Best No Exam Life Insurance for Seniors

Many life insurance companies require medical exams before they offer coverage, but this isn't good news for those who suffer from health issues or who simply don't want to deal with the aggravation of undergoing an exam. If you are shopping for the best no exam life insurance for seniors, you could be wondering how you can bypass one of these exams while still securing coverage with a decent death benefit. Fortunately, there are some policies out there that you can snag without having to see a physician, but you have to know how to shop for them if you want to find the best life policy for the best rate.

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Understanding No Exam Life Insurance for Seniors

There are many reasons why you might be looking for no exam life insurance for seniors. If you or your elderly loved one suffers from one or more medical issues, you might be afraid that the no exam life insurance company won't provide you with coverage at all or that your rates will be significantly elevated. By seeking no exam life insurance for seniors, however, you can try to avoid these issues. You may face higher premiums than for a term life policy, but no medical exam insurance can still be a great option for those who have health conditions or who might need long-term care and who may want to avoid a strict underwriting process.Unfortunately, the vast majority of whole life and term life insurance companies require medical exams for seniors who are 65 years old or older. This means that you may need to look into burial insurance instead so that you can purchase no medical exam life insurance with a decent cash value.There are many companies out there that are highly rated on the A.M. Best ratings and that offer this type of insurance, including Mutual of Omaha, American National, and TransAmerica. In addition to offering a no medical exam life insurance policy, these companies also offer other policy options, including 10-year term, 20-year term, and 30-year term life insurance policy options and more. Your medical history, the coverage amounts that you are looking for and more will help you choose a term policy, whole life policy or guaranteed issue life insurance option.

No Exam Life Insurance for Seniors Facts:

• Although you can often purchase policies with high face values when seeking whole life or term life insurance, this isn't the case with burial insurance. Unfortunately, the face value generally ranges between $5,000 and $35,000 if you want to avoid a medical exam policy or if you're concerned about your medical records and pre-existing conditions getting in the way of you purchasing whole life insurance or universal life insurance. Luckily, this type of policy is typically enough to cover the funeral expense and some basic other final expenses.
• The good news about a burial insurance policy is that the lump sum is paid out to the beneficiary in full. This means that he or she can determine how to spend the money. For example, your beneficiary might choose to spend $5,000 on a funeral and can then use the payout to pay for any leftover medical bills or other final costs.
• If you want to look into no exam life insurance for seniors, it's a good idea to use our search feature to find out what is out there in regards to traditional life insurance. If you or your loved one is younger than 65, you might be able to get a small whole life insurance policy, term insurance or another type of coverage without a medical exam, even if you have a chronic illness or certain medical conditions.
• You do need to know that many burial insurance policies do require a two-year waiting period. This means that if you or the insured passes away within this 24-month period, there will be no coverage. Luckily, no exam life insurance companies will refund the premiums paid if this turns out to be the case. Also, you can look for a policy that will waive this waiting period if you need coverage now; in certain cases, companies do offer this option. Different companies offer different options during the application process, so ask before your plan is underwritten so that you can find out about your options.

How to Find Best No Exam Life Insurance Quotes for Seniors

Regardless of if you are simply trying to bypass a medical exam or would like to seek coverage without any health questions at all, we can help. We work with lots of A-rated life insurance companies that sell no exam life insurance for seniors, term life insurance for seniors, and whole life insurance to customers from several different states. By simply entering your ZIP code into the form that is displayed at the top of the page, you can start looking at burial insurance and other options right away. By comparing your options, you are sure to find the best coverage for you or your parents, whether you're in good health or if you aren't in the best health. In addition to helping you find the best no-exam life insurance plan for seniors so that you can become a policyholder, we will also help you find the best rate for senior life insurance. It's our goal to reduce the hassle and help you gain peace of mind, and we even have licensed insurance agents on standby who will help you with purchasing affordable life insurance coverage. Don't wait; instead, start looking into life insurance quotes on our website today!