For those who have been turned down for life insurance coverage in the past due to a health condition, it can seem devastating. Being unable to provide a way for survivors to pay final expenses and other debts may also seem overwhelming from a financial standpoint – especially as it could mean dipping into savings or other assets when the time comes.
There is good news, though, in that a no exam life insurance policy may be able to provide you with the coverage that you need. With a no exam life insurance policy, full medical underwriting is not required in order to qualify for coverage. Therefore, if you have certain health issues, you may still be able to obtain a policy.
Many top rated insurers offer no exam life insurance, including National Western Life. In order to apply for coverage through National Western, you will be required to answer some basic health related questions on the application. However, the company does not request doctor’s reports from your medical provider(s).
In addition, National Western will typically also pull reports from the following sources in order to obtain additional information about your health and safety records. This will provide the underwriters with a clearer picture of what type of risk you may present to the insurance company should they take you on as an insured:
In most cases, applicants for coverage for a no exam policy with National Western Life can choose a death benefit amount of up to $250,000.
The National Western no exam life insurance policies offer several different term life options. Applicants can choose between 10 and 20-year term, as well as a 30-year term life option. These plans can be helpful for those who are seeking coverage for a mortgage or a child’s college education.
Those who are smokers can also apply. However, even though qualification for coverage is still likely (barring any extremely serious medical conditions) the premiums on these policies will typically be higher due to the tobacco usage.
National Western Life Insurance Company has been in the business of providing financial protection to consumers for nearly 60 years. The company provides life insurance both in the U.S. and internationally.
Throughout the years, policy holders have been able to rely on National Western as a strong company that will be there when their policy holders need them. This insurer has been given high ratings from the financial service ratings agencies, signifying that it has a strong financial foundation and has a good reputation for paying its claims to policy holders. Currently, National Western holds the following ratings:
National Western Life Insurance Company offers a variety of life protection products, including term and universal life insurance. With term life, policy holders can choose from several different coverage lengths to meet specific needs. Universal life allows policy holders to obtain a great deal of flexibility in when premium payments are made, as well as in how the cash / savings portion of the policy is placed.
While a no exam life insurance policy may not be ideal for everyone, there are some individuals who may be great candidates. First, those who have health issues and who may not qualify for traditionally underwritten life insurance should definitely consider going this route. Other than individuals who have HIV / AIDS and certain types of cancer, a no medical exam policy could provide you with life insurance protection where other options won’t.
Those who participate in “high risk” activities may also want to consider a no exam life insurance policy. Many insurers will not provide life insurance coverage for individuals who regularly sky dive or hang glide, as these activities put these applicants – and the life insurance company – at a much higher risk of claim. A no medical exam policy, however, could be a good solution.
Likewise, for those who are fearful of needles, applying for a life insurance policy that does not require a blood test can be a viable solution. Even though the premium charged on a no exam policy is typically much higher than on a traditionally underwritten plan, in some cases, applicants may still opt to go this route in lieu of purchasing medically underwritten coverage. In any case, it is important to always weigh your options before moving forward.
When choosing any type of life insurance product, it is important to keep in mind how much coverage you may need. This can be accomplished by determining what expenses your survivors would have – both fixed and ongoing – if you were to pass away. In many cases, these financial needs will include the payment of final expenses, as well as the payoff of debts, and possibly ongoing income for a surviving spouse or other dependents.
Prior to moving forward with a National Western no exam life insurance policy, it is a good idea to obtain premium quotes and additional policy information. We can help you in making a more informed decision as you move forward with your purchase. We work with many of the top rated life insurance companies in the country and we can walk you through obtaining benefit comparisons, premium quotes, and finding other important details – all from the convenience of your home computer, without ever having to meet with an insurance agent in person. In order to get the process started, just use the form on this page.
Should you have any additional questions regarding coverage, how it works, or what your alternative policy options may be, our experts are here to help. For any question or concern that you may have, just contact us directly at 888-229-7522, toll-free, and you’ll soon be on your way to applying for the financial protection – and the peace of mind – that you and your loved ones deserve.