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Non Medical Exam Life Insurance
It is possible to buy affordable life insurance online with no medical exam. Making sure you understand your options, so you get the right life insurance plan for you.
- updated last on March 2, 2023
No medical exam life insurance over 50
The good news is that companies offer life insurance coverage to people over 50 without having to complete an exam.
There are still many life insurance options if you are age 50 or more, including both term and permanent coverage.
You will only have life coverage for a certain amount of time with term life insurance, based on years 10, 15, 20, 25, or possibly even 30 years.
A good fixed term life insurance contract guarantees that the amount of the death benefit and the premium will remain fixed or stay the same for the term.
It’s possible to skip the exam’s physical component with a non-medical exam life insurance policy. Known as Simplified issue life insurance. If your purchasing term life or whole life, it’s possible to skip the medical exam and quickly purchase it, often with no waiting period.
Non Medical Exam Life Insurance is moving to the 21st century
Purchasing life insurance typically requires establishing an appointment at your residence with a representative, revealing medical information, acquiring medical records to get cleared by your physician, and patiently waiting for a stack of documentation to become approved. Not anymore! Our new Non medical exam life insurance quote and apply platform allows to you run your quote then apply for the policy on the spot with AARP life insurance no medical exam. Insurance made easy.
That actual first method didn’t quite work for Elden McCubbin of Erlanger, KY. He needed life insurance for his family, but being on call every day with his maintenance job, he couldn’t agree to a meeting or take part in a long session.
So he went to www.CoachBInsurance.com, discovered a plan he liked, inserted only his most common contact information, and pushed a button. Just that easy. Within the next couple of days, he was approved for his insurance, with no home appointments or healthcare examination necessary.
However, did the online coverage satisfy his needs and fit his budget?
“Absolutely, I’m very pleased with it,” Elden said. Six months later, he also purchased a final expense policy-again, with just a click of a mouse.
Lucy Davis of New Castle, KY, also chose Coach B. Insurance to save her time. A retired Army woman, she has medical insurance with the military services and may have selected to visit her physician to acquire the best life insurance without medical exam, but made the decision not to.
“It takes too much time. Going to the base and wait around, wait and wait,” she said. “Convenience was in fact the number one option for me. Get it completed as fast as possible.”
Since buying insurance on the web gains broader acceptance, a lot more men and women are selecting to purchase life insurance online, mostly when people can stay away from a healthcare exam.
“There’s certainly a huge interest for it,” said Tom Byers, a sales representative for Assurity Life, which promotes the no-medical-exam policies. “Folks just don’t want you in her or his home anymore taking up their valuable time. They just don’t wish to slow up long enough to give blood and urine to a nurse.”
Non medical exam life insurance is actually riskier for insurance providers, and very few life insurance companies currently provide these policies, but that is most likely to change because of buyer demand, said Scott Benton, founder of Coach B. Insurance. About 70% of his agency business is non-medical-exam policies, and the percentage continues to increase.
Non medical exam life insurance can run a little more compared to the type that calls for an exam. Nevertheless, consumers prefer it. “Given an option, they’ll pay a little more for it,” said Benton.
“As additional healthcare information becomes available online, this will become easier to do. There is no doubt, the medical insurance business is starting to push towards this model.”
Life insurance over 50 no medical exam
Up to 500k life insurance no medical exam required for Simplified issue life insurance policies, but there could be a short medical questionnaire that you may need to fill out with the application. Common questions like medical history, any hospitalizations, height and weight and stuff like that. Also, will ask about if a history of drug or alcohol abuse and if you ever used tobacco.
Medical information bureau report, motor vehicle report, and pharmacy checks are three reports that most carriers will run when applying for a simplified issue policy. Most people go with a term policy because of cost, but whole life insurance is available. They do set max amounts on these type of products. Usually, 1 million and under, with most maxing out at $500,000. These products typically cost a little more in premium but are becoming much more competitive now.
A simplified issue is for: Those people who don’t mind answering a few health questions but don’t like needles and want to skip the exam and get covered quickly. This non medical exam life insurance policy is right for you.
Compare the market, right here.
Coach B. saves you up to 60% by comparing the top-rated companies on our quote and apply platform.
$250k life insurance no exam
If you consider buying a $250,000 life insurance policy, you certainly are not by yourself. It is the most popular and most commonly purchased death benefits in the United States.
You will often see many life insurance companies advertising a $250,000 death benefit on the radio, across the internet, and on television.
Is a $250,000 life insurance policy right for you?
COMMON REASONS FOR BUYING LIFE INSURANCE:
- Married – Most married couples will buy life insurance to cover each other while they are in their working years.
- Children – Coverage is ordinarily essential to most couples with minor children.
- Mortgage Protection – A term policy can help protect an outstanding mortgage balance.
- Income Protection – A life policy is excellent to protect a couple’s income for surviving family members.
If you figure up all of your family’s debts, regular living expenses, and future financial obligations, you can see why you need to buy a non medical exam life insurance term policy.
Guaranteed acceptance life insurance no health questions
Along with other whole life insurance contracts, guaranteed issue policies will build a cash value over time, and the coverage will last as long as the premiums are paid. Of course, unlike most life insurance policies, there are no health questions and no medical exam when applying.
However, the downside is that the death benefits are usually restricted to no more than $25,000. The Pricing will also be significantly more expensive since the insurance carrier has no health details and has to assume all the risk.
Quotes will be based on your age, location, and gender. Given the ease and simplicity of the application, you can get instant coverage by purchasing online here at Coach B. Insurance.
Frequently Asked Questions
Is no medical exam life insurance worth it?
Non-medical exam life insurance is a good option for people. People are willing to pay more premiums to avoid a medical exam. Consumers who only need a life insurance policy in lower amounts than they might otherwise be able to obtain with an exam.
What life insurance doesn't ask health questions?
guaranteed issue of life insurance
There is no medical exam when you apply for guaranteed issue life insurance. Guaranteed-issue policies require answers to only a few questions about your health information and medical history. These policies generally have higher premiums concerning the death benefit, which is usually capped at $25,000 or less.
Is noexam life insurance more expensive?
Non-medical exam Life insurance used to cost more than traditional policies, but not anymore! With new AI technology, these policies are now about the same as medically underwritten ones. Your monthly premium will vary depending on your age, medical history, and other factors.
About Coach B.
After starting his financial career with Phoenix Home Life Insurance Company back in 1992, Scott decided he wanted to provide people with an easier and more enjoyable way to buy life insurance. That was the start of Coach B. Life Insurance, whose mission is to be transparent, honest, and helpful to customers — without ever bugging or pushing them.
In the years since then, he has worked tirelessly to improve the process of shopping for insurance. His goal is to make sure that everyone who comes to Coach B. — whether they end up buying a policy or not — has the best possible experience.
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