No Exam Life Insurance

No exam life insurance is a great option if you don’t enjoy intrusive physical exams!

Medical exams are not required to qualify for affordable life insurance. Both whole and term life insurance no medical exam policies are available on the market today.

These life insurance policies are often also referred to as no physical life insurance, no health exam life insurance, and no medical life insurance policies.

Use the links below to get to the topic you need to learn more about quickly! Or just keep scrolling to learn all you need to know about no exam life insurance policies.

Types of Insurance to Avoid the Needle!

Before we go into the best no medical exam life insurance companies, it is important to get an understanding of the different types of no medical life insurance policies that are on the market.

Generally speaking, there are 4 main types:

  1. Guaranteed Issue
  2. Simplified Issue
  3. Graded Death Benefit
  4. Final Expense Insurance

All of these policies, depending on the provider, are offered in both whole life insurance and term life insurance policies.

Guaranteed Issue

Guaranteed issue life insurance policies are implied in the name, they are guaranteed.

This means that policies can be secured by any applicant, even those considered to be uninsurable. In this type of life insurance, no health questions are usually asked.

Usually, guaranteed issue policies offer anywhere from $5,000 to $25,000 in coverage and rarely go higher than this.

Most also have a 2-year waiting period, which means that if you pass away within the first 2 years, your beneficiaries will only receive a portion of your death benefit.

These are the most expensive type of no medical life insurance policy because of the inherent risk associated with applicants.

Underwriting is extremely quick, and coverage can be obtained within 24-48 hours sometimes.

With some guaranteed acceptance life insurance policies, no waiting period is necessary. These policies are only recommended for people who have no other options.

Guaranteed issue life insurance carriers will often have different waiting periods for approval depending on their underwriting process.

Guaranteed Issue Life Insurance
  • Issued for anyone, even people who are uninsurable
  • Coverage as quick as 24-48 hours
  • Waiting period for death benefits
  • Most expensive type of no exam life insurance
  • $5,000 to $25,000 (more for some companies)
  • Issued to anyone
  • Very quick coverage
  • Most expensive type of no medical life insurance

Simplified Issue

Simplified issue life insurance policies are still no exam life insurance policies, but are a step up from guaranteed issue policies in terms of the underwriting process.

Medical questions are asked, and background checks are done to assure that you are who you say you are, and the company can properly assess risk.

Simplified issue life insurance policies often offer coverage up to $250,000, sometimes for people who are very healthy, certain insurance companies offer simplified issue policies up to $1,000,000 in coverage.

These policies are still more expensive than traditional life insurance policies, but less expensive than guaranteed issue policies.

This type of no health exam life insurance is best for people who are in good enough health to pass a medical examination without being rated as high risk.

Simplified Issue Life Insurance
  • More difficult to qualify for than guaranteed issue
  • Health questionnaire asked to qualify
  • Background check administered to qualify
  • Coverage can take longer, 6-8 weeks+
  • Less expensive than guaranteed issue
  • Up to $250,000 (can be more for some companies)
  • Cheaper than guaranteed issue
  • Higher coverage amounts than guaranteed issue
  • Takes longer to obtain coverage than guaranteed issue

Graded Death Benefit

Graded death benefit life insurance offers death benefits in a unique way, that is similar to guaranteed issue policies in some ways.

For this type of no medical life insurance policy, death benefits are paid out in percentages.

For each year into your policy, your beneficiaries will receive a higher portion of your death benefit. Usually, there is a 2-3 year period before you can receive the full death benefit.

Usually, graded death benefit policies top out at around $50,000 in coverage, with a few companies offering higher coverage.

Typically,  for a policy that has coverage for $50,000 life insurance, no exam policies can be very affordable with graded benefits.

Graded Death Benefit Life Insurance
  • Death benefit is only available in portions for first 2-3 years of policy, after that 100% of death benefit is paid out upon death
  • Less expensive than other no medical life insurance options
  • Asks similar questions and has a background check like simplified issue
  • Up to $50,000 (sometimes more for certain companies)
  • Cheaper than simplified and guaranteed issue life insurance policies
  • Does not payout the same as other no medical life insurance policies
  • Not recommended for people who are terminally ill or in poor health

Final Expense Insurance

Final expense insurance is a type of no medical exam life insurance that needs to be qualified for, similar to simplified life insurance.

A series of questions will be asked, which determines whether or not you will qualify for coverage.

This type of no medical life insurance is meant to cover final expenses associated with dying such as funeral expenses, and outstanding debts.

Final expense insurance policies usually offer coverage up to $50,000 to $100,000 depending on the insurer.

Usually, this type of policy is offered by most companies as whole life insurance without medical exams.

Final Expense Life Insurance
  • Same underwriting process as simplified issue
  • Meant to cover final expenses such as a funeral, outstanding debts, etc…
  • $5,000 to $50,000 (sometimes more for certain companies)
  • Affordable compared to other types of no medical exam life insurance
  • Quicker coverage than simplified issue life insurance
  • Does not specifically cover final expenses, beneficiaries choose how death benefits are used

How To Get Life Insurance With No Medical Exam

Today, there are numerous types of life insurance coverage on the market.

Depending on the type and the amount of coverage being applied for, as well as the age of the applicant, a medical insurance exam may be required for policy underwriting purposes.

Recently, however, numerous new policy options have been developed – some that have changed the life insurance qualification process.

Easy Applications & Fast Approvals

To speed up the time in underwriting, as well as to reduce underwriting costs, many top-rated life insurers have opted to forgo the often-required insurance exam on term life policies that have death benefits of up to $1,000,000.

These simple “no exam life insurance policies” can provide an easy application process, along with convenience and fast approval. And, in many instances, these policies may be conveniently applied for over the telephone or online.

This speedier underwriting oftentimes leads to instant approval of qualifying applicants – allowing you to obtain coverage within mere minutes rather than the inconvenience of having to wait for weeks or even months.

Such policies provide a full and immediate death benefit and are still fully underwritten by the issuing insurance company. This means that in many cases the full amount of death benefit will be paid upon the death of the insured without a waiting period.

Phone Interview

One of the most significant parts of the application process is going to be the phone interview. Every insurance company is different, but the majority of insurance interviews are going to last around an hour.

The insurance company is going to ask you dozens and dozens of different questions about your current health and your family history. They are going to get as much health information as they can, without requiring you to take the physical.

During the interview, they are going to ask if you’ve ever been diagnosed with any severe medical conditions, like heart disease, diabetes, any sexually transmitted diseases, and much more.

The goal of the phone interview is to get an idea of how much risk you are to insure. The more risk that you are (the worse that your health is) then, the more that they are going to charge you for your insurance protection.

Medical Records

Aside from the phone interview, and the barrage of questions, the insurance company is also going to look at some of your records to give an idea of how much they should charge you for your coverage.

They will pull your prescription history for the last five years. They are also going to review your Medical Information Bureau records that will show any results of medical tests that you’ve taken in the past.

This will give the insurance company an idea of what your health has been in the past and might reveal any significant conditions or health problems that you’ve had in the past.

Because you are not required to take a medical exam, the company won’t get a current view of your health, but they will see any results from the past.

While most applicants don’t realize it, the insurance company is also going to review your driving records.

If you have any DUIs, accidents, or speeding tickets on your record, then you’re going to pay more for your insurance coverage versus someone that doesn’t have those marks on their records.

InsuranceScored has “Scored” these life insurance products to help you make the best decision in protecting you and your loved ones.

13 Best No Exam Life Insurance Companies

Here are the top 13 providers of no medical exam life insurance in 2020:

  1. Haven Life
  2. Mutual of Omaha
  3. Transamerica
  4. Sagicor
  5. Phoenix
  6. American National
  7. North American
  8. Fidelity Life
  9. Gerber
  10. Assurity
  11. Principal
  12. Foresters
  13. American Amicable

To determine our list of the 13 best companies, we looked at 3 key components to each company:

  1. Affordability – Many no health exam life insurance companies are very expensive when compared to traditional life insurance requiring a complete medical exam. The most weighted item in our “score” is affordability compared to the rest of the market. Cheap life insurance without medical examination can be hard to come by, so we had that in mind when putting together this list.
  2. Reliability – How long have they been around? How are their financials? Are there any issues paying claims?
  3. Convenience – How time-consuming is it to apply? How long does it take to get approved?

It’s important to preface this by saying there isn’t one company that nails all the key components listed above.

Being consumer advocates, we weighted affordability the most since all the companies ranked are reliable…they wouldn’t make our list if they weren’t financially strong!

As you’re going through our list of top 13 best no medical exam life insurance companies, it’s important to note that we didn’t put the companies in any special order based on quality or price.

We recognize you have unique life insurance needs and different health characteristics. We discovered there is no true “overall #1 life insurance company.”

The companies we have reviewed are all excellent in their own regards and we are confident they will be an excellent solution for your insurance needs.

Now that we have taken a brief look at the 13 Best Life Insurance Companies, let’s take a more in-depth look at the companies themselves, the coverage they provide, and how to find the best coverage for them.

Get Your Best Rate

1. Haven Life

haven life insurance logo
Haven Life is definitely one of the most unique no exam life insurance companies in the marketplace.

The professionals at Haven Life recognize how busy you are and they want to make the process as fast and smooth as possible.

In addition, Haven Life has very competitive rates for term life insurance without a medical examination.

What are the advantages of Haven Life no medical life insurance?

What makes Haven Life stand out is how much coverage you can buy without having to speak to an agent on the phone or in person.

Haven Life was created when their co-founder, Yaron Ben-Zvi, tried to buy a life insurance policy online and it took several weeks to get approved for coverage.

He was frustrated and knew there must be a better way to get life insurance quotes, no medical questions required. Thankfully, there is now!

One interesting note about Haven Life is they are backed and owned by MassMutual. You’re probably familiar with MassMutual, as they’ve been selling insurance for over 160 years.

How can I get no medical life insurance quotes from Haven Life?

Haven Life’s application process can easily be completed online in minutes. Depending on your age and health, you may be eligible to purchase as much as $1 million in life insurance online without having to take the medical exam.

This is the highest amount of life insurance with no physical that can be obtained on the market today.

What does Haven Life offer for no physical life insurance?

Haven Life is one of the few companies in the market who offer $1 million no exam life insurance policies.

Haven Life offers term insurance to applicants up to 65.

Please note: your age will determine how much life insurance you can conveniently purchase online. They only offer $1 million no medical life insurance policies to those who qualify based on age and health.

Is Haven Life the best no exam life insurance company?

Haven Life hasn’t been around as long other companies on our list, but they have some excellent ratings.

From the highly respected A.M. Best life insurance ratings company, they proudly have an A++ rating.

They also offer very cheap life insurance without medical exams, when compared to the competition.

We suggest you use our easy form below to give you a quick quote

Does Haven Life offer any policy riders?

Yes, Haven Life offers the following riders that can be added to your policy:

  • Accelerated Death Benefit
  • Disability Waiver of Premium
  • Conversion Option

2. Mutual of Omaha Life Insurance

Mutual of Omaha logo

What are the advantages of Mutual of Omaha life insurance?

Mutual of Omaha is one of the most recognizable life insurance companies on this list, but most applicants don’t realize that they also have great no medical exam policies as well.

They also have an outstanding A+ from A.M. Best life insurance ratings company which makes them a great company to work with.

What does Mutual of Omaha offer for no medical exam term life insurance?

Like most companies on this list, they offer two main options for a no medical exam insurance plan, a term plan and a whole life insurance policy.

With their term life plan, they offer coverage to anyone between the ages of 30 – 74 and you can buy up to $100,000 worth of protection.

Update: Get fast life insurance quotes from Mutual of Omaha and a dozen other highly rated companies! Click here to check your rates!

What does Mutual of Omaha offer for no medical exam whole life insurance?

Their whole life choice is a bit more limited on the availability.

If you’re between 45 – 85, then you can qualify for one of their plans, but you can only buy $10,000 worth of coverage.

They market this policy as “Our Easy Way” policy, because of how simple and quick it is to get approved.

Depending on your situation, this may be a good whole life insurance policy for you.

Does Mutual of Omaha offer any policy riders?

Yes, Mutual of Omaha offers the following policy riders:

Mutual of Omaha Life Insurance Company Review

3. Transamerica Life Insurance

Transamerica logo
Transamerica is one of the oldest companies on our list of top no medical exam life insurance companies, being founded in 1928, they have years of experience working with all types of customers.

They continue to hold an excellent A+ rating from A.M. Best and have almost no major complaints from their customers.

Is Transamerica the Best No Physical Life Insurance Company?

Because of their continued outstanding ratings, we think that Transamerica should always be on the list of first places to look for a no medical exam life insurance policy.

What Does Transamerica Offer for No Health Exam Term Life Insurance?

Transamerica offers several different options for life insurance with no physical required.

One of the most popular choices is their Simple Term life insurance policy, which only requires that you answer a few questions to have life insurance coverage.

With their Simple Term Plan, you can get term life insurance without medical examination coverage from $25,000 to $100,000 and as long as you’re between the ages of 18-64, you qualify for insurance coverage.

Does Transamerica Offer Whole Life Insurance Without Medical Exams?

Their other option is a permanent life insurance plan, which is their Guaranteed Security Life.

The most notable advantage of this plan is that it’s guaranteed acceptance, which means that you’ll get be approved, regardless of your health or any pre-existing condition.

If you’re between 45 – 80, then you can get a plan for up to $20,000 of protection.

No medical exam and no medical questions. Rates never change for the life of your policy. Guaranteed protection!

With these policies, the first two years are going to have limited benefits, but after those two years, the plan will offer you full coverage.

It should be noted that Transamerica is one of the better-guaranteed issue life insurance carriers in terms of affordability.

Does Transamerica offer any policy riders?

Yes, Transamerica offers the following policy riders that can be added to your plan:

  • Accidental Indemnity
  • Waiver of Premium

Transamerica Life Insurance Company Review

4. Sagicor Life Insurance

sagicor logo

Sagicor life insurance is a company that perhaps you do not recognize their name.

However, Sagicor absolutely must be included on your list when researching the top life insurance providers offering no medical exam policies.

Sagicor has a well-earned reputation for underwriting professionalism, competitive pricing and numerous no medical exam policy options for both term life and universal life insurance.

They also hold a rating of A- from A.M. Best Life Insurance Ratings company.

Is Sagicor the Best No Medical Life Insurance Company?

They have one of the fastest underwriting processes in the industry, with some of the most affordable life insurance rates in the marketplace.

Want some more good news? Policy approval decisions are often made in days, not weeks or even months with some carriers!

For easy life insurance coverage, cheap life insurance without medical exams, and life insurance with no health questions, Sagicor definitely makes it one of the best no exam life insurance companies.

Does Sagicor Offer Term Life Insurance Without Medical Exams?

They offer life insurance coverage protection ranging from $25,000 to $1,000,000 depending on your health and age.

Whether you have a family to protect with a $250,000 policy or a business partner to insure for a $1 million policy, Sagicor Life is a popular choice when seeking a no exam life insurance policy.

Sagicor No Medical Exam Life Insurance Is Very Quick!

One common question people looking for no medical exam life insurance have is: How fast can I get life insurance? If speed is your objective, then Sagicor Life is your solution.

They provide a super-fast application and underwriting process which helps you and your loved one secure protection now and not three months down the road.

Completing an application takes less than 30 minutes – conveniently over the telephone while sipping your morning cup of coffee.

Sagicor offers easy life insurance coverage and cheap life insurance without a medical examination.

Does Sagicor offer any policy riders?

Yes, Sagicor offers the following life insurance policy riders:

  • Nursing Home Confinement
  • Conversion Option
  • Accelerated Death Benefit

Sagicor Life Insurance Company Review

5. Phoenix Life Life Insurance

Phoenix Life Insurance logoQuick Tip: You can get instant quotes for Phoenix by filling out the instant quote form on the side.

What Does Phoenix No Medical Life Insurance Have to Offer?

Phoenix’s Safe Harbor Term Express allows you to get up to $500,000 of coverage within days.

When it comes to life insurance without exams, Phoenix is one of the quickest and easiest life insurance providers to work with.

Phoenix Life is unique in that it offers living benefits. Meaning you can access up to 95% of your entire death benefit if you have any of the following:

  • Heart Attack
  • Cancer
  • Stroke
  • Renal Failure
  • Major Organ Transplant
  • ALS

These critical illness benefits provide families peace of mind and that’s why Phoenix Life is a very popular choice to consider when comparing no exam and guaranteed issue life insurance carriers.

What Are the Cons of Phoenix No Medical Exam Life Insurance?

The downside to this company is they are a “B” rated carrier by A.M. Best. Which means there’s a “fair” ability to meet their ongoing insurance obligations.

We’ve researched them in depth and are comfortable recommending them.

Another downside is price – you’ll be paying more than a traditional life insurance policy for these added benefits.

If you’re willing to pay a little more for these benefits, InsuranceScored believe’s Phoenix life is a great company to work with.

If you are looking for cheap life insurance without medical exams, this might not be your best choice.

Does Phoenix offer any policy riders?

Yes, Phoenix Life Insurance offers the following policy riders:

  • Terminal Illness
  • Critical Illness
  • Chronic Illness

Phoenix Life Insurance Company Review

6. American National (ANICO) Life Insurance

Anico Life Insurance logo

Quick Tip: You can get instant quotes for American National by filling out the instant quote form on the side.

What Does American National No Physical Exam Life Insurance Have to Offer?

American National’s signature term life insurance without medical examination offers up to $250,000 of coverage without an exam.

Approval may be completed within three business days; sometimes even the same day and their term life insurance rates are very competitive.

Is American National the Best No Physical Exam Life Insurance Company?

If you factor in the speed of issue and the fact you can complete the application in one swoop with your agent, it’s a great choice.

Also, they’re available in New York when most no-exam carriers aren’t approved there.

American National is one of the few carriers that offer life insurance with no waiting period.

American National has an “A” rating by AMBest and has been around since 1905. It’s a reliable and stable company.

Does American National offer any policy riders?

Yes, American National offers life insurance policy riders:

  • Living Benefits
  • Waiver of Premium
  • Conversion Option

American National Life Insurance Company Review

7. North American Company Life Insurance

north american Life Insurance logo

Established in 1886, North American Life is not new to the insurance market. In fact, they have over $13 billion in total assets.

They hold excellent ratings from all of the third-party systems including an A from the highly regarded A.M. Best ratings company.

If you’re looking for a stable company with a long track-record, look no further.

What Does North American No Medical Exam Life Insurance Have to Offer?

Through North America’s LifeVue policy, you can get immediate life insurance coverage with no medical exam and no waiting periods in one simple phone call.

Their LifeVue term life insurance plan allows anyone from the age of 18-60 get up to $500,000 of life insurance.

The LifeVue whole life insurance plan can get you the same coverage if you’re between 50-80.

Does North American offer any policy riders?

North American offers the following life insurance policy riders:

  • Living Benefits
  • Waiver of Premium
  • Conversion Option

North American Life Insurance Company Review

8. Fidelity Life Life Insurance

fidelity life logo

Just like the rest of the companies on our 13 best no medical exam insurance companies, Fidelity Life has excellent financial stability.

They have earned an impressive A+ rating from A.M. Best.

Fidelity Life has one of the most unique histories of the list that we’ve compiled.

Fidelity Life was established in 1896 as “Mystic Workers of the World,” which was a fraternal society that wanted to give financial protection to the Midwest and Northern states.

They later expanded their business, continued to grow, and eventually made the shift to Fidelity Life.

What Does Fidelity Life Offer Whole Life Insurance Without Medical Exams?

They have two different options for no medical life insurance coverage, each of them has different advantages.

Fidelity strictly offers no exam term life insurance.

They offer both a Rapid Decision Express No Medical Exam Life Insurance and Rapid Decision Senior Term Life Insurance.

The first one that we will look at is the Rapid Decision Express policy. You can buy one of these policies in lengths of 10, 15, 20, and 30-year terms.

With one of the Fidelity plans, you can have insurance coverage until age 95, and you can be approved in as little as 24 hours.

What Does Fidelity Term Life Insurance Have to Offer?

The other option is the Rapid Decision Senior Term Life Insurance, as you can guess from these policies, they are designed for older applicants that are looking for cheaper insurance premiums.

These plans will cover applicants from ages 50 – 70, and you can buy them in 10, 20, or 30-year lengths.

Depending on your need, you can buy anywhere from $10,000 worth of life insurance to $150,000.

It’s important to note that the payout from the plan will be reduced by 50% for the first two years of the plan, and after that, it will return to a full 100% of the plan.

Does Fidelity Life offer any policy riders?

Fidelity offers the following life insurance riders:

  • Accidental Death
  • Dependent Child

Fidelity Life Insurance Company Review

9. Gerber Life Insurance

Gerber Life Insurance company logo

Gerber traditionally isn’t known for their life insurance plans, but they should be one of the companies that you consider when you’re shopping for life insurance without the medical exam.

As a company, they are one of the most widely-known on our list. They have several options for life insurance coverage that you should compare to ensure that you’re getting the best plan.

Gerber Simplified Issue Life Insurance

Gerber has three different options, a no exam term life insurance plan, a whole life policy, and a guaranteed life plan.

Both the term and whole life plan are a simplified issue, which means that you’ll only have to answer a few health insurance questions and you can be approved for coverage in a matter of days.

Gerber is one of the few guaranteed issue life insurance carriers on our list.

Gerber Guaranteed Issue No Medical Exam Life Insurance

If you’re only looking to get a smaller life insurance plan, a guaranteed life insurance plan is a great option for you.

With these plans, you can purchase $5,000 to $25,000 worth of protection for your family.

The application can be completed entirely online and accepted in a matter of hours. As long as you’re between 50 and 80, you can buy one of these plans.

Does Gerber Life offer any policy riders?

Yes, Gerber Life offers the following life insurance policy rider:

  • Cash Value

Gerber Life Insurance Company Review

10. Assurity No Medical Exam Life

Assurity Life Insurance logo

Assurity Life Insurance Company holds an A- rating from the A.M. Best ratings company.

Assurity has several unique advantage and disadvantages that other companies won’t be able to offer.

It’s important that you understand all the different options available to you as Assurity could be one of the best options for your insurance needs.

What Does Assurity No Medical Exam Life Insurance Have to Offer?

One of the most notable benefits of a no medical exam through Assurity is that you’ll be able to buy more life insurance protection than you can with other companies.

Assurity offers $350,000 of life insurance, which is $100,000 more than most companies.

What Are the Cons of Choosing Assurity No Medical Life Insurance?

One of the drawbacks of Assurity is that it’s going to take a lot longer to get through the medical underwriting.

After you apply for coverage, it will take around 30 days to get approved. Their underwriting process is longer but much more lenient.

They aren’t the quickest, but they are still one of the best companies that you can get a no medical exam through.

Does Assurity Life offer any policy riders?

Yes, Assurity offers the following life insurance policy riders:

  • Critical Illness
  • Conversion Option

Assurity Life Insurance Review

11. Principal No Medical Exam Life

principal Life Insurance logo

Principal Life Insurance company has superior ratings from all of the different financial rating companies, including an A+ from A.M. Best, which means they have a stable financial outlook going forward.

Not only are they a stable company, but have employed financial research to craft a no medical exam option that could be perfect for you and your family.

What Does Principal Life No Medical Exam Life Insurance Have to Offer?

They created the Principal Accelerated Underwriting program, which cuts down the length underwriting process down to 2 days or less.

Their extensive studies showed that around 50% of applicants had favorable health, which they determined eliminating the need for medical exams.

Through their program, anyone between the ages of 18- 60 can get up to $1,000,000 worth of insurance protection.

If you need more life insurance than most companies offer, Principal is going to be one of the few available options for you.

Does Principal offer any policy riders?

Yes, Principal offers the following riders:

  • Accidental Death Benefit
  • Conversion Option

Principal Life Insurance Company Review

12. Foresters Financial No Medical Exam Life

Foresters Life Insurance logo

Foresters has offered quality coverage for many years, but they have recently added new no exam options.

They currently hold an A rating from A.M. Best life insurance ratings company.

Aside from their traditional plans, they added a “Your Term” no medical exam option in 2017 that has become one of the best options on the insurance market.

What Does Foresters Financial No Health Exam Life Insurance Have to Offer?

Your Term plans have a wider age range, 18 – 80, which is larger than most companies and you can buy these plans in a 10, 15, 20, 25, or 30-year term.

With Foresters, you can buy $400,000 worth of no exam term life insurance. They have an additional accelerated death benefit rider that you can add.

What Makes Foresters One of the Best No Medical Exam Life Insurance Companies?

One of the unique advantages of Foresters is the Charity Benefit Provision that is attached to their plans.

For no additional costs, Forester pays 1% of the face value to a registered charity that you will denote when you buy the policy.

Does Foresters offer any policy riders?

Foresters offer the following life insurance policy riders:

  • Accidental Death Benefit
  • Dependent Child

Foresters Life Insurance Company Review

13. American-Amicable No Medical Exam Life

american amicable Life Insurance logo

American-Amicable prides itself on being one of the first insurance companies on the market, being founded in 1910.

They currently hold a B++ rating from A.M. Best.

What Does American Amicable No Medical Exam Life Insurance Have to Offer?

Their Term Made Simple plan is one of the most popular options for no medical exam coverage, and it could be one of the best options for you.

Depending on your life insurance needs, you can buy $50,000 to $400,000 worth of life insurance in terms of 10, 15, 20, or 30-year term lengths.

As long as you’re between the ages of 18 to 75 when you apply, you’ll be qualified to purchase one of these plans without having to undergo the medical exam.

Because of the late application age, American Amicable is a great company to find no medical exam life insurance for seniors.

Does American Amicable offer any policy riders?

American Amicable offers the following riders:

  • Accidental Death Benefit
  • Total Disability Benefit
  • Waiver of Premium
  • Chronic Illness

American Amicable Life Insurance Company Review

4 Best Niche Life Insurance Companies

There are numerous no exam life insurance products available to you.

Sometimes the 13 best life insurance companies aren’t the best priced or won’t even take you because of a health complication.

Life insurance companies underwrite each risk differently. Some companies will look at risk more favorably than other companies.

If you find yourself getting more expensive life insurance quotes because of a health condition, look into one or more of the life insurance carriers highlighted on this page.

1. 5 Star Life Insurance Family Protection Plan

5star life insurance logo

If you’ve never been declined for life insurance and are still able to work (you don’t have to be working, just able to work), all you have to do is answer “no” to 7 health questions.

Who is 5 Star No Medical Life Insurance Best For?

As long as you don’t have cancer, leukemia, recent stroke, heart attack, coronary artery disease, heart surgery, COPD, emphysema, HIV/AIDS, hepatitis, cirrhosis, drug problems, or have been hospitalized in the last 90 days – you’ll qualify for coverage.

What Does 5 Star No Medical Life Insurance Have to Offer?

5 Star only goes to $150,000 of coverage and is guaranteed level premiums to age 100. It’s written through the Health Depot association so you get other benefits as well.

You can get instant quotes by filling out the form on the side and searching for 5 Star in the list of companies.

Just make sure you’re looking at $150,000 or less or else 5 Star won’t show up in the results.

2. Phoenix Life

Phoenix Life Insurance logo

I know we mentioned them above. However, we don’t talk about their tolerance for higher risks. They’re higher priced because of their living benefits…and also their tolerance for higher risks.

You have to understand that the best-priced companies typically have stricter underwriting guidelines.

Phoenix isn’t the cheapest, but it’s certainly not the most expensive either…which makes them a great choice for those with some controlled health complications.

As long as your risk is under control, there’s a good chance Phoenix will accept you.

Note: if your risk is not under control, no one will take you but a guaranteed issue life insurance company which we discuss in greater detail below.

Phoenix Life Insurance Company Review

3. AIG Guaranteed Issue

AIG logo

AIG offers guaranteed life insurance with no medical exam and no health questions.

What Does AIG No Medical Life Insurance Have to Offer?

Note: You may only purchase up to $25,000 of coverage and there’s a 2-year waiting period before complete benefits kick in: this is called the “graded” period.

How Can I Get No Medical Exam Life Insurance Coverage from AIG?

The application process is quick and easy over the phone. Signatures are completed via an email electronically.

No paper, no pen. An agent can also send you a paper application if you prefer as well.

You have to be over 50 years old to purchase one of these plans. If you’re under age 50, see below.

AIG Life Insurance Company Review

4. Columbian Life

columbian financial group life insurance logo

What Does Columbian Financial Group No Medical Life Insurance Have to Offer?

Not many agents or consumers have heard of Columbian Life. However, they have a guaranteed issue product for those between the ages of 25-80.

The max you can get between aged 25-45 is $10,000 of coverage. Above age 45 you can get $25,000 of coverage.

This makes them one of the best-guaranteed issue life insurance carriers on our list.

Cons of Columbian Financial Group No Medical Life Insurance Have to Offer?

However, there is a 3-year waiting period on benefits. Gerber and AIG only have a 2-year waiting period so if you’re over the age of 50, go to those carriers first.

Also, this is a paper application. You must mail the application back to your agent as they’ll need a wet signature.

Very niche carrier, but can help those between ages 25 and 45 that couldn’t otherwise qualify for coverage.

Columbian Life Insurance Company Review

How Much Does No Physical Life Insurance Cost?

Let’s compare some no medical life insurance rates from companies like American National and Mutual of Omaha, to give you an understanding of how much no medical exam life insurance policies cost.

No Medical Exam Term Life Insurance Rates

Note that all of these policies are for someone who is in the regular health rating, seeking $100,000 in no medical exam life insurance coverage.

Age Term Male Female
30 10 Yr $11/mo. $11/mo.
20 Yr $17/mo. $16/mo.
30 Yr $25/mo. $24/mo.
40 10 Yr $14/mo. $13/mo.
20 Yr $19/mo. $17/mo.
30 Yr $29/mo. $23/mo.
50 10 Yr $25/mo. $21/mo.
20 Yr $39/mo. $30/mo.
30 Yr $67/mo. $49/mo.
60 10 Yr $55/mo. $38/mo.
20 Yr $95/mo. $67/mo.
30 Yr $282/mo. $282/mo.

No Medical Exam Whole Life Insurance Rates

Note that all of these policies are for someone who is in the regular health rating, looking for a $50,000 life insurance policy with no exam.

Age Company Male Female
30 American National $13.99/mo. $11.37/mo.
40 Sagicor $21.29/mo. $18.45/mo.
50 Sagicor $31.93/mo. $27.36/mo.
60 Sagicor $50.66/mo. $43.41/mo.

Common Life Insurance Application Mistakes

Through the years, we have seen a lot of life insurance mistakes.

Because no medical exam insurance is a unique type of coverage, it’s important that you make the best option for your insurance needs.

We tend to see the same mistakes, some including:

  • Not comparing companies
  • Paying too much for life insurance coverage
  • Settling for the first company
  • Assuming you only have one or two options

We know that getting the best no medical exam life insurance can be a confusing process, but it doesn’t have to be.

We are here to help you avoid these mistakes and get the best insurance protection for your family.

How To Qualify For No Medical Life Insurance Coverage

If you’re in excellent health, skip this section – you’ll qualify easily. If you’re monitoring any health issue (even elevated cholesterol or blood pressure), you’ll want to continue reading below.

Please read and understand this next point closely. No medical exam life insurance does not mean there are no medical questions.

It simply means there is no medical exam required. No blood test nor urine specimen required.

Underwriting is still dependent on your overall health. There will be medical questions asked during the application process.

Each company is going to have different underwriting guidelines and accept or reject your application based on those guidelines.

Qualification for no medical life insurance is based on your answers on the life insurance company’s application and what many consumers don’t know, it also depends on your:

  1. Medical Information Bureau (MIB) Report
  2. Pharmacy Report
  3. Motor Vehicle Report

Most no exam carriers run all 3 of these reports after you submit an application to verify the truthfulness of your answers.

With that said, many carriers of no exam life insurance ask between 15-20 health questions on the application, while others only ask a few.

Some common questions on this type of policy application include the following:

  • Have you been diagnosed with a terminal illness (with a prognosis of fewer than 24 months to live)?
  • Do you smoke or use any form of tobacco?
  • Have you been diagnosed with HIV or AIDS?
  • Do you currently reside in a long-term care facility or hospital?
  • What are your height and weight?
  • Do you take any prescription medications?  What for?
  • Any history of cancer, stroke or heart issues?
  • Any felonies, bankruptcies or hazardous activities?

You get the idea.

The point is you’re not going to sneak anything through a no exam life insurance application.

Some carriers won’t accept you if you’re taking 2 blood pressure meds and a cholesterol medication because their underwriting guidelines won’t allow it even if you’re in great health and have it under control.

Other companies will take you at their best health classification.

What is the Waiting Period on a No Exam Life Insurance Policy?

Most carriers place a 2-year waiting period on no exam life insurance plans. So, If you died in the first two years after you bought the plan, then your family wouldn’t get paid from the insurance plan.

Some companies will return your premiums if this happens, others won’t. It depends on the company.

If you want to purchase a no exam policy, but you don’t want to have to wait two years for your policy to be in full force, there are a few insurance companies that offer life insurance without the exam, but won’t have the waiting period.

These plans are not very common, and they are going to be more expensive than a plan with a waiting period.
Without the waiting period clause attached to the plan, the insurance companies are going to want more money for the protection. Those plans are riskier for them.

Why Do Life Insurance Companies Have Waiting Periods?

There are several reasons that insurance companies place this waiting period on the no exam plans. The most common reasons that they place these restrictions on no exam plans is to keep people from purchasing one of these policies and then committing suicide.

Before the waiting periods were in place, there were a lot of applicants would purchase a life insurance plan right before they committed suicide. They would do this so their families would get the money from the policy.

The other reason that the companies have these waiting periods in place is to offset all of the risks that they are taking. Depending on the no exam plan, the insurance company may not be getting a ton of information about the applicant.

Because there is no health exam required, the insurance company may not know about any severe health complications that you may have. If you have a serious health problem, and the insurance company doesn’t know about it, the insurance company could end up paying out in the first year, which means they are losing money.

What is the Best Way to Get No Exam Life Insurance Coverage?

The best way to qualify for no exam life insurance is to speak with an independent life insurance agent.

Be open and honest with your agent about your health situation and let them compare the underwriting guidelines of all the no exam life insurance and simplified issue life insurance carriers.

Remember, there’s always an option.  If you’re in very bad health, there’s guaranteed issue life insurance carriers with no questions asked.

We mention them above with Gerber, AIG, and Columbian.

Who Is No Exam Life Insurance Best For?

There are 4 main reasons why consumers purchase no exam life insurance (as opposed to traditional fully underwritten life insurance):

1. The convenience

Most just want the life insurance process to be done with quickly and their family protected without having to jump through all these hoops and wait 4-8 weeks….and they’re willing to pay 10%-15% more for quick and easy life insurance. They know they can cancel the policy when they have more time to lower their rates.

2. You don’t like getting stuck with a needle or peeing in a cup

No one enjoys getting poked with a needle, but if you’re like many consumers it can be a deal breaker.  No exam life insurance makes it so those fearing the exam can still get life insurance.

3. You need coverage fast

With traditional underwriting time taking 4-8 weeks, you can take a no exam life insurance policy and get coverage within 48 hours and sometimes the same day.  So, if you’re about to go on a big trip, your coverage expired or lapsed or need coverage to secure a loan, no exam life insurance is a great fit for your situation and can help you secure affordable term life insurance with no health exams.

4.  You haven’t seen a doctor in 2-5 years

If you haven’t seen a doctor in 2-5 years, you don’t know what’s going to happen on the medical exam. Your triglycerides, a1c levels, cholesterol or blood pressure could be problematic in securing affordable coverage.

Through the years, we’ve gotten a lot of questions about getting no exam life insurance coverage for people that are 50 or older. The majority of clients that we talk to assume that they are too old to get no exam coverage, but that isn’t true. Regardless of how old you are, it’s possible to get affordable life insurance coverage.

At first glance, the idea of getting life insurance without having to take a medical exam sounds like the perfect option. Nobody wants to have to go through the medical exam, have their blood drawn, and then wait for the results. But be aware because there are several pros and cons when it comes to no exam plans.

Applying with no exam gives you peace of mind that no matter what, you’re covering your loved ones with life insurance. At the very least, get a no exam life insurance policy in force…and then apply for fully underwritten coverage and if your lab work is fine, you can cancel the no exam policy.

Generally, you must be in overall good health to qualify for a no exam life insurance policy. Other potential candidates may be those who feel faint when faced with taking a blood test, dislike needles or simply do not have time.

For those who are not in good health, we recommend seeking coverage from one of our guaranteed issue life insurance carriers.

The Advantages Of No Exam Life Insurance

  • It offers fast and easy life insurance coverage
  • It does not require medical examinations that could reveal poor health and cause higher rates
  • Just a few basic health questions are asked
  • It offers affordable life insurance coverage for people with health conditions
  • Despite what many may think, you can find affordable no medical exam life insurance rates on the market

The Drawbacks Of No Exam Life Insurance

  • The cost of no exam life insurance will always be higher than those with a medical exam
  • There is usually a maximum coverage amount of $50,000 for guaranteed issue and about $250,000 for simplified issue
  • People in good health should not purchase no exam life insurance.

Susan Wright, CLU, ChFC, RHU, REBC, ADPA, CITRMS, CIPA has been in the insurance and financial field for over 27 years. Even with years of experience, she continues to create new resources for others. Everything from books to training material.

Susan received her MBA from St. Louis University and her BA from Michigan State University.

She has worked in several areas but excels in writing material for both finances and insurance. Her goal is to give professionals credibility and assist in streamlining the sales process.

She has written countless articles for a variety of websites.

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