow you to avoid the medical exam. However, applicants with pre-existing health conditions should pursue coverage with a medical exam to prevent being declined.
- Chest pain, non-cardiac related
- Depression, mild with first-line treatment
- Anxiety, mild with first-line treatment
- Attention deficit disorder, mild with first-line treatment
- Obsessive-compulsive disorder, mild with first-line treatment
- Seizure disorder, well-controlled
- Upcoming surgery or procedure
- Type 2 diabetes, age 30 and over, well-controlled, treated with oral medication only (no insulin)
- Hepatitis, acute and recovered
- Sickle cell trait (not disease)
- Skin disorders, including basal cell or squamous cell carcinoma
- Disability payments within the past 12 months
- Well-defined mild marijuana usage
Applicants That Will Be Declined Coverage (Most Likely)
The following medical conditions will be declined for coverage almost every time. Applicants should pursue policies with a medical exam and endure the entire medical underwriting process.
- Alcohol abuse
- Amyotrophic lateral sclerosis
- Aneurysm
- Bipolar disorder
- Cancer (other than basal cell & squamous cell)
- Cardiomyopathy
- Chronic hepatitis
- Chronic kidney disease
- Chronic obstructive pulmonary disease
- Diabetes (Type 1)
- Eating disorder
- Heart disease or failure
- HIV-positive or medically diagnosed as having AIDS
- Huntington’s disease
- Liver cirrhosis
- Multiple sclerosis
- Organ transplant
- Peripheral arterial disease
- Post-traumatic stress disorder Psychosis
- Schizophrenia
- Sickle cell disease (not including the trait)
- Stroke (mini-stroke/TIA may be insurable)
- Systemic Lupus
- Any use of cocaine, methamphetamines, heroin, opioids, hallucinogens, or any controlled substance not prescribed by a physician
- Currently in a hospital, long-term care facility, or hospice
- Confined to a wheelchair, had any memory impairment, or used supplemental oxygen within the past 12 months
- Received assistance or supervision with dressing, eating, bathing, toileting, or moving around the house within the past 12 months
- Unexplained weight loss
