No Exam Life Insurance can be a helpful life insurance coverage for many people.
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Paying more for the convenience of no medical exam is worth it to you. |
You do not have time to waste going to medical exams and labs.
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Are you one of the millions of people looking for simple, uncomplicated life insurance?
Taking a medical exam for a life insurance policy can take lots of time and may cost you money in missed work and other fees.
But life insurance is critically important for your family, especially if you have small children depending on you. Their future is in your hands, so going without life insurance can be risky.
It is possible to find a life insurance policy to protect your family and financial future without taking any invasive medical exams or blood tests. Applying for life insurance online with no exam can be easy and painless.
But life insurance is critically important for your family, especially if you have small children depending on you. Their future is in your hands, so going without life insurance can be risky.
It is possible to find a life insurance policy to protect your family and financial future without taking any invasive medical exams or blood tests. Applying for life insurance online with no exam can be easy and painless.
No Exam Life Insurance Is Right for Many People
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Almost half of the American population fears that buying life insurance will be a complicated burden. The life insurance application process can be intimidating, and many people worry the most about the medical and lab exams that often go with the application process.
There is good news, though – lots of life insurance companies are starting to sell No Exam Life Insurance policies, so more people than ever can purchase a life insurance policy without the need for an invasive health exam or painful lab tests. No Exam Life Insurance may be right for you if:
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Life Insurance Is Important Coverage for Your Family
It can be hard these days to qualify for life insurance if you have had surgery or have any chronic medical condition, but having life insurance can be a critical part of your financial plan and safety net for your family. Do not let worries about a medical exam keep you from your goal of providing for your loved ones. Life insurance accomplishes many important goals for people:
Life insurance can pay off debt. The average American has over $90,000 in debt. Earmarking your life insurance proceeds to pay off a portion of your debt can aid in estate planning and help your family reach their financial goals by taking the burden of your debt off them. Since debt tends to spiral with interest rate increases, paying off debt is a smart way to use the proceeds from a life insurance policy.
Your family can use life insurance to send your children to college. If your children plan to further their education at university or trade school, life insurance proceeds can help them afford these dreams without the burden of student loan debt. Many students decide to pursue advanced degrees or unpaid internships. Beyond the cost of tuition and school fees, your children may need help financing their living arrangements, clothes, transportation, and meals during their education when they cannot work. Life insurance may allow them this opportunity.
Life insurance pays final expenses and medical bills. Many people have additional medical bills that are not covered by health insurance – these costs can be managed by life insurance. Another common use is funeral and burial costs, which can average $7000 to $9000 in the US but can be much higher depending on your location and other factors.
Your family can stay in their home. Life insurance can pay off the mortgage on your family’s home, letting them remain in their home without worries. Maintaining their current standard of living is a desire for many people, so by leaving a life insurance policy to cover the costs of the familial home, it becomes possible for your family to keep living the same lifestyle.
It can cover the breadwinner gap. If you are the breadwinner in your family, life insurance can be a part of your plan to make up the income gap if you passed away. A helpful guide is to replace income for five to ten years – but make sure to discuss this with your family so they understand your intentions.
Regardless of how your family spends the life insurance proceeds, you can be sure it will be a helpful gift they appreciate for their future.
Life insurance can pay off debt. The average American has over $90,000 in debt. Earmarking your life insurance proceeds to pay off a portion of your debt can aid in estate planning and help your family reach their financial goals by taking the burden of your debt off them. Since debt tends to spiral with interest rate increases, paying off debt is a smart way to use the proceeds from a life insurance policy.
Your family can use life insurance to send your children to college. If your children plan to further their education at university or trade school, life insurance proceeds can help them afford these dreams without the burden of student loan debt. Many students decide to pursue advanced degrees or unpaid internships. Beyond the cost of tuition and school fees, your children may need help financing their living arrangements, clothes, transportation, and meals during their education when they cannot work. Life insurance may allow them this opportunity.
Life insurance pays final expenses and medical bills. Many people have additional medical bills that are not covered by health insurance – these costs can be managed by life insurance. Another common use is funeral and burial costs, which can average $7000 to $9000 in the US but can be much higher depending on your location and other factors.
Your family can stay in their home. Life insurance can pay off the mortgage on your family’s home, letting them remain in their home without worries. Maintaining their current standard of living is a desire for many people, so by leaving a life insurance policy to cover the costs of the familial home, it becomes possible for your family to keep living the same lifestyle.
It can cover the breadwinner gap. If you are the breadwinner in your family, life insurance can be a part of your plan to make up the income gap if you passed away. A helpful guide is to replace income for five to ten years – but make sure to discuss this with your family so they understand your intentions.
Regardless of how your family spends the life insurance proceeds, you can be sure it will be a helpful gift they appreciate for their future.
No Exam Life Insurance Is Available With Various Coverage Amounts
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When deciding how much life insurance to purchase, a good estimate to keep in mind is replacing 5 to 10 times your annual salary. Remember, this is a general guide – your life insurance needs could vary depending on your family size, whether your spouse also works, where you live, the ages of your minor children, and many other personal factors.
However, it is important to remember that most No Exam Life Insurance policies are written with less coverage than their counterparts that do require a medical exam. For example, the upper coverage limit for most No Exam policies is $500,000, whereas if you took the medical exam, you could purchase higher limits if supported by your income. Many life insurance carriers write less than $500,000 in coverage for their No Exam policies, and you could run into difficulties if you wanted higher limits but no medical exam. |
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Guaranteed Issue Life Insurance
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Guaranteed issue life insurance policies are a type of life insurance policy able to be purchased without a medical exam. They are generally small whole life insurance policies that are restricted during the first two or three years after issue and do not pay death benefits during this time. If the policyholder dies during that restricted period, premiums may be returned instead of the death benefit.
Guaranteed issue policies are often designed to cover final expenses, like funeral, cremation, and burial costs. These policies usually have a small death benefit. They can act as a supplement or in addition to a more significant life insurance policy already owned by the policyholder. Keep in mind that guaranteed issue policies are generally quite costly compared with other life insurance policies since they are meant for older individuals who may have pre-existing health conditions. You may be better off saving the money you would spend on premiums to have the same death benefit the carrier would have paid over time. |
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How Do I Purchase No Exam Life Insurance?
Because so many major insurance carriers are selling No Exam Life Insurance policies, you will have lots of options. Shopping around to compare rates is always the best way to find the best rate and policy for you. we can help you compare quotes easily and with no obligation or hassle.
When applying for your personalized, free life insurance quote, have basic information ready to make your application process go smoothly:
When deciding if No Exam Life Insurance is right for you, we can help. Your decision depends on your health, whether you have other life insurance coverage, your income and family’s income, dependents and their ages, your debt, and many other factors.
Medical exams are inconvenient for some, but it can help you get a better rate by being medically underwritten by the insurance company. For other people, a No Exam Life Insurance policy is the better option. Our agents will help you and your family with this important decision.
When applying for your personalized, free life insurance quote, have basic information ready to make your application process go smoothly:
- Your basic demographic details, like your date of birth, social security number, address, and driver’s license number
- Your medical history
- Your family’s medical history
- Details about any prescription medications you take
When deciding if No Exam Life Insurance is right for you, we can help. Your decision depends on your health, whether you have other life insurance coverage, your income and family’s income, dependents and their ages, your debt, and many other factors.
Medical exams are inconvenient for some, but it can help you get a better rate by being medically underwritten by the insurance company. For other people, a No Exam Life Insurance policy is the better option. Our agents will help you and your family with this important decision.