To get life insurance without a medical exam, you first contact a life insurance agency that sells that type of policy. Then, depending on the policy, you fill out an application over the phone and sign it digitally, or on paper and fax or mail it to your agent.
Some no exam policies will then require a phone interview. The person doing the interview will try to call you, and leave a number if they cannot reach you, that you can call back at your convenience.
Some no exam policies will order medical records from your doctor. Most often, that step is not required.
When approved, most life insurance without a medical exam will draft your first premium and put it into effect as soon as it is approved. Some will let you pay the premium after you receive the policy in the mail.
In addition to the above, there are some nonmedical life insurance policies that will do a phone interview with you and your agent to fill out the application and put the policy into effect all at the same time.
The type of life insurance polices that do not require a medical exam are guaranteed issue life and simplified issue life. Guaranteed issue life are typically low face amount policies and most are graduated meaning the death benefit starts low and increases with time.
A simplified issue policy usually requires a phone interview and still has medical questions. It just does not require a paramed exam for blood and urine. These policies typically issue faster than fully underwritten plans but are a bit more expensive due to increased risk from less information underwriting.
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Some no exam policies will then require a phone interview. The person doing the interview will try to call you, and leave a number if they cannot reach you, that you can call back at your convenience.
Some no exam policies will order medical records from your doctor. Most often, that step is not required.
When approved, most life insurance without a medical exam will draft your first premium and put it into effect as soon as it is approved. Some will let you pay the premium after you receive the policy in the mail.
In addition to the above, there are some nonmedical life insurance policies that will do a phone interview with you and your agent to fill out the application and put the policy into effect all at the same time.
A simplified issue policy usually requires a phone interview and still has medical questions. It just does not require a paramed exam for blood and urine. These policies typically issue faster than fully underwritten plans but are a bit more expensive due to increased risk from less information underwriting.