Spectrum Insurance Group

Get The Coverage You Need Without the Hassle of a Medical Exam

No Medical Exam Term Life Insurance is the right choice for you if you simply don't want to go through the hassle of a medical exam when purchasing a policy. Whether those reasons are for not having the time or not wanting an invasive physical exam completed.

Non Medical Life Insurance, also referred to as guaranteed issue life insurance, does not require you to complete a medical exam when purchasing no exam life insurance. It is important to note, however, that there are three different types of life insurance policies that fall into the "no exam" category.

With guaranteed issue life insurance, you do not have to complete a medical exam and you do not need to provide answers to medical questions. Therefore, just as the name implies, you are guaranteed to get coverage when you apply to guaranteed issue life insurance.

This is different from simplified issue life insurance, which does not require a medical exam but does require you to provide medical information as part of your application.


No Exam Term Life Insurance

Graded benefit life insurance is the third type of no exam life insurance available. While graded benefit life insurance does not require a medical exam and does not require medical information, the process of purchasing this type of insurance can be quite complicated.

As such, it is generally best reserved for older individuals who are looking for a life insurance policy and who are suffering from medical issues that make obtaining life insurance difficult.

While guaranteed issue life insurance is a more convenient option than more traditional forms of life insurance, it is important to note that it is generally more expensive to purchase. There are other cheap life insurance options available to you that you should be aware of.

After all, life insurance companies are taking more of a risk when they provide you with coverage without requiring an exam or medical paperwork. Therefore, in order to protect themselves from the added risk, they need to charge a higher premium depending on the term of the policy, whether it be 10 years, 20 years, or 30 years.

Since no exam life insurance is usually more costly than traditional forms of life insurance, it is generally reserved for those who have a significant fear of doctors or who have a medical condition that would make it otherwise impossible to purchase life insurance.

For those with a medical condition, purchasing guaranteed issue life insurance may be the only viable option available. Still, it is a good idea to shop around and to explore the rates being offered by companies that specialize in providing life insurance to high-risk individuals. By comparing all of your options, you will increase your chances of finding the type of policy you are looking for at a rate you can afford.

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