Mainly the life insurance is divided into two categories whole life insurance and term life insurance. Today you will know all about term life insurance and some of the best term life insurance without medical exam. Before to begin with lets have a short understanding about the term life insurance.
What is term life insurance?
As the name itself suggests term as a period of time, so this term life insurance is the short period of life insurance that an insured does for 1 year, 2 year or in accordance to the choice of the insured. If in that time period insured dies then his beneficiary will receive the amount. This is the cheap way to get the coverage as compared to whole life insurance which is very expensive. For most of the diseased people or physically or mentally challenged people the insurance companies do not set up this term life insurance but there are some of the insurance companies that do not take medical exam to issue term life insurance for that person.
Today we will be featuring about best no medical exam term life insurance companies.
All these companies cost are same as compared to other term life insurance companies. They can be afforded by the common people.
They have a good claim servicing and they are very easy to set up. All the ages group people are warmly welcomed to this insurance companies.
How do term life insurance companies work
Many of the customers become very unaware about the workings of term life insurance so become excited and do not pay attention to the workings of term life insurance and get rejected. One thing that we must become aware about term life insurance is that some of the term life insurance do not take medical exam but instead search medical department, Medicines report and job satisfaction rate. If the person fails in these reports and documents that it is sure that the person will be rejected from term life insurance. Some of the other companies do ask some of the common question about health issues in a round circle manner and if the ill person do not follow diplomacy then there is a strong possibility of being rejected. For example companies may ask for the chronic disease and some of the hereditary diseases not directly but will ask if his father had this disease or mother had this disease and after asking this type of questions finally if person meets the minimum criteria for the insurance then he will be eligible for term life insurance.
Best no medical exam term life insurance companies in USA :
For this we have top 17 best no medical exam term life insurance companies in USA.
1. American National Insurance Company - This term life insurance helps to provide the policies for 10, 20 and 30 years of time period. It has a coverage starting from $24500 to $250000.
2. Assurity Life Insurance Company - This insurance has been serving since a very long period of time and for most of the people they are benefited by a coverage of $350000 to the beneficiary.
3. Gerber Life Insurance - Under best no medical exam term life insurance companies category Gerber life insurance takes a third position.This life insurance has been awarded with the most trusting life insurance with a cash coverage of $250000.
4. Sagicor Insurance Company - Sagicor life insurance is one of the leading insurance company that provides all types of coverage valuating from $2500 to $500000 which is the highest coverage for the insurance company.
5. Phoenix Safe Harbor Term Life Insurance - It has a guaranteed term life insurance products with a option to renew. A person can get up to $400000 in a no medical exam policies.
6. Fidelity Life Insurance - Since 1896 this insurance has been serving people. Its terms periods are available 10, 15, and 20 years with a minimum coverage of $250000.
7. Foresters Life Insurance - As per other term life insurance this life insurance also provides the period of policy for 10, 20 and 30 years of time. This insurance also provides a minimum coverage of about $200000.
8. Mutual of Omaha Life Insurance - Though this insurance doesn't provide a good coverage as like other insurance company but let me tell you its policies can be issued by the people of age group up to 74 years which is rarely given by most of the no medical exam term life insurance companies.
9. Transamerica Life Insurance Company - Transamerica is one of the best oldest life insurance companies in USA. Though it has a simple policies but it do provide a minimum benefits if $100000 cash value without medical exam.
10. North American Company - North American Company is one of the most reliable insurance company due to its services since a long period of time. The ages of 18 years to 60 years group of people can take part and get a minimum benefits of $500000 which is quite high as compared to other insurance companies.
11. Principal Financial Group - This group actually provides a good rate of amount after the death of the insured to the beneficiary almost about $100000. All the age group of 18-60 years are allowed to take purchase term life insurance.
12. American-Amicable life insurance company - They have a wide range of no medical term life insurance policies having a benefits from $50000 to $400000 to all the age groups of people from 10, 15, 20, and 30 years.
13. Cincinnati Life Insurance - This insurance company issue almost all type of insurance policies generally the coverage varies from the minimum amount of $25000 to a maximum amount of $100000.
14. Minnesota Life Insurance - With the minimum coverage of $50000 to a maximum amount of $250000 from the age group of 18 to 70 years.
15. United Home Life Insurance - With the maximum benefits of $200000 this insurance provides a good benefits but if insured pass out within the 2 years of purchasing the policy then the company will not give a penny. This is the cons of this insurance company.
These are some of best no medical exam term life insurance companies in USA. All these insurance companies provide their best services. Many of the people are being associated with these insurance companies. Some of these term life insurance companies also do help to convert to whole or permanent life insurance policies. Though these are only some companies but you can prefer your own near you.
I hope this may have helped you out. You can help us by commenting some of the best no medical exam term life insurance companies on your opinion.
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