The Rise of Non-Med Life Insurance Policies


Non-med life insurance policies have risen in popularity quite suddenly over the past few years. Back in 2010, the market for non-med insurance coverage was very small. In fact, at that time, there were only a handful of companies that were offering such policies. However, in this current fiscal year, there are more than twenty different insurance providers who have begun to offer such policies. On top of that, new companies are also introducing their version of non-med policies every few months. Non-med insurance coverage is generally preferred by those who don’t want to undergo any prior testing. When compared to traditional underwritten policies, this type of coverage is a much simpler choice.



One of the major issues that most people had when buying a non-med life insurance policy was that the premium charged by the insurance company was almost double as compared with traditional policies that required an exam. However, as competition has surged in the industry and more companies have begun to offer their own non-med policies, the prices have gone down dramatically. Experts at Simple Life Insure have forecasted that the prices of such insurance policies are only going to fall further in the near future.

Approval Delays

When shoppers would apply for non-med life insurance back in 2010, it would take at least three or four weeks on average for the person to get a response. That is not the case anymore. Whereas it would take several weeks back then, it currently takes only a few days. Approval delays have been largely reduced thanks to increased interest in such policies. As more and more people have begun to opt for such policies, companies have begun to offer a range of different incentives to insurance shoppers. If you really want to buy a decent insurance policy, there are a lot of options available to you nowadays.