How Does No Exam Life Insurance Work?

When you apply for life insurance, there are medical questions on the application. Your answers to these questions are used by the insurance company to assess your health and make a decision. The lab results from the health exam are also used in this process.

With a no exam policy, the insurance company checks several databases instead of looking at lab results. These are the Medical Information Bureau (MIB), your motor vehicle record (MVR), the national prescription database, and public records provided through the Fair Credit Reporting Act.

With accelerated underwriting, the insurance company looks at your answers to the health questions and the resulting checks from the various databases. They use this information to determine if you can proceed without needing to take a medical exam. There are also coverage limits that vary from company to company that will also determine when an exam is required.


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