No Exam Burial Insurance Options
There are two types of no exam burial policies:
- Simplified issue: There is no medical exam, but there are health questions to answer. Your eligibility and price depend on your prior health history. If approved, there is no waiting period, meaning you would be fully covered for natural or accidental death once your policy starts. Also, simplified issue policies have the lowest cost because the insurance company knows there is a high chance you won’t die soon.
- Guaranteed acceptance: There is no medical exam or health questions to answer. Your approval is guaranteed regardless of your pre-existing conditions. However, guaranteed issue final expense policies come with two significant drawbacks. First, they always have a two-year waiting period. Non-accidental death during the waiting period will only result in a refund of your premiums. You would have to live for more than two years before the insurance company would be willing to pay out the full death benefit. Secondly, these plans are typically the most expensive option. Because the insurance company knows nothing about your health, they must charge a higher price, given the increased risk.
Generally, most people can qualify for a simplified issue policy with no waiting period unless they have dire medical conditions such as dementia or a terminal illness.
Best No Exam Burial Insurance Companies
Dozens of funeral insurance companies offer no exam policies. There is no way to single out just one as the best option for every person. That’s because they all differ in price, coverage limits, terms, and conditions.
You must compare multiple providers side by side to find the best policy.
Choice Mutual’s ratings are determined by a review formula that weights the following four factors to determine a score between 0 and 5:
| Factor | Score Value |
| Price of Coverage |
40%
|
| No-Waiting-Period CoverageNo Waiting Period |
20%
|
| Financial Strength |
20%
|
| NAIC Complaint Index |
20%
|
| Overall Maximum |
100%
|
Our ratings are tested with scoring model 1.1, a review formula that ensures consistency and accuracy in our assessments.
- $10K Policy Cost $41.01/month*
- New Applicant Ages 45-85
- Death Benefit Options $2,000-$50,000
- 2-Year Waiting Period No
Choice Mutual’s ratings are determined by a review formula that weights the following four factors to determine a score between 0 and 5:
| Factor | Score Value |
| Price of Coverage |
40%
|
| No-Waiting-Period CoverageNo Waiting Period |
20%
|
| Financial Strength |
20%
|
| NAIC Complaint Index |
20%
|
| Overall Maximum |
100%
|
Our ratings are tested with scoring model 1.1, a review formula that ensures consistency and accuracy in our assessments.
- $10K Policy Cost $55.00/month*
- New Applicant Ages 45-85
- Death Benefit Options $3,000-$25,000
- 2-Year Waiting Period Yes
Choice Mutual’s ratings are determined by a review formula that weights the following four factors to determine a score between 0 and 5:
| Factor | Score Value |
| Price of Coverage |
40%
|
| No-Waiting-Period CoverageNo Waiting Period |
20%
|
| Financial Strength |
20%
|
| NAIC Complaint Index |
20%
|
| Overall Maximum |
100%
|
Our ratings are tested with scoring model 1.1, a review formula that ensures consistency and accuracy in our assessments.
- $10K Policy Cost $47.60/month*
- New Applicant Ages 40-89
- Death Benefit Options $2,000-$50,000
- 2-Year Waiting Period No
How Much Does Final Expense Life Insurance With No Exam Cost?
The median cost of a no-exam final expense policy is $50-$100 monthly for a $10,000 death benefit. Your exact price will depend on various factors and the type of policy you seek. The pricing factors for each policy type are listed below.
- Simplified issue: Age, gender, state of residence, health, tobacco usage (if any), and how much coverage you choose.
- Guaranteed issue: Age, gender, state of residence, and the coverage amount.
What’s The Difference Between “No Medical Exam” And “No Health Questions”?
Any time you see a company promote a life insurance product with only the words “no-exam,” they are offering a simplified issue policy. There is no medical exam, but there are health questions.
Your acceptance is not guaranteed. Your eligibility would be based on your prior medical history.
Conversely, if you see a company advertise a plan with “no health questions,” your acceptance is guaranteed. There is no medical exam or health questionnaire to complete.
Policies with no health questions always (no exceptions) have a two-year waiting period. The insurer will only refund your money if you die during the waiting period.
One common final expense scam is that a company will make you believe they have a policy with no health questions and no waiting period. They are hoping you’ll never read the policy to discover the truth.
Don’t let yourself fall victim to a scamming agent. You must answer health questions to get burial insurance with no waiting period.
Frequently Asked Questions
Burial insurance, commonly known as final expense or funeral insurance, is a type of whole life policy typically meant to cover end-of-life expenses. It’s still life insurance, meaning your beneficiaries will get a tax-free cash payout when you die.
Because insurance companies know these plans are usually for funeral costs, they pay out quickly, within 24-48 hours, once they have the necessary documentation.
The proceeds your loved ones receive can be spent on anything, including cremation costs, burial expenses, funeral services, debts, medical bills, or anything else. Any leftover funds are theirs to keep and use as they see fit.
Final expense insurance never requires a medical exam. Some policies have health questions, and some do not. Regardless of which one you choose, no exam will be required.
Some burial insurance policies have a waiting period, and some don’t. In short, any policy with no health questions and guaranteed approval will always have a two-year waiting period before you’re covered for natural causes of death. To get burial insurance with no waiting period, you don’t have to take a medical exam, but you’ll have to answer questions about health.
Guaranteed acceptance life insurance with no waiting period does not exist. If you buy a policy with no health questions, there will always be a two-year waiting period. The insurance company will only refund your premiums if you die during the waiting period. To get life or burial insurance with no waiting period, you don’t have to undergo a medical exam, but you must complete a questionnaire about your health.
