Can You Get “No Medical Exam” Life Insurance?

If you need to obtain life insurance to provide financial protection for your family, but you have a history of health problems, you are probably wondering if it is possible to get the coverage you need. Fortunately, there are many types of “no medical exam” life insurance available that will cover most people, even if they have health problems.

“No medical exam” life insurance still involves an underwriting process; however, you will simply complete a health questionnaire, rather than submitting to a medical exam. The questions are designed to assess risk, and give the insurance company a good idea of your health history. They tend to be more lenient with past and current health problems than other types of life insurance policies – some will only exclude applicants with terminal illnesses.

It is important to understand, though, that “no medical exam” life insurance policies typically only provide limited coverage. A thirty year old may only be able to purchase up to $100,000 in coverage, while a senior may only be able to buy a $25,000 policy. This limits the insurance company’s risk, and helps ensure that the company will be able to pay your claim if you die during the policy period.

These policies are also typically limited in duration – depending on your age, you may only be able to get coverage for ten or fifteen years. Still, these policies can be used to provide financial protection for your family when they need it most.

Finding “no medical exam” life insurance is a relatively easy process. There are many online tools that will allow you to obtain and compare multiple quotes from different insurance companies and programs. Some of these sites will also allow you to apply for coverage online, so you can complete the process without the hassles of meeting with a life insurance agent.

While “no medical exam” life insurance may not provide high levels of coverage, they are excellent for those with health problems. If you have let your own health issues keep you from applying for life insurance coverage, this type of policy may just be what you need to finally obtain the coverage your family deserves.

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