No examination policies typically provide a same-day or next-day decision on approval. But they might cost as much as 10% to 30% more than totally underwritten policies. If you can endure the 15-minute inconvenience of the examination and don't mind waiting on your approval, it could conserve you hundreds and even countless dollars over the life of your policy.As an outcome, making an application for a no exam policy is most likely the only method most Americans can buy life insurance coverage today. But that does not imply you need to wait to purchase life insurance coverage. And that doesn't indicate you need to pay too much. how does life insurance work. If you require life insurance coverage, my recommendation is to attempt to purchase a no exam policy now so you at least have some protection in location.