No Medical Exam Life Insurance Rates for 40 Year Olds

Written on September 3, 2016 by LJM Life Insurance

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No Medical Exam Life Insurance Rates for 40 Year Olds

No Medical Exam Life Insurance for 40 year olds will surprise you at just how affordable they are.   By entering your information in the tool to the left of this article you will get an instant quote.

WE WORK FOR YOU! we do not work for the insurance company,  Contact us today for a free unbiased quote,  

To be sure that you are looking at the right pricing for your health classification and have calculated the amount you need correctly call us at 1-844-528-8688, we will discuss your needs and budget and run a quote for you.

There is absolutely no charge for your services, the commissions are built into the cost of the plan by the provider and is the exact same price if you go through us or call the company directly.

The bonus you get by going through us, an independent agency is that we are contracted with all the top rated companies in the country and will show you rates for them all.  If you call an insurance company direct they are not going to show you the competitions rates.

Getting a medical exam for life insurance is inconvenient, time consuming and can be unpleasant.  With rates for No Medical Exam Term Life Insurance this low, there is no need to take an exam for life insurance ever again.

With no medical exam Term Life Insurance (sometimes called Non-Med Term Life).  You get the same type of coverage as a standard term life insurance policy, but no hassles of the exam, just some simple questions and you are done.

As far as pricing goes, you pay a very small amount for the benefit of not taking an exam, but the increase is very minimal, sometimes just $3.00 or $4.00 per month more.  See how low these rates are by the samples below.

Preferred health rating for a non smoking male:

AMOUNT           $10,000       $25,000          $50,000       $100,000       $250,000        $500,000

10 year term        $10.42           $11.78              $11.42           $14.04             $19.22             $29.57

15 year term       $10.42            $12.45             $13.33           $14.13             $19.35             $31.88

20 year term      $10.42            $13.51              $14.78          $15.13             $24.47             $42.33

30 year term      $10.42            $17.58             $21.01          $22.69           $40.73             $68.55

*All rates are monthly (consider paying yearly for even more savings)

Preferred health rating for a non smoking female:

AMOUNT           $10,000       $25,000          $50,000       $100,000       $250,000        $500,000

10 year term       $10.42           $10.70            $10.77             $10.84            $16.48             $22.40    

15 year term       $10.42           $11.63            $11.60              $11.94             $17.70             $27.69

20 year term      $10.42           $12.51            $12,54             $13.22             $21.32             $35.16

30 year term      $10.42           $16.35            $17.61             $19.52            $32.79             $55.47

*You could save even more by paying annually.

 Avoid Taking a Medical Exam for Life Insurance

  • The underwriting procedure
    1. Basic medical history
      • Medical bureau report
        No Medical Exam Life Insurance Rates for 40 Year Olds
      • Prescriptions
    2. Tobacco
    3. Record for the last few years with the DMV
    4. Height/Weight
    5. Citizenship
    6. APS (attending physician statement) might be ordered
  • Decision and issued very fast:
    1. We are talking a decision and issue in minutes or a few hours, that is very fast when you compare it to the weeks or months a fully underwritten Life Insurance Policy can take.
  • No Paramedical exam is needed
    1. You answer some questions about your health and background but the underwriting is simplified and there is no need for the exam.

How Simplified Issue Insurance Companies Check Medical History

Your answers to questions on the application will be checked and verified from various health and life insurance reporting bureaus.  These are reports that every company uses in the underwriting process and the information has been gathered from applications that you have turned in during your lifetime for health and life insurance.

Some of the information has also been gathered from your medical and pharmacy reports, that have been compiled by your usage.  Anytime you fill out an application you have given your permission for them to use it in this fashion.

Prices for No Medical Exam Term Life Insurance

There is a small difference in pricing for the no medical exam life insurance policy, but to many the few bucks more is well worth it not to have to deal with the examination.  Our sample prices in the table above will give you a peek at just how affordable this life insurance coverage is.

In order for you to qualify for this type of policy, you must be in good to fair health.  The life insurance company is waving the exam based on your answers and reports from your medical history.

The best way to get the most accurate and up to date pricing is to call us and speak to a Licensed Life Insurance Agent.

You will not get healthier as you grow older and that will impact the pricing of any Life Insurance Policy.  Even a few years and some minor health issues can cause an increase in premiums, start your policy as soon as possible.

No Medical Exam Life Insurance Rates for 40 Year Olds

The rates that have been discussed in this article are for term life insurance.  No Medical Exam Life Insurance is term life coverage, meaning that it is life insurance coverage over a specified period of time.

The lengths of coverage are from 10 to 30 years and the coverage goes up to amounts of $500,000.00.  The companies that offer products depend on the length of coverage and the amount requested.

Term Life Insurance for 40 year old coverage needsNo Medical Exam Life Insurance Rates for 40 Year Olds

Term Life Insurance will protect your family from financial ruin when a wage earner in the family dies.  Not only does the income have to be replaced for many years but people who are in their forties are paying on their  homes and vehicles with children in school.

Even the loss of a non working or stay at home parent will greatly add to expenses.  Most times people at this age have children that are in school, and income replacement and debt payment.

As you calculate your coverage needs,  keep several factors in mind, education and daycare needs for the children, monthly expenses, total long term debt owed and any investment income that might be lost.

In a household where both parents are actively participating in the child rearing, the loss of a parent can have a devastating effect on the surviving parents career.  Now these have to be handled by the surviving spouse and parent.  Due to work schedules and the demands of a single parent household the duties are often outsourced to a paid assistant.

After the passing of a spouse and parent the extra strain on resources can be catastrophic, and this is the main consideration when looking at the amount of coverage.

This whole process can be made very simple if you call us 1-844-528-8688, we ask the right questions to help you calculate your true coverage need and find you the Life Insurance policy you have been searching for.

About LJM Life Insurance
About LJM Life Insurance

We work with individuals across the nation to secure the best life insurance rates.

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