Life Insurance
No-Medical & Guaranteed Issue Life Insurance
No-medical life insurance lets you apply without a medical exam. Simplified issue policies ask a short list of questions; guaranteed issue policies ask none.
How it works
Simplified issue coverage replaces the medical exam with a short application. It can be faster to put in place than fully underwritten coverage.
Guaranteed issue coverage generally accepts applicants within an eligible age range without health questions. Coverage amounts are usually smaller.
Because the insurer knows less about each applicant, these policies typically cost more per dollar of coverage and may include a waiting period before the full benefit applies.
Things to consider
Cost
Expect higher premiums for the same coverage compared with fully underwritten policies.
Coverage limits
Maximum amounts are usually lower, especially for guaranteed issue.
Waiting periods
Some policies limit the benefit in the first years. Read this part carefully.
Compare first
Traditional coverage may be available and less expensive. It's worth comparing options.
Frequently Asked Questions
Is there really no medical exam?
Correct — these policies don't require an exam. Simplified issue policies still ask some questions on the application.
Why does it cost more?
The insurer takes on more uncertainty without full underwriting, which is reflected in the premium.
Other types of life insurance
Term Life Insurance
Coverage for a set period, usually at the lowest cost.
Whole Life Insurance
Lifelong coverage with fixed premiums and guaranteed cash value.
Participating Whole Life Insurance
Whole life coverage that may pay dividends.
Universal Life Insurance
Permanent coverage with flexible premiums and an investment component.
Mortgage Life Insurance
Coverage built around paying off your home.
Joint Life Insurance
One policy covering two people.
This page provides general educational information only and is not personal financial advice. Coverage availability and terms depend on the insurer and your individual circumstances.
Protecting Your Future Starts With Understanding What You Need.
Have a free, no-obligation conversation with a licensed advisor — get your questions answered before you decide anything.