What is the maximum non-medical coverage amount for a life insurance policy in Oregon?

In Oregon, the maximum amount of non-medical coverage for a life insurance policy is typically $500,000. This amount allows individuals to secure significant life insurance coverage without the need for a medical exam, thus simplifying the application process, especially for those who may not wish to undergo medical screening. Non-medical requirements are intended to make it easier for individuals to obtain coverage quickly, which is particularly appealing to consumers seeking life insurance without the potential delays that medical underwriting can introduce.

This limit can vary based on the specific insurer, as some may have different thresholds based on their underwriting guidelines. Therefore, while $500,000 is the typical ceiling for non-medical coverage, it is essential for prospective policyholders to check the details provided by individual insurance companies to understand their options fully.