Talking about the best none exam life insurance companies in the USA, it is simply saying that, for some companies, you will be required to write an examination before you can be able to work with them as a policyholder.
In this article, we as going to be giving you detailed information about the best companies when it comes to non exam life insurance.
After reviewing 28 life insurance companies, we found that Pacific Life came out on top as the best choice. We looked at things like how much it costs, what kind of policies they offer, how much coverage you can get, any extra options you can add, how easy it is to apply, how financially stable the company is, and what their customers think of them.
Best Non Exam Insurance Companies in the US
Here we are going to give you the list of all the companies that you don’t need to write an exam to work with. See the details below.
1. Pacific
Pacific Life offers two main types of life insurance: term and permanent. While they don’t offer whole life insurance specifically, they do have a range of other options like universal, indexed universal, and variable universal life insurance policies. With their term life policies, you have the option to later convert them into a universal policy if you want, but you’ll need to undergo a medical exam for this. This flexibility can be helpful if you’re unsure which type of policy is best for you.
It’s important to note that you can only buy Pacific Life’s life insurance policies through an agent.
Their policies include term, universal, indexed universal, variable universal, survivorship indexed universal, and survivorship variable universal life insurance.
For their term life policies, the amount of coverage you can get starts at $50,000, but the maximum limit depends on various factors determined during the underwriting process.
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2. Northwestern
Northwestern Mutual offers different types of life insurance plans like term, whole life, universal, and variable universal policies. If you start with a term life policy, you can later switch it to a whole life policy, and they promise to do this regardless of your health condition. Their whole life policies also have a neat feature where they can earn dividends, which they’ve been paying out every year since 1872.
Their website doesn’t have a lot of details about the policies, and you can only buy their life insurance through an agent.
They offer different types of policies including term, whole, universal, variable universal, and survivorship universal life insurance. The amount of coverage you can get depends on the specific policy and your situation.
3. Guardian
Guardian Life provides different types of life insurance plans, including term and permanent policies. With their term life policy, you have the option to switch it to a permanent policy later on. However, one drawback is that there’s not a lot of detailed information about their policies on their website. While you can find general info about the types of life insurance they offer, you’ll need to contact them directly for specifics. But, they do offer online quotes and applications for their term life policies, which can make the process easier.
They offer various types of policies like term, whole, universal, and variable universal life insurance. The amount of coverage you can get depends on the specific policy you choose and your circumstances.
4. Protective
Protective offers both short-term and long-term life insurance plans. Their short-term plans, called term policies, can be switched to permanent policies within the first five years. After that, they can only be switched to a specific type of permanent plan called whole life insurance. Protective also offers term life plans that can last up to 40 years, which is longer than many other companies offer.
You can get a quote for a term life plan on Protective’s website, but you might need to talk to one of their agents to apply for the insurance.
Protective provides a variety of life insurance options, including whole life, universal, indexed universal, variable universal, and survivorship universal plans. The amount of coverage you can get depends on the type of plan you choose. For example, their whole life plans start with a death benefit of $1,000, while their universal life plans start at $25,000, and their term life plans start at $100,000.
5. Mutual of Omaha
Mutual of Omaha provides both short-term and permanent life insurance options. They offer term policies, which last for a specific period, as well as permanent policies that provide coverage for your entire life.
For those looking for final expense coverage, Mutual of Omaha offers two types of whole-life policies. Their Living Promise Whole Life policy offers coverage up to $50,000 and doesn’t require a medical exam. They also have a children’s whole life policy available.
Their Term Life Express policy makes it easier to apply for term life insurance since it uses simplified underwriting. This means you won’t have to undergo a medical exam, but you’ll still need to answer health questions.
Coverage limits vary depending on the type of policy you choose. Term life policies start with coverage as low as $25,000, while whole-life policies range from $2,000 to $50,000. The death benefit for their universal and indexed universal policies depends on the specific policy and your circumstances.
How much Does a Life Insurance policy cost
The price you pay for life insurance can vary a lot, even if you’re similar to someone else. Factors like your age, health, gender, and the insurance company itself all play a role in how much you’ll pay each month.
For example, let’s say there’s a 35-year-old woman and a 35-year-old man. If they both want a $1 million life insurance policy for 20 years, the woman might pay around $57 per month, while the man might pay $65 per month. That’s a difference of more than $10 each month, just because they’re different genders.
Age also matters a lot. If you compare a 35-year-old woman to a 65-year-old woman, both wanting the same $1 million policy for 20 years, the older woman might pay almost $890 more each month.
If you’re in a group that’s considered higher risk, like if you smoke, your premiums will usually be higher.
If you want to find cheaper life insurance options, you can check out our list of the Cheapest Life Insurance Companies. And if you’re curious about how much life insurance might cost you, our Life Insurance Quotes guide can help.
Conclusion
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