LIFE INSURANCE NO MEDICAL EXAM

Take 5 minutes to review this article and know everything a consumer should know about buying no medical exam life insurance. Well go over:

  • The 5 Best No Medical Exam Life Insurance Companies
  • Qualifying for term and whole life insurance with no medical exam
  • What no medical exam companies check
  • No medical exam life insurance tips

WORKING WITH A BROKER

The best no medical exam policy will depend on YOUR unique risk since each company has different underwriting guidelines.

Lets start with a list of the 5 best no medical exam life insurance companies.

To compare no exam life insurance quotes, fill out our quote request form on the right or CALL US AT (888) 430-7668

 
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THE 5 BEST NO MEDICAL EXAM LIFE INSURANCE COMPANIES

FIDELITY LIFE INSURANCE

Fidelity Life Insurance has 3 types of no medical exam life insurance policies. Each will give you a decision within 48 hours!

Rapid Decision Express (most popular): Term life insurance issued from ages 18-65. Coverage amounts from $25,000 to $250,000. Must complete application over the phone with an agent. Must be in good health.

Hybrid Life Insurance: Term life insurance issued from ages 18-65. Coverage amounts from $50,000 to $1,000,000. Must complete application over the phone with an agent. You can have some health issues and still qualify. The big difference is there is an initial blend of of all cause life insurance and accident only life insurance. You can take a medical exam if you wish to turn the full amount into all cause coverage.

Senior Whole and Term Life Insurance: Term or whole life insurance from ages 50-70. Coverage amounts from $10,000 to $150,000. Only partial coverage during the first 3 years, after 3 years you have full coverage.

1 CLICK COVERAGE (NATIONAL LIFE GROUP)

1click Coverage is a no medical exam product by National Life Group where you can apply online and receive an INSTANT decision. You have to be fairly healthy to qualify.

1ClickCoverage is always the lowest no medical exam life insurance policy for smokers.

Coverage amounts are $25,000-$350,000.

Receive instant quotes and apply online for 1clickcoverage here.

ASSURITY LIFE INSURANCE

Assurity Life Inusrances NonMed Term 350 is a no medical exam life insurance policy issued to ages 18-65 with coverage amounts from $50,000 - $350,000.

You can complete a phone application OR a paper application and a decision will be made within 14 days after being submitted to underwriting (usually around 10 business days). This is an agent assisted application only and there is no apply online feature.

For Assurity no exam life insurance quotes, please fill out our quote request form on the right or call us.

AMERICO LIFE INSURANCE

Americos non-med HMS 100 product requires no medical exam. Issue ages are from 20-60 and coverage amounts are from $25,000 - $400,000.

This would be a paper application that we can e-mail, fax or mail to you. Approvals are given with 14 business days usually.

What sticks out about Americo is their underwriting. They will approve risks that some no-exam life insurance companies wont. Their underwriters are given the ability to interpret each risk instead of what it shows on paper. This means we can write a cover letter and explain any medical issues and they will consider.

AMERICAN NATIONAL (ANICO)

ANICO Signature Term is a no medical exam term life insurance policy with issue ages from 18-65 and coverage amounts from $50,000 - $250,000.

This application can be taken over the phone and sent to you for an e-signature or it can be a paper application emailed, faxed or mailed to you. Decisions are made within 72 hours.

You have to be VERY healthy to qualify for this policy. Underwriting is strict. If youre healthy, they will reward you with some of the best no medical term life insurance rates available.

To compare no exam life insurance quotes, fill out our quote request form on the right or CALL US AT (888) 430-7668

The list above is NOT a ranking - each of these 5 companies has their own strengths and well recommend the life insurance company that will provide the lowest rates.

Other life insurance companies who have non-med products include Mutual of Omaha, Transamerica, United Home Life and MetLife. In some instances we might recommend one of these companies because every one of these companies will look at your risk differently. Each of them have their underwriting strengths and weaknesses. It will all depend on your situation and the state you live in. Learn more about your state by finding it on our page for life insurance areas served.

QUALIFYING FOR TERM LIFE INSURANCE WITH NO MEDICAL EXAM

For a term life insurance policy with no medical exam, you have to be in good health.

We can obtain coverage for controlled diabetics, controlled high blood pressure, controlled cholesterol, mild asthma and other minor health issues with no exam.

However, those with moderate health issues will have to apply the traditional route with a medical exam.

QUALIFYING FOR WHOLE LIFE INSURANCE WITH NO MEDICAL EXAM

For small whole life policies, its a little different. These are often called Final Expense or Burial policies and there's a lot of leniency in underwriting. Typically, these are $5,000-$25,000 of coverage and are guaranteed level for the rest of your life.

You can have some moderate health issues and still qualify for these no medical exam whole life insurance policies.

We can compare these policies for you as well.

WHAT DO THE NO MEDICAL EXAM LIFE INSURANCE COMPANIES CHECK?

Besides the questions on the application, life insurance companies will qualify you based on the results of these 3 bureaus:

1. MIB - (Medical Information Bureau) operates a secure, industry-wide database where North American life and health insurance companies share information significant to an individuals health or longevity taken from prior applications for insurance and requisite underwriting investigations.

2. Motor Vehicle Report - You MVR is checked for DUIs, reckless driving tickets, suspended licenses and excessive moving violations.

3. Pharmacy Report - This is a database that lists all your prescription medications. So these life insurance companies will have outside sources help them in their decision to approve your application besides the answers on your application.

IMPORTANT NO MEDICAL EXAM LIFE INSURANCE TIPS

Be aware that you're paying for the convenience of not taking a medical exam. No medical exam life insurance is more expensive than if you took the exam. Its important to shop ALL your options.

If you're in good/fair health, you can save money by taking a medical exam to qualify for life insurance. Well give you rates for both and let you decide.

HOWEVER, there are instances when life insurance with no medical exam makes sense:

You need the insurance NOW and cant wait 6 weeks for a traditional policy to make it through underwriting. This is typical for those who need life insurance to acquire an SBA loan, income stream advance, want something before they go on a vacation or just don't have the time to go through the underwriting process

You haven't been to the doctor in more than 2 years. You have no idea what could be on your medical exam lab work if you haven't seen a doctor in over 2 years. Your cholesterol, triglycerides, glucose levels or anything they test for could be elevated and prevent you from obtaining coverage. Securing a no medical exam policy first, gives you the peace of mind that no matter what happens with your lab work, your family will be covered.

You're scared of the needle. Many consumer buy no medical life insurance solely because they are afraid of needles.

If you're in the market for life insurance with no medical exam, please don't hesitate to contact us. Well ask you a few health questions and recommend the cheapest no medical exam life insurance policy for your situation.