No Exam Life Insurance- What to Know

Curious about no-exam life insurance? We’ve had a number of clients ask about it, so we thought we’d share a few key things to know before making a decision:

2️⃣ There are two types: guaranteed issue, which requires no medical info, and simplified issue, which requires a brief questionnaire. We’ll focus on simplified issue today!

✔️ There are some clear benefits of simplified issue, no-exam policies, including the easy application process. It can also be helpful for those with health issues.

❌ There are some drawbacks to consider, including coverage limitations ($25,000-$300,000), higher premiums compared to traditional policies, and term length, which is usually 10 to 30 years

Ultimately, any life insurance is helpful, but for the best protection, it’s a good idea to talk to a professional about your specific needs. 💬 Reach out if we can of help, and share this post to spread the word!