 TITLE: What Is No-Exam Life Insurance? CONTENT: No-exam life insurance generally comes in two forms: simplified issue and guaranteed issue. Normally, you can expect coverage amounts of $25,000 to $1 million for a no-exam policy.\nTo qualify for a simplified issue policy, you'll answer questions about your current health, your medical history and your family medical history. An insurer will also want to review your medical records; however, you won't be required to get a medical exam.\nSimplified issue coverage may be a term life policy or a permanent life policy, with coverage often limited to anywhere from $25,000 to $300,000.\nGuaranteed issue life insurance also requires no medical exam. To qualify for this coverage, you'll answer some questions about your health and your medical history.\nPremiums for this coverage typically are higher than for simplified issue coverage. Furthermore, the death benefit may be under $25,000, and the amount of the benefit may be reduced if you pass away within two or three years of the policy being issued.\nAside from simplified issue and guaranteed issue policies, there's \"instant approval\" coverage. A number of online insurers provide instant approval of no-exam coverage based on answering questions online about your health, family medical history and lifestyle. They also consider your credit history (where allowed), driving history and other non-medical information.\nKeep in mind that you might not qualify for no-exam life insurance if you're older than 60 or 70, depending on the insurer. END