4. It's Not a Way for You to Hide Your Health Status
Can you get no medical exam life insurance even if you don't have a pristine medical record? Probably not. If you lie on the health questionnaire to hide your less-than-ideal health, the insurance company will likely find out anyway. There are ways for insurers to cross-check your answers.
Underwriters can check your pharmacy reports and motor vehicle records. They can also check with the Medical Information Bureau, which is a nationwide database that contains basic information for insurers.
5. An Independent Insurance Agent Can Help You
Be sure to do your research and talk to an independent insurance agent who can help you compare quotes from different insurance companies, and may be able to find you a policy that meets your needs. Independent insurance agents already work with several insurance companies, not just one, and can help you determine whether a no medical exam policy would be right for you and your family. An independent insurance agent can also find you options that fit your budget and financial needs for the future.
Don't be afraid to ask questions and shop around to find out whether a life insurance policy without a medical exam may be right for you, and then to find the best policy from a reputable company.