Things You Should Know About No Exam Life Insurance

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Readers Question:

Can I get life insurance coverage without having to go through a medical exam here in Massachusetts?

Roma

Cambridge, MA

Good question. Yes! These days there are many life insurance providers that allow you to buy No-Exam life insurance coverage. This trend is actually quite recent, created by the need of insurers to stay in business in an increasingly competitive market. To people who would have otherwise been refused life coverage had they needed to go through a medical or physical test (and subsequently fails said tests due to health or other reasons), a No-Exam life insurance policy maybe their only option to get a life insurance provider.

There are a few things you should keep in mind before you buy No-Exam life insurance coverage there in Massachusetts (or anywhere actually):

1. A No-Exam life insurance policy is usually more expensive. Without the medical/physical examination, the insurers are unable to determine your risk of dying within the coverage period accurately. So by default you are placed under the high-risk policyholders’ category. Higher risk equals higher rates.

2. Shopping for affordable No-Exam life insurance plans can be easily done on the Web. With the many available life insurance portals and websites – like this website you’re on right now – which offers free life insurance rate quote checks. Here you can easily compare which insurers cost the least to get coverage from.

3. If you are on a budget, reconsider getting a life insurance plan that requires you to take the medical or physical test, especially if you are relatively young and healthy. Why pay a few hundred dollars more a year if there really isn’t any reason for you to skip those tests?

Remember, a No-Exam life insurance policy is really something that should be left as a last resort, if you have been rejected coverage by many different insurers. The reason people pay more for this kind of coverage is because they really don’t have much choice. So think very carefully about it.