What Health Questions Are Asked for a No Exam Life Insurance?
"No exam" life insurance involves policies that can be purchased without the need for a medical examination before approval. This is in contrast to other policies that require an exam to inform the insurance provider of any medical conditions present in the applicant. To apply for no-exam life insurance, you must still answer questions -- some of them about your medical history.
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Gender and Age
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The first health-related questions you must answer to receive a no-exam life insurance quote are about your gender and age. Because women are likely to live longer than men, your gender will help determine the starting rate you pay for your insurance. Your age also factors into your rate, as a person over 65 will have a higher payment for $100,000 of coverage, for example, than someone under 40, as the older person is considered a higher risk.
Lifestyle
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Additional questions for a no-exam life Insurance quote involve your lifestyle. You will be asked if you smoke, as well as if you participate in any high-risk activities such as rock climbing or skydiving. These questions are meant to inform the insurance provider of any risk you have of suffering an unnatural or sudden death. You must answer these questions truthfully -- your coverage may be dropped if you are found to be a smoker after applying for insurance as a non-smoker.
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Existing Conditions
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Even though no medical exam is required, you will still be asked about your medical history. While a detailed summary isn't needed, you will be asked about any medical conditions you have and if you are taking any medications beyond over-the-counter drugs. Again, you must answer these questions truthfully. Examples of existing conditions you will be asked to list include HIV or AIDS, the need for a wheelchair, and drug addiction or alcoholism.
Past Treatment
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Along with current conditions, you will be asked if you have received treatment in the past for conditions such as cancer, coronary disease or mental disorders, among others. Even if you have since received a clean bill of health from your doctor, the insurance company will still need to know about past conditions.
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