LifeQuotes.com: How To Buy Up To $400,000Of Life Insurance Without A Medical Exam

DARIEN, Illinois (January 12, 2015) – LifeQuotes.com, the online life insurance exchange that offers instant quotes from 50 life insurance companies and allows customers to buy from any company shown, has good news for those who want to skip the dreaded medical examination. Many highly-rated life insurers now offer no-exam underwriting, which are available with initial rate guarantees of 10, 15, 20, 25, 30 years and even lifetime coverage depending upon the applicant’s age, state and health profile.

Depending upon the applicant’s age and state of residence, no-exam coverage is available up to $400,000 and many plans now offer paperless, instant-decision underwriting.

An important new trend in life insurance is the growing popularity of plans that do not require a paramed examination. “For those wanting to add extra life insurance coverage at surprisingly affordable rates, today’s no-exam plans represent a modern, quick and easy way to secure new coverage,” said LifeQuotes.com founder and CEO, Robert Bland. “But remember, medical history questions will be asked and these plans are designed for applicants who are in stable health at time of enrollment. To avoid unwanted declines, we’ve gone to extra lengths to display each company’s actual acceptance guidelines at www.lifequotes.com so that our customers can review them before they elect to formally apply for coverage.”

Sample No-Exam, 10 Year Level Term Life Insurance Rates
Female Monthly Rates
Age$25,000$50,000$100,000$250,000$400,000
25$9$8$9$13$27
30$9$8$9$13$27
35$9$9$10$13$27
40$10$11$12$18$38
45$10$12$14$22$66
50$12$16$18$31$80
55$15$19$23$40N/A
60$19$26$35$66N/A
65$33$34$47$91N/A
Sample No-Exam, 10 Year Level Term Life Insurance Rates
Male Monthly Rates
Age$25,000$50,000$100,000$250,000$400,000
25$10$9$10$14$34
30$10$9$10$14$34
35$10$9$10$14$34
40$10$11$13$20$47
45$11$13$15$25$67
50$13$18$23$39$95
55$17$24$30$53N/A
60$22$38$51$98N/A
65$44$53$72$143N/A

To apply for no-exam coverage, applicants do not need to see a doctor or take any medical test. Acceptance is based upon your answers to health questions and other information you may provide or give the insurer permission to obtain. Underwriting for most no-exam plans utilizes e-signature and/or a recorded telephone interview.

The no-exam insurers typically require U.S. citizenship, a valid social security number, and a valid U.S. residence. In some cases, coverage may be available to U.S. residents who are temporarily living abroad.

Bland continued, “Many of the no-exam plans now shown on our exchange platform offer excellent price-to-coverage values for consumers and often exceed popular association plans that may only offer coverage to $100,000 or only offer initial rate guarantee periods of 5 years. Visitors to www.lifequotes.com will see higher coverage amounts, lower premiums and longer rate guarantees.”

LifeQuotes.com advises all applicants to be honest in all of your answers and to keep in mind that the insurer you choose will require your permission to check your medical information, prescription drug history and driving record. Remember to answer each question truthfully because it is a crime in all 50 states to withhold requested information or make a misrepresentation on an insurance application.

Actual plan availability depends upon your age, state of residence, weight, overall health and other factors. Plans are not available in all states. The term life policies described herein are underwritten by one or more of the following companies: American National Insurance Company, Galveston, TX under Policy Form # KC0910193 and state variations; Fidelity Life Association, Chicago, IL, under Policy Form # F3600 and state variations; Independent Order of Foresters, Toronto, ON, under Policy Form # ICC73 770620 US and state variations; Life Insurance Company of the Southwest, Addison, Texas under Policy Form # ICC12-20112 or state variations; Minnesota Life Insurance Company, a Securian Company, St. Paul, MN, under Policy Form # F76777-15 and state variations; PHL Variable Insurance Company, a member of the Phoenix Companies, Inc, Hartford, CT under Policy Form # ICC14OL4907 and state variations; Prudential Financial/Pruco Life Insurance Company, Phoenix, AZ, under Form # PFT-2007 and state variations; Sagicor Life Insurance Company, Austin, Texas under Policy Form # ICC101000/1000 or state variations; Transamerica Life Insurance Company, Cedar Rapids, IA, under Policy Form # ICC12 TL18 and state variations; United Farm Family Life Insurance Company, Indianapolis, IN, under Policy Form # 18-364 and state variations and United of Omaha a Mutual of Omaha company, Omaha, NE, under Policy Form B630LNA07P and state variations Coverage is not available to New York residents. Premiums on level term life policies always increase after the initial rate guarantee period expires. These policies cover death by any cause in any place at any time subject to suicide exclusion within first two policy years (one year in some states).

Past Accolades for LifeQuotes.com

  • 2021: LifeQuotes.com Celebrates 1,000 Google Reviews Averaging 4.8 Stars
  • "2017 Life Insurance Innovation" award winner... Life Insurance Direct Marketing Association
  • "The premier Web site in terms of details and ease of use..." -- Yahoo! FINANCE
  • Twice Ranked #1 life insurance website by Kiplinger's
  • Named a "100 Most useful website" by MSN Money
  • Past Winner: Forbes' "Best of the Web"
  • "The best website I've found..." -- Dallas Morning News
  • "...we'd recommend you do your insurance shopping here..." -- Barron's
  • "...outstanding - as good as a Web site on insurance can possibly be. Hats off and a gold star to the top insurance site on the Web." -- Insurance for Dummies

About LifeQuotes.com

LifeQuotes.com is an insuretech pioneer that caters to self-directed life insurance shoppers at www.lifequotes.com. The company's innovative technology allows customers to instantly view quotes from 40 insurers and buy from the company of their choice on a paperless basis. The company's comparative rater also reveals underwriting guidelines for improved accuracy. More than 390,000 people have purchased policies through LifeQuotes.com since the firm's founding in 1984. According to Data Bridge Market Research, the insuretech market is expected to witness market growth at a rate of 42.4% in the forecast period of 2021 to 2028 and is expected to reach $46 billion by 2028.

Survey Methodology

Life insurance policies described, quoted, shown and illustrated in this press release may not be available in all states and certain terms may vary by state where required by state law. The supplemental policies described provide limited benefits and are NOT comprehensive health insurance or major medical insurance and they do NOT satisfy a person's individual obligation to secure the requirements of minimum essential coverage under the Affordable Care Act (ACA). For more information about the ACA, refer to http://www.HealthCare.gov. Policies examined include American Family Life Insurance Company, Madison, WI, policy form ICC14-LD10001; American National Insurance Company, Galveston, TX, policy form ART 12; Assurity Life Insurance Company, Lincoln, NE, policy form I L1702; Banner Life Insurance Company, Urbana, MD, policy form ICC08-LIA, and William Penn Life Insurance Company, Garden City, NY, policy form LIA-WP, both Legal & General America companies; Foresters Financial of Toronto, Canada, under form ICC16 770620; Haven Life Insurance Agency, Issued by C.M Life Insurance Agency, LLC, a subsidiary of Massachusetts Mutual Life Insurance Company (Mass Mutual) of Springfield, MA. Policy form # ICC19PCM-SI 0819); Lincoln Life & Annuity Insurance Company of New York, Syracuse, NY, policy form LEF06321-18_7-10, and The Lincoln National Life Insurance Company, Fort Wayne, IN, policy form LEF06321_5-12, both insurance company affiliates of Lincoln National Corporation, whose marketing name is Lincoln Financial Group; John Hancock Life Insurance Company (U.S.A) of Boston, MA 02117, on policy form number ICC16 2016TERM and John Hancock Life Insurance Company of New York, Valhalla, NY 10595, Minnesota Life Insurance Company and Securian Life Insurance Company of St. Paul, MN under policy number F76777-15; Pacific Life Insurance Company of Newport Beach, CA, policy form P16YLT. North American Company for Life & Health Insurance, Chicago, IL, policy form LS174; Penn Mutual Life Insurance Company of Horsham, PA, under policy form ICC13-LT; Principal Life Insurance Company of Des Moines, IA, under policy form ICC17 SN 104; Protective Life and Annuity, Birmingham, AL, policy form TI-15; Pruco Life Insurance Company of New Jersey, Newark, NJ, policy form ORD 96200-2010, me