Term Life Insurance Not Requiring A Physical
If you do not want to take an exam to get a life insurance policy because you
don’t have time or because you are adverse to needles, then there’s good news for you. There are many companies
that now offer term life insurance that does not
require a physical.
If you are in general good health then you can purchase one of these policies from
the comfort of your home just by answering a few health questions.
Pros of Non Med Term Life
• No medical exam; just
answer a few health questions
• Issued quickly- sometimes instantly, if you qualify
• No agent will call you or visit you
Cons of Non Med Term Life
• Higher premiums than if you were to get a physical
• Coverage is available only up to $500,000
• No major health issues accepted
The premiums are higher because the life insurance company is taking on a higher risk
by not checking your health completely. If you are in good health and you are getting life insurance for the first
time, then it is advantageous to you to go through with the physical exam, because you’ll pay less for more
insurance.
As far as health issues, a little bit of high blood pressure and cholesterol are
typically fine (if you are taking less than one medication each to control the condition), but more serious
pre-existing conditions are not accepted. If you have health issues like diabetes, heart disease, sleep apnea, cancer, or others,
then you should go with a traditional life insurance policy. Just be sure to work with an experienced agent who can
help you find the right company for
you.
Application
Process
If you don’t want to go through with a physical, you want a life insurance policy
that is issued quickly, and you need less than $500,000, then this type of policy might be right for you. The
process to get non medical exam life insurance is pretty simple.
1. Fill out the application and answer some Yes or No health
questions
2. Compare the rates for the insurance amounts and term length that you
want
3. Pay for your policy
4. Print your policy out- if you qualify
In some cases, your approval might be instant and, in other cases, it could take a
few days. It’s still faster than a traditional life insurance policy, which can take 4 to 6 weeks to
process.
Get a free no obligation
quote today and compare multiple quotes from the nation's highest rated
carriers.
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