No Exam Life Insurance Plans
Lots of people consider applying for a no exam life insurance policy when they experience significant life events. These could include the birth of children,doesmarriage, or the purchase of a home. In fact, mortgage life insurance is a top-rated product, and it is a type of term life insurance with no exam. After all, many people who buy a house for their family want to make certain that their family can afford to stay in the home if something should happen to one of the breadwinners.
We can help you compare the best no exam life insurance companies to make sure you find a good value with affordable prices and the right benefits. All you need to do to compare quotes is put your ZIP code in the online form on this page. If you have any questions, feel free to call us and ask to speak with a licensed agent.
Apply for No Exam Term Life Insurance Online or Over the Phone
In the old days, it used to be difficult to quote and purchase life insurance. These days, you can do both of these things over the Internet or on the phone. The application process usually only takes a few minutes. Also, our quick Internet comparison system lets you find the cheapest premiums in seconds.
You should also know that the availability of Internet and phone price comparisons has made the life insurance business more competitive. This is also good news for consumers because it has driven prices down. If you haven’t checked life insurance rates recently, you may get a pleasant surprise.
How Much Does No Exam Life Insurance Cost?
Yourthanrates will depend upon many individual factors. These include:
- Age and health
- Amount of coverage and length of term
- Location and insurance company
- Smokers can get no exam life insurance policy, but they pay higher premiums then nonsmokers
It is impossible to estimate the premiums for everybody reading this page. However, these are some sample rates for 20-year term life insurance with no medical exam from companies with competitive prices in California:
- Male, 40, nonsmoker, Healthy, $150,000 death benefit: $36.26
- Female, 40, nonsmoker, Healthy, $250,000 death benefit: $42.90
Note: These are only intended to be example prices, and your own no exam life insurance rates will depend upon your ZIP code, health, age, and insurance company.
Can Older People Find Term Life Insurance with No Exam?
Term life insurance companies are more willing to extend policies to older people than they have been in the past. This is partly because US life expectancy has increased in the last decade, so this is good news. While younger people may find 30-year rates for 30 year term life insurance with no exam, choices get more limited as people age. People in their fifties might consider 20-year term, and senior citizens past retirement age may need to consider 10-year term life insurance.
Also, even though some companies offer no exam term life insurance, they still ask health questions on the application. They also verify answers to these questions against third party sources, and they might even ask for a doctor’s statement if answers on the application don’t agree with other sources of information.
Seniors and even younger folks with minor medical issues, like high cholesterol, should still qualify. However, serious medical problems might get an applicant charged more or even declined. In this case, applying for a no exam whole life insurance policy might be a better option. There are even small whole life policies that do not require a medical exam, sometimes called burial insurance, that do not ask any health questions at all, they are also referred to as guaranteed issue life insurance.
Best No Exam Life Insurance Companies
Multiple companies want to compete for your business, and here are some of the top companies that offer no exam term life insurance policies:
- Fidelity Life: Death benefit up to $300,000
- Sagicor: Death benefit up to $399,999
- TransAmerica: Death benefit from $25,000 – $249,999
- Mutual of Omaha: Death benefit from $50,000 – $250,000
- Assurity: Death benefit from $50,000 – $350,000
- American General: Death benefit from $50,000 – $250,000
Note that some companies may reduce the maximum death benefit for people over a certain age. People with diabetes and people with certain other medical conditions might qualify, but they may also have more limited face value choices. After about age 60, you will probably need to submit to a life insurance medical exam to buy term. With that said, some term insurers offer policies to relatively people to people in their 70s.
Do you need a larger no exam life insurance policy than this? We can help you find millions of dollars’ worth of life insurance, but you will probably need to take a medical exam to qualify. If you are very healthy, you may want to take a physical because it can help you qualify for the most preferred rates. Life insurance companies do pay for these exams, they are usually very short, and they can get scheduled at your convenience. Often, the examiner will even visit you at your home in the evening or on weekends.
Are all No Exam Life Insurance Companies the Same?
20-year is worth it to shop around for the best rates. If you plan to take out 20 year term life insurance, even a $5 a month premium difference can add up to $1,200 over the life of your policy. By taking a few seconds to enter your ZIP code and browse the top no exam life insurance companies with our Internet comparison system, you might save that much and more.
At United Life Group, we can help you find the right no exam life insurance for your family. We work with children, adults, and seniors. If you don’t see what you are looking for on our website, we welcome your phone calls. We strive the provide the right combination of personal service and tools to help all of our clients find the best benefits at affordable prices.