Why it matters
No-exam does not mean no underwriting. Carriers may still use a health questionnaire, prescription history, MIB records, and motor vehicle records. Rates can be higher than exam-based coverage for healthy people, and coverage limits are often lower. Speed is the main benefit, as coverage can be approved in days. Buyers should compare the price of a no-exam policy with an exam-based quote. Eligibility, limits, and prices vary by carrier and state.
Source: naic.org
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