There is something to be said for a simplified-issue term life insurance policy, without the need for a medical exam; just a few health questions, no tests, no waiting periods. It is not for everyone. The rates are more expensive than those of other policies that require physical exams but for people who know they are in higher risk health categories it may be a good way to find life insurance coverage. Learn more about these no-exam insurance policies and consider if they are right for you.