FAQ
Frequently asked questions
Is TermLifePlans an insurance company or agency?
No. We are an independent editorial website. We are not an insurance company, agency, broker, or producer, we hold no producer licence in any state, and we cannot sell you a policy or advise you on what to buy.
Does "no medical exam" mean guaranteed approval?
No. You are still underwritten. The insurer replaces the paramedical exam with a health questionnaire plus automated checks against prescription, motor vehicle, and industry claims databases. Applications are declined, and larger coverage amounts or answers that conflict with the databases can route you into a full exam anyway.
Is no-exam coverage more expensive?
Often slightly, yes. Accelerated underwriting prices in some uncertainty. If you are in genuinely good health and do not mind the inconvenience, full underwriting frequently produces a better rate. The no-exam route is about speed and convenience, not price.
How much coverage should I buy?
A common starting frame is ten to fifteen times annual income, plus debts you want cleared, minus liquid savings and existing coverage. Our sizing guide walks through what to add and subtract.
What happens if I outlive the term?
The coverage ends and nothing is paid. That is why term is inexpensive. Some policies are convertible, meaning you can switch to permanent coverage without new underwriting — worth checking before you buy.
Can I be turned down for something I did not disclose?
Insurers can contest a claim during the contestability period, typically the first two years, if the application contained a material misrepresentation. Answer the health questions accurately. The whole point of the policy is that it pays.
Do you sell my information?
No. We do not sell personal information and we do not pass it to lead-buying networks or insurance agents. See our privacy policy.
How does TermLifePlans make money?
Through affiliate commissions paid by carriers when a visitor applies for coverage through a link here. It costs you nothing extra. Where an affiliate relationship exists, the link is marked as sponsored. See our disclosure.
Why did some carriers disappear from this site?
Because they stopped writing new business. Bestow sold its direct-to-consumer insurance arm in 2024 and now operates as a software company; Haven Life stopped accepting applications in January 2024 and is wound down; Sproutt declared insolvency in 2024 and its site no longer resolves. All three were removed. We check the lineup and take companies off when they exit — a comparison site that still lists a defunct carrier is not doing its job.
How current is this information?
Every review and guide carries a review date. Insurance products change constantly — confirm anything material directly with the carrier before relying on it.
Reviewed July 2026.