Can I Get Whole Life Insurance Without A Medical Exam?

Shawn Plummer

CEO, The Annuity Expert

You may have seen ads for whole life insurance policies that don’t require a medical exam. You’re probably wondering if these policies are legitimate and, if so, whether or not they are a good option for you. This whole life insurance without medical questions or exam guide will answer those questions and give tips on deciding if this type of policy is right for you.

Can I Get Whole Life Insurance Without A Medical Exam?

The short answer is yes. You can get whole life insurance without a medical exam. These policies are sometimes called “no-medical” or “guaranteed issues.” They are typically more expensive than traditional policies because the insurance company is taking on more risk by insuring you without knowing anything about your health.

Ethos Life Insurance

How Much Whole Life Insurance Coverage Can I Get Without A Medical Exam?

The coverage you can get will vary from company to company, but it is typically limited to a smaller death benefit. This is because the insurance company wants to limit its exposure in case you turn out to be uninsurable.

For example, Ethos life insurance offers whole life insurance policies with no medical exam up to $100,000 in coverage. However, the maximum death benefit is only $25,000 if you are between the ages of 76 and 85.

Whole Life Insurance No Medical Exam

Is It A Good Idea To Get A No-Medical Policy?

That depends. If you are healthy and can qualify for a traditional policy, it is almost always a better idea to go that route. The premiums will be lower, and the coverage will be better.

However, a no-medical policy may be the best option if you have health issues that make it difficult or impossible to qualify for a traditional policy. It is also a good choice if you need life insurance but doesn’t want to go through the hassle of getting a medical exam.

Whole Life Insurance Without Medical Exam

How Do I Choose The Right No-Medical Policy?

There are a few things to remember when shopping for a no-medical life insurance policy. First, make sure you understand the coverage. These policies typically have lower death benefits than traditional policies, so be sure to choose a policy with a death benefit that meets your needs.

Second, pay attention to the premium. No-medical policies are more expensive than traditional policies, but there is a wide range in prices. Make sure you compare apples to apples when shopping around, and get a policy that fits your budget.

Finally, read the fine print. No-medical policies often have more restrictions than traditional policies, so it is essential to understand what those restrictions are before you purchase a policy. For example, some policies will not pay out for suicides during the first year of the policy, while others have no such restriction.

No-medical life insurance policies are a good option for people who cannot qualify for traditional coverage. Just be sure to do your homework and choose a policy that meets your needs.

Next Steps

So, what’s the verdict? Is whole life insurance without a medical exam a good idea for you? Unfortunately, the answer is not always black and white. There are pros and cons to both policies, so it’s essential to do your research and consult with an insurance agent before making a final decision. Only you can decide which policy is best for you. Contact us today for a free quote on whole life insurance, and we can help you make the right decision for your needs.

No Exam Whole Life Insurance Quotes

Contact us for an online whole life insurance quote that doesn’t require a medical exam or physical. The service is free of charge.

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Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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