Buying term life insurance online should be like buying a book. Or a movie. Okay, maybe not that easy, but it should certainly be easier than buying a car.
Sadly, it’s not. Not even close.
Sure it’s easy to get term life insurance quotes online. There’s no shortage of websites offering them. But that’s the easy part. There’s a whole application process that comes after the quote.
And that process can take 4-6 weeks to complete. Many people can wait that long, either because they have other coverage or they want to save money by going through underwriting.
But many others can’t wait. They need it now. For a trip, or a bank loan, or just because they’ve put it off for too long already. No medical exam term life insurance was made for this select group.
How No Medical Exam Term Life Works
In most ways, no medical exam term is the same as regular term. You pick the term length and the amount. It pays a death benefit if you die during the term. You can choose to pay for it monthly, quarterly, semi-annually or annually.
These are the main differences:
No exam required - This is the big advantage. No paramed exam means no blood, no urine and no nurse visiting your home.
It’s faster - Way faster, like a cheetah racing an elephant faster. We complete the application by telephone and you sign it electronically. If approved, your policy can be in force in as little as 24-48 hours. How’s that for fast?
Coverage is limited - We currently offer no medical exam policies from Sagicor Life (up to $500,000 in coverage) and Haven Life/MassMutual (up to $1,000,000 in coverage). Beyond that, you’ll have to go with regular term life.
There are age limits - Sagicor Life policies are available to people ages 18-65. Haven Life/MassMutual policies are available to people ages 18-64.
It sometimes costs more - Depending on your age, the coverge amount and other factors, you may end up paying more for a no medical exam policy. But not always. It's worth the time to take a look. And remember, with a no medical exam policy you're paying for speed and convenience. You'll need to decide how much that's worth to you.
If you’re in a rush or just despise needles (and who doesn't), take a look at no medical term life. You'll save a ton of time and you might find the cost isn't much more than regular term life.
For Haven Life/MassMutual no medical exam quotes, call us at 877-432-4440.
To view Sagicor Life no medical exam quotes, start a quote below and look for the Sagicor Life quote.