These premiums are more expensive than those for traditional policies with a physical exam. Based on your evaluation, coverage may be limited to between $25,000 and $300,000. Your policy may provide coverage for either whole life or term life.
Two types of life insurance policies are available: guaranteed issue and simplified. Understanding the differences and what they have to offer will help you decide which type of no-medical exam life insurance policy is right for you.
Finding affordable life insurance is not easy. But understanding your options can help you find the right policy.
No matter where you may be in life, we can provide term life insurance policies to meet your needs and provide you with the security you desire.
It is crucial to decide what type of policy you need, how many, for how long and how much coverage. This will help ensure that you have the right policy to protect your family and you in the event of an emergency.
We compared life insurance companies for over-50s and focused on key features such as maximum age, no-medical exam policy options, available riders and financial strength.
You can get life insurance quickly and easily without undergoing a medical exam. It is fast and easy to apply, there is no waiting period and the application can be filled out quickly. You may be eligible for coverage that you would not otherwise be able to have if your pre-existing conditions are severe or you work in a dangerous occupation such as firefighter, construction worker, racecar driver, and so forth. A policy that does not require a medical exam can increase your premium, and possibly limit your coverage
no medical exam life insurance over 50You should think about what you want out of your life insurance policy if you are considering purchasing it at your age. Are you looking to leave a legacy of cash to your loved ones? Or do you want to ensure they can pay your final expenses?
Many Americans feel that these low coverage amounts do not provide enough coverage to cover their families. This would mean that many families would be severely underinsured.
If you are unable to undergo a medical exam, life insurance is not available. It is possible to smoke or have a pre-existing condition. If you are afraid of needles, life insurance is possible without a blood test. Life insurance does not require waiting periods or involve any hassle. Traditional life insurance is generally more affordable for younger applicants.
We compared over a dozen life insurance companies to find the best. We focused on features like maximum issue age, no medical-exam policy options and available riders. Financial strength and customer satisfaction ratings.
No medical exam insurance -- simplified issue -- covers you without the need to undergo physicals, blood or urine tests. You may need coverage in a hurry or have pre-existing medical conditions that make it difficult to pass a medical examination. Simplified issue life insurance may be an option that is convenient and cost-effective.
It is still a good idea to make sure your beneficiaries are taken care of in certain areas. Families may feel a variety of strong emotions when their loved one passes away. The high cost of funerals can make it more difficult. Many people arrange for life insurance policies to cover funeral expenses.
Without health information, it's hard for insurance companies to assess your lifestyle and health. A higher premium offsets the higher risk that they take in offering insurance without a thorough health exam. A typical policy for life with a lower premium may be available if you have a manageable medical condition. Before you get life insurance without a medical exam, shop around and compare life insurance quotes.
Can I get life insurance without a medical exam? Yes, some insurers offer no medical exam life insurance, usually called guaranteed issue or simplified issue policies.
Guaranteed issue, also called guaranteed acceptance, is a type of whole life insurance that requires no medical exam or health questionnaire. Most insurers only offer guaranteed issue life insurance to older adults, usually aged 50 to 80, although age limitations can vary by carrier.
Term and permanent life insurance options are available for individuals with a chronic illness. Some products, including simplified issue and guaranteed issue, are available without a medical exam. Policy options, premiums and coverage amounts may depend on how well a chronic illness is managed.