Get the coverage you seek at a price you can afford, without having to take a medical exam.
No medical exam plans are more popular than ever, so more companies are offering them — at competitive prices.
Best life insurance no medical exam companies
► Mutual of Omaha
What is no medical exam life insurance?
No medical exam policies are exactly what their name implies: You don’t have to take a medical exam like you do with traditional life insurance policies. Yet, they provide the same guaranteed coverage.
While a no exam life insurance plan offers you clear advantages, it means higher risk for the insurer. When insurance companies issue a policy without conducting a medical examination, they’re rolling the dice.
What insurance companies use to qualify you without an exam:
► Pharmacy report, which lists all medications you’ve been prescribed over the last 5–10 years
► Motor Vehicle Department report
► Medical Insurance Bureau report (to see if you’ve applied for or been denied life insurance in the past)
► Credit/financial history (only a few insurance companies check this.
Advantages of a No Medical Exam Life Insurance
► Faster decision from insurance companies to accept or deny your application.
► Insured amounts from $25,000 to $500,000
► Better value than Final Expense Life Insurance policies.
► Non-Smoker and Smoker rates available.
► Do to your health it may be your only option for a life insurance policy (along with Final Expense).
Disadvantages of a No Medical Exam Life Insurance
► Insurance companies only offer you offer high rates or premiums, since they are assuming a higher risk without the medical exam.
► You may pay a higher rate for not doing a medical exam if you are in good health. Good health could be determined from the medical exam which usually includes blood and urine sample.
► Small amounts available where you could get life insurance for more than $1 million with a medical exam.