Policy Types

Is No Exam Life Insurance Best for You?

There are reasons why you might consider a no medical exam life insurance policy to be right for you, such as convenience, affordability, or even phobias to needles.

4 Reasons Why No Medical Exam Life Insurance Might Be for You

If you've been comparing life insurance quotes and coverage, you may have discovered that most insurers require an application and a medical exam in order to offer you a policy. This process, referred to as full underwriting, is where the insurance company assess your eligibility for coverage and determines the appropriate premium based on many factors such as your overall health, family health history, occupation, and age.

You may have also come across life insurance companies that are willing to offer you a policy, but with no medical exam requirement. While no medical exam life insurance may sound appealing, they're not always a good fit for everyone.

However, you might consider no medical exam life insurance if:

  1. You prefer convenience. Most insurers who offer no exam life insurance will allow you to apply for coverage from the comfort of your computer. Typically the application includes a very limited number of health questions, so you can complete the process rather quickly. And because you don't have to schedule a medical exam, you can save yourself even more time.
  2. You don't need a lot of life insurance. Every insurer is different, but typically, no medical exam life insurance offers lower death benefits. So when you're comparing quotes, be sure the benefit limit the life company is offing you is going to meet your individual needs.
  3. You can afford to pay a higher premium. If you are financially stable, you may be able to forgo the full underwriting process (lengthier application and medical exam), this type of policy can be 2-4 times the cost of a traditional life insurance policy.1 This is because the insurer has very little information in which to base their decision. Therefore, most no medical exam life insurance policies generally charge a higher premium.
  4. You have phobias. For some people, the fear of needles and a blood test can be big deterrents to getting a life insurance policy. If you simply are unable to undergo a medical exam, then a no medical exam life insurance policy may be a preferable option.

For more information on different types of life insurance, visit the Protective Life Insurance Learning Center.


1. Wealthpilgrim.com

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All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries.

Neither Protective Life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax‐related decisions. For information about Protective Life and its products and services, visit www.protective.com.

No Medical Exam Life Insurance

Some believe that it is impossible to get life insurance with no medical exam. It is possible, but “no medical exam life insurance” isn't for everyone. This article can help you learn more about whether or not no medical exam life insurance is for you. By understanding the advantages of this type of policy, you can make the best decision for you and your family. Protective life explains why a no medical exam life insurance might be good for you. With so many different life insurance types, it can be hard to determine which the best choice is.

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