Companies issuing such policies have decided to offer the option of no exam insurance to those people who prefer not to have a medical exam but still opt for a term insurance policy. The company will in this case slightly lower the coverage of the holder 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. Since no medical exam is required, the insurance company is also taking a greater risk, so the premiums of such policies might be higher as well. You can find companies specializing in no medical exam policies online.

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