The following article covers our picks for the best no-exam life insurance companies. We believe these companies offer our clients the best no-exam life insurance policies and procedures to get Coverage in the marketplace right now. If you have any questions or see a company you’d like to apply with, please call us so we can help you through the process.
Top 10 Best No Exam Life Insurance Companies
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AIG
AIG offers a guaranteed issue life insurance policy. The policy does not require a life insurance health exam; no health questions are directed. This policy provides whole-life Coverage with fixed premiums, a guaranteed death benefit, and cash value growth.
AIG’s guaranteed issue life insurance is available for U.S citizens ages 50-85, with face amounts ranging from $5,000 to $25,000 in Coverage.
The policy is a guaranteed issue, so there is no exam and no need to answer health questions. As long as you meet the requirements of living in an approved state and you are between 50 and 85, you will be approved for Coverage.
AIG’s guaranteed issue life insurance has a two-year graded death benefit, which means that if you die in the first two years of the policy, the death benefit will not be paid in full. Instead, during the first two years, the policy will pay 110% of premiums, with the full death benefit paid after two full years of the policy being in force.
For more, please visit our AIG Life Insurance Review.
American Amicable
A.M. Best Rating: A
American Amicable’s no-exam life insurance coverage is known as Term Made Simple. This is a no-physical-exam required term life insurance with some unique life insurance riders, such as a terminal illness and chronic illness rider.
Term Made Simple plan highlights:
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- Eligibility: 18-65 years old; 75 for a ten-year term
- Blood work required: No
- Physical Exam: No
- Policy Term Lengths: 10, 15, 20 and 30 years
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For more, please visit our review of American Amicable.
Assurity
A.M. Best Rating: A-
Assurity offers both simplified issue term life insurance and simplified issue whole life insurance.
Available for ages 18 – 65, Assurity is sure to be a competitive option for anyone who wants Coverage but does not want to take an exam.
The death benefit for simplified issue term life insurance goes up to $350,000.
The company’s critical illness rider is an additional option that needs to be considered.
Lifescape NonMed Term 350
Assurity’s no medical exam term life insurance includes the following features:
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- Available for ages 18 to 65.
- $50,000 up to $350,000 in Coverage.
- Terms available: 10, 15, 20 and 30 years
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For more, please visit our review of Assurity.
Fidelity Life
A.M. Best Rating: A-
Fidelity Life offers a term life insurance policy, a simplified issue called Rapid Decision Express.
Rapid Decision Express:
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- Term Length: 10, 15, 20, and 30 years
- Ages 18-65, renewable to age 95
- Non-Medical Underwriting: No urine sample, No blood draw, No attending physician statement
- Approval time in days, not months
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For more, please visit our review of Fidelity Life.
Foresters Financial
A.M. Best Rating: A
Foresters is one life insurance company you must look into if you want a life insurance without a medical exam. They have an excellent rating and a range of products for life insurance, no physical exam policies.
PlanRight Whole Life Insurance: this policy offered by Foresters is a no-exam permanent life insurance coverage. The policy builds cash value that can be borrowed from if needed.
Foresters Financial’s whole life insurance includes:
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- Fixed Death Benefit
- Graded Death Benefit
- Modified Death Benefit
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For more, please visit our review of Foresters.
Gerber Life Insurance
A.M. Best Rating: A
The people who make such popular baby food also provide a guaranteed issue life insurance policy! Sounds funny, but the truth is that Gerber Life Insurance has an excellent final expense life insurance policy. They have pretty affordable rates and a great name in the industry.
Gerber Guaranteed Issue Life Insurance Policy offers:
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- Coverage: up to $25,000
- No Health Questions
- No Medical Exam
- Guaranteed Issue
- Ages 50-85
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For more, please visit our review of Gerber Life Insurance.
Mutual of Omaha
A.M. Best Rating: A+
Also referred to as United of Omaha, this life insurance company offers both term life insurance policies and whole life without an exam; that will be great for covering your burial expenses and giving your family members the cushion they’ll need to protect your final expenses.
Living Promise Whole Life
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- No exam whole life insurance
- Builds cash value
- Minimum Coverage: $2,000
- Maximum Coverage: Up to $40,000
- Eligibility: 45-85 years old
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Term Life Express
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- Terms Available: 10, 15, 20 and 30 year
- $25,000-$400,000 face amounts available.
- Return of Premium option available.
- Renewable to age 100.
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For more, please visit our review of Mutual of Omaha.
North American Company
A.M. Best Rating: A+
North American Company offers a simplified issue term life insurance policy called LifeVue Simplified Issue. The no-exam term life insurance policy does require you to answer a few questions related to your health and lifestyle choices, but you will not have to take a medical exam or any blood tests. North American Company also offers multiple underwriting classes depending on your answers.
LifeVue Simplified Issue
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- Eligibility: 18-50 years old
- Available in 15, 20, and 30-year terms.
- Coverage: up to $500,000
- Accelerated Death Benefit
- No physical exam is required
- Multiple Underwriting Classes:
- Super Preferred
- Preferred
- Standard
- Substandard
- Preferred Tobacco
- Standard Tobacco
- Substandard Tobacco
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For more, please visit our review of North American Company for Life and Health.
Principal Financial Group
A.M. Best Rating: A+
Principal Financial Group is another great option for anyone seeking a life insurance policy with no medical exam. They have one of the highest death benefits for this kind of simplified issue coverage with up to $1,000,000 no exam life insurance available.
You will have to answer health questions during the application and interview process. The insurance company will use that information to decide if you are eligible for a term life policy with no exam. About 50-60% of applicants will not have to take a life insurance medical exam.
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- Accelerated Underwriting
- Approvals in as quick as 48 hours
- No exam coverage up to $1,000,000
- Term Length: 10,15, 20, or 30-year term life policy
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For more, please visit our review of Principal Financial Group.
Transamerica
A.M. Best Rating: A+
Transamerica is another excellent option for anyone who wants a term life insurance policy without a medical exam.
- $25,000 no physical exam life insurance up to $249,999
- Term Length: 10, 15, 20 or 30 year
The company is known for its outstanding customer service and innovative products, including many simplified issue policies that have additional coverage benefits such as riders like:
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- critical illness
- chronic illness
- terminal illness
- disability
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For more, please visit our review of Transamerica.
Honorable Mentions
At any given time, one of the following companies may offer you the best no-exam life insurance. Ultimately, it all comes down to your specific need and aligning you with the right company to meet it.
American National
A.M. Best Rating: A
This is a great life insurance company for no medical exam term life insurance and permanent life insurance policies. They have multiple options, including:
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- ANICO Signature Term
- ANICO Executive Universal Life
- Signature Indexed Universal Life
- Affinity 7 NQ Whole Life
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Each policy is different, but you can find:
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- Eligibility: up to 80 years old
- Simplified Issue Coverage: Up to $250,000
- Approval: Less than 72 hours
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For more, please visit our review of American National.
Phoenix Life/Nassau RE
A.M. Best Rating: B+
Phoenix Life/Nassau RE provides a competitively priced no-exam term life insurance policy with the following benefits:
Safe Harbor Term Life Express
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- Ages 18-80
- $25,000 Simplified Issue Life Insurance up to $400,000
- 10, 15, 20 and 30-year terms available
- Accelerated Benefit Riders (where available):
- Critical Illness
- Chronic Illness
- Terminal Illness
- Unemployment waiver of premium rider
- Conversion Option
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For more, please visit our review of Phoenix Life.
Sagicor Life
A.M. Best Rating: A-
Sagicor offers Accelewriting for the term, universal life, and whole life insurance. Accelerating is Sagicor’s name for its accelerated underwriting, i.e., no exam life insurance. Both term policies and permanent life insurance policies are available.
Sage Term
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- Simplified issue term life insurance
- $25,000 to $500,000
- 10, 15 and 20-year terms
- Ages 18-65
- Accelerated Benefit Insurance Rider
- Conversion Option
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Sage Universal Life
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- Simplified issue universal life insurance
- $25,000 to $400,000
- Ages 16-65
- Accelerated Benefit Insurance Rider
- Built-in Lapse Protection
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Sage Whole Life
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- Simplified issue whole life insurance
- Ages 16-65
- Accelerated Benefit Insurance Rider
- $25,000 – $250,000
- Guaranteed Level Premiums
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For more, please visit our review of Sagicor Life Insurance.
What About Haven Life Insurance?
Haven Life Insurance is a subsidiary of MassMutual. Haven Life offers no-frills term life insurance policies as either accelerated underwriting or simplified issue. Both require answers to health questions.
Haven Life Insurance does not make our “best of” list because the company only represents one offering. Suppose you genuinely want to find the best Coverage for you. In that case, it is recommended that you shop around with an agency that can offer multiple companies instead of only one, which is why we do not recommend Haven Life Insurance.
What is a “No exam life insurance policy”?
A no-exam life insurance policy, also known as a simplified issue or guaranteed issue life insurance policy, does not require the policyholder to undergo a medical exam as part of the application process. Instead, the insurer will typically ask the applicant to complete a medical questionnaire and may request access to the applicant’s medical records.
No medical exam life insurance is generally more expensive than a traditional medically underwritten policy, as the insurer is taking on more risk by not having the opportunity to assess the applicant’s health. These no-exam policies may also have lower coverage limits and may exclude Coverage for specific health conditions.
In our opinion…
No exam life insurance policies can be a good option for individuals who are unable or unwilling to undergo a medical exam due to time constraints, physical limitations, or other reasons.
No exam life insurance may also be a good choice for individuals with pre-existing medical conditions that might disqualify them from traditional Coverage (guaranteed issue of no medical exam policies).
Are all no-exam life insurance policies the same?
No, not all no medical exam life insurance is the same. These policies can vary regarding coverage limits, exclusions, premiums, and other features and benefits.
It’s important to carefully compare the features and benefits of different no-exam life insurance coverage before deciding.
Some things to consider when comparing these policies that don’t require an exam include:
- Coverage limits: No medical exam life insurance policies generally have lower coverage limits than traditional ones requiring a medical exam. It’s important to consider the Coverage you need and whether a no-medical exam policy will meet your needs.
- Exclusions: No medical exam policies may exclude Coverage for specific health conditions or medical procedures. It’s important to understand what is and is not covered by the policy you are considering.
- Premiums: No medical exam policies are generally more expensive than traditional policies due to the higher risk the insurer takes. It’s important to compare premiums from multiple insurers to find the most affordable option.
- Additional features and benefits: Some no-medical exam policies may offer other features and benefits, such as accidental death coverage or long-term care benefits. It’s important to consider whether these features are important to you and whether they are offered by the policy you are considering.
How No Exam Life Insurance Companies Determine Your Risk
No exam life insurance companies determine your risk by considering various factors, including your age, gender, health, and medical history. They may also consider other factors, such as your lifestyle and occupation, as these can impact your overall health and risk of death.
When you apply for a no-exam life insurance policy, the insurer will typically ask you to complete a medical questionnaire with questions about your personal and medical history. They may also request access to your medical records.
Based on your information, the insurer will use actuarial tables and other risk assessment tools to determine your risk profile and assign you a risk classification. This classification will determine the premium you will pay for your policy.
It’s essential to be honest and accurate when completing the medical questionnaire and providing information about your health. Providing false or misleading information could result in your policy being denied or canceled or your beneficiary being denied a claim in the event of your death.
It’s also worth noting that no exam life insurance generally has lower coverage limits and may exclude Coverage for specific health conditions. It’s important to consider your Coverage needs carefully and whether a no-exam policy fits you.
What if I Don’t Qualify for No Exam Life Insurance?
Other options are available if you cannot qualify for a no-exam policy.
Traditional Coverage
One option is to apply for traditional life insurance coverage that requires a medical exam. These exam policies generally offer a more comprehensive range and may be more affordable, especially for healthy individuals.
To apply for a traditional life insurance policy, you may need to undergo a medical exam as part of the application process. The life insurance medical exam will typically include a blood and urine test and height, weight, and blood pressure measurements. The insurer may also request access to your medical records.
Guaranteed Issue
Suppose you cannot qualify for a traditional life insurance policy due to a pre-existing medical condition or other factors. In that case, you may still obtain Coverage through guaranteed issue life insurance.
These guaranteed acceptance life insurance policies are designed for individuals with severe health conditions or other high-risk factors and do not require a medical exam. However, these policies generally have lower coverage limits and higher premiums and may exclude Coverage for specific conditions.
It’s a good idea to shop around and compare quotes from multiple insurers to find the best policy for your specific needs and circumstances, as well as speak with an experienced insurance agent who can help you explore your options and determine the best Coverage for you.
And there you have it…
Our top 10 no-exam life insurance companies. We know other life insurance companies offer no physical exam life insurance – another company may be right for you and your needs.
The best way to know which life insurance company has the right policy is to speak with an expert in the no-exam insurance marketplace.
At InsuranceBrokersUSA, we work with dozens of the best life insurance companies in the United States, many of which offer life insurance with no medical exam required.
As an independent life insurance broker, we aim to help you find the one that works with your budget and overall needs.
We have no vested interest in pushing one life insurance company over another. This allows us to help you find the best life insurance company based on your needs rather than on who offers the most incentives.
So what are you waiting for? Give us a call today and experience the IBUSA difference!
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