Term life insurance no-exam
You have the opportunity to purchase term life insurance and skip the medical exam.
Most term life insurance policies require a medical exam before an offer is provided. You’ll need to take some time to get it scheduled, complete it and wait for the life insurance company to approve the policy.
This can take approximately 4 weeks (sometimes more and sometimes less).
You can get a policy much quicker with a term life insurance no medical exam option. The most glaring negative with a no medical exam term life policy used to be the price. However, this market has become increasingly competitive and prices are now very comparable to fully underwritten term life that requires a medical exam. So now you can get “No Exam” policies faster without paying a premium on the convenience. You’ll still go through the underwriting process.
This means that the life insurance companies will still look at your health and lifestyle before they offer. If you want to skip the exam and skip any health qualifications – you’ll need to opt for a Guaranteed Issue life insurance policy.