If you’ve ever been turned down for life insurance coverage due to an adverse health condition, you may still be able to obtain the policy that you need in order to ensure that your loved ones have financial protection if the unexpected should occur. Whether you need coverage for paying final expenses, for paying off debt, or for replacing your income for dependents, a no exam life insurance policy could offer you and your loved ones the ideal solution.
Today, there are many top rated life insurers that offer no exam life insurance policy options, including well known companies such as Mutual of Omaha. With a Mutual of Omaha no exam life insurance policy, a face amount of between $3,000 and $25,000 can be chosen with Whole Life Guaranteed, and up to $50,000 with Whole Life Express – and the premium on these whole life insurance policies is guaranteed never to increase.
With the Mutual of Omaha Whole Life Guaranteed policy, those who are between the ages of 45 and 85 years old are guaranteed to be accepted. The company also offers a similar type of coverage plan for children who are between the age of 14 days and 17 years. These plans range in face amount between $5,000 and $50,000 with premiums that never go up – and, because they are whole life insurance policies, they will also build up cash value over time. This cash value grows on a tax deferred basis, and it can be borrowed against or withdrawn for any need that the policy holder sees fit.
These no exam policies are very easy and convenient to apply for. Because you can apply for them online, there is no need to meet in person with an insurance agent – and with no need to submit and wait for the results of a blood and urine exam, approval is usually very quick. In many instances, applicants will hear back regarding policy approval within just a few days – or less – rather than having to wait weeks. This means that your Mutual of Omaha coverage will be in force right away.
By purchasing coverage online, you have the same insurance protection that you’d have by buying through the mail – yet with a high level of encryption in order to help in keeping your personal information both safe and secure.
Mutual of Omaha has been in operation since 1909, providing insurance and financial services to consumers for more than a century. It is well known for being there for its policy holders in their time of need. The company offers both term and permanent life insurance options, so individuals and families can choose the protection that best fits with their specific needs and goals.
From a financial standpoint, Mutual of Omaha is considered to be extremely strong – which is why the company has earned top ratings from the insurance company ratings agencies. This means that its policy holders can count on the insurer to be there when they need them to pay out on their claims. Mutual of Omaha’s financial ratings include the following:
No medical exam life insurance can be a good choice for those who have adverse health issues and may not qualify for traditionally underwritten life insurance. With these types of plans, an applicant will generally only need to answer just a few short health related questions. There is no medical exam to contend with. Therefore, the need to provide a blood and urine sample is non-existent. With Mutual of Omaha’s Whole Life Guaranteed plan, your spouse is also guaranteed for this life insurance protection, too.
With a Mutual of Omaha no medical exam life insurance policy, the plan cannot be canceled for any reason – provided that the premiums continue being paid. In addition, the premium rates will never go up over time, even due to increasing age. So, once you’ve locked in your premium rate, there is no need to worry about your cost of coverage going up.
Likewise, your benefit amount will never decrease – no matter what’s going on in the market or in the economy overall. Once you’ve qualified for coverage and a face amount of coverage, you don’t need to worry about your plan being reduced.
Along with your insurance coverage, you will also be building up tax deferred cash value. This savings can continue to grow over time – exponentially – and it can be borrowed or withdrawn for any reason that you see fit.
A no medical exam policy can provide these individuals with a great alternative to still obtaining the insurance protection that they need, yet without the worry of having to pursue providing a blood sample.
It is important to note that while no exam life insurance does provide a nice alternative to traditionally underwritten coverage, the premium that is charged for this type of coverage can be quite a bit higher than for a comparable amount of regular life insurance. With this in mind, it is important to weigh all of your potential coverage options.
If you’re ready to pursue a Mutual of Omaha no exam life insurance policy, we can help you to compare policy benefits and premium quotes. We work with a number of highly rated life insurance carriers in the market and we can help you in comparing all of your potential coverage options, as well as potential premium costs. In order to begin the process, simply fill out the form on this page.
Should you have any additional questions about Mutual of Omaha’s no exam policy, or other life insurance coverage options, we are here to help. Please contact us directly by calling 888-229-7522 toll-free and speaking with one of our life insurance experts today