Mutual of Omaha offers a pretty great
no medical exam product called Term Life Express for anyone between the ages of 18 and 65.
Everyone make room for this amazing product because no other company offers
a no medical exam product with coverage up to $ 1.5 million.
American Amicable's best
no medical exam product is called Term Made Simple.
Not many companies have recognized Ameritas and their amazing
no medical exam product but they will once everyone finds out that they offer coverage up to $ 1.5 million, yes we said $ 1.5 MILLION OF COVERAGE.
If you are looking for the best company who offers the best
no medical exam product then you have come to the right place!
Their best
no medical exam product is their LifeVue Simplified Issue.
The Foresters PlanRight is
another no medical exam product that is built for final expense planning.
SBLI offers a great non
medical exam product with a maximum face amount of $ 500,000.
No Medical Exam versions of Term insurance used to be about 30 % more that the conventional Term plan designs but now the premium are very close to one another especially when using companies like Lincoln National which offers excellent rates for the No
Medical Exam product line.
Let's take a more in depth look at the all superior product benefits that come with this Universal Life Insurance
no medical exam product.
Fidelity's Rapid Decision Express is their best
no medical exam product which offers approvals free of any hassles due to their amazing technology in their underwriting department.
When it comes to
no medical exam products it's only close competitor is Phoenix Life.
However, we have made this list based on
their no medical exam products, their prices, and their company strengths.
Well luckily, there are companies who offer amazing
no medical exam products which we will be getting into below.
Not exact matches
That's the recommendation of Diane Vincent, a senior editor at
Exam Master Corp., a publisher of
medical - study tools in Middletown, Del. «Although our
products were still in the development stage, we attended two fairs this past year: first a small one in Wilmington, and then the larger Mid-Atlantic Venture Fair, in Philadelphia,» she explains.
Another
product you'll want to look out for when shopping for no
medical exam term life insurance is accidental death insurance.
Some insurers offers a
product called no
medical exam term insurance where quotes based upon your age group (typically a 5 - year period, such as ages 50 - 54).
These terms refer to the same
products, but indicate that the insurer is willing to charge higher premiums for a shortened underwriting process (which can take several weeks) or lack of a
medical exam (which actually tends to take less than an hour and can be scheduled at your home or work).
Colonial Penn's term and whole life insurance
products don't require a
medical exam and have a maximum death benefit of $ 50,000, meaning you'll typically pay higher premiums and won't be able to purchase a greater amount of coverage should your financial needs change.
These terms refer to the same
products, but indicate that the insurer is willing to charge higher premiums for a shortened underwriting process (which can take several weeks) or lack of a
medical exam (which actually tends to take less than an hour and can be scheduled at your home or work).
(The $ 100k is only available in the Premier
product to age 60) These are also no
medical exam life policies.
But it could be that the ideal
product for you will require you submit to a life insurance
medical exam.
We will be discussing the different permanent
products offered through the various no
medical exam life insurance policies offered by these carriers.
This has moved No
Medical Exam Life Insurance into the mainstream of life insurance
products.
This contractually guaranteed provision lets you trade in term for a permanent
product without a
medical exam.
Each
product has a different underwriting process but, for those that don't require a
medical exam, you can typically get coverage within 14 days of submitting an application.
Most term policies allow you to convert them to permanent
products at any time, without the need for a
medical exam.
These
products don't require a
medical exam, but they're usually much more expensive than term life insurance and usually have other restrictions.
(If you're young and healthy and looking for a term life insurance policy with no
medical exam, there's a different
product for you called simplified term life.
Some of these practices include: using special techniques during examinations, using the cat pheromone
product Feliway ® in
exam rooms, using specific
medical devices for
exams and surgeries that are special to cats, avoiding «scruffing» the animal during the
exam, teaching clients about stress - free vet visits and using their pet carrier properly and many other useful tips for cat owners.
Simplified issue life insurance
products are simply another name for a life insurance policy that requires no physical or
medical exam.
While there are many
products, it all comes down to 3 categories: Term Life Insurance, No
Medical Exam Life insurance, and Permanent Life Insurance.
Most term policies allow you to convert them to permanent
products at any time, without the need for a
medical exam.
There are thousands and thousands of different insurance companies on the market, and they all sell similar insurance
products, but whole life no
medical exam plans are not nearly as common as the other types of policies.
There is no
medical exam necessary to obtain this
product but they do require access to
medical records.
Company: Sagicor Life Insurance Company
Product: SAGE UL (No
Medical Exam) Plan: To Age 121 Level (No Lapse U / L)
This is why skipping the
medical exam and applying for a simplified issue
product moves so fast; they skip all the steps above up to this point (database checks may still be run, but happen very quickly).
Sagicor's Sage Term
product is the leader in the no
medical exam life insurance market.
However, because life insurance companies are taking an extra risk by not administering your
medical exam there are a few limits that come with these policies compared to the traditional life insurance
products.
Banner Life is also one of the few companies that offer a Preferred Plus rate class along with their full
product portfolio without requiring you to do a
medical exam.
Now there are
products known as «guaranteed issue» life insurance
products that won't ask any
medical questions or require a
medical exam, however, these types of life insurance
products will not cover «natural» causes of death for a certain period of time (typically 2 - 3 years) once the policy goes into force.
These
products are low cost Term life insurance plan designs simply with no
medical exam.
It may be best to target a company that does not require you to undergo a
medical or physical
exam in order to qualify for their insurance
product.
The good news is, these policies also come with a conversion feature which allows you to switch all or part of your policy to a permanent
product without taking a
medical exam.
There is a
product with Principal Life Insurance Company that offers up to $ 1,000,000 with no
medical exam required.
For someone looking for no
medical exam dividend paying whole life insurance, Foresters has a great
product here.
This has moved No
Medical Exam Life Insurance into the mainstream of life insurance
products.
For example, with the SAGE term life insurance
products, those who are between the ages of 18 and 65, and who are purchasing face amounts of coverage of between $ 50,000 and $ 500,000, there is no requirement for a
medical exam.
Another option to obtain coverage without a
medical exam is a «guaranteed approval»
product.
From an agent's perspective, you should be aware that final expense insurance is a simplified issued
product that does not require any official
medical exam.