Every few days we get customers who ask about the advertisements they see where no exam is needed to obtain a term life insurance policy. Are they good policies? Inexpensive? Can I get a better deal? Why do I have to take an exam? These are all the questions we get from time to time.

Here’s the real deal: If you’re thinking about buying a term life insurance policy without taking an exam, think again. First, ask yourself why do you want to go this route? Inconvenience of taking an exam or afraid of getting stuck with a needle? Then ask yourself if you want to pay more or less for a life insurance policy? Finally, ask yourself if $250,000 would be enough to cover your entire family if you were to die (just think about how much you make and how much longer you’ll be working…I’m confident that most of you would get a total of more than $250,000.)

If the only reason why you don’t want to go through the traditional underwriting process is because you’re afraid of the exam, then let me put it into perspective for you. If you’re a healthy person, you could be paying double for one of those policies that don’t require an exam. Get a quote for yourself and then compare it to a traditionally underwritten quote.

If you have a few issues with your medical history, then this difference in cost may not be there for you. In that case, a group or no exam life insurance policy may be just fine for you.