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Compare Term Insurance No Exam
What is No Exam Term Insurance?
Do you want to purchase term life insurance without having to take any medical exams?
If so, you may want to consider comparing some of the leading plans before you choose your policy.
Term insurance without an exam is temporary life insurance for a period of 1-30 years.
There is no medical exam required to qualify for coverage, usually you just answer a few health questions and your answers determine if you are approved for life insurance.
There are a few carriers offering no exam life insurance policies, such as, Globe Life, Colonial Penn, Liberty life Insurance, Garden State, and RBC Insurance.
When comparing plans for life insurance with no exam, make sure you consider the following:
1. Amount of coverage available.
2. Guaranteed rates for how many years?
3. What is the financial rating of the insurance company?
Also, some life insurers have started to increase their term life rates due to their poor investment returns from last year, and the need to increase capital.
In addition, rates usually increase with age, so it may be wise to purchase a life insurance policy sooner rather than later to secure a lower rate for your policy.
NOTE: There is usually a Free Look period for 10-30 days depending on the company and your state regulations.
Today there are life insurers offering up to $500,000 of term life insurance without any medical exam required.
However, rates for no exam life insurance usually are higher than fully underwritten policies requiring you to take a physical exam.
Here's how you can learn more about how to compare term insurance no exam policies.