Mutual of Omaha No Medical Exam Life Insurance
Term Life Answers required a medical exam, however you can also apply for Term Life Express which does not require a medical exam.
A No Exam life insurance option is the basic and convenient life insurance choice. Mutual of Omaha offers a fast and simple way to purchase life insurance because a medical exam isn’t required. Much like other businesses providing life insurance – the Term Life Express offered by Mutual of Omaha has multiple terms to choose from.
Term Life Express – No Exam Policy
Term Life Express offers terms as long as 15, 20, or 30 years that come with a $50,000 minimum death benefit that can go as high as $400,000.
Coverage offered with Term Life Express can be ideal for long-term financial needs. There is a variety of features that come with Term Life Express, such as the accelerated death benefit, which allows you to use up to 92% of your death benefit if you are terminally ill and not expected to live longer than 2 years.
This is an outstanding benefit that several insurance companies don’t provide in their policies.
Long-term care and medical bills can get quite costly, and families can end up owing thousands of dollars to treat someone who is terminally ill. With this rider, you’ll be able to capitalize on your life insurance policy when you need it most.
Alternatively, you can opt for the residential damage rider, which dismisses your monthly premiums for half a year if your home endures over $25,000 in damages.
Not everyone is suited for Term Life Express, even though it’s offered for consumers between the ages of 18 and 65.
Becoming accepted will be contingent on the health qualification questions.
Since the Express option doesn’t require a medical exam, anticipate paying more.
No Exam life insurance typically is more expensive than a fully underwritten policy.
Be mindful that the maximum coverage is $400,000, and the express can’t be converted to permanent coverage.