Hi everyone,
I am considering a no-medical exam life insurance policy and wondering if it is worth the trade-offs. What are the pros and cons compared to traditional policies that require a medical exam? Are there any significant differences in coverage, cost, or benefits that I should be aware of?
No-medical-exam policies are quicker and easier to get, but they usually come with higher premiums and lower coverage limits. If you need insurance fast and don’t want a medical exam, they can be a good option. Just be aware that you might pay more for less coverage.
No-exam life insurance can be worth it if you have preexisting conditions or prefer to avoid medical exams. However, if you’re healthy, you might find lower premiums and higher coverage with a policy that requires a medical exam. Weigh the convenience against potential cost savings.