No Medical Exam
Term Life Insurance
No medical exam term life insurance is a term life policy that can be purchased without the need for a medical examination.
Sounds like the best option, right?
But over the years things have evolved…
Let me explain.
As you know…everything today is done on-line. Same is true for getting life insurance. Plug in some health information and instantly get a policy or quote. We have it too.
If the insurance company you choose offers to cover you without an exam-you’re done. The policy is yours.
However, if you find that the companies are requiring an exam…Don’t WORRY! That’s usually the process.
You can still get the coverage you need at a price you can afford. That’s why clients turn to us, we make a complex process..easy.
Who is best suited for a no exam policy?
People who are young and healthy!
Typically less than 35 years old, not on any medications and no prior medical issues.
These policies can be just the same amount as your “typical” term life insurance policy. You may pay the same premiums without all the hassle.
Life insurance companies recognize that typically, those under the age of 35 have little in the way of medical history. They are also aware that the death rates in this age group are relatively low.
For this reason they will sometimes provide a term life policy without requiring a full medical evaluation. In some cases they will allow the purchase of this type of policy up to the age of 65 years.
But not everyone falls into this category- you need a guide.
Who should NOT apply for no medical exam policy?
If you are > 40 years and older and/or have health issues, even if managed, a medical exam and traditional underwriting may serve you better, meaning- better rates.
Typically, after applying for an insurance policy that requires an exam, the company will send out a nurse aid. The exam is often done at your home or office, at your convenience free of charge.
The medical aid will collect some simple health information such as your:
- Height/weight
- Blood pressure
- Heart rate
- Urine test
- Blood work
We may have to request medical records from your doctors.
With this info the insurance company will then quote you a premium/cost for the policy.
It’s best to get quotes from different companies so you get the most coverage for best price- that’s where having an expert agent helping you is wise.
Is this the right policy for me?
If you think you may qualify for a no medical exam policy policy- go for it.
It doesn’t hurt to try and there are no obligation.
Then, if you also want to shop some options with us and see if better coverage is out there-we are happy to assist you. Our goal is to find the best deal and coverage for you.
We want you as a client forever-we’re here to be help walk you through everything.
Term Life Insurance the easy way…
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“Family isn’t an important thing, It’s EVERYTHING”
-Michael J. Fox