You probably landed on our site because you wanted to learn how to buy life insurance with no exam required.
The speedy no-exam application process is ideal for time-crunched people who need to buy term, universal, and whole-life coverage quickly!
We will evaluate all the coverage options from America’s best no-exam life insurance companies.
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Buying Life Insurance No Exam Required
With no-exam life insurance, applicants are only asked a series of medical questions without any physical exam typically being required.
Because no physical life insurance does not require lab tests, there is less chance of being declined for coverage.
You can purchase term, universal, and whole life insurance without a physical exam.
Guaranteed universal life insurance is the best choice for those needing lifetime coverage.
While no-exam term life insurance will always be the cheapest option for younger buyers wanting to secure the most coverage for a reasonable cost.
Yet, non-med-term life insurance for seniors can be challenging to find because of the age limits imposed by most insurance companies.
Term Life Insurance No Medical
Term Life Insurance No MedicalIn the past, buying no-exam term life insurance would generally be more expensive than medically underwritten policies.
The simplified underwriting process involves only asking a few medical questions to determine if you are approved or declined for coverage.
However, many insurance companies also offer cheap life insurance without medical exams to healthy people that have seen their doctor in the last few years.
The premiums on these cheaper no-exam policies are based on the medical history and lab work accessed from your doctor’s records.
Like fully underwritten coverage, term policies can be purchased for between ten and forty years.
However, because no lab work is required, your death benefit is capped at a specific limit that each insurance company determines.
Here is the typical underwriting process used by insurance companies that offer the best rates and more significant death benefits.
Buying term life insurance without a medical exam
- Most policies are applied over the telephone or online.
- These policies provide an immediate death benefit and are still fully underwritten by the insurance carrier.
- Instead of an exam, you will be required to do a phone interview.
- During the interview, you will be asked if you have ever been diagnosed with any medical conditions, like heart disease, cancer, or diabetes.
- Insurance companies will also look at your medical records and prescription drug history.
- They will also review your Medical Information Bureau (MIB) records showing any results of medical tests you have taken with other life insurance companies.
- Finally, the insurance company will review your driving records to see if you have any accidents or speeding tickets.
- Be ready to answer your phone interview questions by having your medical history and medications available to streamline your application process.
No Exam Term Life Insurance Quote
Best No Exam Life Insurance Companies
Best No Exam Life Insurance CompaniesIf you need term or permanent life insurance coverage, it is probably available without doing a physical exam.
Yet, many insurers do not offer no-exam life insurance, so you must do homework to find a company to help you.
- Cost: Getting cheap, no medical exam life insurance can be challenging if you do not know where to look. We look for insurers that charge policyholders the same premiums with or without lab work.
- Financial Stability: Financial ratings for life insurance companies are essential when selecting a life insurance company for our clients. We monitor life insurance companies’ financial strength and claims-paying ability using several rating agencies.
- Approval Time: How long does it take for your policy to get approved? We monitor each company’s underwriting time to get a policy in your hands quickly.
Accelerated underwriting
Accelerated underwritingWe highly recommend Penn Mutual and Pacific Life for both term and universal life insurance coverage.
While Banner, Lincoln Financial, and Transamerica made the 2023 Forbes list for best no-exam term life insurance companies.
Policies for these highly rated companies usually require access to your medical records, which takes longer to get approved for coverage.
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Penn Mutual Life
Time-crunched healthy buyers between the ages of 20 and 65 can secure up to a $7,500,000 death benefit without lab work.
Penn Mutual’s term insurance rates are competitively priced, and they offer many excellent permanent life insurance solutions if you need lifetime coverage.
According to Forbes Advisor, Penn Mutual’s universal life offers thrifty buyers competitive internal policy costs to help maximize the death benefit for the premiums paid.
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Pacific Life
Pacific Life offers coverage up to $5 million without a medical exam to up to 50 years old and $3 million until age 60.
Pacific is an excellent choice for older applicants between 50 and 69 needing up to a $1,000,000 policy without blood work.
Pacific requires you to have completed an annual exam and blood work with your doctor within the last 18 months to qualify for no-exam coverage.
You can choose from some of the industry’s cheapest term insurance, with face amounts starting at only $50,000.
Pacific’s permanent insurance portfolio includes guaranteed, indexed, and variable universal life insurance policies.
CNBC has ranked Pacific Life as one of the best life insurance companies for 2023, with its universal portfolio ranking number one!
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Banner Life
Legal & General offers affordable no-medical life insurance through Banner Life and its New York sister company William Penn Life.
Banner offers no exam term life insurance for between 10 and 40 years through an automated underwriting program.
Banner is an excellent option for healthy people aged 20-50 who want to quickly secure up to a $ 500,00o death benefit without a urine and blood sample.
Banner Life primarily focuses on selling cheap term coverage and does not offer competitively priced universal life coverage.
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Lincoln Financial Group
The combination of excellent products and liberal underwriting make Lincoln National a solid choice for healthy and those with a few medical conditions.
Lincoln Financial offers universal and term life insurance for buyers ages 18 to 60, with coverage starting at $100,000 and going up to $1 million.
simple issue term life insurance
simple issue term life insuranceWhile simplified issue term policies are typically more expensive, they offer much faster approval times.
With these companies, you can potentially get approved for a simplified issue term insurance policy in minutes.
These are great options when you need term insurance coverage quickly and don’t want to wait for weeks using the traditional underwriting process.
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North American Life
North America has a simplified issue policy that requires you to answer health questions but does not require you to take a medical test.
North American offers term life insurance for as little as a $50,000 death benefit, with approvals often made in under 30 minutes.
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Mutual of Omaha
Mutual of Omaha offers term lengths between 10 and 30 years with coverage ranging from a $25,000 to a $300,000 death benefit.
You can buy coverage between ages 18 and 65, and you only need to undergo a telephone interview rather than take a medical test.
Mutual of Omaha only offers a standard rate class but tends to be more lenient in underwriting people with medical issues.
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Fidelity Life
Fidelity’s no physical life insurance offers a variety of term periods with death benefit protection up to $1,000,000.
Fidelity’s Rapid Decision Express is a terrific non-med product that only requires you to answer a few health questions to qualify for coverage.
If you pass the medical questions, the approval process is fast, and people are approved in less than 5 minutes.
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American National
American National only offers standard rates and issues policies under a $250,000 death benefit.
American National Life will consider people with minor health problems like high blood pressure, type 2 diabetes, and sleep apnea.
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Assurity Life
Assurity Life Insurance company offers up to a $350,000 death benefit, with no medical exam and no waiting period.
Assurity life insurance reviews most applications digitally, and approval can happen in less than 48 hours!
Assurity is an excellent company for smokers too! Assurity offers some of the lowest life insurance rates for smokers without doing lab work in the insurance industry.
No Medical Exam Life Insurance for Seniors
No Medical Exam Life Insurance for SeniorsYou may have noticed that term life insurance without a medical exam is primarily unavailable for seniors over 60.
It’s good to know that healthy seniors have Pacific life, which offers coverage until age 69, and Penn Mutual, which provides coverage until age 65.
However, most seniors over 70 will need to purchase an expensive whole-life policy if they do not want to undergo any health screening.
These no-exam whole-life policies have smaller death benefits and are best for seniors in average to poor health.
Most simple issue whole-life policies only require a brief application or telephone interview, and most applicants are approved for coverage.
Whole Life Insurance No Medical Exam
There typically are two types of whole life insurance that seniors can buy without taking a medical test.
These whole-life policies are strictly purchased for the death benefit only and are not meant for cash value accumulation.
Policies that do not have a health screening test are popular with seniors looking for small whole-life policies to pay for final expenses.
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Guaranteed Issue Whole Life
Guarantee issue offers you coverage with no health questions asked with guaranteed approval as long as you can afford the higher premiums.
These policies are best for older people with severe health conditions who wish only to cover their final expenses.
Final expense companies to consider are Mutual of Omaha, AIG, and Gerber Life, offering coverage with no health questions to answer, and you are automatically approved!
However, if you die in the first two years, you will not get the total face value, except for accidental death.
Mutual of Omaha was recently voted as best in class for its guaranteed issue policy by Business Insider.
Here are the final expense insurance rates for a $10,000 death benefit for males with the top insurers.
$10,000 Guaranteed Issue Whole Life
| Insurer | Age 60 | Age 70 |
| United of Omaha | $56 | $89 |
| AIG | $58 | $90 |
| Gerber | $65 | $94 |
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Simplified Issue Whole Life
Simplified issue life insurance is another non-med option for seniors. Simplified issue policies offer lower rates and higher death benefits than guaranteed issue policies.
However, you will be required to fill out a brief medical questionnaire and could be declined for coverage if you have a more complex medical history.
Mutual of Omaha and Transamerica have simplified underwriting with no waiting period for paying a death benefit.
Plus, if you do not qualify for full benefits coverage, you are still eligible for a smaller guaranteed death benefit with both companies.
Buyer Savings Tip
Many seniors do not qualify for the simplified underwriting process because of age restrictions.
Remember that there are usually cheaper term and whole-life options for senior buyers willing to take an exam.
These simple urine and blood tests are done at your home in only a few minutes, and the results can be shared with your doctor.
Plus, you do not have to be in perfect health, and many common medical conditions can be insured at preferred rates!
We can help you shop around and examine plans from multiple insurers to guarantee you are getting the most desirable contract.
Using our calculator, you can evaluate life insurance rates without speaking with an agent.
No Medical Exam Life Insurance Quote
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Affordable Life USA is dedicated to providing comprehensive life insurance solutions to families and business owners throughout the United States.
For over thirty years, our agency has provided a platform for comparing hundreds of life insurance policies without the stress of high-pressure sales tactics.
Our experienced team of financial planners has helped thousands of clients obtain affordable coverage through our efficient online application process.
Our founder, Eric Van Haaften, expanded our consumer-centric sales model nationally by leveraging the influence of renowned publications such as Time, Newsweek, and The Wall Street Journal.
Eric acquired his love for quantitative analysis while getting his business degree from Ferris State University, which provided a solid foundation for his analytical approach to financial planning.
Eric Van Haaften, LUTCF
1-877-249-1358
