life insurance that doesn't require a physical

Some insurance companies offer a product known as no medical exam insurance in which rates are based on level of health (typically five years old, like 50-54). In these insurances, the duration of the term is one year. The premiums rise each time you are in a new age group and will become expensive for fifteen or 20 years.

An alternative is to speak with an independent insurance broker (like the Annuity Expert). They work with various businesses and can help you choose the best insurance policy for your needs.

Life insurance without a medical exam policy generally does not require a waiting time. However, the company will look into the cause of your death if it happens in the initial two years you are covered. Suppose they discover evidence that you committed suicide or provided false personal or medical information during the application procedure. If they find that, they could reject the claim, and your beneficiaries will not be paid a check.

The internet is the first place to search for life insurance without an exam. Many websites offer quotes from a variety of insurers. This is an excellent method to get quotes and find the best insurance plan to meet your requirements.

No medical exam life insurance is also handy if you need instant life insurance to secure a personal or business loan, a common requirement from institutional lenders. No medical exam policies often provide same-day coverage or may take up to five business days, while traditional policies can take several weeks for approval. We recommend getting no medical exam coverage and applying for a fully underwritten term policy in these cases. This way, you can satisfy the bank or other lender's immediate requirements but minimize your long-term costs.

Another life insurance that does not need a medical examination can be described as "guaranteed issues life insurance." This type of insurance is generally available to individuals between 40 and 85 and doesn't require a medical examination. It usually has an extended waiting period (usually two years) until the benefit is paid.

Life insurance without a medical exam policy is available for whole or term life insurance. The benefits to die for life insurance with full coverage are generally limitless to $50,000 or less10, more times lower than the usual limit for life insurance for the term. If an insurer doesn't provide medical exam coverage, more death benefits usually signify that the medical examination will be based on your responses to health-related questions.

No medical exam life insurance — simplified issue — offers coverage without physicals, blood tests or urine tests. Suppose you need coverage on short notice or have pre-existing conditions that would make it hard to pass a medical exam. In that case, simplified issue-term life insurance can be a convenient and affordable alternative.

If you don't qualify for fully underwritten life insurance but need more than $50,000 in coverage, your best option is a no-medical exam term life policy. Term policies are also among the cheapest forms of no medical exam insurance. No medical exam policies offer term lengths up to 30 years and can typically be purchased until you turn 75, though some insurers restrict term lengths based on age.