Skip to main content

Your web browser is out-of-date. For the best experience, please update to a modern browser like Chrome, Edge, Safari or Mozilla Firefox.

Insights & advice

What is no medical exam life insurance?

April 2023 – 15 min read

Key takeaways

  • No medical exam life insurance doesn’t require a medical exam

  • It can be a good option for people who may not qualify with a medical exam

  • If you’re young and healthy, life insurance with a medical exam may be the better option

Share on

What is no medical exam life insurance?

No medical life exam insurance is exactly what the name implies: It’s life insurance where you don’t have to undergo a medical exam to get coverage.

Why do some life insurance policies require a medical exam?

Medical exams help insurance companies manage the risk of insuring someone. A medical exam gives them a full picture of your overall health, which means they’re able to make a more accurate assessment of how “risky” you are to insure.  

What are the benefits of a no medical exam life insurance policy?

The biggest advantage is that you don’t have to deal with the hassle (and sometimes needles!) of a medical exam. This can also mean that approval times for coverage are quick and can even be instant in certain situations.

Are there any disadvantages to a no medical exam life insurance policy?

Because these policies aren’t based on specific risk profiles, premiums might be higher and coverage limits lower than in some situations than you’d pay for a life insurance policy that requires a medical exam. For instance, if you’re young, healthy and don’t work in a high-risk job, you might get a better deal – lower premiums and more coverage – by looking into a life insurance policy with a medical exam.

  • No medical exam doesn’t mean “no questions asked”

    While you don’t have to undergo a full medical exam with blood samples and a complete physical, most life insurance policies will ask you questions about your health. This helps make sure you don’t have certain pre-existing conditions that would make you ineligible for coverage, and can also determine your premium cost.

Who should consider a no medical exam life insurance policy?

You might consider a no medical exam life insurance policy if:  

    • You have severe anxiety around medicalized situations, like a phobia of needles 
    • You have certain pre-existing health conditions
    • You’re older when you’re applying for life insurance  
    • You work in a high-risk job, or have high-risk hobbies like skydiving

The information provided is based on current laws, regulations and other rules applicable to Canadian residents. It is accurate to the best of our knowledge as of the date of publication. Rules and their interpretation may change, affecting the accuracy of the information. The information provided is general in nature and should not be relied upon as a substitute for advice in any specific situation. For specific situations, advice should be obtained from the appropriate legal, accounting, tax or other professional advisors. Full details of coverage, including limitations and exclusions that apply, are set out in the certificate of insurance provided on enrollment policy of insurance. 

Share on