No Medical Exam Life Insurance

When you applying for life insurance usually you required to take a simple medical exam. If you don't wish to go through the inconvenience of medical tests or you want to get life insurance fast you can opt for a life insurance with no medical exam.

Life Insurance No Medical Exam

For comprehensive life insurance cover most companies in Australia do not offer life insurance without a medical exam. This is because a medical test validates a person's health condition and safeguards the interests of the insurance company. A typical medical examination involves:

  • Blood test
  • Urine test
  • Blood pressure reading
  • Height and weight measurement
  • Series of questions related to your medical history

These medical tests are designed to identify certain medical conditions which can affect the morbidity and mortality of the person buying the policy.

However, some people find such medical exams inconvenient and strongly dislike going through them. Such people have the option of buying a life insurance no medical exam policy instead.

Life Insurance No Medical Exam - Benefits

A life insurance no medical exam policy has the following benefits:

  • One can buy this life insurance without having to go through an annoying medical exam.
  • This life insurance involves a simpler, less time consuming process. It's usually instant and can be arranged over the phone.
  • There is no need to visit a doctor or wait for a mobile nurse at home.

Life Insurance No Medical Exam - Disadvantages

A life insurance no medical exam policy has the following disadvantages:

  • Typically the sum insured is lower for policies without medical tests than it is for policies with medical evaluation.
  • Life Insurance rates applied to policies without medical tests are higher than they are for policies with medical evaluation.
  • The breadth of cover may be lower than insurance with a medical exam e.g. you may only be able to get life insurance and not TPD, Trauma or DI

Are you eligible for life insurance without medical exam?

Please contact us on 1300 793 143 or fill out the form on this page and our consultants will be able to compare 12 life insurance companies to see if you are eligible for a no medical exam life insurance policy.

Related Topics:
Damon Rasheed is the CEO of Rate Detective, an Australian financial service comparison sites specialising in Life Insurance, Income Protection Insurance and home loans. Damon holds a Master's Degree in Economics from the University of Melbourne and has been involved in many start-up internet businesses.

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