I think you’ll agree with us when we say that taking a medical exam for life insurance is inconvenient and intrusive.
It turns out, there are no exam life insurance policies which don’t require you to take a medical exam to qualify for affordable life insurance.
If you know where you want to go, just click one of the quick navigation links below, or simply keep reading.
How To Get Life Insurance Without An 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 exam may be required for policy underwriting purposes.
Over the years, however, different policy options have been developed – some that have changed the life insurance qualification process. In order to speed up the time in underwriting, as well as to cut underwriting costs, many top-rated life insurers have opted to forgo the medical 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.
There are many reputable life insurance companies that offer these types of no exam plans. 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.
InsuranceScored has “Scored” these no exam life insurance products to help you make the best decision in protecting you and your loved ones.
13 Best No Exam Life Insurance Companies
Lets first talk about how we determined the 12 best no exam life insurance companies. We looked at 3 key components to each company:
- Affordability – Many no exam 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.
- Reliability – How long have they been around? How are their financials? Are there any issues paying claims?
- 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 best no exam 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.
No Exam Company #1: Haven Life
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. 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. 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.
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.
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 life insurance policies to those who qualify based on age and health.
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.
We recognize how important life insurance rates are towards your ultimate decision. We suggest you use our easy form below to give you a quick quote.
No Exam Company #2: Mutual of Omaha
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.
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 plan, they will offer coverage to anyone between the ages of 30 – 74 and you can buy up to $100,000 worth of protection.
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.
To learn more about this company, read our Mutual of Omaha Life Insurance Company Review!
No Exam Company #3: Transamerica
Transamerica is one of the oldest companies on our list of top non-medical 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.
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.
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 coverage from $25,000 to $100,000 and as long as you’re between the ages of 18-64, you qualify for insurance coverage.
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.
To learn more about this company, read our Transamerica Life Insurance Company Review!
No Exam Company #4: Sagicor
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 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!
They offer no exam 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.
One common request from customers is: How fast can I get protected? 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.
To learn more about why we confidently recommend Sagicor Life, read our Sagicor Life Insurance Company Review!
No Exam Company #5: Phoenix Life
Quick Tip: You can get instant quotes for Phoenix by filling out the instant quote form on the side.
Phoenix’s Safe Harbor Term Express allows you to get up to $500,000 of coverage within days.
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 a heart attack, cancer, stroke renal failure, major organ transplant or 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 life insurance carriers.
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.
To learn more about this company, read our Phoenix Life Insurance Company Review!
No Exam Company #6: American National (ANICO)
Quick Tip: You can get instant quotes for American National by filling out the instant quote form on the side.
American National’s signature term only goes up to $250,000 of coverage without an exam but you can get an approval within 3 business days, sometimes even same day and the pricing is very competitive.
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 has an “A” rating by AMBest and has been around since 1905. It’s a reliable and stable company.
To learn more about this company, read our American National Life Insurance Company Review!
No Exam Company #7: North American Company
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. If you’re looking for a stable company with a long track-record, look no further.
Through North America’s LifeVue policy, you can get immediate life insurance coverage with no waiting periods and one simple phone call. Their LifeVue term 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.
To learn more about this company, read our North American Life Insurance Company Review.
No Exam Company #8: Fidelity Life
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.
They have several different options for life insurance coverage, each of them has different advantages. There are two plans that allow you to purchse life insurance without a medical exam. 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.
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.
To learn more about this company, read our Fidelity Life Insurance Company Review!
No Exam Company #9: Gerber
Gerber traditional 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.
They have three different options, a term life insurance plan, a whole life policy, and a guaranteed life plan. Both the term and whole life plan are 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.
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.
To learn more about this company, read our Gerber Life Insurance Company Review!
No Exam Company #10: Assurity
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.
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.
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.
To learn more about this company, read our Assurity Life Insurance Company Review!
No Exam Company #11: Principal
Principal Life Insurance company has superior ratings from all of the different financial rating companies, 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.
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 eliminated 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.
To learn more about this company, read our Principal Life Insurance Company Review!
No Exam Company #12: Foresters Financial
Foresters has offered quality coverage for many years, but they have recently added new no exam options. 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.
These 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 life insurance without having to take a medical exam. They have an additional accelerated death benefit rider that you can add.
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.
To learn more about this company, read our Foresters Life Insurance Company Review!
No Exam Company #13: American-Amicable
American-Amicable prides itself on being one of the first insurance companies on the market, being founded in 1910. They currently hold an A rating from A.M. Best, which is one of the highest ratings offered.
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.
To learn more about this company, read our American Amicable Life Insurance Company Review.
Best Niche No Exam 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 a risk more favorably than other companies. If you find yourself getting more expensive quotes because of a health condition, look into one or more of the life insurance carriers highlighted on this page.
5 Star Life Insurance Family Protection Plan
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.
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.
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.
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.
AIG Guaranteed Issue
AIG offers life insurance with no medical questions.
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.
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.
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.
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.
Common No Medical Exam 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.
- 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 Exam 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 exam 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 and (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 less 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 is 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.
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.
Who Is A Good Candidate For No Exam Life Insurance?
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 a quicker and easier process. 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.
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. Applying with no medical exam gives you peace of mind that no matter what, you’re covering your loved one’s 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 medical 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.
The Advantages Of No Exam Life Insurance
Upon death, many individuals want to ensure that their surviving loved ones are taken care of financially. This issue is usually alleviated by purchasing life insurance to cover funeral expenses, as well as other debts of the decedent.
Applying for more traditional types of life insurance coverage can often be time-consuming. Typically, the process involves several different steps, including that of a medical exam in order to rule out any adverse health conditions of the applicant.
A no exam life insurance plan, however, can be applied for without an individual being required to provide blood and urine samples – and may often only require the individual to answer just a few basic health-related questions in order to qualify for coverage.
This makes these policies a wonderful option for you if you are too busy to complete a medical exam or simply do not like needles. Another big benefit is much faster underwriting as medical exams often can cause lengthy delays.
Drawback of No Exam Life Insurance
On the other side of the coin, there are going to be several pitfalls of these plans as well. It’s important that you get the best life insurance plan to meet your needs, and you should be aware of the serious disadvantages of these policies.
One of the most notable disadvantages of these plans is the price. A life insurance plan without the physical exam is going to cost much more than a traditional insurance policy. The purpose of the medical exam is to give the insurance company an idea of how much risk you are to accept for coverage, but without that exam, they are taking a much greater risk, and they are going to offset that by charging you higher premiums.
Another problem with these plans is that you can only buy so much coverage without taking the physical. Most insurance companies will only sell you around $250,000 before they require a medical exam, and for the majority of families, that will not be enough life insurance protection. Some companies sell larger no exam plans, like $500,000 or even $1 million, but those policies are costly.