What Are the Requirements to No Exam Life Insurance?
Again, while no exam life insurance does not involve a medical examination, insurance companies still require some information to determine your risk level. So, you’ll have a brief medical questionnaire.
Advantages of No Exam Life Insurance
Premiums never go up
Coverage never goes down
The policy builds cash value
Coverage never expires as long as premiums are paid
How much does it cost?
Because these policies are accepting more risk, simplified and guaranteed issue life insurance does have higher premiums with smaller coverage amounts.
However, they are still affordable and offer much-needed coverage to those who can’t pass a medical exam.
A moderately healthy 50-year-old male can get a $10,000 final expense policy for around $35 per month and a reasonably healthy female can get one for a few dollars per month cheaper.
How to get the best rates
To get the best rates for a burial insurance policy, you have to shop your policy with many different companies. That can take a lot of time and effort. But we do all of that for you!
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