No Medical Exam Waiting Period

Q. Do all no medical exam life insurance companies have a 2-year waiting period?

A. While life insurance policies that do not require medical exams may cost more in terms of premium payment, these types of policies do exist. In most cases, all an applicant is required to do in order to qualify is answer several medical related questions to begin the application process.
With these policies, there are actually two different types of waiting periods – and it is important to understand which type of waiting period exists on the policy that is being applied for. These waiting periods include the following:

  • Guaranteed Issued Life Insurance Policies – These types of life insurance policies, also often referred to as graded benefit life insurance policies are typically provided to applicants who would not qualify for fully underwritten life insurance coverage, such as a senior adult looking for life insurance and has severe health issues. In nearly all cases for these plans, no benefits will be paid out if the insured passes away within the first two years of the coverage being issued. In this instance, however, the policy’s premiums will be repaid, oftentimes even with interest.
  • Suicide and Contestability Waiting Period with Simplified Life Insurance Policies – Life insurance policies also have two year waiting periods whereby information that is on the application may be further investigated. In addition, during that two-year time frame, the insurer may also investigate the cause of death of the insured if there is a claim that is filed by the beneficiary, and the claim may be contested by the insurance company during this two year time period. In addition, the life insurer also has the right to deny a death claim if the insured commits suicide during the first two years in which the life insurance policy is in force.
About Jack D. Davis at
About Jack D. Davis at

Jack D DavisBorn and raised in a quiet suburb of Philadelphia, PA, the youngest of nine children, son of two wonderful parents, Jack developed his work ethic early on. While attending West Chester University, he volunteered to join the US Army Reserves for a six-year enlistment. Attending college during the day, working evenings, and fulfilling his military obligation on various weekends, Jack learned the value of hard work and time management. After graduating from college (BS in Business Management), he began working as a sales representative for a Fortune 100 company and honed his marketing skills. In 1985 Jack started his financial planning career as an agent with Mutual Benefit Life.  After Mutual Benefit Life ran into financial difficulties, Jack decided to “go it alone”. His company, “Eagles Soar Enterprises, LLC.” successfully grew for almost 30 years. Jack’s skill-set is understanding and recognizing the personal needs of families and business owners. His patience in explaining the numerous options available is greatly appreciated by his clients. Jack agrees that life insurance is a difficult topic and people are rarely “excited” about discussing the subject. When Jack was 23 he witnessed firsthand how important life insurance is when he lost his Dad to cancer. Jack’s Mom used the life insurance proceeds to help minimize the financial loss.  Jack recognizes how critically important proper insurance planning is to the surviving spouse, business partner and, most importantly, the children of his clients. In his free time Jack enjoys playing tennis, horseshoes, ping pong, exercising, reading and attending Philadelphia Eagles football games. Jack has two wonderful children and currently resides in beautiful St. Petersburg, FL. Questions? Call Jack at 1.800.277.3098 or email:

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