Can You Get Life Insurance Without a Medical Exam?

Planning for unexpected tragedies and worst-case scenarios may not be the most desirable way to spend time, but doing so can make all the difference if you’re no longer around to provide for your family. Understanding and retaining suitable life insurance should be a top priority, but doing so can often require complicated processes and evaluations. Fortunately, there may be ways you can bypass medical exams when seeking coverage.

How Can I Get Coverage?

Life insurance policies that do not require you to submit to a medical exam may be available using multiple approaches. Familiarize yourself with the following options and consider working with a qualified life insurance professional, such as those at J.A. Faccibene & Associates, Inc., to discuss your options:

• Simplified issue life insurance—This type of policy is often available for younger people who are in generally good health. If you’re willing to answer questions about your health and agree to share your medical and pharmaceutical records, you can bypass a medical exam and get covered with no waiting period.

• Guaranteed issue life insurance—These policies may be necessary if you’ve been rejected for other life insurance policies due to health issues or need to get covered without providing medical information. These policies are often significantly more expensive than many other types of life insurance and may offer limited death benefits.

• Employer-sponsored coverage—Many employers offer life insurance as part of their employee benefits packages. These group plans typically don’t require medical exams and may be available at more affordable rates than you’d find on your own. However, your coverage is typically tied to your employment status, meaning that if you retire, quit or are terminated, you’ll need to make other arrangements.

Get the Right Coverage

At J.A. Faccibene & Associates, Inc. in Rockville Centre, NY, we pride ourselves on helping individuals and families secure their financial futures with appropriate life insurance. Contact us today to learn more.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.