Smokers, senior citizens, and individuals who have diabetes often have a difficult time finding affordable no exam whole life insurance, but there are policies out there that are a good fit for you. You can look for no exam whole life insurance rates for policies that don’t require a medical exam, or you can opt for burial insurance. Both of these options can be much cheaper for smokers, those who have illnesses like diabetes and those who are a bit older, but they still provide ample coverage to take care of funeral costs and final expenses.
What is No Exam Whole Life Insurance?
No exam whole life insurance allows you to enjoy the benefits of a whole life policy, which is a permanent policy that will never expire and that even gains a cash value over time. However, since these policies come with lower face values, individual companies don’t require a medical exam. Although you might be asked to answer a few common questions about your health, you won’t have to go through the hassle of an exam. These policies are also cheaper than many other life insurance policies, and the underwriting is a lot less strict as well.
Here are a few things that you should know about no exam whole life insurance policies that don’t require a medical exam:
- The face values are smaller than those for many other policies. However, most people find them to be sufficient to cover final expenses.
- Many people find that their life insurance rates are higher if they smoke, are ill or are older. The life insurance rates for these types of policies, however, are much lower-priced.
- You can look for price quotes online to find the best insurance agencies and the lowest prices, and you should be able to handle a large part of the “paperwork” online or over the phone.
- Although you don’t have to go through a medical exam, some insurance policies that don’t require a medical exam will ask you a series of health-related questions. These questions are focused more on major health issues, however, rather than more moderate ones.
Who Should Seek No Exam Whole Life Insurance?
If you have diabetes, you know how hard it can be to find good, affordable coverage. Companies that offer small no exam whole life insurance policies but that doesn’t require a medical exam, however, will often still cover individuals who have diabetes or other long-term illnesses.
Those who use tobacco also frequently find it difficult to find reasonably priced rates, but many of these insurance providers are more lenient and less costly for those who smoke.
Tobacco users and those who have diabetes and other illnesses aren’t the only ones who can benefit from these policies. Older senior citizens and those who are looking to cut costs can also benefit from small no exam whole life insurance policies that don’t require medical exams or a burial insurance policy.
Tips for Finding the Best No Exam Whole Life Insurance
To compare no exam whole life insurance rates, check out our handy tool at the top of the page. All you have to do is type in your ZIP code, and you’ll have the opportunity to compare different policies and pricing. We don’t work with your average insurers; we only work with the top-rated insurance providers in the nation, and we’re licensed to sell whole life, term life, and burial policies to people in multiple states. Here at United Life Group, we want to help you find coverage that you can afford and that will offer you all of the benefits that you need.