What type of life insurance does NOT require a medical examination?

Guaranteed issue life insurance is a type of policy that does not require a medical examination. This type of insurance is designed to provide coverage to individuals regardless of their health status or medical history. As a result, applicants cannot be turned down for coverage, making it an attractive option for those who may have difficulty obtaining life insurance due to pre-existing conditions or other health-related issues.

Typically, guaranteed issue policies may come with limited coverage amounts and may also include waiting periods before full benefits are payable. This approach aims to cater to a specific market segment, such as older individuals or those with significant health challenges, while ensuring accessibility to life insurance.

In contrast, other types of life insurance, such as term life, universal life, and whole life insurance, generally require medical underwriting, which may involve medical exams or health questionnaires to assess the applicant's risk before issuing a policy. These evaluations help insurance companies determine the policy premiums and the terms of coverage based on the insured's overall health and life expectancy.