Buy no medical exam life insurance with policy coverage amounts to $1,000,000. We will provide free quotes from several top rated companies for both term life and whole life polices options for your comparison. There are 3 life insurance products available in Virginia, Term Life, Universal Life and Whole Life that don’t require a medical exam.
Guaranteed issue life insurance policy is usually best for an elderly client who would not be able to qualify for a standard policy. These are the most expensive plans and are designed for senior citizens who are in poor health. No matter what a persons health history is they are guaranteed acceptance. Face amounts available from $5,000 to $25,000 for ages 45 to 85. Most companies offer or include the following features: Chronic Illness Accelerated Benefit-if a person becomes chronically ill and can’t preform 2 of the 6 activities of daily living you will access up to 50% of the death benefit. Terminally Illness Benefit: Allows access to 50% of the death benefit when a person has been diagnose as terminally ill. This benefit varies from 6 to 24 months of life expectancy depending on the issuing insurance company.
The application for a simplified issue policy only has a few simple health questions. If you answer the health questions with a no and fit within a height and weight chart a policy will be issued upon payment of your initial premium. The application has approximately 6 questions for major health conditions that a person has had treatment for in the last 24 months. If you have not had treatment for a major health condition like a heart attack within the last 24 months you would qualify for this policy. There are no medical exams, blood or urine tests required. Policy are issued for ages 40-85 and face amounts between $5,000 to $100,000. Simplified whole life policies offer fixed level premiums that are guaranteed not to increase even as you grow older. With the whole life option you’re guaranteed coverage for a lifetime. As long as you pay your premiums and the policy loans do not exceed the total cash value your coverage can not be terminated.
Standard issue plans are a good option for a person who simply doesn’t like going through the process of taking a medical exam with blood and urine test. Standard issue plans offer face amounts up to $1,000,000. Policies are available for people between the ages of 18-65. A person will need to have a good health history and answer several medical questions to qualify. The policy will be fully medically underwritten by the insurance company. If approved policies are issued and your coverage is in force as little as 24 to 48 hours. We can complete your application by phone and have you sign it electronically. You will save a lot of time and the cost is not that much more than a regular term policy.
Please contact us if you would like to review policy rates and which option would best fit your needs.