On January 9th, 2012 HSBC Household Life Insurance stopped offering their life insurance. This article will detail your alternatives for a no medical exam life insurance policy outside of HSBC.
Currently, there aren't any term life insurance companies where you can apply for life insurance online through your computer and get a decision immediately. HSBC was the last life insurance company doing this and unfortunately that option doesn't exist anymore.
What this means is you have to be assisted by a life insurance agent to complete a no medical exam life insurance policy and there are also no medical exam life insurance policies for diabetics! Keep reading to learn more about some of our reviews such as our Zander Insurance review before making a final decision.
We work with no medical exam life insurance on a daily basis and are very familiar with the market. Here are your top 3 no medical exam choices now that HSBC life insurance is no longer an option.
Fidelity Life Insurance
Fidelity's "Rapid Decision Express" offers coverage up to $250,000 with no medical exam required. They have a quick online application you can complete over the phone and you can sign with an e-signature. They will check your MIB report, Pharmacy report and Motor Vehicle Record along with the questions they ask on the application before making their decision. We typically get decisions within 48 hours. Read more about Fidelity Life Insurance on our company review page.
Assurity Life Insurance
Assurity's "Non-med Term 350" offers coverage up to $350,000 with no medical exam required. They have an online application you can complete over the phone and add a digital signature OR you can fill out a paper application. They will also check your MIB, Rx and MVR along with the questions they ask on the application before making their decision. Their underwriting process takes 5-7 business days before a decision is made.
Americo Life Insurance
Americo's "HMS Series" offers coverage up to $250,000 with no medical exam required. They only have a paper application you need to complete and fax back. They also check your MIB, Rx and MVR along with the questions on the application. Their underwriting process take 5-10 business days before a decision is made.
Fidelity and Assurity are typically the best priced no medical exam life insurance policies on the market. Americo is more expensive, but they'll take some high risks that the other 2 won't, specifically they'll take controlled diabetes life insurance.
It doesn't matter if you go directly to the life insurance company or contact us directly, we all use the same published rates.
It really is unfortunate that consumers can't secure $500,000 of coverage with 1 company like they could with HSBC. If you want more than $350,000 of coverage, you'll have to combine 2 non-med policies now.
Currently these are the 3 best no-medical exam term life insurance options on the market today.
If you're interested in looking at rates for any of these no medical exam life insurance companies or curious if you'll even qualify, please don't hesitate to pick up the phone and call us or fill out our request form.