AIG’s American General is a great option for customer’s with various health conditions, especially for those with a history of diabetes or heart attack. AIG allows for a customization of the term, allowing customers to choose the length of time the policy is in effect for instead of the standard timeframes found inside the industry. One drawback is that the underwriting approval process can take as long as 3 months, so plan accordingly.
American National’s Signature Term product is a great product that offers “living benefits”—benefits you can use while still alive. The product is competitively priced, and the underwriters at American National do an amazing job of offering insurance to people with a medical history. The application is thorough and takes about 30 minutes to complete; the company may request medical records from your physicians in order to make a decision.
Assurity’s NonMed 350 is a good term product from an excellent company. The application is taken over the phone and is signed digitally. The underwriting can take 2-4 weeks, and medical records may be requested in order to make a decision. The product is competitively priced for people who are in excellent health.
Banner is a great company for those individuals looking for affordable coverage with less than perfect medical history. As Legal & General’s flagship life insurance company in the United States, they offer very competitive rates for all health classes and their policies are convertible to a whole life policy up to age 95. As part of their in-depth underwriting process, be prepared to submit financial information as part of the approval process.
North American offers a guaranteed level product that is taken over the phone via a fully digital application. As soon as the application has been completed over the phone, an underwriting decision is made then and there. Customers can digitally sign the policy and receive the official policy via digital download. In addition to being instant issue, the LifeVue product is one of the most competitively priced no medical products on the market. It’s one of the best products we have from an A++ rated company.
If you are in good health and are open to a fully underwritten life insurance policy, Pacific Life is often the best choice. As a large and well respected brand with short application forms and faster than normal turnaround times, Pacific Life provides additional coverage for chronic and terminal illnesses under their “Living Needs Benefit”. They only provide fully underwritten policies and their application process includes an additional interview with underwriting.
Acting as a universal life policy, the pricing and structure of the Protective Custom Choice UL plan is similar to a standard term life insurance policy and a great fit someone looking for keeping a decreasing amount of coverage after the end of the selected term. Protective also offers competitive underwriting for a variety of health conditions and allows for electronic delivery of documents and policies. Underwriting can take up 4-8 weeks to complete which can be longer than others in the industry.
Sagicor’s Sage Term product is the leader in the no medical exam life insurance market. The application can be taken over the phone in about 20 minutes, or you can complete most of the application online.
You can sign the application digitally, and your policy can be delivered digitally when it is issued.
The Sage Term product is convertible to the Sage No Lapse Universal Life product, which is one of the best permanent policies in the market. It can be converted at any time during the guaranteed coverage period.
SBLI consistently has the lowest-priced no exam quotes, as they have priced these policies the same as their fully underwritten policies. SBLI is an A+ (Superior) A.M. Best-rated company with a great reputation in the industry. SBLI also offers health classes all the way down to table 8, which is great for a no exam option. SBLI will request medical records if there is a question about the customer’s medical history, so underwriting can take up to 25 days.
Applications are taken by a third party hired by SBLI, so it’s important that we qualify you before transferring you over to complete the application.
United of Omaha’s Term Life Express is an amazing product that provides more living benefits than any other policy included at no cost. The product is only offered at the standard/regular health class and has one of the most liberal build charts in the industry. United/Mutual of Omaha is a great company with extremely high ethical standards. Most policies are issued either immediately or within 10 days.