Compare ALL the top rated life insurance companies that don’t require a medical exam to purchase life insurance.
We can secure you over $2,000,000 of life insurance with no exam required. Ask us how!
We have life insurance options without an exam for those who have health complications as well.
The truth is – If you have loved ones who depend on you financially, odds are, you need life insurance.
Fortunately, there’s never been a better time to purchase life insurance, especially if you are interested in skipping the medical exam.
Why? Life insurance companies realize quite a few of us have no interest in being poked with a needle. They are expanding their no physical life insurance policy options while lowering premiums (what you pay in exchange for life insurance).
Simply put, no exam (no physical) life insurance is life insurance issued without the physical examination of the applicant.
While no exam life insurance can be an excellent fit for many, there are some specific circumstances in which it’s highly recommended:
Often, life insurance is needed in a hurry. No exam policies, in comparison to medically underwritten policies, can shave weeks off of the process of policy issuance.
Common situations in which life insurance is required quickly:
White coat syndrome, also called white coat hypertension, refers to a condition in which a patient’s fear – and consequently their blood pressure – spikes in a medical setting.
It’s common to loathe medical settings. You may experience:
In fact, for some, the idea of being poked with a needle has prevented them from making a life insurance purchase.
Fortunately, there’s never been a better time to purchase term life insurance with no physical. Your options have increased while the cost has decreased.
Multiple minor health issues may preclude you from a Standard or better health rating if you participate in medical underwriting.
Here’s why: Often, if you take a couple medications, or are being treated for a few minor health issues (i.e. high cholesterol, high blood pressure), your lab work might indicate concerns that you may be unaware of.
In other words, your lab work, should some red flags pop up, could place you in a Rated health class, meaning that you will have to pay a surcharge on your life insurance premiums of somewhere between 20 – 200%.
A Standard approval for no exam life insurance will, in all likelihood, cost you significantly less than a Rated approval for medically underwritten life insurance. Remember, no exam life insurance uses less scrutiny during the underwriting process (how life insurance companies evaluate risk).
Life insurance underwriters want to see proactive care of your health. If you haven’t had a checkup in the last couple of years, there’s a possibility that something surprising could show up in your lab work.
Think: high cholesterol, elevated blood sugar, elevated liver enzymes or high triglycerides.
Keep in mind, honesty is always the best policy. Accurately answer all questions asked during the interview.
Bottom Line: Life insurance with no physical is an excellent fit for many, especially if you can’t stand needles, have a few health conditions, have not seen your doctor recently, or need coverage in a hurry.
Even though each no exam life insurance carrier uses their own process, you can expect a streamlined application that generally follows these steps:
Here’s why: Independent agents have your best interest in mind. They are not held captive to a particular life insurance carrier. Independent agents will shop the top-rated no exam life insurance carriers to find the best policy at the best price for you.
Almost always, you will submit your no exam life insurance application electronically.
Electronic applications are cost-effective and are much faster than tedious paperwork and snail mail.
Usually, the next step will be a phone interview.
Anticipate a phone conversation lasting between 20 – 30 minutes.
You will be asked straightforward questions about:
Underwriters (that’s who evaluates your life insurance application) will usually lookup records from three sources:
Often quickly, you will receive an answer to your life insurance application. Sometimes, the decision comes almost instantly – within minutes. Other times, you may need to wait a few weeks.
Expect one of three possible decisions:
Bottom Line – No exam life insurance is usually a convenient, quick and affordable way to secure financial protection for loved ones.
There are four primary types of no exam life insurance:
When you hear the term, “no physical term life insurance”, Simplified Issue is likely what’s being discussed.
As the name implies, Simplified Issue means the underwriting process is simplified – you get to skip the medical examination.
Today, this type of life insurance is sold more often than ever before.
Here’s why: Life insurance carriers realize many of us have no interest in being poked with a needle. Carriers would like your business and have, as a result, expanded coverage amounts and lowered premiums.
Graded Benefit life insurance is often your next stop if you don’t qualify for traditional life insurance (stricter underwriting).
A key detail about Graded Benefit is that the death benefit is not entirely available until, typically, 2 – 3 years after your policy is issued.
In other words, should you pass away during the first or second year of your policy, your beneficiaries can expect to receive a percentage of the death benefit:
After year three, you can expect 100% of the death benefit to be paid. Keep in mind the benefit payment structure is an example and carriers differ.
Expect to be asked a few questions during the application process. We’re talking about a lenient health questionnaire with basic knockout questions, like:
Graded Benefit life insurance is typically an excellent option for someone who has been declined for traditional life insurance. Most can qualify for Graded Benefit.
While $50,000 may not be an ideal coverage amount for a family, some life insurance is better than zero life insurance.
Guaranteed Issue (GI) life insurance (like AIG) is best for those who are, and we mean this in the nicest way, uninsurable. If you have exhausted all other life insurance options, you will want to consider GI.
Think of Guaranteed Issue as life insurance with no health questions asked.
Keep in mind that the death benefits will not typically pay out until 2 years after the policy has been issued. That is to say, should you die during the first 2 years of the policy, your beneficiaries will not receive payment.
Guaranteed Issue life insurance should be considered your last resort for coverage.
Aptly named, Final Expense (FE) life insurance works best for those looking to cover costs associated with end-of-life needs.
Final Expense policies typically do not have a waiting period, meaning that full coverage starts immediately.
Final Expense policies are designed to provide financial protection during a vulnerable time for your family.
|Simplified Issue||Guaranteed Issue||Graded Benefit||Final Expense|
|Wait Period For |
|Capped Coverage At $50,000||No||Yes||Yes||Yes*|
*Some final expense policies cap at $100,000.
**Some carriers use Accelerated Underwriting, with the possibility of a medical exam being ordered. Communicate with your independent agent whether or not you are okay with a chance of a physical.
Bottom line – Different types of life insurance without a physical exist. Be sure to know the differences to determine which one is the best fit for you.
Often overlooked, riders are provisions to your life insurance contract that provide additional benefits.
Let’s examine the most popular riders offered with no physical life insurance:
An additional amount paid should you die in a qualifying accident
The option to accelerate a portion of your death benefit should qualifying medical needs arise
If disability occurs, the ability to keep your policy in force without paying your premiums
In addition to covering your life, your child will have life insurance coverage under your policy
When you are deciding which no physical life insurance company to apply with, be sure to be familiar with their available riders. Each company’s riders are different and an independent agent should help you compare and contrast.
Smokers and tobacco users can purchase no exam life insurance. In fact, most no exam life insurance carriers offer coverage to smokers.
There are 4 things you need to know about smoking and no exam life insurance:
Bottom Line: Smokers purchase no exam life insurance all the time. Depending on your overall health and frequency of tobacco use, it’s possible to find competitive premium rates without undergoing a medical exam.
Pre-existing conditions are very common – and securing life insurance without a physical is entirely possible, even if you have a health concern or two.
To start, let’s define pre-existing condition: a condition, health or otherwise, existing prior to your life insurance application.
Let’s consider how life insurance companies, particularly the underwriters (that’s who evaluates risk), view the top ten most common preexisting conditions:
How well-controlled your hypertension is – and any possible side effects you have experienced – are important to underwriters.
Be ready to communicate: your doctor’s records on your blood pressure, possible medications you take to control your blood pressure, tobacco use, and whether you have experienced the following: heart disease, stroke, loss of kidney function, or cognitive impairment.
Bottom line: if your high blood pressure is effectively managed, it’s possible to secure life insurance at low rates.
A generic term that indicates a number of conditions – will be of interest during your life insurance application.
Be ready to communicate: your history of heart attack or stroke, your doctor’s records on your heart/circulatory system condition(s), your prognosis and current treatment plan.
Bottom line: the severity of your heart disease will determine what type of life insurance you qualify and how much you will be charged. It’s very possible to secure coverage, especially if you have a mild form of heart disease.
Again, the degree of control is what life insurance companies will be considering. Keep in mind, type 1 and type 2 diabetes are viewed differently by underwriters.
Be ready to communicate: the type (1 or 2), the age of diagnosis, complications, treatment plan, symptoms and side effects.
Bottom line: it’s easier to be approved for life insurance with well-controlled type 2 diabetes than it is for type 1 diabetes. However, depending on your overall all prognosis, no physical life insurance is available to diabetics.
Applicants with high-cholesterol are approved for life insurance all the time. Additionally, no exam life insurance for overweight individuals is available.
Be ready to communicate: date of diagnosis, your lab results for cholesterol readings, any side effects you have experienced as a result of high cholesterol.
Bottom line: life insurance approval with high cholesterol happens all the time. Your overall health, treatment plan, and history of effective management are important.
It’s very common to be diagnosed with depression or anxiety. Underwriters will want to know about your experiences relating to the condition.
Be ready to communicate: date of diagnosis, history of hospitalizations, current treatment plan, medications prescribed and possible side effects (i.e. your ability to work, medication side effects).
Bottom line: it’s very common to secure life insurance with a history of depression or anxiety. Be honest and upfront with your life insurance agent in order to find the best carrier to work with.
Underwriters will be most concerned about your type and degree of control of MS.
Be ready to communicate: what type of MS you have (i.e. relapsing-remitting, secondary progressive), how often you experience attacks, medications prescribed, any disability as a result of MS, and records from your physician.
Bottom line: your experiences surrounding MS will determine your ability to be approved for MS and how much you will be charged. MS that is effectively managed has a high rate of life insurance approval.
Your specific cancer diagnosis is important to the life insurance company. However, life insurance for cancer patients is available.
Be ready to communicate: the type and stage of cancer, date of diagnosis, treatment history, current treatment plan – including medications prescribed, and prognosis. Be sure to have medical records available.
Bottom line: Cancer survivors are approved for life insurance all the time, and your type, stage, and prognosis are important factors in determining your ability to be approved.
Chronic obstructive pulmonary disease is very common. Underwriters will ask you specific questions about your COPD.
Be ready to communicate: your pulmonary function test (PFT) results, your specific diagnosis, physician’s records, current treatment plan, and prognosis.
Bottom line: Mild COPD will afford you the lowest life insurance. However, coverage is still available for those with more advanced (but not severe) COPD.
A history of drug or alcohol addiction will need to be reviewed during your application process.
Be ready to communicate: years of sobriety, date of treatment(s), history of DUI or arrest, any medical side effects from drug or alcohol abuse, current overall health, and your physician’s records.
Bottom line: recent drug or alcohol treatment (within 5 years) will make it more difficult to purchase coverage. Your ability to secure affordable life insurance depends on your sobriety and overall health.
Very common, arthritis sufferers purchase life insurance all the time.
Be ready to communicate: your type of arthritis (i.e. rheumatoid arthritis or osteoarthritis), health effects as a result of your arthritis, treatment plan, medications, and prognosis.
Bottom line: osteoarthritis will typically afford you lower rates than rheumatoid arthritis. It’s highly common to secure coverage, regardless of the type of arthritis you have.
At the end of the day – Your specific pre-existing condition, and the health effects related to it, will determine what type of life insurance you can qualify for.
Keep in mind -Life insurance without a physical is purchased all the time, even if you have a health condition.
Plenty of options for no exam life insurance for seniors exist.
While there is no clearly defined age in the United States, most consider somewhere between the ages of 55 – 65 to be senior status.
Typically, seniors opt for one of the following types of no exam life insurance products:
Life insurance issued for a specified period of time, for example, 10 year term.
A type of term life insurance that is designed to last your entire life.
Note – most GUL policies require medical underwriting, but no exam options exist
Whole life insurance designed to pay for end-of-life monetary needs
Additionally, there are two more types of no exam life insurance for seniors not purchased often:
No exam whole life insurance lasts your whole life and accumulates a cash value.
A form of whole life insurance with flexible premiums and death benefit, and a cash value connected to investments.
Bottom Line: No exam life insurance is often an excellent fit for seniors. Keep in mind your age, term length and health status can directly affect how much you are charged for your life insurance policy.
Your life insurance needs are entirely unique to you.
To get started, grab a pencil, paper, and calculator to consider the following:
During your working years, life insurance is often viewed as income replacement. You will want to purchase an amount of life insurance that would replace your annual income so that your loved ones are able to meet their financial requirements.
Finally, regarding face amount and term length, calculate how many years you will work until retirement. Not only do you need an appropriate face amount, but you will also want the policy to last long enough to provide adequate coverage.
For example, let’s say you earn $50,000 annually. You plan to work for 20 more years before retiring.
Generally, we would recommend you purchase a policy for at least your annual income, multiplied by the number of years you plan to work. In this example, $50,000 x 20 = $1,000,000 20 year term life insurance policy
Note – Commonly, life insurance needs change throughout your lifetime. We recommend purchasing an amount of life insurance that meets your current needs. In the future, your independent agent can always guide you in making changes to your life insurance planning as needed.
Circumstances do exist in which no exam may not be the best fit for you:
At the end of the day – Your best bet for determining whether or not no exam life insurance is a good fit for you is to partner up with an independent agent.
A tree’s three primary parts provide an excellent analogy for how your finances can be categorized:
The wind cannot defeat a tree with strong roots. – The Revenant
While each part of the tree is important, truly, you need the roots to thrive in order to have a healthy tree.
Strong roots are an excellent representation of life insurance protection because, without them, you are not safe from potential storms.
It’s not fun to think about, but purchasing life insurance is the right thing to do if people you care about depend on you financially. Your life insurance policy can protect your family during a storm: loss of life, terminal or chronic illness, loss of employment (with proper riders).
Two things need to happen in order for you to apply for life insurance with no physical exam required: