Getting a $1,750,000 no exam term life insurance policy might sound like a big step, but it’s more accessible and affordable than many people think. Whether you’re looking to protect your family’s financial future or cover significant expenses, understanding the cost and options available for this coverage amount is essential. In this article, we’ll dive deep into what a $1.75M no exam term life insurance policy entails, how much it costs, and which companies offer the best deals.
What Is A $1,750,000 No Exam Term Life Insurance Policy?
A $1,750,000 no exam term life insurance policy is a type of term life insurance that provides a death benefit of $1.75 million without requiring a medical exam during the application process. This means you can get coverage faster and with less hassle compared to traditional life insurance policies that require physical exams.
Term life insurance itself is designed to provide coverage for a specific period, such as 10, 20, or 30 years. If the insured passes away during this term, the beneficiary receives the death benefit. If the term expires while the insured is still alive, the coverage ends unless renewed or converted.
No exam policies rely on other underwriting methods like health questionnaires, prescription history, and motor vehicle reports to assess risk. This streamlined process allows for quicker approvals, often within minutes or days, making it an attractive option for many.
Choosing a $1.75M coverage amount is ideal for those who want substantial financial protection. It can cover mortgage balances, college tuition for children, outstanding debts, final expenses, and provide a financial cushion for loved ones.
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How Much Does A $1,750,000 No Exam Term Life Insurance Policy Cost?
The cost of a $1,750,000 no exam term life insurance policy varies based on several factors, including age, health, gender, and term length. Generally, younger and healthier applicants pay lower premiums.
For example, a healthy 30-year-old might expect to pay between $70 and $105 per month for this coverage amount. As you age, premiums increase due to higher risk. A 44-year-old man might pay more, and a 50-year-old male will see rates rise further.
Other factors like tobacco use, pre-existing health conditions, and lifestyle choices also influence the cost. No exam policies tend to be slightly more expensive than traditional policies with medical exams, but the convenience and speed often outweigh the price difference.
Term length also plays a role. A 20-year term is common, but longer terms will increase monthly premiums. It’s important to balance the term length with your financial goals and budget.
The Best $1.75M No Exam Term Life Insurance Companies At A Glance
When shopping for a $1,750,000 no exam term life insurance policy, some companies stand out for their pricing, customer service, and ease of application. Here’s a quick look at the top providers:
Ethos Life – Best Overall And Best $1.75M No Exam Term Life Insurance Company
Ethos Life is known for its user-friendly online application process and quick approvals. They offer competitive rates and flexible term options, making them a top choice for no exam policies at this coverage level.
SBLI – Cheapest Term Life Insurance Company
SBLI often provides some of the lowest premiums for term life insurance, including no exam options. Their straightforward policies and strong financial backing make them a reliable choice for budget-conscious buyers.
Mutual of Omaha – Cheapest No Exam Life Insurance Company For Ages 50+
For applicants over 50, Mutual of Omaha offers some of the most affordable no exam life insurance policies. Their experience with older clients and tailored underwriting helps keep costs down.
Nationwide – Best No Exam Life Insurance Company For Seniors 60+
Nationwide specializes in serving seniors with no exam policies that provide solid coverage and excellent customer support. Their policies often include added benefits suited for older applicants.
Transamerica – No Exam Life Insurance Company with No Waiting Period
Transamerica offers no exam policies with the advantage of no waiting period, meaning coverage starts immediately upon approval. This is ideal for those needing quick protection without delays.
1.75M Term Life Insurance Rates By Age
Understanding how age affects your premiums is crucial when considering a $1.75M term life insurance policy. Here’s a breakdown of typical monthly costs for various ages:
How Much Is a 1.75M Term Life Insurance Policy for a 30 Year Old?
A healthy 30-year-old can expect to pay between $70 and $105 per month for a $1,750,000 no exam term life insurance policy. This is one of the most affordable age groups due to lower health risks.
How Much Is a $1,750,000 No Exam Term Life Insurance Policy for a 44‑Year‑Old Man?
At age 44, premiums increase, with typical monthly costs ranging from $120 to $160 depending on health and lifestyle factors. This reflects the higher risk associated with middle age.
How Much Is a 1.75M Policy for a 50 Year Old Male?
A 50-year-old male will generally pay between $160 and $210 per month for this coverage amount. Health conditions and smoking status can significantly impact the final rate.
1.75M Life Insurance Rates By Age Chart
Below is a detailed chart showing estimated monthly premiums for a $1,750,000 no exam term life insurance policy across various ages:
| Age | Estimated Monthly Premium |
|---|---|
| 30 | $70 - $105 |
| 34 | $80 - $110 |
| 38 | $95 - $130 |
| 44 | $120 - $160 |
| 46 | $130 - $170 |
| 50 | $160 - $210 |
| 52 | $175 - $230 |
| 54 | $190 - $250 |
| 55 | $200 - $260 |
| 60 | $280 - $350 |
These estimates are for non-smokers in good health applying for a 20-year term policy. Actual rates may vary based on underwriting and company.
1.75M Life Insurance Calculator
Using a life insurance calculator can help you get a personalized estimate for your $1,750,000 no exam term life insurance policy. These tools consider your age, health, gender, and lifestyle to provide accurate quotes.
Many online platforms, including SimplyInsurance.com, offer free calculators that don’t require personal information upfront. This allows you to shop around and compare rates from multiple insurers quickly and easily.
Calculators also help you adjust coverage amounts and term lengths to find a policy that fits your budget and needs. They’re a great starting point before applying for coverage.
How To Apply For $1,750,000 In No Exam Term Life Insurance Online?
Applying for a $1,750,000 no exam term life insurance policy online is straightforward and fast. Most companies have streamlined digital applications that take just a few minutes to complete.
You’ll typically answer health questions, provide basic personal information, and consent to background checks like prescription history and motor vehicle reports. There’s no need for a physical exam, which speeds up the process.
Once submitted, many insurers use real-time underwriting to approve or deny your application almost instantly. If approved, you can select your coverage amount and pay your first premium online to activate your policy.
Online applications also allow you to avoid sales calls and agents if you prefer a hassle-free experience. However, support is available if you have questions or need assistance.
Average Costs of a 1.75M No Exam Term Life Insurance Policy
No Exam Term Life Insurance (Healthy 30 Year Old: $70–$105/mo)
For a healthy 30-year-old, no exam term life insurance policies for $1.75M coverage typically cost between $70 and $105 per month. This is one of the most affordable options for high coverage without medical exams.
No Exam Life Insurance ($105–$175/mo)
For applicants with average health or slightly older age, premiums can range from $105 to $175 per month. This reflects the increased risk and underwriting considerations.
Bitcoin Life Insurance (0.000754–0.001200 BTC ($88–$140/mo))
Bitcoin life insurance policies, which use cryptocurrency for premiums, generally cost between 0.000754 and 0.001200 BTC monthly, equivalent to about $88 to $140. These policies offer innovative payment options and coverage.
Whole Life Insurance (May Exceed $300/mo)
Whole life insurance policies with $1.75M coverage tend to be significantly more expensive, often exceeding $300 per month. These policies build cash value but come with higher premiums.
Average Cost Of A 1.75M Term Life Insurance Policy (By Health)
How Much Is A $1.75M No Exam Term Life Insurance Policy For Smokers?
Smokers typically pay 2 to 3 times more than non-smokers for the same coverage. For a $1.75M no exam term policy, monthly premiums can range from $200 to $350 or more depending on age and health.
How Much Is A $1,750,000 No Exam Term Life Insurance Policy For Obesity?
Obesity can increase premiums moderately. Expect to pay around 25% to 50% more than standard rates, so monthly costs might be between $130 and $200 for this coverage.
How Much Is A 1,750,000 No Exam Term Life Insurance Policy For Hypertension?
High blood pressure is a common condition that insurers consider carefully. Premiums may increase by 20% to 40%, resulting in monthly payments around $120 to $180.
How Much Is A 1.75M No Exam Term Life Insurance Policy For High cholesterol?
High cholesterol can also raise premiums slightly, with increases typically between 10% and 30%. Monthly costs might be $110 to $160 depending on other factors.
How Much Is A $1,750,000 No Exam Term Life Insurance Policy For Diabetes?
Diabetes is a more significant risk factor, often doubling premiums. Monthly payments for diabetics could range from $180 to $300 or more for $1.75M coverage.
Factors Influencing The Cost Of A 1.75M Life Insurance Policy
Policy Type
The type of policy you choose—term, whole, no exam, or instant approval—affects your premium. Term policies are generally cheaper than whole life.
Age
Age is one of the biggest factors. Younger applicants pay less because they are statistically lower risk.
Health
Your overall health, including chronic conditions and lifestyle habits, directly impacts your rates.
Lifestyle
Smoking, alcohol use, and risky hobbies can increase premiums significantly.
Term Length
Longer terms cost more because the insurer’s risk period is extended.
Gender
Women often pay less than men due to longer life expectancy.
What Factors Don’t Affect The Cost Of A 1.75M Policy?
Occupation
While some jobs are riskier, most insurers don’t heavily weigh occupation unless it’s extremely hazardous.
Race or Ethnicity
Insurance companies do not use race or ethnicity as a factor in underwriting.
Marital Status
Being married or single does not directly affect your premiums.
Income Level
Your income does not influence your life insurance rates, though it may affect how much coverage you choose.
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How Much Is 1,750,000 In Instant Life Insurance?
How Much Per Month Is A 1,750,000 Instant Life Insurance Policy?
Instant life insurance policies offer quick approval without exams, often with rates slightly higher than traditional term policies. For $1.75M coverage, expect monthly premiums ranging from $90 to $150 for younger, healthy applicants.
This option is perfect for those who want immediate coverage without waiting for underwriting decisions.
1,750,000 Instant Life Insurance Rates By Age & Gender
Here’s a table showing estimated monthly premiums for instant life insurance policies at $1,750,000 coverage, broken down by age and gender:
| Age | Male | Female |
|---|---|---|
| 30 | $95 - $130 | $85 - $115 |
| 34 | $105 - $140 | $95 - $125 |
| 38 | $115 - $155 | $105 - $135 |
| 44 | $140 - $180 | $125 - $160 |
| 46 | $150 - $190 | $135 - $170 |
| 50 | $180 - $220 | $160 - $195 |
| 52 | $195 - $235 | $175 - $210 |
| 54 | $210 - $250 | $190 - $225 |
| 55 | $220 - $260 | $200 - $235 |
| 60 | $300 - $370 | $270 - $330 |
These ranges reflect typical premiums for healthy individuals applying for instant approval policies.
How To Get 1,750,000 In Instant Life Insurance Online?
Getting $1,750,000 in instant life insurance online is easier than ever. Start by visiting a reputable insurance platform that offers instant approval policies.
Fill out a simple online application with your personal and health information. The system will perform real-time underwriting, checking prescription history, motor vehicle records, and other data to make a quick decision.
If approved, you can select your coverage and pay your premium immediately to activate your policy. No medical exam or lengthy waiting periods are required.
Many companies also provide customer support if you have questions during the process.
How Much Is 1,750,000 In Bitcoin Life Insurance?
Bitcoin life insurance is a newer type of policy where premiums are paid using Bitcoin cryptocurrency. For $1,750,000 coverage, monthly premiums typically range from 0.000754 to 0.001200 BTC, which currently equates to about $88 to $140.
This option appeals to cryptocurrency enthusiasts who want to leverage their digital assets for life insurance coverage.
Bitcoin life insurance policies often come with no exam underwriting and fast approvals, similar to other no exam policies.
1,750,000 Bitcoin Life Insurance Rates By Age & Gender
Below is a table showing estimated monthly Bitcoin life insurance premiums for $1,750,000 coverage by age and gender:
| Age | Male (BTC) | Female (BTC) |
|---|---|---|
| 30 | 0.00075 - 0.00100 | 0.00070 - 0.00095 |
| 34 | 0.00080 - 0.00105 | 0.00075 - 0.00100 |
| 38 | 0.00085 - 0.00110 | 0.00080 - 0.00105 |
| 44 | 0.00095 - 0.00120 | 0.00090 - 0.00115 |
| 46 | 0.00100 - 0.00125 | 0.00095 - 0.00120 |
| 50 | 0.00110 - 0.00135 | 0.00105 - 0.00130 |
| 52 | 0.00115 - 0.00140 | 0.00110 - 0.00135 |
| 54 | 0.00120 - 0.00145 | 0.00115 - 0.00140 |
| 55 | 0.00125 - 0.00150 | 0.00120 - 0.00145 |
| 60 | 0.00150 - 0.00180 | 0.00140 - 0.00170 |
These estimates reflect typical premiums for healthy individuals applying for Bitcoin life insurance policies.
How to Get 1,750,000 In Bitcoin Life Insurance Online?
Getting $1,750,000 in Bitcoin life insurance online is a straightforward process. Start by finding an insurance provider that offers Bitcoin payment options. Many companies now cater to cryptocurrency users, making it easier to secure coverage.
Complete an online application, providing necessary personal and health information. The underwriting process will assess your risk based on the same criteria as traditional policies, but with the added benefit of cryptocurrency payment flexibility.
Once approved, you can pay your premium in Bitcoin, activating your policy almost immediately. This modern approach to life insurance appeals to those who prefer to manage their finances in digital currencies.
Factors Influencing The Cost Of A 1,750,000 Bitcoin Life Insurance Policy
Policy Type
The type of Bitcoin life insurance policy you choose can affect your premium. No exam policies are generally more expensive than traditional ones due to the convenience they offer.
Age
As with traditional life insurance, age plays a significant role in determining your premium. Younger applicants typically enjoy lower rates.
Health
Your health status, including any pre-existing conditions, will influence your rates. Healthier individuals usually qualify for better premiums.
Lifestyle
Factors such as smoking, alcohol consumption, and risky hobbies can lead to higher premiums for Bitcoin life insurance policies.
Term Length
Longer coverage terms may result in higher premiums, as the insurer's risk extends over a more extended period.
Cost Of Bitcoin
The fluctuating value of Bitcoin can also impact your premiums. As Bitcoin prices rise or fall, the equivalent cost in fiat currency may change, affecting your overall insurance costs.
What Factors Don’t Affect The Cost Of A 1,750,000 Bitcoin-Backed Policy?
Occupation
Similar to traditional life insurance, your occupation typically does not heavily influence your premiums unless you work in a particularly hazardous field.
Race or Ethnicity
Insurance companies do not consider race or ethnicity when determining premiums for Bitcoin life insurance policies.
Marital Status
Your marital status does not directly affect your premiums, although it may influence the amount of coverage you choose.
Income Level
Your income does not impact your life insurance rates, but it may affect how much coverage you decide to purchase.
How Much Does A 1,750,000 Whole Life Insurance Policy Cost?
Whole life insurance policies for $1,750,000 coverage can be significantly more expensive than term policies. Monthly premiums often exceed $300, depending on age, health, and other factors. Whole life insurance provides lifelong coverage and builds cash value over time, which contributes to the higher cost.
For those considering whole life insurance, it’s essential to weigh the benefits of cash value accumulation against the higher premiums compared to term life options.
Bitcoin Life Insurance vs. Whole Life Insurance for 1,750,000 In Coverage
When comparing Bitcoin life insurance to whole life insurance, there are several key differences to consider. Bitcoin life insurance typically offers no exam underwriting and quick approvals, making it an attractive option for those who prefer a hassle-free experience.
On the other hand, whole life insurance provides lifelong coverage and the potential for cash value growth, but it comes with higher premiums and a more complex application process. Ultimately, the choice between these two options depends on your financial goals, risk tolerance, and personal preferences.
How Does No Exam Life Insurance Work?
Health Questionnaires
No exam life insurance policies often require applicants to complete health questionnaires. These questions help insurers assess your risk level without needing a medical exam.
Medical History (Including Prescription Checks)
Insurers will review your medical history, including any prescription medications you've taken in the past. This information helps them evaluate your overall health and potential risks.
Motor Vehicle Reports
Motor vehicle reports are also considered during the underwriting process. Insurers check for any driving violations or accidents that may indicate risky behavior.
Medical Information Bureau (MIB) Records
The Medical Information Bureau (MIB) maintains records of individuals' insurance applications and claims. Insurers may access this information to verify your health history and previous insurance applications.
Types Of No Exam Life Insurance
Instant Approval
Instant approval policies allow you to receive coverage almost immediately after applying. These policies typically have fewer health questions and faster underwriting processes.
Accelerated Underwriting
Accelerated underwriting uses advanced algorithms and data analysis to assess risk quickly. This method can lead to faster approvals without the need for a medical exam.
Simplified Issue
Simplified issue policies require minimal health questions and provide coverage without a medical exam. They are ideal for those who want quick and easy access to life insurance.
Guaranteed Issue
Guaranteed issue policies offer coverage regardless of health status, making them accessible to individuals with pre-existing conditions. However, these policies often come with higher premiums and lower coverage amounts.
Potential Drawbacks Of No Exam Life Insurance Policies
While no exam life insurance policies offer convenience, they may come with some drawbacks. Premiums can be higher than traditional policies, and coverage amounts may be limited. Additionally, the underwriting process may still consider health factors, which could lead to higher rates for those with pre-existing conditions.
It’s essential to weigh these potential drawbacks against the benefits of quick approval and ease of application when deciding if a no exam policy is right for you.
Recommendations For Choosing A No Exam Life Insurance Policy
When selecting a no exam life insurance policy, consider factors such as your health, age, and financial goals. Compare quotes from multiple providers to find the best rates and coverage options. Look for companies with strong customer service ratings and positive reviews to ensure a smooth application process.
Additionally, consider the length of coverage you need and whether you prefer a term or permanent policy. Understanding your needs will help you make an informed decision that protects your loved ones financially.
Who Needs A 1.75M Policy?
A $1.75M life insurance policy is ideal for individuals with significant financial responsibilities, such as homeowners, parents, and business owners. Stay-at-home parents, single parents, and small business owners should also consider this coverage to ensure their families are financially secure in case of an unexpected loss.
Ultimately, anyone looking to provide substantial financial protection for their loved ones or cover significant debts should consider a $1.75M policy as part of their financial planning strategy.
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Taking Action
Now that you have a comprehensive understanding of $1,750,000 no exam term life insurance, it’s time to take action. Start by comparing quotes from various providers, and don’t hesitate to use online calculators to find the best rates for your situation. Protecting your family’s financial future is essential, and securing the right life insurance policy is a crucial step in that process.
FAQs About 1.75M No Exam Life Insurance
What Is a Monthly Payment for 1,750,000 Life Insurance?
The monthly payment for a $1,750,000 life insurance policy varies based on age, health, and other factors, typically ranging from $70 to $350.
What Is the Most Life Insurance You Can Get Without a Medical Exam?
Many insurers offer up to $1,750,000 in coverage without a medical exam, though some may provide higher limits depending on the applicant's profile.
How Much Is a $3,000,000 Life Insurance Policy?
A $3,000,000 life insurance policy can cost significantly more, often exceeding $300 per month for healthy individuals, depending on age and health factors.
How Much Can I Borrow from a 1,750,000 Whole Life Insurance?
The amount you can borrow from a whole life insurance policy typically depends on the cash value accumulated, which can vary widely based on the policy and premiums paid.
Is 1,750,000 a Good Life Insurance Policy?
A $1,750,000 policy is generally considered a good amount for individuals with substantial financial responsibilities, providing a safety net for loved ones.
How Long Is the Grace Period on a 1,750,000 Level Term Policy?
The grace period for a level term policy is usually 30 days, allowing policyholders to make late payments without losing coverage.