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If you're like me, sometimes life throws some curve balls at you.

In my case, I got divorced about 10 years ago and needed to make sure my kids would be supported until they became adults. No medical exam insurance definitely fit the bill in this situation.

The obvious benefit of no-exam insurance is the ease with which you can purchase coverage. Most companies offer this insurance with limits up to $250,000. You do pay a higher premium, but that's the trade off for not taking the exam. Keep in mind that term insurance is more common for this type of insurance policy. Term insurance is offered with several options so you can choose which plan works best for you.

Now, the next logical question is what would be some other reasons to purchase no medical exam insurance? Actually, other common reasons to purchase insurance include debt protection funding (home mortgage, car payments, etc.), college tuition protection for your children in case of your death and any other reason you can think of where someone would need to provide funds if you died.

No exam insurance makes purchasing insurance easy and is still a very cost affordable option. In addition, you can include coverage for your spouse and children. Some companies even offer disability premium protection and return of premium options. In the case of the former, your insurance premiums will be paid if you become totally disabled. In the latter case, if you don't die before the end of the insurance term, the company will pay back all the premium you paid into the policy!

As an insurance agent, the benefits of ease of insurability and reasonable cost make no exam life insurance an attractive option for any consumer.

Learn more about this author, Michael VonFabian.
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