I want to get a life insurance policy but I don't want to take any physical exams.

How much coverage can you buy without taking an exam?

Actually, it may be a lot more than you might expect. Since you can own more than one life insurance policy, and there are several insurers that offer no exam life insurance, you may be able to purchase more than $750,000 of life insurance without taking an exam.

However, most no exam life insurance plans charge a higher rate than you might get with a fully underwritten life insurance policy that does require a health exam, since the no exam carrier may insure some people who might not otherwise qualify if they had to take a physical exam.

Some insurers offering no exam life insurance include National Life Group, ANICO, Fidelity Life, and Prudential.

In addition, seniors may purchase guaranteed issue life insurance plans without any exams required. Some carriers offering guaranteed plans include United of Omaha, Met Life and Colonial Penn, among others.

Here's how you can learn more about life insurance without an exam.