Term life online - Term life exclusions
One of the most dreaded parts of buying life insurance is the medical exam.
It takes forever to schedule and process
All kinds of surprises come out which raise life insurance rates or worst yet"¦
Bar us from getting coverage
White coat syndrome works great with the blood pressure cuff
Let's not forget the actual removal of blood!
Okay...so no real fans out there.
Good news is that life insurance is quickly entering a new phase.
Once everyone can get behind!
It was bound to happen.
We'll explain the how's and but more importantly the whys!
Why look at no-medical exam life insurance to save money and time.
We'll cover these topics in depth but we can always go through your situation for any questions.
You can jump to any of these sections below:
You can always quote the no-medical exam rates here:
Let's get started.
We'll begin with a blood draw.
Just kidding!!
But seriously, make a fist.
Let's go back just 5-10 years.
There are dozens (maybe thousands) of websites that will give you instant life insurance quotes.
Our does!
So you go through, pick out the lowest priced plan based on your situation and all done.
If only!
Really, you're about 10% there.
Unfortunately, it's not that easy.
Underwriting is the process by which the carrier estimates your actual health and risk.
Unless you were doing that from a treadmill, sipping green tea, in size boy's medium pants...the actual rates might be quite different.
The worst part about this whole process was the medical exam.
You have to schedule a nurse to come to your house or work to conduct an in-person exam.
No lie-detector machines (yet) but not much fun.
Let's not forget drawing blood just to make the whole process completely unpleasant.
Probably something you didn't even know about.
Not only did this part of the process take forever (average 6-8 weeks total process), but quite often, the rates would come back quite higher.
Three different flavors of bad.
Slow. Painful. Expensive.
Some carrier decided to try something new.
No Medical Exam Life Insurance!
What's the deal there?
For most carriers, it's simple.
Okay, maybe not that far but it was a huge deal.
For life insurance anyway.
Why would the carriers do this especially since the exam was pretty good at catching things?
We are talking about a lot of money?
Internets.
Basically, the life insurance space is very competitive.
You can see all the rates side by side.
The carriers needed to cut cost and run very lean.
The paramedical exam (no relationship to paramilitary exam) is expensive.
Cumbersome.
Outdated!
The first no-medical exam policies were more more expensive and had serious limits.
Those have largely gone away.
Now, expedited life insurance underwriting has become just a layered approach available to certain applicants.
We'll talk about that next.
We still have to walk through some hoops.
But it's much easier and faster.
Here's the deal.
There are now over a dozen carriers that offer some version of no medical exam.
We'll compare them below.
Each has their own little niches and particulars.
They won't say it outright but their rates do.
That's where we come in.
That's longer than most marriages!
It's sad but it makes us really good at figuring out who will give the best rates.
Even for non-medical exam.
There's no cost for our assistance at 800 or email us. You can always run your instant quote here:
So let's look at the factors that figure into qualifying for non-medical.
Key factors for non-medical life qualification:
Everything but the last one...but seriously"¦.Purple??
You can get basic detail on these categories below in the non-medical exam carrier comparison.
Now if your head sank after reading one of these, don't get too depressed.
There are always options!
Call us first to go over your situation.
If there's an angle, we'll find it.
Life insurance is not uniform as it appears.
There are options for almost everyone.
You just have to know where to look.
We will! Our service is 100% free to you.
Yes and no.
Guaranteed acceptance is sometimes cross-used to describe a subset of non-medical exam.
Basically, guaranteed acceptance is life insurance with little if no medical underwriting.
Usually, just a few basic health questions online or by phone and we have an answer.
Voila
No one is declined coverage and we generally have an answer back in minutes.
What's the catch?
Guaranteed issue plans generally have face values from $5 - $50K.
There are other options for higher amounts but they're really expensive.
Also, the benefit is usually tiered.
This means that the life benefit increases with time on the policy.
Each carrier asks different questions so let us know what your potential issue might be.
We can match that with the best carrier and even look at fully insured or non-medical.
There's no reason to chase your wheels on plans you can't or shouldn't get.
Use us! 25+ years experience for a product you may have for decades!
Quote guaranteed acceptance life insurance here:
Here's a short list below.
Make sure to check out the comparison two sections down!
This list is constantly changing (mainly growing) so check with us directly.
You can quote all the no-exam life carriers side by side but we're happy to find the best one for you.
Each carrier has certain profiles that they work better with.
Etc!
Run your quote here to get started:
Yes.
There are two important caveats though.
No life insurance company is going to offer no question, full coverage for obvious reasons.
It would attract very risky applicants and soon be out of business.
The no questions life insurance does provide an option for people who just can't qualify for full life insurance or even no medical exam insurance.
You can request information on this option by email or complete the quote and make a note of it in the notes section here:
No
Medical Life Insurance Quote
This is what most people are looking for online.
That being said, each person's profile is completely different.
It's that specific!
We would need a giant map to show all the peculiarities of each carrier cross referenced by all the potential items they view.
Rather than do that, we take our 25+ years experience and address each person's situation directly.
It takes 5 minutes!
That's the beauty of helping 10's of thousands of people find life coverage.
We know what to ask. What to consider. What to recommend.
There's no cost for our assistance. Zero!
Here's the general comparison for the no medical exam products and carriers:
This comparison changes all the time so call us or email us for up to the date info.
First, is there whole and universal life available without exam?
Yes.
What makes the most sense?
The "no exam" variant applies equally regardless of the type of life.
It's a question of being able to qualify for the fully underwritten plans and still get a good rate.
It's also a question of amount of coverage a person needs.
Most people can find adequate coverage with no exam options.
Back to term versus whole or universal.
First of all, a quick refresher"...
Term life is coverage you get for a specific period of time and and specific amount of coverage.
Let's say $500K for 15 years.
It's generally much better priced (10x's better) but it goes away after 15 years.
Whole life is coverage that you pay into and build up the face value of coverage over time.
It's much more expensive but the benefit never goes away.
It starts small and grows with time.
You actually build up a cash value over time which you can borrow against.
It does work for certain situations but term is the go to generally.
Universal is very similar to Whole life but with a dash of flexibility.
You typically see flexibility in the following with Universal life:
Universal has become much more popular than Whole life for "permanent" life policies (as opposed to term life).
It's the flexibility and cost that attract more people there.
Term definitely dominates the life insurance market though.
You can quote all three types here:
Of course, we're happy to walk through which type of policy might work best for you.
This is one of the trade-offs with no medical life.
There are caps on the face value amount we can get.
Good news is that these amounts generally fit the bill for most Americans.
There's still a wide swath of the US that has NO life insurance.
Caps on face value is the least of the problems for millions of Americans.
So how much can we get?
There are a few carriers that will actually go higher depending on the person's situation.
If you need more, we can look at this aspect.
We can even combine policies to attain a higher amount from different carriers.
Expect a max range of $500k for non-exam term life.
Each carrier has different rules.
Beyond age 80, we'll have to look at other options but they're there!
Run your senior life insurance quote here.
This brings up a popular question we get often...
What about seniors?
Yes.
Up to a certain age.
We have access up to age 80 for no medical term life for seniors.
Beyond 80, we'll have to look at more specialized options on the market.
Age 80 takes us pretty far into the senior range though so that's good news!
Since age is the primary driver of cost with life insurance, we'll also compare to see if there are traditional term or universal life options that might price better based on your health situation.
It's more important than ever to show when you're a senior!
Like with everything in life...it depends!
Each carrier has carved out relative niches that they price better in.
Here are the factors they each consider:
So...how to proceed??
Call us at 800-710-0455 or email us.
With a quick 5 minute question/answer session, we can quickly narrow down the option to the best carrier and plan.
It's what we do!
There's no cost for this assistance and our #1 goal is to find you the BEST priced plan.
It's in our interest too!
If you don't have the best price, you'll cancel.
That's bad for you and bad for us.
We want to find the policy you'll want to keep!
Fast!
Others may take a few days.
Occasionally, if we have a more involved client situation, we'll see 1-2 weeks.
Most happen within days!
It's so refreshing compared to the months we typically wait for standard life insurance with medical exams.
There's quite a bit they can actually consider.
Here are the main contributors to their decision:
Those are the main areas that they typically take into consideration since there's no medical exam.
It's actually pretty interesting because they can make a pretty informed decision from the above areas.
Otherwise, the product wouldn't exist at all!
It's easy!
Here's what we recommend:
That's it!
Remember...the rates you see ANYWHERE are just ballpark numbers.
This can swing rates significantly.
More importantly, it affects which carrier to go with.
There's no way to do that correctly online.
You need guidance.
Call 800-710-0455 or email.
With total hand-holding!
Here are the steps we recommend to make it as painless as possible:
Why by phone??
Whether old-fashion forms or online forms, life insurance apps are never fun.
We know what sections to skip, answer, and speed through.
More importantly...
It happens about 1 out of 5 applications.
Even after we discussed health situations!
Invaluable process.
We will.
That's our job.
It's a free service to you. 100%
We covered a lot.
But it was needed!
You're also looking to cover a lot.
Non-medical exam life policies have become an important tool towards this.
That's all of us!
It's also incredibly fast and easy to turn around.
Did we mention that you don't have to have blood drawn and suffer through a medical exam!
White coat issues gone. CHECK!
The entire industry is moving this direction.
Rather than being a one-off from life insurance...it's becoming the mainstream method of qualifying applicants.
This is good news for everyone!
Call us at 800-710-0455 or email us to see if no-medical exam life works for you!
Again, there is absolutely no cost to you for our services. Call 800-710-0455 Today!
and more!
20+ Years EXPERIENCE
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