Product availability and features may vary by state. PLAIC is located in Birmingham, AL, and is licensed in New York. PLICO, founded in 1907, is located in Nashville, TN, and is licensed in all states excluding New York. Protective and Protective Life refer to Protective Life Insurance Company (PLICO) and its affiliates, including Protective Life and Annuity Insurance Company (PLAIC). The Protective trademarks logos and service marks are property of Protective and are protected by copyright, trademark, and/or other proprietary rights and laws. Protective ® is a registered trademark of Protective Life Insurance Company. Please visit our Privacy Policy for more information about our information practices, including information about your privacy choices. You can exercise your privacy choices by completing a “ Do not sell my personal information” request or a “ Limit the use of my sensitive personal information” request. When you visit Protective's websites, we may collect personal information from you via your browser or device, or through the use of cookies, analytics tools, and other technologies. For information about Protective and its products and services, visit Companies and organizations linked from Learning Center articles have no affiliation with Protective or its subsidiaries. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax-related decisions. Neither Protective nor its representatives offer legal or tax advice. Descriptions of financial products contained in Learning Center articles are not intended to represent those offered by Protective or its subsidiaries. Learning Center articles may describe services and financial products not offered by Protective or its subsidiaries. It is not intended as investment advice and does not necessarily represent the opinion of Protective or its subsidiaries. The information presented is for educational purposes and is meant to supplement other information specific to your situation. Whether or not you decide that a no exam medical policy is for you, the most important factor in applying for life insurance is not to wait.Īll Learning Center articles are general summaries that can be used when considering your financial future at various life stages. In other words, they can know the amount of risk that insuring you represents to them. Why? Because while you may prefer not to have to answer a lot of health questions, disclose family health issues, or be subject to a medical exam, the lengthier underwriting process allows the life insurance company to be more informed when offering you a policy. So while life insurance with full underwriting may be a more in-depth process, it is typically a lot less expensive than a no medical exam policy. No exam life insurance typically includes premiums that can be much higher compared to fully underwritten policies. Want your life insurance policy coverage in a matter of days compared to weeks with other types of insurance policies.Prefer to apply for coverage from your home computer, over the phone, or by mail (Many insurers will allow you to apply for coverage without having to schedule an appointment with an agent).Want to secure coverage quickly without the time it may take to go through the full underwriting process.Prefer not to be examined by a physician or a medical technician.Have specific concerns about certain medical tests.In addition to shortened time, no exam life insurance may be a good choice if you: Based on your answers, you may be offered a life insurance policy if your answers fit the underwriting guidelines of the insurance company to which you are applying for coverage.įor many people, being able to streamline the underwriting process in order to apply for life insurance coverage can be appealing. Instead, this simplified form of underwriting typically allows you to apply for coverage by answering some basic health information questions. It also doesn't require lab work or a lengthy application. Just as then name implies, no exam life insurance doesn't require a medical exam. What you may not be aware of is that in addition to full underwriting, there can be a simplified underwriting, or no exam life insurance option from various providers. However, while full underwriting is often part of the typical life insurance buying process, it's not necessarily your only option. Based on all this information, the insurer will assess your eligibility for coverage and determine the appropriate premium - a process referred to as full underwriting. And in many instances, you may be required to schedule a medical exam that could include blood work. When you apply for life insurance, you'll be asked to complete an application that includes both your personal and health information.
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