affordable life insurance no medical exam

You may pursue no medical exam life insurance for personal reasons, such as having a riskier occupation (firefighter, window washer, construction worker, racecar driver, etc.), being a smoker, or managing a pre-existing health condition. A fear of needles can be why you seek life insurance with no blood test. Or you may want no-hassle life insurance with no waiting period. As with traditional life insurance, younger applicants generally qualify for lower rates.

Life insurance without a medical exam is more costly than fully insured coverage. Usually, it offers fewer options, like the option to increase the death benefit of your policy or convert a term insurance policy into permanent coverage. It is also free, typically takes under 30 minutes, and may be performed at home or work. We don't suggest any medical exam-related life insurance policy unless you get traditional insurance.

When shopping for simplified issue term life insurance, you should ensure that a policy is described as "level term" or as having "guaranteed level premiums" for the term length. These phrases mean that the term life insurance quotes you receive reflect the price you'll pay for the entire policy length.

Life insurance without a medical exam is generally utilized to provide final expense insurance because the coverage is lifetime, and death benefits are typically restricted to a maximum of $25,000. Or $50,000. Your beneficiaries could get a substantial payment to cover funeral expenses and other expenses associated with your death and possibly a loan. But it's not enough of a death benefit to pay for the cost of a mortgage or to guarantee income for a long time.

If you want final expense insurance and cannot qualify for traditional coverage, simplified issue whole life insurance will be less expensive than a guaranteed acceptance policy.

Guaranteed acceptance policies provide life insurance coverage with no medical or health-related questions and generally come with the option of a two- to a three-year waiting period. If you die within this time, the insurance company will not pay your total death benefit to the beneficiary. Instead, they will provide beneficiaries with the premiums you've paid and interest (usually 6-10 percent).

Life insurance without medical exam -- simplified option provides coverage with no physicals, blood tests, or urine tests. Suppose you require insurance on short notice or have health conditions that hinder your ability to pass a medical examination. In this scenario, simplified issue-term insurance could be a suitable and affordable option.

Some insurers offer medical examination life insurance. They are generally simple or guaranteed issue policies. Life insurance typically requires a medical exam that includes a physical and a blood test. Contrarily life insurance without a medical examination lets you get coverage without having to undergo an exam at times, even without answering any health-related questions. It's possible to purchase an insurance policy for a term or a permanent one that does not require a medical examination; however, this kind of policy will cost more than policies that require an exam for medical reasons.

Life insurance with no medical exam is an easy option to secure coverage quickly. There's no waiting time, the application is quick to complete, and it is possible to be more easily qualified. It may give you the possibility of getting the coverage you wouldn't otherwise be eligible for because of existing health issues or work in a dangerous job (such as if you're a firefighter or racecar driver, construction worker, and so on.). However, choosing a plan that does not require a medical examination could significantly increase your insurance cost and reduce your coverage.