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Metlife Life Insurance No Medical Exam

No Medical Exam Life Insurance Is The Solution

Life Insurance Exam Review: Provisions, Options & Riders, Beneficiaries, Accelerated Benefits

Thankfully, were in a new age of life insurance.

Life insurance can be approved almost instantly now, with other no exam policies taking just a few business days.

With the standard turnaround time of 4-6 weeks for a traditional, fully underwritten life policy, this is a huge step in the right direction for both insurance companies and consumers alike.

It greatly cuts down on the manpower required of an insurance company through automation, and it also gets you, the consumer, what you need as quickly as possible.

For instance, if youre required to buy life insurance for a divorce decree, no exam is usually the way to go as its the quickest solution to meeting the requirements of the court and protecting your family.

There are advantages and disadvantages to both, but the industry is definitely making a strong step towards no exam life insurance underwriting styles with some of the best term life insurance companies entering the marketplace constantly.

Whats A Paramedical Exam And Why Would I Need One

Its a physical exam, arranged by your insurer and performed by a medical professional, that includes taking blood and urine samples. It takes approximately 30 minutes and theres no cost to you. Whether or not you need one is determined by your answers on the SOH form, your age, and the amount of insurance youre requesting. A MetLife approved vendor will contact you by phone, e-mail, or U.S. mail for an appointment, if necessary. You may also initiate scheduling your paramedical exam online, if thats where you completed the SOH.

What Are The Benefits Of Term Life Insurance

Everyone is different, but it may be more than you have now. The insurance you need changes as your life changes for example, getting married, starting a family or buying a home may change the type or amount of coverage you need. Many people are surprised to learn that they may not have enough life insurance to cover the many expenses their loved ones will face.

Its simple to determine the amount of coverage you may need now. Just go to www.metlifeiseasier.com to calculate how much life insurance may be right for you.

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National Western Life Insurance Company

Product Type: Term, Graded

Death Benefit Maximum: $250,000

Available Duration : 10, 20, 30, Permanent

Additional Benefits: National Western Life is one of a few carriers who will not ask for doctors records, one of the primary causes of long underwriting times.

A good assortment of policies also fits many different needs, from larger term policies to simple final expense policies.

Other Notes: Underwriting time could be as little as 24 hours, although it may vary from state to state.

For graded policies issued, the current payout structure is a 3 year waiting period, where the first year is a return of premium plus 15% interest, the second year a 30% payout, the third year a 60% payout, and full payout from year four forward.

Death Benefit Maximum: $350,000

Available Duration : 10, 20

Additional Benefits: Not only is there no paperwork to apply, but you can get a lightning-fast approval all on your own some in just 15 minutes!

Expect harsher underwriting, but great for anyone who is very healthy with no medical history or family history.

Other Notes: You will not need to work with a life insurance agent to apply or get accepted, although it may not be advised unless you are confident you will be approved.

How Do You Apply For No Exam Coverage

Metlife Simplified Term Life Insurance

With advancements in technology and large amounts of data, insurance companies are able to bypass this process while charging only nominally higher rates.

The increase in premiums are due to the percentage of applicants who arent honest, are unaware of hidden medical issues, or other variables which cant be accounted for with more limited information.

A no exam policy will still require a few things:

  • Medical Questions
  • Financial Justification
  • Doctors Records

They all have some similarities in their process, but each has some uniqueness as well, especially with which risks theyll consider.

Until just a few years ago, non-med life insurance didnt even exist.

But since its inception, several different no exam life insurance companies have stepped forward with new products in this market, and knowing who to choose is key to save both time and money.

Choosing from the best life insurance companies is always important, but youll have to be even more selective to skip the medical.

Below youll find the most comprehensive list of no medical exam life insurance companies on the web and their products currently available.

While this is updated frequently, companies both enter and exit, as well as modify their products as they acquire more data.

One thing to keep in mind: not all policies or companies are available in every state.

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Youre Our First Priorityevery Time

We believe everyone should be able to make financial decisions with confidence. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free.

So how do we make money? Our partners compensate us. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.Here is a list of our partners.

Qualifying For No Medical Coverage

Just because you dont have to go through the entire process doesnt mean youre guaranteed to get the coverage.

In fact, its potentially a little more difficult than a normal term life insurance policy because answering Yes to any health question is going to raise a flag.

You might still be approved as applied, but the heightened sensitivity to any question answered Yes may spur a manual review of your application.

Those who are healthy, have a clean family history , a clean MIB and MVR will get the best rates.

If one or more of these are a concern, you could miss out on a discount but still be eligible for coverage.

With no exam life, there are different levels, also called ratings, which you could be approved at.

Preferred Best, Preferred, Standard, and Rated are the non-tobacco ratings, and Preferred Tobacco and Standard Tobacco are for those who smoke.

For those who do have a health condition, like diabetes, you may still be able to get coverage, but youll get either Standard or Rated based on the carrier you apply with and your current condition and medications. You could also be declined, as well.

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Its All About You We Want To Help You Make The Right Life Insurance Coverage Choices

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our life insurance industry partnerships dont influence our content. Our opinions are our own. To compare quotes from top life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

On This Page

  • MetLife is ranked 42nd in the Forbes top 500 list
  • You can pay as little as $27 per month for MetLife term life insurance
  • A.M. Best has rated MetLife as a financially stable company
  • There are several life insurance options you can take advantage of at MetLife

If youre looking at the best life insurance companies, its likely that MetLife is on your list. This Metlife Life Insurance review will give you the details you need to make an informed decision. Weve gathered everything you need to know about MetLifes life insurance rates, ratings, and insurance products.

To help you streamline your research, well go through a thorough overview of MetLife and take a comprehensive look at each of the policies that they offer before you buy MetLife life insurance.

As you can see, non-smokers have access to more affordable MetLife life insurance, while smokers can pay over $500 per month.

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Who Is Eligible To Enroll In These Products

Life Insurance License Exam Notes Pt. 1

If your employer offers this benefit, you and your eligible family members can enroll for coverage.* You just need to enroll during your Enrollment Period and be actively working for coverage to be effective.

* Eligible Family Members means all persons eligible for coverage as defined in the Certificate.

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Fewest Complaints : Pacific Life Insurance

  • AM Best Rating:AM Best is a credit rating agency that assigns insurance companies a letter grade from A++ to F. A companys grade indicates its ability to pay its claims and honor its financial obligations.A+
  • Accepts Credit Cards:No
  • No-med-exam life insurance with up to $5 million in coverage

  • High issue ages for no-med-exam coverage

  • Outstanding customer satisfaction

  • Quotes unavailable on the website

  • Cant apply without an agent

Pacific Life leads the pack when it comes to the fewest complaints received relative to company size over a three year period. In fact, of the 91 insurers we reviewed, only two other companies received fewer . Pacific Life also comes in fourth out of 21 companies in J.D. Powers customer satisfaction survey.

The company offers coverage up to $5 million without a medical exam to applicants up to 50 years old, and $3 million to applicants up to 60. Many companies that offer no-med-exam coverage to 60 year olds do not offer as much as $3 million. And aside from Penn Mutuals $7.5 million coverage cap, $5 million is the highest amount weve seen for any age group.

We also like that you can find a wealth of policy-specific information on Pacific Lifes website. Youll see policy names, coverage details, and whether theyre available in your state. This level of transparency is uncommon in the life insurance industry. Pacific Life also has affordable term insurance, especially for applicants in their 40s and younger.

Metropolitan Life Insurance Company

Death Benefit Maximum: $100,000

Available Duration :

Additional Benefits: There are minimal health questions to apply, although they are broad in nature. With the accidental death benefit, the total death benefit could pay out twice as much.

MetLifes Simplified Issue Term is renewable up to 90.

Other Notes: This no exam option is issued same day if approved, one of the fastest carriers in the no exam life insurance market. Issue age goes up to 70, which is 5 years more than most other carriers for this type of insurance.

Prices rise in age bands.*

See our full review of MetLife.

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When Would I Need To Complete A Statement Of Health

Several situations may call for you to fill out an SOH. A few examples include, but are not limited to:

  • Requesting an amount of coverage that exceeds a specified threshold set by your employer
  • Enrolling after an enrollment period closes, perhaps because youre adding a dependent
  • Reconsidering your choices after waiving all or part of your employer-paid insurance
  • You were hospitalized in the last 90 days
  • Salary increase that puts you over the MEOI level
  • You are actively-at-work but not currently enrolled in the plan and experience a Qualifying Life Event you must submit a statement of health in order to enroll for any amount of coverage
  • Where applicable, you previously waived all or part of contributory or non-contributory insurance and now wish to be insured for all or part of the amounts previously waived

Best For High Coverage: Penn Mutual

Term Life Insurance With No Physical Exam
  • AM Best Rating:AM Best is a credit rating agency that assigns insurance companies a letter grade from A++ to F. A companys grade indicates its ability to pay its claims and honor its financial obligations.A+
  • Accepts Credit Cards:Yes
  • No-med-exam life insurance with up to $7.5 million in coverage

  • No-med-exam life insurance available to 64-year-olds

  • Strong dividend-paying history

  • Very few customer complaints relative to its size

  • Online applications not available

  • Quotes not available on website

Penn Mutual takes the cake when it comes to high-coverage and high-issue-age no-medical-exam life insurance. The company offers up to $7.5 million in coverage to applicants as old as 64. Of the 91 life insurance carriers we reviewed, no other offered this much coverage without an exam. Nor did any other company offer no-medical-exam life insurance over $1 million to 64 year olds without receipt of recent lab work and an attending physicians statement .

Penn Mutual pays dividends on eligible policies and has done every year so for the past 174 years, which is one reason it made our list of best whole life insurance companies. Plus, the company offers very well-priced term policies for a range of age groups and has a very low incidence of customer complaints, given its size, according to the NAIC.

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Guaranteed Issue Life Insurance

Guaranteed issue life insurance is permanent coverage that’s best for people between the ages of 45 and 80 and those who cant qualify for a standard life insurance policy due to a serious medical condition or terminal illness. Unlike term or whole life insurance, the application for guaranteed issue life insurance doesnt involve health questions or a medical exam.

How Does The No

During the initial phone interview, the agent working on your application will tell you if your age and health make you eligible to apply for no-medical-exam rates, and what policy options youll have depending on your specific coverage needs. You’ll answer the insurance company’s questions and, if youre eligible for no-med insurance, you can have an application decision in as little as a few days.

The best way to know if youre eligible for no-medical-exam life insurance coverage and get the best pricing and most accurate information available across multiple insurance companies is to work with an independent broker. At Policygenius, our brokers are licensed in all 50 states and can walk you through the entire life insurance buying process while offering transparent, unbiased advice tailored to your personal situation.

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Metlife Customer Reviews And Complaints

MetLife has an A+, or Superior, financial strength rating from A.M. Best and receives a proportionately low number of negative reviews as compared to the amount of business they write. The majority of customer reviews for their life insurance products are positive, featuring that its a smooth and easy process to purchase coverage. However, the company does receive some poor life insurance company ratings as well, primarily around challenges contacting and interacting with their claims department.

What Happens If Im Declined For This Coverage

Life Insurance Exam Review Pt. 2 Issuing policies, Uses of Life Insurance, Calculating Coverage

If your SOH is declined, it will not affect any coverage already in existence or any amount of pending coverage below your plans MEOI level. However, you will not be issued the additional amount of coverage you requested that was subject to the SOH. You can dispute a declination subject to the terms identified in the declination letter. You must include medical documentation to support the reason for the dispute.

Completing a Statement of Health for life and/or disability coverage may entail filling out paper applications, going online to your enrollment portal, or engaging via email. Check with your employer/benefits administrator about how to submit your SOH.

If youre a MetLife group customer, please call 1-800-638-6420 to talk with a specialist about your SOH. For technical assistance regarding online access and completion, please call 1-877-9METWEB .

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Types Of No Medical Exam Life Insurance

The following types of no-hassle life insurance without a medical exam allow you to apply for coverage quickly:

  • Simplified issue life insurance: Best if you’re young and in good health but want life insurance with no waiting period, this type of policy allows you to skip the medical exam if you’re willing to answer health questions and share your medical and pharmaceutical records. Your premium will be more expensive than a typical life insurance policy, but coverage will be available for longer than with a short-term policy.
  • Guaranteed issue life insurance: If you have health issues that have caused life insurers to reject your applications, guaranteed issue life insurance can be a way to get coverage without bringing your health into question at all. You’ll still need to meet age restrictions, and your coverage may be significantly more expensive and limited.
  • Employer-sponsored life insurance: If you have access to a group life insurance plan through your employer’s benefits package, it’s likely highly affordable and doesn’t require a medical exam. Coverage will be set at a percentage of or 1-2 times your salary potentially not as limited as guaranteed issue life insurance coverage. Note that these policies may only stay active while you’re still with the employer and typically only offer limited coverage amounts that you may want to supplement with another policy. Learn more about supplemental life insurance policies.

Can I Enroll In These Insurance Plans Without Having To Take A Medical Exam

Yes. These coverages are guaranteed issue, which means your acceptance is guaranteed, regardless of your health.* You just need to be actively at work for your coverage to be effective. There are no medical exams to take and no health questions to answer.

* Coverage is guaranteed provided the employee is actively at work and dependents to be covered are not subject to medical restrictions as set forth on the enrollment form and in the Certificate. Some states require the insured to have medical coverage. Additional restrictions may apply to dependents serving in the armed forces or living overseas.

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