No Exam Life Insurance FAQs

Can I really get a life insurance policy without taking a medical exam?

In most cases, yes you can. A no exam policy simply means that there is no medical examination needed to get approved. However, that doesn't mean that you are guaranteed to be approved. The life insurance company will still do a medical background check from information available as well as a prescription history check.

What is the difference between a no exam policy and a fully underwritten policy?

A no exam life insurance policy requires no medical exam, but that also means that the insurance carrier cannot be completely sure about your health. In a sense, the carrier is taking more of a risk by insuring you without completely checking your health. Because of this, rates on a no exam life insurance policy are higher than a traditional policy. You are also limited to how much coverage you can get. Most companies will go up to $250,000 without an exam, and some companies will insure you up to $500,000. If you need more coverage than this, then a policy with a medical exam will be more appropriate.

Is a no exam life insurance policy suitable for someone with health issues?

It depends on what those health issues are. If you have some elevated blood pressure or cholesterol, then maybe. If you have major health issues, then you should look at a different type of policy. A no exam life insurance policy is typically best for those who are in average to above average health.

When do you recommend getting a no exam policy?

If you want to add to the insurance that you have or if you simply do not want to endure a physical examination, then a no exam life insurance policy may be right for you. It is not recommended if you are trying to hide a medical condition or your smoking status. In many cases, the insurance company can still find out about health conditions through a separate medical background report.

If you think that a no physical insurance policy is right for you, then get a free quote today to compare rates. You can compare quotes for no exam life insurance policies as well as fully underwritten policies to find out which rates are best for your situation.