Not exact matches
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.
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.
The same
type of product as the Signature Term Xpress, but with higher dollar limits without automatic medical
exams
One
of the prime reasons Principal Life Group made our list was not only their host
of term, universal and variable universal life
products, but their no
exam life insurance underwriting which allows consumers to purchase up to $ 1,000,000 in coverage, regardless
of which
type of insurance they choose.
Note: Boston Mutual actually offers two
types of life insurance: traditional coverage, which requires an
exam, as well as a simplified issue
product which does not.
Before we go into the pros and cons
of no medical
exam life insurance, we have first to clear up the fact that there are two different
types of Non-Med
products.
These
types of life insurance
products aren't going to require a medical
exam and aren't going to ask any medical questions at all!
There are many different
types of no
exam life insurance for seniors over 80 policy
products on the market.
Another
of our simplified issue / no
exam carriers, Americo's Ultra Protector
product offers 3 death benefit
types based on answers to application questions — Full death benefit, a 2 year graded benefit, and a 3 year graded benefit.
Additionally, depending on the amount
of coverage that you're looking for, we might also be able to suggest some alternative life insurance
products that won't require one to answer any health questions or submit to a medical
exam if it looks like your application would be denied by such «
types»
of policies.
There are some
types of ALTERNATIVE life insurance
products, mainly guaranteed acceptance or simplified issue life insurance policies which will ask very few, if any, heath related questions or require that an applicant take a medical
exam in order to qualify.
Your situation, don't fret, there are «alternative» life insurance
products out there that won't require one to take a medical
exam or answer any health - related questions which means that there is still a really good chance that you will be able to qualify for these
types of life insurance policies (see guaranteed issue life insurance policies).
No Medical
Exam Life Insurance Over Age 50 Fifty years old and looking for life insurance can be overwhelming with all
of the
types of insurance and different
products.
Credit and mortgage life insurance are usually some
type of guaranteed issue
product, which don't require a medical
exam.