Best Companies Offering Life Insurance Without a Medical Exam
More and more people are hunting for quicker, easier solutions without the hassle of medical tests when they are shopping for life insurance. The good news is that life insurance that doesn’t need a medical exam is becoming increasingly accessible, which makes it simpler for clients to acquire coverage fast. By removing the conventional medical testing technique, these plans provide the benefit of allowing applicants to apply online and get judgments immediately. However, which businesses give the greatest alternatives for life insurance that don’t entail a medical examination? This article will analyze some of the leading organizations that offer life insurance without a medical examination and highlight the primary advantages of these plans.
What do you understand by No Medical Exam Life Insurance?
Applicants may skip the standard medical underwriting procedure, which normally entails physical examinations, blood tests, and doctor visits, by getting life insurance without a medical exam. Rather, insurers examine applicants’ health risks using data-driven approaches and technology. Usually, applicants must react to a series of health-related questions. The insurer then uses the replies to evaluate eligibility and set pricing. Depending on the insurer, this strategy expedites the application process and may result in an approval decision in a matter of minutes or days.
An evaluation of the applicant’s health state is nevertheless needed for life insurance without medical exam, in contrast to assured issue plans, where acceptance is practically automatic. Instead of performing the conventional practice of medical exams and testing, the decision is determined using complicated algorithms and underwriting factors.
1. Ethos Life Insurance
As a pioneer in offering life insurance without the requirement for a medical examination, Ethos Life has increased in popularity. They deliver a quick, easy, and pleasant online application approach. For consumers wishing to obtain term life insurance without having to undergo a medical examination, Ethos provides a simple alternative. The coverage goes from $100,000 to $3 million, and applicants may choose from bespoke term durations of 10, 15, 20, 30, or even 40 years.
Ethos is unique owing to its technology-driven underwriting approach, which assesses applicants’ health risks swiftly and expedites approvals. In addition to doing away with the necessity for physical inspections, this technique delivers competitive coverage volumes and costs. Additionally, Ethos’s medical exam-free life insurance products are supported by a number of licensed agents on hand to aid consumers with the application process and react to issues.
2. Haven Life
Through a streamlined method, Haven Life, backed by MassMutual, provides life insurance without a medical examination. In order to apply for the company’s term life insurance, consumers must complete an online form and react to a few health-related questions. Haven Life may grant speedy approval for up to $1 million in coverage based on the applicant’s responses and risk profile.
Many candidates acquire decisions within minutes courtesy to Haven Life’s renownedly quick application procedure. A medical examination can still be needed for those with more complicated health profiles or those who need extra coverage levels. However, for healthy persons who desire term life insurance without having to go through a medical exam, Haven Life gives an easy and practical answer.
3. Bestow Life Insurance
Another business that provides life insurance without a medical assessment is Bestow. They leverage technology to speed up and expedite the underwriting process, and they specialize in providing term life insurance. The complete Bestow application procedure is conducted online, and consumers may purchase life insurance without having to go through a medical examination.
Bestow, which covers coverage levels ranging from $50,000 to $1,500,000, is recognized for its low pricing and speedy approvals. For healthy folks seeking term life insurance without the inconvenience of medical examination, Bestow is a good alternative. The organization is a great choice for everyone who need swift, effective help since its plans are developed to give easy and reasonably priced coverage.
4. Lemonade
An speedy online application procedure for life insurance without a medical exam is supplied by tech-driven insurer Lemonade. Lemonade, which is well-known for its customer-friendly approach, evaluates health risk and calculates premium prices using artificial intelligence. The company’s short application technique is perfect for anyone who would rather not go through the lengthy, conventional life insurance application procedure since it doesn’t include a medical exam.
Lemonade features coverage levels ranging from $50,000 to $1,500,000 for both term and comprehensive life insurance. Many candidates might obtain approved in as little as 10 minutes courtesy to the company’s rapid application process. Lemonade is an interesting choice for customers who care about the environment since it offers a unique feature that allows policyholders to contribute a percentage of their premiums to charity.
5. Policygenius
Policygenius is a marketplace for life insurance that provides a large range of products from multiple providers that do not need a medical examination. You may obtain the greatest coverage for your requirements and budget by comparing plans from different providers that supply no-medical-exam options with Policygenius. As a broker, Policygenius aids you in understanding the often challenging world of life insurance.
The organization offers no-medical-exam products in cooperation with insurers such as Banner Life, John Hancock, and Lincoln Financial. Policygenius is famous for its easy-to-use platform, which allows you to apply online, compare quotations fast, and acquire a decision without having to go through a medical check. For those who desire to analyze the products and services of many insurers, it’s a wonderful solution.
6. Fabric by Gerber Life
For clients seeking term life insurance, Fabric, a subsidiary of Gerber Life, offers fairly priced life insurance without a medical examination. Their online application is uncomplicated and simply asks questions on basic health. Fabric’s requirements are supposed to be uncomplicated, requiring no medical tests and a rapid turnaround time.
Offering coverage levels of up to $5 million, which is extremely large for a no-medical-examination insurance, is one of Fabric’s features. The organization is a superb solution for everyone seeking for life insurance without the bother of standard medical testing owing to its rapid approval approach and inexpensive charges.
7. Trellis Life
Another firm that provides life insurance without a medical exam is Trellis Life. It enables users to promptly and easily apply for term life insurance online. Candidates may acquire coverage with Trellis Life without having to go through any medical testing. The underwriting technique is quick and clear, and the whole application process is done online.
Trellis Life provides insurance with a speedy decision-making process; decisions are often ready in as little as 24 to 48 hours. Their no-medical-exam plans are geared for persons who would like apply online and get life insurance swiftly.
8. AIG Direct
AIG Direct provides term life insurance plans with coverage ranging from $50,000 to $500,000 that do not need a medical examination. Their no-medical-examination policy are aimed for those who desire to skip drawn-out doctor visits and testing, and they emphasize on delivering speedy, efficient online applications. For persons in great health who prefer to get life insurance coverage without the hassle of medical testing, AIG Direct’s products are a wonderful solution.
Conclusion
Many individuals who seek to acquire coverage fast and without the difficulties of physical tests find life insurance without a medical exam to be an attractive answer. The aforementioned businesses—Ethos, Haven Life, Bestow, Lemonade, Policygenius, Fabric, Trellis Life, and AIG Direct—are at the forefront of offering cutting-edge life insurance solutions. For clients searching for hassle-free life insurance, the simplicity and quickness of purchasing coverage without the necessity for medical testing might make the cost for some policies—which may have higher premiums owing to restricted underwriting—well worth the expenditure. These organizations supply a selection of alternatives to meet your wants, whether you’re a parent, a busy worker, or someone in excellent health.
