Buy No Exam Life Insurance Online
Frequently Asked Questions
For years, life insurance has confused and eluded a large portion of the American population. People either do not know they need coverage, do not know where to start, or get so overwhelmed with the application process that they never secure much needed life insurance coverage.
We wanted to do everything we could to help Americans get the best life insurance coverage for their families in order to provide for them in the event of their untimely death. As a result, our service was born to help people understand their life insurance options and get the best coverage possible to protect their families.
These astonishing statistics show many of the reasons we chose to start our no exam life insurance portal:
- Only 61% of adults life insurance, a decline from 70% in 1984, and only 41% of adult Americans have life insurance coverage outside of work (the process and time commitment is burdensome).
- Among those with life insurance, about 1 in 5 say that they do not have enough.
- Half of all adults visited a life insurance website and/or sought information online in 2018. Almost 1 in 3 purchased or attempted to purchase life insurance online (If you’ve done this, you are not alone. It was probably too much work and time).
- Most people overestimate the cost of life insurance, especially younger Americans. 44% of Millennials overestimate the cost at 5x the actual amount.
- 50% of all people say they are more likely to purchase life insurance if there is no physical examination (sound familiar).
- 35% of all households would feel a severe financial impact within 1 month if the primary wage earner died.
- 75% of Americans think the greatest benefit that an insurance company can offer is a simplified issue policy.
- There over 600 Companies in the US offering life insurance product (comparing all those companies would take years). Stats taken from LIMRA’s 2018 Insurance Barometer Study.
We totally understand and relate to these pain points with traditional life insurance coverage. At the end of the day, just about everyone needs some level of life insurance coverage for their family. We want you to feel comfortable with your life insurance options, and also make it extremely convenient to secure life insurance coverage for the people you love the most.
We’ve made insurance easy, affordable, and quick for you. We’ve found the top carriers with the most competitive products. Life insurance can be hard, but we’ve designed a system to make it simple.
Our independent life insurance agents represent these no exam life insurance companies, as well as dozens of the other best life insurance companies on the market. This allows us to provide superior life insurance rates, as well as a wide range of coverage options to ensure you find the best policy for your needs.
There are all sorts of reasons that people purchase life insurance coverage. The primary reasons are:
- Income Replacement
- Debt Protection (Mortgage, Credit, Auto, etc... )
- Education Replacement
- Small Business Loans
- Divorce Requirement
- Lease Purchase
- And More…
Mainly, people who have financial dependents and large amounts of debt should consider life insurance in order to protect their loved ones in the event of their death. While it is not a pleasant thought, we all must die one day. Protecting your family in the event of your death is the primary purpose for life insurance.
For those with financial dependents such as children and spouses, life insurance can supplement your income for them in the event of your death.
Paying Off Debt
For those with large amounts of debt such as mortgage, car loan, student loans, auto loans, etc… life insurance can serve as a way to pay off these debts in the event of your death so that they are not passed on to your family through an estate.
Occasionally, life insurance may be required by law in the event of a divorce in order to prove that you have a way to pay child support or alimony in the event of your death.
Life insurance is often times used by business owners as a way of collateral assignment for loans. In this case, a life insurance policy can be taken out that is then assigned as collateral on a loan, promising that the policy will pay out the amount you owe to the bank in the event of a default.
Small Business Loans
Securing an SBA loan or funding a buy-sell agreement. Maybe you are finally launching your dream company, but are securing an SBA loan to do so. Most people didn’t know that the government requires you to secure your SBA loan with a life insurance policy as collateral assignment.
From the SBA website: “the Lender should require life or disability insurance where there is a concern over whether the business could survive in the absence of an individual or small group of individuals that provide the management for the small business concern.”
You need this money now to begin your business, and can’t wait 2-3 months for a life policy to be approved. “No exam” policies can be approved instantaneously without holding up your business financing.
Many adoption agencies will want to make sure the child is not placed in a financially unstable home. One way to demonstrate financial care for the child is to have life insurance in place to provide for care if something happens to you. Again, speed is the issue here, and long delays in underwriting could delay or suspend an adoption process.
Life insurance is also used for many other reasons, such as planning for retirement, leaving a legacy, building a trust or estate, and as an investment vehicle. For the most part, if these reasons are why you are looking for life insurance, you should likely consider permanent life insurance, which we will discuss at the end of this section.
Life insurance can be quick, painless, and affordable. But there are still a lot of options and a lot to consider.
Do you go with the quick “no-exam” life product, or go the traditional route?Which company will be the best fit for your needs?
That’s why we are here. Yes you get a quote and apply online without ever talking with us. Many people choose to do that. We have set up portal to make life insurance as easy as possible.
We are also real people who have can help. We’ve developed a group of experts on multiple companies and products to be able to guide you through multiple life options. Our job is to find you the best coverage at the best value, and we can do that through our portal or by speaking with one of our agents.
Check out our online system, but remember we are here to answer your questions and concerns about your own life insurance situation.
Contact us today and let us help you find the best life product for you.
Our online application is for term life insurance policies. We also offer whole life insurance, but you will need to speak with one of our agents on the phone to receive a quote and apply. Of the two types of life insurance, term is the most popular.
Fill out the form at the top of this page to see your custom life insurance quote. We will need your date of birth, height, weight, tobacco usage (if any), coverage amount and term length to show you a quote. This quote is preliminary and does not take into account any health issues you may have.
No. We offer term insurance that does not require an exam. We also offer term policies that do require an exam. On average, the term life policies that do not require an exam have higher premiums.
We advise those with health issues to go with a fully underwritten policy. Typically, life insurers let applicants with outstanding health skip the exam. If you are in good health, but have a lengthy medical history, it is best to take the exam to ensure the best rate.
A life insurance calculator will tell you to choose a death benefit that is equal to 7-10 times your annual income plus whatever debt you carry. Also include an amount for your children's college tuition. For the term length, we recommend a 20 or 30 year term as they provide the most value.