No Medical Exam Life Insurance

During a typical life insurance medical exam, a health professional (or paramed) will check your height and weight and may take blood and urine samples. You’ll also probably be asked questions about  your medical history, pre-existing conditions, and smoking or drinking habits. Exams are usually scheduled at no cost to you at a location of your choice. Learn more about taking a medical exam here.

If you’re concerned that your health may affect your ability to get approved for a life insurance policy, ask your agent about one of the following no medical exam insurance options:

Permanent Life Insurance With No Medical Exam

Whole or permanent life insurance offers lifelong protection and can gain cash value during the life of the policy. Part of each premium goes toward a cash value account that can gain interest over time. After you die, your beneficiaries will receive a tax-free lump cash payment as long as you’ve followed the policy terms.

Simplified Issue Whole Life Insurance

helps you fast-track the approval process. This can be a good option if you are looking for basic coverage and have relatively good health. While you won’t need to take an exam, you may have to fill out a health survey and submit a medical history. This type of no exam insurance may not come with the cash value opportunities of other whole life policies, so be sure to ask your agent what your options are.

With guaranteed issue insurance, you don’t have to share medical history or deal with a life insurance medical exam, and you can’t be turned down based on your health. Once you’ve bought your policy, it’s yours for as long as you pay your premiums, even if your health gets worse. While premiums tend to be higher and coverage amounts are lower than other policies, guaranteed issue is often the best insurance option for people who may not qualify for other types of coverage.

Term Life Insurance With No Medical Exam

With term life insurance, you get to choose how long you are covered. Most terms run from five to 30 years, which means you can cover financial obligations for a certain period of time, like paying off a mortgage or raising a family. If your policy is still active when you die, and you’ve followed the terms,  your beneficiaries get a tax-free cash payment to use however they wish.

Guaranteed Acceptance Term Life Insurance

can help you get the coverage you need if you don’t qualify for traditional term life insurance. Instead of a medical exam, you may be asked several health questions about serious conditions and lifestyle choices or given a short survey to fill out. While the premiums and coverage options will be different than traditional policies, guaranteed acceptance plans don’t rely on your medical history to qualify you for coverage.