Can I get life insurance without an exam?
Answers | 4
Yes, you can. However, the cost is usually greater since the carrier knows less about your state of health than with an exam (blood and urine sample, mostly). At Term.com and LifeInsuranceToday.US, we start with those that require exams. Why? Because most consumers want to pay the least amount possible for life insurance, and that leads directly to life insurance with exams as part of the process. Most people are not averse to the blood and urine sampling process as may be thought. Of course, some have reasons for not wanting to get poked with a needle, but when I show them the cost difference almost all of them realize that the no exam approach comes with higher cost. I personally talk with hundreds of applicants every year and about 5 to 10% of them want to skip the exam and simply pay more. I try to “argue” them out of it, but in the end you might say that the customer is always right. Of course, as a professional, I present all of the options, but it is ultimately my client’s choice.
Yes, you can with most carriers if the death benefit you are applying for is below a certain amount, usually below $250,000, and in most cases, it will be Term Insurance as opposed to any Permanent Life products. However, there are a few carriers who offer permanent insurance without an exam at that lower threshold of death benefit. There is always the carriers risk tolerance to consider and what you are trying to achieve.
Yes, but you pay more and be limited but if you are not healthy, it works.
"Guaranteed issue" policies won't require an exam, but the premiums are higher to take that into consideration. If you're not hiding anything, it's worth getting a free check up and lower insurance costs. If you have a normal malady and it's under control, a good agent will know which companies don't mind that situation right now. Again, the costs will be lower. Best wishes,