Quick Tip: Fill out the instant quote form on the right and receive quotes from ONLY life insurance products that don’t require a medical exam. We customized the software specifically for this page for people who don’t want a medical exam.
Take 5 minutes to review this article and know everything a consumer should know about buying no medical exam life insurance. Well go over:
If you’re looking for coverage fast and without the hassle of a medical exam or accessing your medical records, then a no exam life insurance policy may be right for you. Just note that typically you’ll be paying a little more for this convenience. So there is a bit of a trade off.
We also suggest life insurance with no medical exam if you’re healthy and haven’t seen the doctor in the last few years. You never know what your next check-up will bring up – even common things like elevated cholesterol or blood pressure can raise your premiums above those of a no exam policy.
The best no medical exam policy will depend on YOUR unique risk since each company has different underwriting guidelines.
Lets start with a list of the 6 best life insurance companies with no medical exam. There are also companies out there that will provide life insurance for diabetics with no medical exam. Looking for a million dollar life insurance policy, we can help you find the best company for that too! You may also want to read some of our reviews such as with Zander Insurance before making a decision.
Please note that our instant quoter on the right won’t quote all of these companies (some companies don’t allow it), but will quote many of them.
To compare no exam life insurance quotes, fill out our quote request form on the right or
CALL US AT (888) 430-7668
This list is based on the no medical exam life insurance policies that are getting the most attention from consumers. In other words, they’re the lowest cost and/or accepting higher risks than the other companies.
Pay close attention to the top 3 companies as they seem to have the best offers on the market so far.
Sagicor’s pricing has the competition beat in the no exam life insurance space at the moment, especially if you’re in great health. They have a “Preferred” class that can’t be beat for no exam life insurance pricing wise. Even their “Standard” is competitive with the rest of the market and they even have a “Rated” health classification for those with moderate health impairments.
They offer coverage for anyone ages 18-65 years old up to $399,999 without an exam. If you want more than $399,999, they offer it but you have to take an exam.
Besides the pricing, we love how fast their approval time is – in most instances we’ll know within 10 minutes to 1 hour It’s convenient in the fact that they have an e-signature platform so there’s absolutely NO paperwork.
Get instant Sagicor life insurance quotes by using our quote form on the right.
There isn’t another life insurance policy on the market like this one because Safe Harbor Term from Phoenix Life Insurance lets you access 95% your death benefit for any qualifying critical, chronic or terminal illness. In other words if you have a heart attack, stroke or cancer (among other qualifications), you can access 95% of your death benefit. This is life insurance you can use while you’re alive and a lot of people are purchasing this policy, including our entire office.
It is more expensive than other no exam life insurance companies, but not by much. Here are the limits:
18-50 years old: $25k – $400k available, 10, 15, 20 and 30 year term available
51-60 years old: $25k- $300k available, 10, 15, 20, 30 (up to age 55) year terms
61-70 years old: $25k- $200k available, 10, 15, 20 (up to age 65) year terms available
71-80 years old: $25k- $100k available, 10 year term only
On top of this, they take a lot of risks other no exam life insurance companies don’t. So if you have a health condition that’s not life threatening, you may still qualify for this policy.
This policy is convertible to a permanent life life insurance policy.
ANICO hands down will have the best no exam life insurance rates if you’re a healthy non-smoker. They will issue term life insurance coverage from $50,000 – $250,000 up to age 65 with no exam.
Like all no-exam life insurance companies (including the one’s below), they check the MIB report, Motor Vehicle Report and your Pharmacy Report and usually make a decision within 3-5 business days.
What makes ANICO different from other no-exam life insurance carriers is if they don’t approve your policy, they will ask if they can retrieve your medical records instead of straight declining you for coverage. Sure you’ll have to wait an extra 2-4 weeks, but you still won’t have to take an exam.
They have an online application we can complete over the phone. For ANICO quotes or to see if you can qualify, please give us a call.
Fidelity Life Insurance has 3 types of no medical exam life insurance policies. Each will give you a decision within 48 hours!
Rapid Decision Express (most popular): Term life insurance issued from ages 18-65. Coverage amounts from $25,000 to $250,000. Must complete application over the phone with an agent. Must be in good health.
Hybrid Life Insurance: Term life insurance issued from ages 18-65. Coverage amounts from $50,000 to $1,000,000. Must complete application over the phone with an agent. You can have some health issues and still qualify. The big difference is there is an initial blend of of all cause life insurance and accident only life insurance. You can take a medical exam if you wish to turn the full amount into all cause coverage.
Senior Whole and Term Life Insurance: Term or whole life insurance from ages 50-70. Coverage amounts from $10,000 to $150,000. Only partial coverage during the first 3 years, after 3 years you have full coverage.
Forests Your Term Non-Med life insurance will give you a decision within 10 minutes. They take healthy to average risks. It’s done through an eSignature platform and the application itself takes 20 minutes.
You can get up to $400,000 of life insurance on 10, 15, 20 and 30 year terms. The best part is living benefits are included – meaning if you get cancer, heart attack or stroke (among other qualifying conditions), you can access the death benefit to help you through those times.
Couple that with Forsters’ member benefits and it’s quickly become one of the best selling no medical exam carriers on the market.
Assurity Life Inusrance’s NonMed Term 350 is a no medical exam life insurance policy issued to ages 18-65 with coverage amounts from $50,000 – $350,000.
You can complete a phone application OR a paper application and a decision will be made within 14 days after being submitted to underwriting (usually around 10 business days). This is an agent assisted application only and there is no apply online feature.
For Assurity no exam life insurance quotes, please fill out our quote request form on the right or call us.
To compare no exam life insurance quotes, fill out our quote request form on the right or CALL US AT (888) 430-7668
The list above is NOT a ranking – each of these 6 companies has their own strengths and well recommend the life insurance company that will provide the lowest rates.
Other life insurance companies who have non-med products include American National (ANICO), Mutual of Omaha, Transamerica, United Home Life and MetLife. In some instances we might recommend one of these companies because every one of these companies will look at your risk differently. Each of them have their underwriting strengths and weaknesses. It will all depend on your situation and the state you live in.
There’s a lot new no medical exam life insurance companies coming to market. This section will be updated as new products hit the market if they make it into our top 7.
Think of “no exam” life insurance as an umbrella. Under that umbrella you have guaranteed issue life insurance, graded death benefit life insurance, simplified issue life insurance and final expense life insurance.
Guaranteed issue life insurance has no health questions. If you fit within the age guidelines, everyone qualifies…but there’s a waiting period for benefits.
Graded death benefit life insurance has the same characteristics as “guaranteed issue” life insurance, except it has some questions and is typically less expensive.
Simplified issue term life insurance is term life insurance without an exam. However they typically check your MIB report, pharmacy report and motor vehicle report. Coverage is immediate if you qualify
Final expense life insurance is usually smaller whole life insurance policies ($5k-$20k is typical amount). You have to qualify by answering health questions to get immediate coverage.For a term life insurance policy with no medical exam, you have to be in good health.
We can obtain coverage for controlled diabetics, controlled high blood pressure, controlled cholesterol, mild asthma and other minor health issues with no exam.
However, those with moderate health issues may still qualify on a case by case basis. We have been able to secure coverage for those with COPD, Epilepsy and Multiple Sclerosis with no medical exam, but there are other factors at play such as when you were diagnosed and how severe the condition is.If you need to secure life insurance for a business and/or a loan as a requirement, we do have a special policy available if you’re uninsurable. Most agencies don’t know about this product so if this is you, give us a call.
For small whole life policies with no exam, its a little different. These are often called Final Expense or Burial policies and there’s a lot of leniency in underwriting. Typically, these are $5,000-$25,000 of coverage and are guaranteed level for the rest of your life.
You can have some moderate health issues and still qualify for these no medical exam whole life insurance policies.
We can compare these policies for you as well.
Besides the questions on the application, life insurance companies will qualify you based on the results of these 3 bureaus:
1. MIB – (Medical Information Bureau) operates a secure, industry-wide database where North American life and health insurance companies share information significant to an individuals health or longevity taken from prior applications for insurance and requisite underwriting investigations.
2. Motor Vehicle Report – You MVR is checked for DUIs, reckless driving tickets, suspended licenses and excessive moving violations.
3. Pharmacy Report – This is a database that lists all your prescription medications. So these life insurance companies will have outside sources help them in their decision to approve your application besides the answers on your application.
Be aware that you’re paying for the convenience of not taking a medical exam. No medical exam life insurance is more expensive than if you took the exam. Its important to shop ALL your options.
If you’re in good/fair health, you can save money by taking a medical exam to qualify for life insurance. Well give you rates for both and let you decide.
HOWEVER, there are instances when life insurance with no medical exam makes sense:
You need the insurance NOW and cant wait 6 weeks for a traditional policy to make it through underwriting. This is typical for those who need life insurance to acquire an SBA loan, income stream advance, want something before they go on a vacation or just don’t have the time to go through the underwriting process
You haven’t been to the doctor in more than 2 years. You have no idea what could be on your medical exam lab work if you haven’t seen a doctor in over 2 years. Your cholesterol, triglycerides, glucose levels or anything they test for could be elevated and prevent you from obtaining coverage. Securing a no medical exam policy first, gives you the peace of mind that no matter what happens with your lab work, your family will be covered.
You’re scared of the needle. Many consumer buy no medical life insurance solely because they are afraid of needles.
If you’re in the market for life insurance with no medical exam, please don’t hesitate to contact us. Well ask you a few health questions and recommend the cheapest no medical exam life insurance policy for your situation.
We have a lot of experience with no exam life insurance and we’ve written a lot about it other articles. If you’re looking to read up a little bit more, check these article out: