Reader question:

What is the cost of no exam life insurance policy?

Jesse

I’m glad you asked, Jesse.

The cost of a no exam life insurance policy is usually extremely low. It costs you more to go out and eat for one night than to pay for one of these car insurance policies a month. But while that’s kind of tempting for cheap skates like myself, you still have to be careful, because 90% of the time, no exam policies aren’t what they make themselves out to be.

Think about it. Most life insurance policies will determine whether or not to accept you and how much you pay based on your risk. That’s how they make money. But the cost of no exam life insurance policy is low even for high risk people.

These companies mostly only insure people who are high risk, and they do it for cheap prices. You can’t make money that way, because they would be having to pay out on the policies far too often, because their customers would constantly be dropping like flies.

What they really do is charge you more than you advertise, and probably more than you really have to pay. Even if you have bad health, you can probably get a lower price than the cost of a no exam life insurance policy. Just give the health exam a try, and THEN make your decision.

take care,

Fashun.