Term Life Insurance FAQ
THE MEDICAL EXAM
Q. Can I get life insurance coverage without taking a medical
exam?
A. While a medical exam is part of the process in securing a medically underwritten
term life insurance policy, it is possible to secure term life insurance with
no exam.
Click here to learn more about term life insurance with no medical exam
There are advantages and disadvantages to both types of
coverage. The advantage in having a medical exam is that it
often saves you money on your policy. With an accurate health
profile, the insurance company can place you in the appropriate
rate class, and charge you according to your actual health
situation. Term life insurance with no exam is a convenient
choice for many, but might cost more because the mortality
risk must be shared across all of the policies. In other words,
the insurance company doesn’t know who is healthy or
not, so they average the cost.
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