No Medical Exam Life Insurance
No medical exam life insurance is exactly what it sounds like- life insurance that
does not require any type of medical exam. It is generally a short
application with a series of health questions and, if you can answer no to the health questions, you have a
good chance of getting approved for no medical exam life insurance
Can I get no medical exam life insurance if I have health issues?
You have to be in pretty good health for a no medical exam life insurance policy. That means you cannot
have any major pre-existing conditions. Some conditions are considered would be minor cholesterol
issues or high blood pressure. Most companies will want to know that you are only taking one medication for
control of those health issues. Your height and weight are also considered. If you are obese or overweight, your chances of being approved are very
unlikely, but there are other options for you.
What makes no medical exam life insurance different?
A no medical exam life insurance policy does not require a
physical exam so it will cost more than a traditional policy. This is due to the fact that the
carrier cannot fully verify your health, so there is more risk to them. They make up for that risk by charging more
for the life insurance. For some, it's worth it for the convenience, while others may decide to go through with a
life insurance medical exam to get a lower rate.
Overall, a no medical exam life insurance policy is a good choice because it is a
convenient way to obtain coverage. If you are in general good health and you don't want to go through with a
medical exam, then this may be a good option for your life insurance needs. It is best to compare your options
between no medical exam life insurance and a fully underwritten policy.
Compare Rates for No Medical Exam Life Insurance
The first step when looking for no medical exam life insurance is to shop around. Rates can
vary by as much as 70% from one carrier to another, so it definitely pays to shop around. Start by getting
a free no obligation quote and compare multiple quotes from the nation's
highest rated carriers. Remember that all life insurance carriers have different rates for no medical
exam life insurance, so you will save money by comparing rates first.