How Does No Medical Exam Life Insurance Work?

There are various types of no exam life insurance products. Each type has a different application process and costs. By choosing carefully, you can make sure that you don't overpay.
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how no medical exam life insurance works

As the name implies, no medical exam is necessary to get approved for this type of life insurance policy.

No medical exam does not mean there are no health questions!

Like most other companies, insurance companies are in business to make a profit. The medical exam is the most expensive part of the underwriting process, so insurers are eager to find a way to evaluate their risk without the time and expense of conducting a physical examination for every person who applies.

So how does life insurance work when there is no medical exam?

Before we get into the actual application process, it’s important to understand the different types of underwriting processes used for no medical exam life insurance policies.

Depending on the underwriting process, the price of a policy can double, or even triple, in cost.

The goal is to get the best deal on life insurance, right? To that end, you want to apply for the cheapest policy you can qualify for.