If you are looking to get life insurance and want to skip the medical exam, American National Insurance Company (ANICO) is our best no medical exam life insurance company. Founded in 1905, ANICO is headquartered in Galveston, Texas. The company is licensed to sell insurance products in 49 states and Puerto Rico with the exception of New York. Business is conducted in New York by American National Life Insurance Company of New York located in Glenmont, NY. ANICO NY is one of the few companies offering no exam life insurance in NY.
ANICO is a very financially stable insurance company. It was given an A rating (Secure/Excellent) from A.M. Best and an A rating (Strong) from Standard and Poors. ANICO has a long history of claims paying ability, financial strength and has a positive outlook for stability in the future. The consistent financial strength of this company makes our list of Best Life Insurance Companies.
American National No Medical Exam Life Insurance
If you’re under age 65, ANICO offers “underwriting express” for term life insurance. Applications can be approved in as little as 5 days. Coverage amounts for term insurance start at $25,000 up to $250,000 for a no exam policy.
Whole life insurance amounts are available from $2,500 to $150,000 without an exam. But if you want more coverage for term or whole life, the exam is a must. Skipping the medical exam also doesn’t mean you’ll be automatically approved, there is still a health questionnaire to complete.
If you are going the no exam route, most people will automatically get standard rates. Other underwriting categories are: Standard Tobacco, Standard Non-Tobacco, and Substandard. If you have preexisting health conditions such as diabetes or if you smoke, you can still get approved but with substandard rates and of course higher premiums.
Applicants that are in excellent health, may want to consider taking the medical exam to qualify for the top Preferred rates and best pricing.
For those who are between age 50 and 80 and can’t qualify for a fully underwritten policy due to poor health, whole life is available from $2,500 – $25,000. America National also stands out for allowing up to 100% of your death benefit to be accelerated in case of a terminal illness.
American National Life Insurance Products
Like most other insurance companies, ANICO offers a whole array of insurance products to meet the needs of just about every client.
Term life Insurance is available with various options: ART (Annual Renewable Term – premiums increase each year) 10, 15, 20 and 30 year terms. If a term product isn’t right for you, there’s also a whole life option which offers up to $150,000 of permanent coverage that you cannot outlive. Additional products include: Universal Life, Guaranteed Universal Life and Indexed Universal Life.
No Medical Exam Life Insurance in New York
It’s worth mentioning that if you have been trying to find a no exam life insurance policy in New York, you probably know by now, it’s not an easy task. ANICO NY is one of the few companies that offers no exam policies and is licensed to do business in New York.
If you would like to discuss your no medical exam life insurance options, call us at 914-633-1717. We’ll provide you with more than one quote and explain your options. We look forward to working with you and helping you get the best coverage possible.