Instant issue life insurance is available from several A+ rated life insurance companies. Most “no Physical Exam Required” policies provide the same benefits as plans that do require a medical exam.
For most people that qualify for these instant issue life insurance policies, the costs are higher then a fully underwritten life insurance policy. However, they do not require that the applicant experience an invasive medical exam that can include blood work or a trip to the cardiologist.
Instant issue life insurance policies that provide a full, immediate death benefit are still fully underwritten by the insurance company. This means that the plans pay the full amount upon death with no waiting period. It also means that reviews of your medical history, driving record, and pharmacy records are done prior to approval. The full, immediate death benefit plans therefore are not normally approved for people with serious health issues.