Advice on No-Exam vs. Fully Underwritten Life Insurance

My advice would be to consider the cost, coverage and application process of both options before making a decision. No-exam policies may offer easier access to life insurance coverage. Still, they can be more expensive than traditional fully underwritten life insurance policies and typically provide less coverage for the same cost.

I have been able to find no-exam policies for clients with roughly a 2-5% premium in cost. Given most of the policies were $20–100/month, the premium paid for the benefit of not having to go through the medical exam process was worth it from a time-cost perspective.