Asked by Crystal  |  Submitted January 21, 2016

I tried to buy no exam life insurance but got denied. I thought that with no exam, that wouldn’t happen. What’s the deal?

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  Answers  |  3

January 21, 2016

Even no-exam life insurance usually asks some basic health questions. Something in those basic questions probably triggered the denial. Look for Guaranteed Issue life instead. Agood place to find it is your local Credit union if you are a member. Or Globe Life, A good agent will also have a company or two.

$commenter.renderDisplayableName() | 10.21.20 @ 09:53


January 22, 2016

The question has an assumption built into it that "no exam" life insurance means that the carriers who offer it will simply skip the exam and also not query available sources as to your prescription history. The Medical Information Bureau is a repository of medical information that is one such source. When Sagicor or United of Omaha (who allow a decently high face amount compared to some guarantee issue carriers on their no exam plans) find certain things that tell them that they should deny coverage, that is when everything stops.

"No exam" does not mean that they will always approve coverage. It simply means that they will cap the amount you can buy at no more than about 400K depending on the carrier, omit the exam, scan for prescriptions or other mortality indicators, and then move to approval where it is feasible to do so. When seeking no exam life insurance, it is a good idea to disclose as much as possible to your advisor so that your expectations may adjust to reality- and so that you avoid disappointment.


$commenter.renderDisplayableName() | 10.21.20 @ 09:53


March 03, 2016

It probably means you answered "yes" to one of the few questions they asked or something in your health history when they researched it, led them to the decline. Underwriters look at your current health (with exams) and or they look at your health history through the MIB or your personal Doctor through an Attending Physician Statement.

$commenter.renderDisplayableName() | 10.21.20 @ 09:53