Life Insurance Policy Without Medical Exam

Many lenders will even accept life insurance policies as loan collateral, and a policy that does not require a medical exam presents a more streamlined way of securing a loan. Shopping for life insurance with no medical exam. Shopping for life insurance that doesn’t require a medical exam is no different than browsing for any other type of policy.. A no exam life insurance policy should never be viewed as a way to get coverage by failing to disclose a known health problem. A life insurance policy may be voided if an insured provides false or incomplete health information on the application. Many life insurance carriers require a medical exam when you apply. Some don't.. What is no medical exam life insurance? No medical exam policies are exactly what their name implies: You don’t have to take a medical exam as you do with traditional life insurance policies. Yet, they provide the same guaranteed coverage. While a no exam life insurance plan offers you clear advantages, it means higher risk for the insurer.. No exam insurance is a life insurance policy that does not require the insured person to take a medical exam before approval to buy the policy. At first glance, this type of insurance may appeal to you. Many people have a real fear of doctors and anything doctor-ish..

Banner Life Insurance is a part of the Legal and General America Company Insurance. Founded in 1836, they have offices in North America, Europe and Asia. Banner offers term life insurance policies for ten to thirty year terms. They offer no medical exam policies for up to $500,000 – one of the highest available.. The PlanRight Whole Life Insurance policy is a permanent no medical exam policy that has guaranteed level premiums with one of the lowest rates on the market today. In fact, we believe that the PlanRight Whole life insurance option makes Foresters one of the best final expense insurance companies available..

American National is definitely high on the list of no exam life insurance companies. In addition to the no exam term product, they have a whole life policy for up to $150,000 that does not require a physical examination either.. Instant Answer Term Insurance Basics. Coverage. $50,000 of term life insurance that can be issued from age 16 to 45, with coverage to age 50 or 10 years after the policy is issued (whichever is later)..