No-exam burial insurance skips the physical so seniors can get covered fast. Here is how the two no-exam options work.
How no medical exam burial insurance works
No-exam burial insurance replaces the traditional physical and bloodwork with either a short health questionnaire or no questions at all. With simplified issue, you answer a handful of yes/no health questions; if you pass, you get lower rates and full coverage from day one. With guaranteed issue, there are no health questions, so nearly everyone is accepted, but a two- to three-year graded period applies. Both skip labs entirely. Carriers verify some information through prescription and database checks rather than an exam, which is why approval can happen in days instead of weeks.
Which no-exam option is right for you?
If you are in reasonable health and can answer the questions favorably, simplified issue is the better deal: lower premiums and immediate coverage. If you have serious conditions or have been declined before, guaranteed issue guarantees acceptance despite the graded period and higher cost. Many seniors assume they need guaranteed issue when they actually qualify for cheaper simplified issue, so it pays to check both. A licensed agent at 1-800-MEDIGAP (1-800-633-4427) can run your health questions across carriers and find the best no-exam plan you qualify for.