affordable life insurance no exam

Life insurance without medical exam -- simplified issue provides coverage with no physicals, blood tests, or urine tests. Suppose you require protection on short notice or have existing health conditions that make it difficult to pass a medical examination. In such a scenario, simplified issue-term insurance is viable and cost-effective.

Some insurance companies offer a product known as no medical exam insurance in which the quotes are based on your range of age (typically five years, for example 50-54). In these insurances, the duration of the term is one year. Premiums increase as you are in a new age group that will become expensive for fifteen or 20 years.

An alternative is to speak with an independent insurance broker (like the Annuity Expert). They work with a variety of firms and can assist you in determining the right policy for your needs.

Then, there's "term life insurance." The policy is subject to passing a medical examination, but the waiting time is typically less (usually only two weeks). Because it's term insurance that will pay out a death benefit, it's only paid out if die within the timeframe that the insurance policy covers (usually 20-30 years).).

If you're applying for insurance without a medical exam, you'll be asked various questions regarding your health and medical background. The answers you provide can be used to determine if you're eligible for insurance coverage. The questions asked vary according to the insurance company, which means that you could be rejected by one firm and then find the same range at a different one.

Even though your initial no medical exam term life insurance quote was for $119, the average you would pay over the term is $182 per month. Over 20 years, you're paying $15,120 more than if you found a level term policy for $119 per month. Level-term policies are usually more affordable since premiums can vary based upon factors other than age, and the insurer can better price your risk profile.

It's difficult for an insurance company to fully evaluate your lifestyle and health without health-related information. The higher risk they take by offering insurance without the insight of a health exam is offset by a higher premium. If you have a medical condition that you manage well, you may still qualify for a typical life insurance policy with a more affordable premium than the no-exam options. Shop around by getting life insurance quotes before getting life insurance with no medical exam.

Certain insurers provide the option of no-medical exam insurance. They are typically simple or guaranteed issue policies. In general, life insurance coverage will require a medical examination that includes a physical and a blood test. However, life insurance that does not require a medical exam permits you to get insurance coverage without a medical exam and sometimes, without having to answer any health-related questions. Obtaining an insurance policy for a term or a permanent one without a medical exam is possible. Still, it will cost more than policies that require an exam for medical reasons.

Suppose one of these scenarios applies to you. In that case, we suggest looking for an insurance provider offering underwritten coverage specifically for your needs, as insurance companies each have their limitations. Independent insurance brokers represent many companies and are aware of the requirements for the underwriting of each insurer. So an agent could assist you in locating an insurer that will accept your health information.