No Exam life insurance allows the consumer to purchase insurance on a less invasive platform. Usually the application has fewer questions and normally there is no exam. We have broken these non medical policies into two groups, No Exam and Simplified Issue. Some of the policies are priced competitively for face amounts of $500,000 or less and others are more expensive allowing more health concerns to be present at time of issue. Most of these plans offered are for $350,000 or less. For smaller No Exam Life insurance amounts of 2,000 to 100,000 we can also use whole life insurance programs that have level premiums and death benefits to age 100.
What are the common reasons for purchasing a No Exam Life Insurance Policy?
Normally there is no an exam.
Takes less time to purchase than a fully underwritten life insurance policy.
The protection can be well inline with the cheap term plans for lower death benefit amounts.
People who are needle phobic will prefer this option.
People wishing to provide less information for the purchase will go this route.
Who should buy a No Exam Life insurance policy?
Consumers looking for a low hassle insurance plan should consider this choice. Someone who needs coverage in less than a week should look here for sure. Final Expense can be purchased on this platform if reasonable healthy but many will prefer a simplified issue life or guaranteed life insurance instead due to health concerns being greater than no exam life insurance will accept.
Who should not buy No Exam Life Insurance?
If you are looking for the lowest premium and are willing to leverage your great health to obtain the lowest cost will probably want to look else ware. If you are looking for a significant amount of coverage, usually over $500,000 of death benefit will probably prefer another route.
If you are in moderate to very poor health you should look else ware to a Simplified Issue Life insurance or a Guaranteed Life insurance policy.
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