You’re not the only one who gets anxiety when people in lab coats pull out needles!
As you already know most life insurance companies require a medical exam which is done by a nurse coming out to your home. This will result in giving a blood sample, urine sample and also checking your build along with blood pressure.
Now if you are the type who cringes at a thought of seeing a medical practitioner (guilty as charged, hope our doctor doesn’t read this article). Then life insurance with no medical exam might be right for you. The key lies in finding the right company to secure a policy with. These plans are pain-free(literally) and typically have a quicker turnaround time, so let’s discuss some setbacks and benefits before we get into the no medical exam life insurance companies.
Setbacks of a No Exam Plan
No medical exam companies tend to be stricter when it comes to medical conditions, background history, and your age. If you have a serious ailment like type 1 diabetes, autoimmune disorder or even some DUI in the past a no exam plan might not work for you. In addition to that, they limit the amount of coverage you can get between $250,000 and $500,000 depending on the company.
So if you need to secure a plan for $1 million and more you might want to go with a traditional plan. If you want your family to join the “Trumps” in case of your death this might not be the coverage for you. However, we have in the past applied to two or more companies to get a larger face amount for our clients. Last but not least, premiums tend to be more expensive for non-med plans. The reason is that you’re skipping the exam the company automatically puts you in a lower health category than you would be otherwise. Don’t let that discourage you, there are many benefits to no medical exam life insurance, let’s get into those now.
Benefits of No Exam Life Insurance
The first benefit is, of course, no needles, because there is absolutely no medical exam. It also provides the convenience of fast approval times. In some cases, we can get a decision within ten minutes after applying but on average it can take a few days. Most companies offer completely paperless application online with electronic signature (saves lots of trees). Let’s not forget that this type of life insurance is perfect if you have missed your physical this year and not sure how your basic levels will show on the lab result. In addition to the paperless application since 2017, some companies have started delivering policies electronically via email which provides even more convenience.
So as you can see, non-medical exam term life insurance is perfect for those who want coverage fast with no hassles and not to mention, no needles. In our experience, we run into a lot of people who need life insurance for business loans, court order or are extremely busy who tend to go for this option.
Now that we covered some basics, let see which companies will be more suitable for your unique situation. Please check out the table below to get an idea which company will best meet your needs.
*Please be aware that we have a more comprehensive list with most up to date information on our Top Ten Best No Exam Companies Article.
We’re here to help
If non-med term life sounds like the best option for you then give us a call. We can give you a quote and recommend a company that will meet your goals. If it fits your monthly budget we can then help you submit an application. Most of the time we can get an application submitted in 10 minutes. If you would like to do the application on your own time we can email a link to complete an online application.
Now if you are not sure which company is right for you or you have a medical condition which you feel can hold you back from getting approved, call us so we can guide you to apply with the company that will satisfy your needs.
The final point to hit home is that we love no medical exam life insurance because it gives our busy clients a convenient option to protect their loved ones with a few mouse clicks. It is truly a wonderful product since it’s very easy to apply for, it offers a quick turnaround time and it has all the benefits a fully underwritten plan. More and more companies and clients are jumping on board with no exam life insurance coverage.
Feel free to call us 888-492-1967 or Compare No Medical Exam Life Insurance Quotes Online.
