No Medical Questions Or Exam Life Insurance

Insurance Quotes -> Life Insurance -> High Risk Life Insurance -> No Medical Questions Or Exam Life Insurance

People who view it as a hassle to see a doctor and undergo a health exam just to get insurance have the option to get a no medical questions or exam life insurance policy, which many U.S. insurance companies now offer. Buying life insurance is generally viewed as a tedious process primarily because a medical exam is needed to qualify for it - a no medical questions or exam life insurance policy directly addresses this issue, but you need to understand the limitations.

What's Different About No Medical Questions or Exam Life Insurance Policies

Insurance companies call life insurance without a health exam a 'term life insurance' since you opt for a fixed term. Some companies refer to it as a 'guaranteed issue policy' or 'simplified life insurance'. Regardless of what a company refers to the no medical questions or exam life insurance policy they offer, they will generally limit benefits to a lower amount than other types of insurance policies in their portfolios, because the issue of your health risk remains an unknown.

The reason for this is that the premiums for term life insurance without a health exam are higher for a given benefit, and if companies raised the benefit amount, it would send premiums through the roof! This would make premiums cost much more than anyone would want to pay. Nevertheless, despite the relatively high premiums and smaller benefits, no medical questions or exam life insurance has become an alternative for people who want a convenient way of purchasing life insurance.

Qualifying for a No Questions Asked Term Life Insurance Policy

A warning to those who think they can 'trick' policy providers - all life insurance policy questionnaires are generally very thorough and if you do not tell the truth about your health, your policy can be cancelled. Also, people over age 50 and those involved in certain high-risk jobs and hobbies will usually not qualify. You can qualify for a life insurance policy without a health exam if you are not afflicted with a major medical condition such as cancer, diabetes, or HIV.

Deciding on a Term Life Insurance Policy

If you're not really in the market for a large policy, a term life insurance policy without a health exam is a good option, but you have to remember that not everyone qualifies for this type of policy. If a lower-benefit package is your desired option and a company grants you a medical questions or exam life insurance policy, you can usually upgrade to a different policy when your old one expires.

Terms are usually set for 5, 10, or 20 years. And while some companies offer only up to $100,000 for no health exam life insurance benefits, some advertise that they offer up to $250,000. Smaller amounts in the $25,000 to $50,000-range are, of course, also available. You will need to consult with an agent to discuss the right policy for you, but we've made it easy to start to start the process, getting multiple quotes from top insurance companies, so you get the best possible deal.

Information on no questions asked life insurance, including no medical questions or exam life insurance with free quotes. No questions asked term life insurance may be a viable option.

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