Fred,
Be careful, however, making sure you check your policy thoroughly, and don’t forget to disclose even those small details to your insurer, as forgetting to tell them something as simple as whether you smoke or have been having aches, pains and pins and needles could cost you dear when it comes to making a claim.

People who tend to buy no exam life insurance are generally the more risky people to insure because they have pre existing conditions or have aged considerably and are still seeking insurance coverage. When it comes to larger insurance policies, the rates for have to be equally as high.

No exam life insurance is therefore much more popular for people who are older, or who have poor health and whose term insurance rates will suffer as a result. For many consumers however, no exam medical term life insurance still may not be the ideal alternative. This is because it may be just as easy to work to improve your health, to get a real policy with low rates.

Many people who seek no exam life insurance rates are actually in such poor health that if they were honest on their applications, they would not qualify.

Great Question.

Gene

Houston, TX.

Gene,

Just because the life insurance company does not complete a full examination before they issue the policy, it does not mean that they will not dig through your medical history and verify the accuracy of your answers on your application after you die. In most states, life insurance companies have the right to investigate the accuracy of your application if you die within two years of purchasing the policy. When you sign the policy, you give the company the right to investigate all of your personal records (medical, government, employment, etc). Just because they streamline things upfront doesn’t mean they aren’t going to do everything in their power to avoid paying a $100,000 life insurance claim.

Be careful,  making sure you check your policy thoroughly, and don’t forget to disclose even those small details to your insurer, as forgetting to tell them something as simple as whether you smoke or have been having aches, pains and pins and needles could cost you dear when it comes to making a claim.

Very good question. Thank you for asking. Hope this website helps your situation.