No Medical Exam Life Insurance

Mutual of Omaha Life Insurance Company
Mortgage Protection Life Insurance
Gerber Life Insurance Company
Americo Life Insurance Company
Sagicor

No Medical Exam Term Life Insurance

Last updated February 3, 2020

It's affordable coverage that offers the same riders and coverages as the fully underwritten policies just without the doctors and exams.

Premiums slightly higher because of no medical exam.

People who doesn't want to go through an exam and is in pretty good health.

Life Insurance No Medical Exam Comparison Chart

Life Insurance No Medical Exam Comparison Chart

No Medical Exam Term Life Insurance?

No Medical exam term life insurance policies are exactly the same as depicted in its name which means Insurance policies without a medical exam. The difference between conventional insurance policies and no medical exam term life insurance policies is the exemption of medical exam while providing same guaranteed coverage.

No Medical Term Life Insurance policies normally have restricted minimum coverage amounts. Mostly they demand complete medical history via a fully underwritten medical form or a questionnaire.

The following details may be required from you like:

  • Your Pharmacy report (list of prescribed medication over the last 5 to 10 years ago.)
  • Report from motor vehicle department.
  • Report from Medical Insurance Bureau.(to check that have you ever applied or denied for the life insurance in past)
  • Credit check(some insurance companies may demand this. 

No medical exam term life policies are usually restrained to lower coverage amounts. It is also known as “Simplified issue” policies.

No Medical Exam Term Life Insurance Makes It Easy

No Medical Exam Life Insurance

Once you start the laborious undertaking of looking around for an affordable no medical exam term life insurance plan, you are certain to become irritated with what feels like the nonstop process of information collecting. Insurance organizations intend to uncover everything that they can find about you: all of your personal details, your habits, one’s family history, your current health. Besides being very stressful and invasive it also demands a significant time commitment.

Certainly one of the more irritating aspects regarding the process will be the actual physical exam. Get prepared to put aside a portion of time for the paramedical physical exam. The exam will consist of about half-hour going through your very own medical background and your present health. You will usually have to have blood drawn, plus certain insurance companies ask for saliva swab and urine samples also. Some providers even call for an EKG, or electrocardiogram, to check out one’s heart health.

Following the appointment, you will need to wait around for the healthcare examiner to submit the outcomes to the insurance company. In the meantime, you will obviously be nervous to discover if the examination turned up something that might impact your access towards a great life insurance plan.

No Medical Exam Life Insurance

There are actually ways towards speeding up the undertaking and get rid of the hassle. A great option? No exam policy.

That is right. You could avoid the actual physical exam completely.

Reasons to Take into Consideration When Looking at a Life Insurance Plan with No Medical Exam?

The standard procedure of getting life insurance happens something like this: Right after talking with an insurance professional, you are able to set up some kind of visit with your physician for an actual physical examination. One’s physician provides the outcomes with the insurance company, and then a company underwriter will review your information. Finally, you will obtain your insurance policy — most likely about 6 to 8 weeks following your first contact with the insurance agent.

Many men and women oftentimes do not wish to or are not able to wait better than a four week period to buy coverage. When considering, many wish to find the best life insurance plan fairly quickly so that they could apply for an SBA loan (Small Business Administration loan). Other individuals find out that their divorce settlement requires life insurance coverage, furthermore needing to find some kind of suitable insurance plan in order that the legal proceedings continue. With situations such as these, individuals will need to buy a life insurance policy as soon as actually possible simply as not to interrupt other aspects of his or her life.

Furthermore, many men and women simply just like the thought of forgoing that physical exam. Simply no need toward fitting in a 30 minutes appointment. Absolutely no needles and getting poked and prodded. Virtually no anxiety of wanting to know whether their unique health will be good enough in order to attain a good rate, or perhaps if the examination results might turn up anything that they didn’t already know about. Probably most important, there is no waiting. Many insurance carriers approve no exam life insurance plans within a day sometimes!

The Things a No Medical Exam Term Life Insurance Plan Will Not Do for You?

At this time, we need to level with you. There are some people who buy no exam medical life insurance so that they can hide a medical problem from the insurance company. But, it doesn’t work for them. If there is anything suspicious in your information during the reviewing process, the underwriter will be referred to do an additional thorough investigation.

There are some ways through which an underwriter can crosscheck your information whether it is true or not.

  • The MIB Report MIB is the abbreviation of the Medical Information Bureau. It is an organization which shares the information about the applicants, like your preceding applications for life insurance, health issues, and risky activity. When a life insurance company asks to examine your record once you’ve submitted an online application, the corporations are able to assure your answers.
  • Motor Vehicle Records– I know that it is difficult to believe it that immaculate driving history can help you to get life insurance effortlessly. With the help of the motor vehicles department, the insurance company can check that have you ever had any accidents and speeding tickets. By gathering information from these departments, they conclude that whether you have a risk of driving accident or not.
  • Pharmacy Report – like the name of this life insurance there is no need for any medical examination. But it doesn’t mean that the insurance companies cannot read your medical background via the Rx report.

 

What Does It Cost?

No Exam Term Life Insurance Plans are now becoming famous because of it no physical medical examination. That is why this type of policy is becoming more popular and highly competitively priced. Some decades ago, there were very few insurance companies who offered life insurance policies without a physical examination.

Nowadays, many of the insurers are getting on board. So, there are many multiple options for you and hard to choose the right one. Our duty is to help you in choosing the optimal insurance company that meets your needs.

No Exam Term Life Insurance plans are beneficial for you but it is also very risky for the insurer. If the insurance company offers you a policy without checking your medical history. Then the insurance company is at risk.

To cover this type of risks the insurance companies mostly limit the coverage amount for no exam policies. Almost all of the insurance carriers have the coverage amount in the range of $25,000 to $400,000.  Some may go up to $1,000,000.

The amount that you have to pay to the insurance carrier in terms of premiums differs by age, Male or Female and the tobacco use of every person. Also, depends on the information that you provide to them for the insurance. For example, a 45-year-old person in good health.

Since he is not a smoker and the medical history is good. He could get a 20 years guaranteed life policy with a face amount of $100,000 for a premium between $30 and $50 a month depending on the carrier.

The best point of our online insurance comparison engine is that it will provide you with all the details of the insurance company you want such as how much it cost. You also can apply right from there. Just enter your information.

There are some factors that you have to keep in mind before you apply for life insurance. Poor health can increase the rate. Some people cannot understand that some factors like:

  • Smoking cigarettes
  • Excess drinking

can double the rate. Believe it or not, if you have mental illness in the past then it can make it expensive too.

What is Time Frame on Getting a Policy?

Time frame on getting life insurance policyMostly, Voice or electronic signature is used for the no medical exam insurance plan. Some insurance companies issue the policy on the same day. It totally depends on the insurance carrier that you choose.

When you apply for a no medical exam term life insurance policy it will be assessed by the underwriter. In this verification process, they review all the answers and documents you provide them. It will take almost 2 to 14 days to issue the policy.

This time duration is usually shorter than the {traditional|customary} process which also requires a physical examination. Traditional insurance takes normally 30 to 90 days.

These things may cause a delay in the approval of your application:

  • Too many prescription medications
  • Legal trouble like a felony charge
  • A bankruptcy
  • A recent trip to certain foreign countries

These are some of the factors that can cause hurdles in the acceptance of your application.

 

What to Expect When Applying

If you’ve considered the pros and cons of a no exam life insurance plan and you’re ready to apply, it’s a relatively simple process. Here are a few things you can expect:

  1. First, you’ll want to get an instant quote. Just fill out a few questions on our No Medical Exam Life Insurance form to receive your quote. At this stage, the only questions you’ll need to answer about your health are whether you currently use or have used tobacco or nicotine products. You’ll select the type and amount of coverage you want, and how often you prefer to pay your premium. You’ll also need to provide your age and gender. You’ll receive the quote immediately and can then decide whether you want to continue with the application process.
  1. You’ll see a list of insurance companies that are interested in providing you coverage, based on your profile. You can print the list or have it emailed to you so that you can start investigating to see which company is right for you. Our website makes it easy to learn quite a bit about insurers, such as:
  • The name of the insurance company and product (for example, Sagicor/Simplified Issue, No Medical Exam)
  • How much you can expect to pay per month
  • What health class you might qualify for
  • The company’s A.M. Best rating (A.M. Best is a global insurance credit ratings and information service that lets you see which companies are the most reliable)
  • Company reviews are written by people just like you

We strongly encourage you to explore your options and compare the coverage plans. The policy you buy is intended to help your family during a time when they’re extremely vulnerable, so it’s not a good idea to just pick the first option on the page. You’re already shortening the overall process by forgoing the medical checkup. You don’t want to hurry through this part of the process. If you have any doubts or questions, one of our trained agents will be happy to assist you so that you can make the right decision.

  1. Once you have a company in mind, you’ll need an agent to help complete the Health Questionnaire. To get started, click on Apply. Coach B. Agent will contact you to ask the Health questions. What sort of questions can you expect? At least a few of the following:
  • History of substance or alcohol use or abuse. This will include any instances of driving while under the influence or other substance-related complications.
  • Family history. You’ll be asked if you have a family member who experienced a heart attack, a stroke, or cancer before the age of 60.
  • Your personal medical history. Even if no one in your immediate family has had any medical emergencies, you’ll be asked if you take medication for high blood pressure or if you’ve experienced any severe medical issues.

When answering the Health Questionnaire, be sure to answer the questions truthfully, to the best of your Applying for Life Insuranceknowledge. Don’t be tempted to hide information such as recent hospitalization or having been declined for life insurance in the past. As we noted earlier, this information usually shows up in a Medical Information Bureau (MIB) check. If you were turned down for another life insurance policy, your no physical exam application will probably be declined as well. There are exceptions, though, so just be truthful with your information. Honesty is always the best policy.

  1. After you’ve carefully reviewed your application, you can submit it online. A licensed Coach B. Insurance agent will verify your medical history and be in touch with you — usually within 10 minutes during business hours. You won’t receive any automated calls, and your details won’t be sold to a third party. We’ll only share your information with the insurance company you’ve chosen.
  1. Once your application has been approved and your policy is in force, you can start enjoying the peace of mind that comes from knowing your loved ones are protected.

Taking the Next Step

If you’re interested in getting approved quickly and easily, consider an inexpensive no medical exam term life insurance policy. We’ve told you some of the advantages of these plans, such as time saved and a hassle-free application process. As long as you’re truthful on the questionnaire, you don’t have any medical concerns lurking around, and you’re willing to pay a little extra per month, a no exam life insurance plan might be perfect for you.

At Coach B. Life Insurance, we represent over 50- outstanding insurance companies. We’re happy to help you find the best no exam life insurance rates, and we will never try to push additional products on you. We’re not a call center. We don’t have quotas to meet. We’re here for you, providing personal customer service you can count on.

 

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About American National

American National Insurance Company was founded in 1905 and has evolved into a well-respected member of the life insurance industry, offering policyholders both longevity and stability.
Headquartered in Galveston, Texas, American National has more than 3,000 employees in offices in Galveston and League City, Texas; Springfield, Missouri; and Glenmont, New York. American National’s network of agents spans all 50 states and Puerto Rico, and provides service to more than 5 million policyholders.

Product Features

ANICO Signature Term Express

  • Available for face amounts up to $250,000
  • Term lengths: 10, 15, 20, and 30 years
  • Non-med life insurance underwriting from $50,000 to $250,000
  • Includes accelerated benefit riders for terminal illness, chronic illness, and critical illness
  • Underwriting Express facilitates 48- to 72-hour turnaround on approvals
  • Rates are guaranteed to remain the same during the term length
  • Standard and Substandard classes only
  • Available for ages 18 to 65 years
  • Electronic application
  • Conversion credits available through 5th policy year
 

Included Benefits

Accelerated Benefit Rider for Terminal Illness

You may have access to part of the death benefit if you develop an illness or chronic condition that is expected to result in death within 12 to 24 months, depending on state limitations.

Accelerated Benefit Rider for Chronic Illness

You may have access to part of the death benefit if you become unable to perform 2 out of 6 activities of daily living (bathing, continence, dressing, eating, toileting, and transferring) or you develop cognitive impairment.

Accelerated Benefit Rider for Critical Illness

You may have access to part of the death benefit if you receive a diagnosis of an illness that is included on a list of 16 critical illnesses.

 

Optional Benefits

Children’s Term Rider

This rider insures each child approved when the policy is issued and any subsequent children born or adopted while the rider is in force. The coverage expires on each child when he or she reaches age 25, at which time the coverage can be converted to a permanent plan of insurance.

Disability Waiver of Premium

Depending on your state of residence, you may have the option of adding a disability waiver of premium rider when you apply for your policy.

 
 

About American National

American National Insurance Company was founded in 1905 and has evolved into a well-respected member of the life insurance industry, offering policyholders both longevity and stability.
Headquartered in Galveston, Texas, American National has more than 3,000 employees in offices in Galveston and League City, Texas; Springfield, Missouri; and Glenmont, New York. American National’s network of agents spans all 50 states and Puerto Rico, and provides service to more than 5 million policyholders.

Product Features

ANICO Signature Term Express

  • Available for face amounts up to $250,000
  • Term lengths: 10, 15, 20, and 30 years
  • Non-med life insurance underwriting from $50,000 to $250,000
  • Includes accelerated benefit riders for terminal illness, chronic illness, and critical illness
  • Underwriting Express facilitates 48- to 72-hour turnaround on approvals
  • Rates are guaranteed to remain the same during the term length
  • Standard and Substandard classes only
  • Available for ages 18 to 65 years
  • Electronic application
  • Conversion credits available through 5th policy year
 

Included Benefits

Accelerated Benefit Rider for Terminal Illness

You may have access to part of the death benefit if you develop an illness or chronic condition that is expected to result in death within 12 to 24 months, depending on state limitations.

Accelerated Benefit Rider for Chronic Illness

You may have access to part of the death benefit if you become unable to perform 2 out of 6 activities of daily living (bathing, continence, dressing, eating, toileting, and transferring) or you develop cognitive impairment.

Accelerated Benefit Rider for Critical Illness

You may have access to part of the death benefit if you receive a diagnosis of an illness that is included on a list of 16 critical illnesses.

 

Optional Benefits

Children’s Term Rider

This rider insures each child approved when the policy is issued and any subsequent children born or adopted while the rider is in force. The coverage expires on each child when he or she reaches age 25, at which time the coverage can be converted to a permanent plan of insurance.

Disability Waiver of Premium

Depending on your state of residence, you may have the option of adding a disability waiver of premium rider when you apply for your policy.

 
 

About Assurity

Assurity has long lived its mission of helping people through difficult times, with a heritage dating back to 1890.
Being a mutual organization is important, as it means Assurity has no shareholders or publicly traded stock, and that Assurity’s policyholders share in the ownership of the company. Ultimately, it means Assurity is in business to serve the interests of its policyholders.
Assurity provides life insurance, disability, and critical illness insurance, and voluntary employee benefits through independent brokers nationwide.

 

Product Features

Term Life With Accelerated Underwriting

  • Issue ages 18-65 years
  • Face amounts $25,000 to $10,000,000 (Face amounts above $500,000 for ages 18-50 and above $350,000 for ages 51-65 will require additional underwriting.)
  • No medical exam life insurance in most cases; medical records may be requested
  • Policy is convertible to a permanent policy prior to 2 years before the end of the term period, or when the insured reaches the age of 65
  • Term periods: 10, 15, 20, and 30 years
  • Application can be completed in 20-30 minutes
  • Applications can be signed digitally
  • Policies typically are approved and issued in a few days
 

Included Benefits

Accelerated Death Benefit

This rider provides an optional accelerated payment of life insurance proceeds to an insured who is terminally ill or expected to live in a nursing home until death. The eligible life insurance proceeds are equal to a percentage of the policy face amount or up to a total of $250,000 from all policies and riders on the insured issued by this company. The rider will be attached only at the time of issue if approved in the applicant’s state. No premium is charged for this benefit.

Conversion Option

Term Life with Accelerated Underwriting is convertible during the conversion period, which begins on the issue date of the policy and ends on the earlier of:

  • 1 year prior to the end of the level term period for the 10-year plan, or
  • 2 years prior to the end of the level term period for the 15-, 20-, and 30-year plans, or
  • The policy anniversary on which the insured has reached age 65

If the entire policy is converted, the policy owner will receive a conversion credit equal to the base premium paid during the first policy year. The conversion credit will be prorated for partial conversions.

 

Optional Benefits

Accident-only Disability Income Benefit Rider

Provides a monthly benefit if the insured becomes totally disabled as the result of a covered accident. “Total disability” is a condition resulting from an accidental injury and independent of all other causes that keep the insured from doing the important, substantial, and material duties of his or her own occupation and requires a physician’s care unless the insured has reached the maximum point of recovery.

Children’s Term Insurance Rider

Provides level-term insurance to age 25 on the insured’s children who are listed on the original application and children born to or adopted by the insured while the policy and this rider are in force.

Critical Illness Benefit Rider

Available in lump-sum benefit amounts from $20,000 to $100,000 and may not exceed the term face amount for the base insured or other insured. Assurity will pay a benefit if an insured person receives a first-ever diagnosis or procedure for one of the specified critical illnesses listed on the rider.

 
 

About Fidelity

Fidelity Life Association was founded in 1896 as Mystic Workers of the World, a fraternal benefit society designed to provide financial protection for the growing middle class of the Midwest and Northern states.

As Middle America grew, so did the organization. By 1915, life insurance in force reached $100 million. In 1929, the organization increased its assets by nearly 100 percent during the worst decade in U.S. financial history. Though it remained a fraternal benefit society, the organization changed its name to Fidelity Life Association in 1930. For the next few decades, Fidelity’s assets and the number of customers it served continued to grow.

Today, Fidelity Life is a well-capitalized life insurance company licensed to do business in all states except Wyoming and New York, with over $26 billion of life insurance in force. Fidelity is organized as a stock life insurance company subsidiary of Lifestory Interactive, with Members Mutual Holding Company as its ultimate parent. This organizational relationship provides Fidelity Life greater operational flexibility and access to capital. The company has a risk-based capital ratio that ranks in the top 10 percent of the U.S. life insurance industry and is rated A- (Excellent) by A.M. Best.

 

Product Features

Rapid Decision Express

  • Issue ages: 18-65 years
  • Face amounts: $25,000 to $250,000
  • No medical exam life insurance; no blood test, no urine test, no requests for medical records
  • MIB, MVD, and pharmacy records are checked
  • Term periods: 10, 15, 20, and 30 years
  • Application can be completed in 10-15 minutes
  • Applications can be signed digitally
  • Only Standard health class available. Standard non-nicotine, Standard nicotine
  • Approvals within 24-48 hours
 

Included Benefits

Accelerated Death Benefit

Advances up to 50% of the death benefit upon proof that the insured has a life expectancy of 12 months or less. Payable 2 years after issue. Varies by state.

 

Optional Benefits

Dependent Child Rider

Offers children of the primary insured (aged 20 to 60 years) who are ages 15 days to 18 years coverage from $5,000 to $25,000. Coverage ceases when the child reaches age 23 or the primary insured reaches age 65, or when the policy terminates, whichever comes first.

Accidental Death Benefit (ADB) Rider

Pays a benefit in the event of accidental death. It’s available at issue for primary insureds ages 20-65, in benefit amounts up to $250,000, and expires at age 80.

 
 

About Lincoln Financial

Lincoln Financial Group provides advice and solutions that empower people to take charge of their financial lives with confidence and optimism. Millions of customers trust the company’s retirement, insurance, and wealth protection expertise to help address their lifestyle, savings, and income goals, as well as to guard against long-term care expenses.

 

Product Features

TermAccel

  • Issue ages: 18-50 years
  • Face amounts: $100,000 to $500,000
  • No medical exam life insurance; no blood test, no urine test, no requests for medical records*
  • MIB, MVR, and pharmacy records are checked
  • Term periods: 15, 20, and 30 years
  • Application can be completed in 10-15 minutes
  • Applications can be signed digitally
  • Preferred Plus Non-Tobacco, Preferred Non-Tobacco, Standard Non-Tobacco, Preferred Tobacco, and Standard Tobacco rate classes available
  • Approvals within 24-48 hours in most cases
  • Convertible prior to the end of the level premium payment period (15, 20, or 30 years) or prior to insured’s attained age 70, whichever comes first
*In some cases, you may be required to submit basic labs and vitals based on your Tele-App interview.
 

Included Benefits

Accelerated Death Benefit

Pays out a portion of the death benefit if you become terminally ill. There’s a charge once this rider is exercised. Accelerated death benefits may be taxable and may affect public assistance eligibility.

 

Optional Benefits

Children’s Term Insurance Rider

Provides level term coverage, up to $15,000 per child, under your policy. Available at an additional cost with one rider charge. No additional cost per child.

Waiver of Premium Rider

Waives premium payments during a period of total disability. Available at an additional cost.

 
 

About North American

As one of the leading providers of life insurance and annuities in the United States, North American has continuously fulfilled commitments to its customers since 1886. Families and businesses alike have counted on North American to be there for them during their most challenging times and to help prepare them for the good times ahead. North American has been doing this for nearly 130 years through outstanding customer service, competitive insurance and retirement solutions, and a foundation of financial strength. This unwavering commitment helps North American’s customers focus on the things that matter most to them.

 

Product Features

North American LifeVue

  • Available for ages 18 through 50
  • Term lengths: 15, 20, and 30 years
  • Coverage amounts: $50,000 to $500,000
  • For rates, age is determined by the nearest birthday
  • Tobacco users can qualify
  • Available in all states except New York and California
  • Application is taken over the phone
  • No medical exam life insurance
  • Instant underwriting decisions; policies are issued the same day
  • Policy delivered via email
  • Underwriting checks background information and financial history via public records
 

Included Benefits

Accelerated Death Benefit

You may elect to receive advancement of the policy’s death benefit if you develop a terminal illness while the policy is in effect. You qualify as being terminally ill if a physician/medical practitioner has certified that your life expectancy is 24 months or less. The amount available for the accelerated death benefit varies by state and can be up to 75% of the death benefit.

Conversion Option

The LifeVue term product is convertible to a whole life policy in years 1-5.

 
 

About Phoenix Life

Founded in 1851, The Phoenix Companies, Inc. offers annuities and life insurance designed to meet income and protection needs of families and individuals planning for or living in retirement. Products are available primarily through independent agents and financial professionals.

Phoenix’s life insurance products offer a spectrum of death benefit protection, living benefits in case of critical, chronic, or terminal illness, and unique options for leaving a legacy to young beneficiaries, such as college tuition assistance and annual birthday gifts. Cash value accumulation features provide flexibility to meet a variety of needs. The company’s long history of product innovation drives ongoing development of competitive offerings for today’s marketplace.

 

Product Features

SI – Safe Harbor Term

  • Available for ages 18 through 80 for 10-year term
  • Term lengths: 10, 15, 20, and 30 years
  • Coverage amounts: $50,000 to $500,000
  • Life insurance with no medical exam
  • Included living benefits for critical illness, chronic illness, and terminal illness
  • The Safe Harbor Term product typically takes 7-14 days to issue. The Safe Harbor Term Express product is issued the same day (Standard to table 4 rating health class)
  • The 20-year term product is convertible to a permanent policy within the first 10 years
  • Application is taken over the phone (takes about 25 minutes) and signed digitally
  • MVD, MIB, and pharmacy records are checked during underwriting, and medical records may be requested. No medical records requested for the Express product
 

Included Benefits

Chronic Illness Benefit

Gives you the option to receive a portion of the death benefit early if you are certified by a physician as being unable to perform at least 2 activities of daily living (bathing, continence, dressing, eating, toileting, and transferring), or if you require substantial supervision because of severe cognitive impairment.

Critical Illness Benefit

Gives you the option to receive a portion of the death benefit early if you receive a diagnosis of heart attack, stroke, cancer, renal failure, or ALS, or you need a major organ transplant.

Terminal Illness Benefit

Gives you the option to receive 95% of the death benefit early if you become terminally ill with a life expectancy of 1 year or less.

Optional Benefits

Unemployment Rider

Waives 6 months’ worth of premiums if you become unemployed for at least 4 weeks.

  • Automatically included, at no additional cost, for issue ages 18-60
  • You must exercise this rider within 90 days of qualification
  • You must be receiving state or federal unemployment benefits to qualify
  • Waiting period of 24 months from date of issue applies
  • One-time election
  • Terminates at age 65 and at end of term period

Accidental Death Benefit Rider

Pays an additional lump sum death benefit if you die as the result of a covered accident.

  • Additional premium required
  • Must be elected at issue
  • You must be under age 65 at issue
  • Terminates when you reach age 70
  • Maximum benefit of $250,000

 

 
 

About Sagicor

Sagicor Life Insurance Company is a full-service life insurance company that helps clients make wise financial decisions today to ensure that they’re protected tomorrow. Licensed in 45 states and the District of Columbia, Sagicor is rated A- (Excellent) by A.M. Best (4th-best out of 16 possible ratings). This rating is based on Sagicor’s financial strength and ability to meet its ongoing obligations. Sagicor is a wholly owned subsidiary of Sagicor Financial Corporation, one of the oldest insurance groups in the Americas, with operations in 22 countries, mainly in the United States, Latin America, and the Caribbean. Sagicor is committed to offering customers world-class service with integrity and value.

 

Product Features

Sagicor Simplified Issue Term Life Insurance

  • Issue age: 18-65 years
  • Face amounts: $50,000 to $500,000
  • Preferred non-tobacco, Standard non-tobacco, Preferred tobacco, Standard tobacco and Substandard health classes
  • No medical exams, body fluids or attending physician statements
  • Application can be completed in 20-25 minutes
  • Policies issued within 1-7 business days

Included Benefits

Accelerated Benefit Insurance Rider

Included at no additional cost, the accelerated benefit insurance rider will help cover medical costs or nursing home care by allowing you to use a portion of the death benefit if you become terminally ill or confined to a nursing home facility. The benefit received is the lesser of 50% of the policy face amount or $300,000.

Nursing Home Confinement

An accelerated benefit will be paid (in monthly payments) if you are continuously confined to a nursing home facility for 180 days and are expected to remain confined until you die.

Conversion Option

Conversion to a permanent life policy is available prior to the policy anniversary following your 70th birthday.

Spousal Discount

If both you and your spouse purchase policies, one of the policies will receive a $35 discount.

Optional Benefits

Children’s Term Rider

Provides term life insurance protection for your children, ages 15 days to 19 years, and remains in force for each child until the earlier of age 25 or marriage. If eligible, at the end of the term period the benefit may be converted to a qualified permanent life insurance policy for up to 5 times the original amount, regardless of the child’s current health. (Available on fully underwritten applications only.)

Accidental Death Benefit Rider

If you die as the result of an accident, as defined in this rider, your beneficiaries will receive an additional death benefit.

Waiver of Premium Rider

Waives the premium payments if you become totally disabled for at least 6 months. If the total disability ceases, you simply resume making premium payments to keep the policy in force.

 
 
 

About Transamerica

In 1928, Giannini merged with Bank of America, and in 1930 acquired Occidental Life Insurance Company through Transamerica Corporation. The banking and life insurance businesses separated in 1956, with the latter taking the Transamerica name. In 1972, the now iconic Transamerica pyramidclaimed its place in the San Francisco skyline.

Transamerica is one of the world’s leading financial services companies, providing insurance, investments, and more to 27 million customers.

 

Product Features

Trendsetter LB

  • Issue ages: 18-60 years
  • Face amounts: $25,000 to $249,999
  • No medical exam life insurance; medical records may be requested
  • Term periods: 10, 15, 20, 25, and 30 years
  • Automatically included riders: chronic illness, critical illness, and terminal illness
  • Application can be completed by phone in 30-40 minutes
  • Policies can take up to 30 business days to be approved
 

Included Benefits

Chronic Illness

For the purpose of this rider, a chronic illness is defined as being unable to perform 2 of 6 activities of daily living (bathing, continence, dressing, eating, toileting, and transferring) without assistance, or being severely cognitively impaired for a period of at least 90 days.

Critical Illness

For this rider, you may be considered critically ill if you’ve received a diagnosis of a health condition such as a heart attack, a stroke, cancer, end-stage renal failure, ALS, blindness or paralysis resulting from specific underlying conditions, or you require a major organ transplant.

If you live in California, critically ill means you’ve received a diagnosis after the rider date for a medical condition that would, in the absence of treatment, result in your death within 12 months.

Terminal Illness

For this rider, you are considered to be terminally ill if you have a life expectancy of 12 months or less.

 

Optional Benefits

Children’s Insurance Rider

Provides insurance on all children of the insured. Each unit is equal to $1,000 of level term insurance. Coverage on each child expires on the child’s 25th birthday. The rider terminates at the anniversary when the insured is age 65.

Monthly Disability Income Rider

Provides a monthly income for up to 24 months, if the insured is totally disabled and qualifies. Total disability means the inability of the insured to perform the substantial and material duties of his or her regular occupation for which he or she is reasonably suited by education, training, or experience.

Income Protection Option

Provides a settlement option that is fixed via a Fixed Settlement Endorsement.

Waiver of Premium Benefit Rider

In the event of total disability, before the policy anniversary nearest the insured’s age 60, and after the total disability has continued uninterrupted for a waiting period of no less than 6 months, premiums will be waived retroactively from the beginning of the disability. Premiums will continue to be waived for the duration of the total disability. Among other reasons, premiums will not be waived if the disability results directly or indirectly from intentionally self-inflicted injury(ies), from participation in insurrection, or from war or any act of war.

Accident Indemnity Rider

Pays an additional death benefit if the insured dies as a result of an accidental bodily injury. Double the additional amount is payable if the accidental bodily injury occurs while the insured is a fare-paying passenger on a common carrier. Death must occur within 90 days from the accident and before the insured is age 70. The insured cannot be engaged in a hazardous occupation, as determined by the company.

 
 
 

About United of Omaha

For more than a century, Mutual of Omaha Insurance Company (Mutual of Omaha) has been there to keep its promises to customers. The company is strong, stable, secure, and ready to meet your insurance and financial needs. Through good times and bad, you can have confidence in Mutual of Omaha.

A subsidiary of mutual insurance giant Mutual of Omaha, United of Omaha Life Insurance offers a range of protection and retirement products to employer groups and individuals, including life insurance, fixed annuities, and related financial products and services in all states but New York (where sister firm Companion Life Insurance Company of New York operates).

Product Features

Term Life Express

  • Issue ages: 18-65 years
  • Face amounts: $25,000 to $300,000, ages 18-50; $25,000 to $250,000, ages 51-65
  • No medical exam life insurance; medical records may be requested
  • Standard non-tobacco and Standard tobacco health classes
  • Term periods: 10, 15, 20, and 30 years
  • Automatically included riders: terminal illness, chronic illness, and critical illness, residential damage, waiver of premium for unemployment, common carrier death benefit provision
  • Application can be completed by phone in 20-25 minutes
  • A policy with a 5-year premium guarantee is available, but we do not sell it — we only sell the policies that are guaranteed level for the full term
  • Policies typically take 1-10 days to issue
 

Included Benefits

Chronic Illness Rider

Provides an accelerated death benefit if the insured is certified by a physician within the last 12 months as unable to perform 2 of 6 activities of daily living for 90 consecutive days, or requires substantial supervision to protect himself or herself from threats to health and safety as the result of severe cognitive impairment.

Terminal Illness Rider

Provides an accelerated death benefit if the insured provides evidence that his or her life expectancy is 12 months or less.

Critical Illness Rider

Provides an accelerated death benefit if the insured has been certified by a physician as having one or more of the following conditions within the last 12 months: ALS, kidney failure, life-threatening cancer, major organ failure, heart attack, or stroke.

Residential Damage Rider

If the insured’s primary residence sustains damage valued at $25,000 or more, the premium of the base policy and all riders are waived for a 6-month period.

Waiver of Premium for Unemployment Rider

In the event of qualifying unemployment, United of Omaha waives the premium for the base plan and all riders for a 6-month period.

Common Carrier Death Benefit Provision

If the insured dies in an accident while he or she is a fare-paying passenger on a common carrier (e.g., airplane, train, or bus), this rider provides an additional death benefit equal to 100 percent of the original face amount or $250,000, whichever is less.

 

Optional Benefits

Disability Income Rider

With this rider, the insured can apply (at issue) for a maximum monthly disability income benefit equal to the lesser of:

  • 1.5 percent of the face amount at issue, or
  • $3,000 per month, or
  • 60 percent of his or her monthly gross income

The insured can apply for either an 18- or 30-month benefit. The monthly income amount and the benefit period cannot be changed after issue. The elimination period is 90 days.*
* In Maryland, there’s a 120-day elimination period.
Availability may vary by product.

Disability Waiver of Premium Rider

If the insured becomes disabled and is unable to work, the premium for the base policy and all riders is waived through the level period. The elimination period is 90 days.** This benefit continues as long as the insured is disabled. If the insured does not become disabled prior to the earlier of the end of the level period or age 60, the benefit is no longer available.
**In Maryland, there’s a 120-day elimination period.

Accidental Death Benefit (ADB) Rider

This rider can only be added at issue, and the issue age of the base insured must be 18 to 55. The rider terminates and the premiums stop at the earlier of: the end of the level period, or the anniversary date of the policy following the insured reaching age 65. The benefit amounts available are based on the issue age of the base insured and are as follows:

  • Minimum ADB amount: $10,000
  • Maximum ADB amount: issue ages 18-25: $100,000; issue ages 26-55: $250,000 (or the face amount, if less)

Dependent Children’s Rider

Can be added at issue only and is available for the base insured only. Face amounts are $5,000 and $10,000. The rider terminates and the premiums stop at the earlier of: the anniversary date after the insured reaches age 65, when the youngest child reaches age 23, or when the base policy terminates.

Accident Indemnity Rider

Pays an additional death benefit if the insured dies as the result of an accidental bodily injury. Double the additional amount is payable if the accidental bodily injury occurs while the insured is a fare-paying passenger on a common carrier. Death must occur within 90 days from the accident and before the insured is age 70. The insured cannot be engaged in a hazardous occupation, as determined by the company.