No medical exam life insurance for diabetics is not only available, but it can also be very affordable.
As a general rule, anytime you buy no medical exam life insurance, you’ll almost always pay more than you would by applying to the best diabetic life insurance companies that do require an exam.
I have seen some recent cases where the best no medical exam life insurance for diabetics offers have been close in cost to the best offers from companies that do require an exam, which was not the case even a few years ago. If you don’t like the idea of an insurance examiner coming to your home, you don’t like needles, you don’t like being weighed, or if you have “white coat syndrome,” then getting life insurance with no exam may be the best option for you.
The best diabetes life insurance company that doesn’t require a blood test or insurance exam will offer you a maximum amount of life insurance of $350,000 currently. The minimum amount of term that you can currently buy without an exam is $5,000.
Below is a list of term insurance companies that offer no medical exam life insurance for diabetics:
American National Life
American Amicable Life
National Life/Life Insurance Company of the Southwest
United Home Life
United of Omaha
You could also buy up to $400,000 of term life insurance with an oral fluid swab only, so if you don’t like needles, this may be an alternative.
There is also a bunch of final expense whole life companies that will offer diabetics life insurance without an exam, but most of these only offer amounts of $50,000, $25,000, or less.
Below is a list of final expense whole life insurance companies that offer diabetics life insurance without an exam:
American Amicable Life
American Memorial Life
Equitable Life & Casualty
Madison National Life
Mutual of Omaha
Royal Neighbors of America
United Heritage Life
United Home Life
5 Star Life
If you are diabetic and want life insurance without an exam, you will still be required to answer health questions on an application. All of the best no exam insurance companies will also do a pharmacy records database search, an MIB insurance history report, and they’ll get a DMV driving history report. Some of the insurance companies above will also request medical records from your doctor if they feel it’s necessary.
Think twice if your only goal by not having an insurance exam is to hide something from the insurance companies, as they have many ways of finding out about your specific history.
Even if you sneak something by during underwriting and get approved for the life insurance, the insurance companies can try to contest your death claim if you die in the first two years after the policy was taken out. All of the diabetic life insurance companies would review your medical records with a “fine tooth comb” after death if you die within 24 months of the policy being placed. Honesty is definitely the best policy to make sure your beneficiary gets the life insurance that they’ll need.
As with the “exam required” insurance companies, the best no exam diabetic life insurance companies are also concerned with your age of diabetes diagnosis, degree of diabetic control, any diabetic complications you have in addition to your overall health otherwise.
If you need life insurance, have diabetes, and do not want to have an insurance exam, one of the insurance companies listed above may be best for you.
If I can help you with your no exam diabetes life insurance need, please feel free to call me at 1-800-380-3533 and ask for G3, make a quote request using link below to get the most accurate quote possible, or email me at [email protected].
Since 1992, Gordon E. Conwell, III (G3) has helped thousands of ”higher risk” individuals get the best life insurance rate/value. Being a high risk himself, he knows the struggles you’ll face trying to get affordable life insurance. His unique shopping process and underwriting knowledge will result in the best offers, every time!