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Why Life Insurance in the 21st Century is Moving to Non Medical Exams

It is possible to buy affordable term life insurance online without a medical exam. Making sure you understand your options, so you get the right life insurance plan for you.

Non medical exam life insurance

Non Medical Exam Life Insurance

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 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 life insurance, 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.”

No Medical Exam Life InsuranceNon 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 no medical exam no waiting period

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. 

Best life insurance no medical exam

There is 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.  

Non medical life insurance quotes

Meet the team

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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