Pacific Life No Medical Exam Life Insurance Requirements
Posted in Underwriting last updated on June 5, 2024Pacific Life Insurance Company is one of the oldest, largest and best life insurance companies in the nation. Now in 2024, Pacific Life has one of the best, if not the absolute best no medical exam life insurance underwriting guidlines requirements in the county. Below we'll show why Pacific Life is our go to company for the majority of applicants looking for a no medical exam life insurance application and policy.
Pacific Life Has The Best No-Exam Life Insurance Underwriting Requirements in the U.S. - Take a Look Why and See The True Pro's & Cons
Pacific Life Insurance Company has the best no medical exam life insurance policy in the country for several key reasons:
Steps to Apply, Activate & Manage Your Pacific Life No-Exam Life Insurance Policy
Receive a Quote & Apply
The first step when inquiring about Pacific Life's no-exam life insurance policy to recieve a quote. Pacific Life does not use a direct distribution model, which means you will need to receive a quote from a licensed agent appointed with Pacific Life. If you like the quote and would like to apply you will then complete an application by providing your basic information either by phone or email with your licensesd agent.
AboutMe Health History Questionnaire
The second step when applying for Pacific Life's no-exam life insurance policy is to complete their AboutMe health questionnaire. An email from Pacific Life will be sent to you to complete. This is basically just asking you about your health, family and lifestyle history.
Accelerated: No-Exam, No Medical Records Underwriting
Applicants between the ages 18-60 applying for $3 million or less of term life insurance at the Standard (average) health class or better will be evaluated to see if they qualify for immediate coverage of if medical records will be ordered before a final decision is made. If no medical exam or medical records are needed, approval can be as quick as 48 hours to a week or less.
Modified: No-Exam Underwriting
Applicants between the ages 18-70 can secure up to $3 million in term coverage or up to $2 million in permanent coverage (guarantee universal life) for all health classes without a medical exam as long as a physical with labs was completed in the last 12 months. Medical records will be ordered and the final rate class will be determined at that time. Approval time typically 2-8 weeks, just depending on how long it takes the physicians to send back the records to Pacific Life.
e-Delivery of Policy with e-Signature
Once approved and accept the policy, e-sign and make the first payment. For recurring monthly payments EFT information will be required.
Online & Phone Policy Management
Manage your policy online or by phone. Log into your Pacific Life account on their website or call (800) 800-7646 to make payments, update beneficiary information, update address or any other account management. Your beneficiary can also start the claim process online or by phone.
Age | $500k | $1 million | $2 million | $3 million |
|---|---|---|---|---|
35 | $20 month | $33 month | $61 month | $87 month |
45 | $45 month | $84 month | $164 month | $242 month |
55 | $113 month | $217 month | $429 month | $640 month |
65 | $382 month | $738 month | $1,472 month | $2,201 month |
Sample rates are for Pacific Life’s no-exam term life insurance policy for $500k to $3 million for ages 35 to 65 years old. Rates for a 20-year level term for a male in excellent health, D.O.B. April 1st.
Pacific Life No-Exam Life Insurance Resource Center (20 FAQ):
Our Pacific Life no-exam life insurance policy resource center will answer your top 20 questions.
How much term life insurance does Pacific Life Insurance offer without a medical exam?
Pacific Life Insurance Company offers $50k to $3 million of term life insurance without a medical exam.
How much permanent (guarantee universal life) insurance does Pacific Life offer without a medical exam?
Pacific Life offers $25k to $2 million permanent life insurance without a medical exam.
Has Pacific Life Insurance Company ever failed to pay a valid claim?
No, Pacific Life has never failed to pay a valid claim. Pacific Life is a very highly rated life insurance company that has to adhere to the laws and regulations for each state and their insurance commissioner. Pacific Life have been in business for more than 150 years and have paid out all valid claims.
How long has Pacific Life Insurance Company been in business?
Pacific Life Insurance Company was founded in 1868 in California where their headquarters has remained for more than 156 years.
How is Pacific Life Insurance financially rated?
Pacific Life Insurance Company is A+ (Superior) rated by A.M. Best, AA- by S&P, AA- Fitch and 95 Comdex ranking.
Is Pacific Life a publicly traded company?
No, Pacific Life is a mutual holding company which allows them to make the best decisions for their policy holders and is why they don't sell their life insurance policies. Pacific Life does not have public stock holders to adhere to.
Is Pacific Life a good life insurance company?
Yes, Pacific Life is one of the oldest, largest, highest rated and best life insurance companies in America dating back to the 1800's.
Where is the headquarters for Pacific Life?
Pacific Life has been in their current headquarters in Newport Beach, California since 1972 (52 years).
How large is Pacific Life Insurance Company?
Pacific Life has more than $1.3 trillion of life insurance in force and $217 billion in assets. They also have more than 1 million members and paid $18 billion in benefits paid in 2023 alone.
Does Pacific Life have good term life insurance rates?
Yes, Pacific Life is typically in the top 5 insurers in the country for term life insurance nationwide.
Does Pacific Life charge more for their no-exam policy?
No, Pacific Life offers the same exact rates for on their no-exam policy as for those that an exam is needed (which is often in the top 5 rate bands in the nation).
Does Pacific Life offer a conversion option on their no-exam policy?
Yes, Pacific Life offers the option to convert their no-exam term life policies to one of their universal life insurance policies without evidence of insurability before the term expires or the age of 70, whichever comes first.
Does Pacific Life offer an accelerated death benefit rider on their no-exam policy?
Yes, included at no additional cost Pacific Life offers.
Does Pacific Life have good height & weight underwriting guidelines on their no-exam policies?
Yes, Pacific Life has the most favorable height & weight (build) underwriting guidelines in the country out of any insurance company and they are the same for the applications with and without an exam.
Does seniors qualify for no-exam life insurance with Pacific Life?
Yes. 'seniors' between the ages of 50-70 years old can qualify for $3 million term life insurance or $2 million of permanent life insurance if they have had a physical with labs in the last 12 months.
Does Pacific Life offer temporary insurance for their no-exam applications?
Yes, Pacific Life offers no-cost temporary insurance during the underwriting process if payment information is provided with the application (nothing is drafted until approval). This means if you were to pass away during underwriting, Pacific Life would continue underwriting the application and pay out the fulle death benefit if you were going to be approved as applied.
Does Pacific Life offer competitive universal life insurance quotes?
Yes, Pacific Life is the largest universal life insurance company in the nation. Pacific Life is also one of the few companies that offer as low as a $25k face amount of guarantee universal life (GUL) insurance to age 121.
How can I recieve a quote for Pacific Life no-exam life insurance?
Instant Pacific Life no-exam term and permanent life insurance quotes can be calculated here.
What fixed policy durations are avaialbe from Pacific Life for their no-exam policies?
Pacific Life offers 10, 15, 20, 25 and 30 year level (fixed) options for their no-exam term life insurance policies and their no-lapse guarantee universal life insurance policy to ages: 85, 90, 95, 100, 105, 110 and 121 years old.
Where can I apply online for a Pacific Life no-exam life insurance policy?
You cannot apply for a no-exam life insurance policy with Pacific Life directly, you will need to receive quotes and apply with an appointed licensed agent with Pacific Life directly. You can do both here.
Pacific Life is A+ Superior Rated by A.M. Best.
Pacific Life no-exam policy is available for ages 18-70 up to $3 million with no-exam.
Pacific Life no-exam term policy is named: PL Promise Term. Pacific Life no-exam permanent policy is named: PL Promise GUL.
Pacific Life no-exam policies have never failed to pay a valid claim.
Pacific Life No-Exam Guide
Pacific Life is one of the only life insurance companies in America to offer up to $3 million in term life no-exam life insurance coverage at no-extra cost. They also offer an accelerated death benefit and conversion option included at no-cost (same as their fully underwritten policies) unlike many of their competitors.
