Life insurance can benefit you at any stage of your adult life. If you’re a millennial—the generation born between 1981 and 1996—purchasing life insurance can be an important step toward establishing financial security and protecting your assets. However, you may have concerns about the medical exam process, which can be time-consuming and may delay the approval of your policy. But did you know you can skip the process with no medical exam life insurance?
No exam life insurance, also called instant coverage life insurance, lets you apply for a term life insurance policy without a medical exam. This can be a great option for young adults looking to protect themselves and their loved ones without dealing with the extra steps of the medical exam process.
Why No Medical Exam Life Insurance Makes Sense for Millennials
Life insurance can provide much-needed peace of mind and financial security as you navigate life changes and growing responsibilities. If you’re a millennial considering purchasing life insurance, no medical exam life insurance can give you the protection you want without sacrificing convenience or coverage. Some of the benefits of shopping for no exam life insurance with SelectQuote include:
Instant coverage. You can be approved and have active coverage in less than an hour.
Online application process. No need for paperwork—you can apply from anywhere.
Affordable premiums. Typically, the younger you are, the better your rates, SelectQuote offers competitive coverage with up to $5 million in benefits.
If you’re looking to save time, skip the paperwork, and find affordable rates, no medical exam life insurance may be a great fit for you.
Other Types of Life Insurance for Millennials
Like everyone else, millennials each have unique needs and priorities when shopping for life insurance. If no medical exam insurance isn’t the right fit, there are several other life insurance options that can meet your needs.
Traditional term life insurance provides coverage for a specific length of time, typically a 10-, 15-, 20-, 25- or 30-year term. Term policies require a medical exam, but they may allow for higher coverage amounts.
Permanent life insurance is designed to last for your whole life and doesn’t have a pre-set expiration date. This type of coverage has a cash value component, which can be a good option if you’re looking for an investment tool for the future or if you want to enhance your retirement fund.
Final expense insurance covers the necessities of a burial or funeral in the event of your death. This can be a good option for young adults who don’t have any debt but don’t want to leave their loved ones with end-of-life costs.
Are you a millennial looking for life insurance? Let SelectQuote help make the process as hassle-free as possible.
Purchasing life insurance as a young adult is a great step toward long-term financial security for your loved ones. It’s also more convenient when you leverage SelectQuote’s hassle-free no medical exam life insurance.
We know you’re busy and don’t have time to spend hours shopping for life insurance, so let SelectQuote find the right policy that works for you. We can search dozens of carriers at once, finding the best policy to suit your needs in just minutes.
