No Medical Exam Life Insurance for Seniors in Connecticut

Why Skip the Exam?

Convenience is one reason: approval in days instead of weeks. Health is the other. If you have conditions that would lead to a decline or a steep rating with full underwriting, a no-exam product may be the only way to get covered.

How Does Guaranteed Acceptance Life Insurance Work?

Guaranteed issue policies are usually whole life, sold to people roughly 50 to 85, in amounts from a few thousand dollars to about $25,000. Because the insurer accepts everyone, it protects itself with a graded death benefit. If you die from illness during the first two or three years, your beneficiary receives what you paid in, plus interest, often around 10%. After that, the full benefit is paid.

That structure makes guaranteed issue a poor first choice for someone who could pass a simplified issue questionnaire. Try the questionnaire first.

Who Is Life Insurance With No Health Questions Best For?

• People currently in cancer treatment. See life insurance for cancer patients.
• People with a recent heart attack, stroke, organ failure or dialysis.
• People who've been declined elsewhere.
• Anyone who needs certainty of approval more than the lowest price.

Why Should You Answer Health Questions Honestly?

For the first two years, most policies are contestable: the insurer can review the application after a claim and deny it if a health answer was false. An honest application that leads to a higher price is better than a cheap policy that won't pay.

Is No-Exam Coverage Available in Connecticut?

Accelerated, simplified issue and guaranteed issue policies are all sold in Connecticut, but each insurer decides which products it files in the state. A licensed Connecticut agent can tell you which ones are available for your age and health, and can confirm the insurer is licensed here. Buying from an insurer that isn't licensed in the state removes the Insurance Department's ability to help you.