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Home / Insurance / Best 10 Year Term Life Insurance No Exam Rates 2019 // + Savings Tips

Best 10 Year Term Life Insurance No Exam Rates 2019 // + Savings Tips

If you have been looking for a 10 year term, you might be wondering if it is the best option for you and your family.

But hear me out:

Did you know that getting a life insurance policy for 10 years without an exam is a complicated process, and you could actually get quotes and get covered in less than 5 minutes?

 10 year term life insurance no exam

Today I will go over why you may need a 10 year term life insurance policy with no exam why it is one of the most affordable life insurance options and how to purchase coverage.

Best Option

If you are looking for the most affordable life insurance option available, then you should probably be looking at the 10-year term option.

ton of different options from 10, 15, 20, and 30 Year Term Life Insurance.

While the other options are more extended, they are more expensive monthly and might not suit your actual situation.

more than 10 years.

How Does 10 Year Term Life Insurance Cost?

The price of a 10 year term is going to be different for each person and is determined by:

Your Health

Before anything, they will look at your overall health; this area is going to be different for everyone.

Your height and weight are also considered in an application for life insurance. .


Your gender is going to be a strong determining factor used in determining your rates for your 10 year term policy with no exam.

Your Lifestyle

Do you skydive? Drive race cars? Go Scuba Diving? Skiing? Anything like that or travel to exotic places.

Anything like that can affect your monthly premiums and make your rates totally different

Age is another factor that an insurance company is going to use when it comes to a 10 year term policy.

Determining your age is essential in figuring out how long you might live and what risk you may bring to the company.

Life insurance rates by age

Tobacco Usage

The next thing that makes a huge difference in your term life rates is going to be if you are a smoker.

If you smoke, you can expect to see your cost almost double the price of someone who doesn't smoke.

This is the best reason to stop smoking; there are even some companies that will consider you non-tobacco user after just 12 months of not smoking.

Let's check out some rates below

10 Year Term Life Insurance No Exam Quotes & Rates

As we discussed earlier, no exam term life insurance policy for a term of 10 years is going to be the most

10 Year No Exam Rates For Men

10 Year No Exam Rates For Women

Advantages of 10 Year Level Term Life Insurance

There are several advantages of a 10 year term policy which we discuss below:

Most Affordable Rates

You will find that term terming for 10 years will have some of the most affordable life insurance rates you can find.

Most people will be shocked when they first hear the rates for a 10 year term policy.


Always get a few quotes before thinking It's too expensive

Rates Locked In For 10 Years

Another great benefit is that your rates will be locked in for 10 years.

As long as you pay your premiums, your rates will not change during your term, and your policy can not fall.

affect the rates.,
Policy Can Be Renewed

You can also change your term policy after 10 years if you are able to get approved through traditional underwriting methods.

You Can Convert Your Policy

] Near the end of the term you will have the option to convert the policy into a whole life policy if you decide to.

However, you have to go back through underwriting.

However, Keep in mind that the amount of coverage will decrease significantly.

Disadvantages of 10 Year Term Life Insurance No Exam

Depending on your situation, the same things that make a 10 year term could also be the same thing that makes them not good.

Your Term Will End … Soon

A 10 year term is going to be one of the shortest term lengths available.

This means that after 10 years you will have to renew the policy and the rates will change.

The short term length means that while you save more money up front, over time, you will spend more money

A Return of Premium Policy Could Work Better

You may be better off looking for a return on premium term life insurance quotes because they return all the premium you paid into the policy at the end of the term.

If you are not your policy you will be given a check that you can use for whatever your hearts content.

Think of it as a savings account with a free life insurance policy attached.

Who Needs A 10 Year Term Life Insurance Policy?

College Students

If you are in college, especially going to be an attorney or a doctor, you will probably be in school (depending on the degree you

People getting a divorce

People getting a divorce

When it comes to life insurance & divorce, you might be in a situation where you have been ordered to purchase a life insurance policy.

This coverage might have been in effect for the remainder of your child's time on child support.

If you have 10 years or less left of child support then this would be the best product for you.

People on their way to F.I.R.E. (Financially Independent Retired Early)

I have had several conversations with people who plan to retire very early, and because of that, they do not need a 20 or 30 year term policy.

A 10 year term

Of course, they would also choose a 10 year term because most of them are included.

To Fund An SBA Loan

If you are getting a small business loan, you might be required to get life insurance before they will find the loan.

According to Fundera, long term loans don't go past 5 years so 10 year term would be the best option for you.

It is also going to have super low rates and when you choose a physical life insurance policy you can have your policy issued in under 5 minutes.

This way life insurance isn't holding up your loan being funded.

Young Adults

Life insurance

However, there is no situation where you should not have life insurance.

As a young adult, you are dealing with things like finishing school, going into your career, getting married, having a kid, buying a home, or a new car.

It is a smart move to have some life insurance while you are finding yourself, and there is nothing better than a 10 year term. 19659002] Your life as a rider

If you have any kids under the age of 18 You need to be a rider on your term life insurance policy.

This coverage is usually the same for all your kids based on the amount of coverage.

So, $ 25,000 in coverage for 2 kids would cost the same as $ 25,000 for 5 kids.

Some people don't think they need life insurance, but I think they need life insurance because their burials still cause an expense.

Best 10 Year Term Life Insurance Company

While there are some excellent exam term life insurance companies to choose from, we haven't found any better than Bestow life.

Check out our quick overview of them below:

 bestow life insurance logo

About Bestow Life Insurance

Bestow is backed by North American Company for Life and Health Insurance.

North American has been around for over 100 years and was Founded in 1886, as of today, North American holds an A + (Superior) rating with AM Best

Bestow believes that great life insurance should be affordable, convenient, and smart.

  • No physical exam life insurance
  • Tobacco & Non Tobacco Rates
  • No physical exam life insurance
  • ] E-Signature & Simple Applica Process
  • No Waiting Period
  • Accelerated Underwriting
  • 2 Year Term Option Available
  • Riders & Options

    No additional riders or options available on this policy yet as the accelerated death benefits , term life conversion option, or accidental death benefit rider.

    Simply Insurance Thinks

    Bestow is the most affordable simplified issue, no physical exam term life insurance product in the market.

    Bestow can cover you faster than any product on the market.

    Want to learn more about them? Check out our full Bestow life insurance review

    How To Get A 10 Year Term Life Insurance Policy Today

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