no exam life insurance whether temporary (term life) or permanent (whole life), is considerably more expensive than your average life insurance plan. This is because skipping the medical test means the insurer has no clue about your state of health. This can be very risky for them so in order to compensate for this risk no-exam life insurance premiums are higher.
However, for certain people (i.e. diabetics) this may be advantageous. Compared to the rates they would get had they taken a medical/physical exam they could end up saving more money by going with no exam life insurance coverage. In fact, a no exam life insurance may be the only choice for some people. In this case, a no exam whole life insurance policy makes very good sense.
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