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No medical life insurance is a kind of life insurance policy that you can buy without having to undergo a medical examination. Many people prefer this kind of life insurance because it’s easier and less time-consuming to get, and because it’s an option if you have a pre-existing condition. No medical life insurance is often more expensive than standard life insurance, because insurance companies have less information to evaluate your health, and because people who are in good health tend to opt for standard life insurance policies.
Simplified issue life insurance doesn’t require a medical examination, but may involve a questionnaire about your health. When you apply for simplified issue life insurance, you’ll be asked questions about yourself, including if you’ve been diagnosed with any serious illnesses, if you’ve been hospitalized, and if you’ve been turned down for another life insurance policy. Simplified issue life insurance can be bought as either whole life or term policies.
No medical life insurance is best for people who need life insurance but aren’t able to get a standard policy due to health or other reasons: