Which type of life insurance requires no medical exam for issuance?

Simplified issue life insurance is designed to provide coverage without the requirement of a medical examination. This type of policy typically involves a straightforward application process that may include a short health questionnaire. The lack of a medical exam makes it particularly appealing for individuals who may have health concerns or those who prefer a quicker and more accessible way to obtain life insurance.

This option allows insurers to offer coverage with relatively minimal underwriting, which can benefit those looking for immediate coverage or those who might find it challenging to qualify for other types of life insurance that have stricter underwriting standards.

In contrast, whole life insurance often involves more comprehensive assessments and possibly a medical exam to determine the applicant's overall health and risk profile. Term life insurance typically requires a medical exam as well, particularly if the coverage amount is substantial. Survivorship life insurance may also involve detailed assessments since these policies are usually issued for two lives and are thus evaluated with additional underwriting care.