A term life insurance policy with no medical exam offers the same benefits as a policy that requires a medical exam does. However, if you are suffering from any serious health problems such as cancer, AIDS, HIV, diabetes, heart disease, stroke, liver disease, mental or nervous disorders, this type of insurance is not recommended for you. If you are planning to take out a no exam life insurance policy , be aware that the laws that govern life insurance companies vary from state to state, so check with your agent or insurance provider about any restrictions applicable to such policies in relation to various health conditions in your state / locality. With such policies, the coverage of the holder is lower as compared to what he or she would have been normally covered for, if a medical exam had been conducted. The amount that your family will finally receive after your death will be thus significantly less than the death benefits from a normal policy. Be wary of this type of policy being offered by financial institutions whose primary business is not the provision of insurance services. Finally, always make sure that the insurance company has been accredited by the Better Business Bureau to ensure quality and reliability.

Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.