What Is No Exam Life Insurance?
“It is term insurance that uses a health questionnaire instead of an exam. Simplified issue life insurance is the official name for it.”
Why Buy Life Insurance Without an Exam?
There are many reasons you may want to get life insurance without having to take the health exam. The most common reason with people is that they want to get life insurance fast. They might have tried to go the traditional route in the past, and after wasting several weeks have given up.
Most need it for family income protection. Some need it for the closing of an SBA loan, while others may have life insurance as a requirement of their divorce. Whatever the reason, getting life insurance is quick and easy these days.
Best Life Insurance Companies That Offer No Exam Products
Our #1 Choice – Sagicor Life Insurance
For term life insurance without an exam, Sagicor Life Insurance is one of the top choices in the market. Their Sage Term product offers coverage from $25,000 to $500,000. Customers can often have a policy in force within a few hours. Sagicor offers a competitive price and quick turnaround time. This earns them the #1 spot in our opinion. Sagicor accepts ages 18-65 for term life insurance with no exam. Please see our in depth review of Sagicor here.
Coverage from $25,000 to $500,000.
10, 15, and 20 year terms.
Accelerated death benefit.
Fast approval time.
AM Best BBB-Rated.
Our Pick For People Under 50 – North American Life Insurance
A great option for those looking for a quick approval is North American’s LifeVue Term product. It offers fast and affordable term coverage without an exam. The application process is fast with most applicants getting a decision in minutes. There is an age limit on this product, so this will be a great choice for those shoppers under age 50.
Note: Not available for California residents.
North American Summary:
Coverage from $50,000 to $500,000.
15, 20, and 30 year terms.
Accelerated death benefits.
Instant decision via phone.
The Saving Bank Life Insurance Company of MA (SBLI)
One of the most affordable options is from SBLI. They offer coverage at a price like what you would receive by choosing a traditional policy. While the price is great, the turnaround time is a bit longer than Sagicor or North American. The average time for a decision is 4-6 weeks with SBLI, and often will need medical records from your doctor. See our full review of SBLI here.
4-6 weeks for a decision.
10, 15, 20, 25, and 30 year terms.
Up to $500,000 of coverage
Transamerica is one of the most well known life insurance companies today. They maintain an A+ rating with AM Best and have been in business for 100 years. Transamerica offers a term life insurance product without an exam. It has coverage amounts up to $250,000. They are often a top choice for senior citizens looking for life insurance. Transamerica offers products up to age 80 and beyond. Depending on age, you may have to take an exam. It’s best to speak with one of our licensed agents by calling 888-407-0714.
Phoenix Life Insurance
Phoenix is a good option for those that are looking for living benefits. They are also a great choice for seniors or anyone over the age of 60. Phoenix offers several different term products that do not need an exam and issues a decision in a few days.
Up to $500,000 of coverage.
10, 15, 20, and 30 year terms available based on age.
Fidelity Life Insurance
Fidelity offers a great no exam product called Rapid Decision Express. It offers coverage for individuals ages 18 to 95. Like most no exam policies, the application contains medical questions. The underwriting checks the available records from MIB, MVR, and Rx database. Term lengths are 10, 15, 20, and 30 depending on applicant age.
Coverage from $100,000 to $500,000.
Accelerated death benefit available.
Term lengths of 10, 15, 20, and 30 available depending on applicant age.
United of Omaha
United of Omaha offers a Term Life Express product that is available for ages 18 to 65. The underwriting is like most other term life insurance no medical exam products. There is a medical questionnaire and a check of MIB, MVR, and Rx databases. Term Life Express is available in 15 and 30 year terms. United of Omaha hold an A+ rating with AM Best.
Mutual of Omaha Summary:
Coverage amounts from $50,000-$400,000
Term lengths of 15 and 30 years.
Accelerated benefits available.
Another great option for term life insurance with no exam is “A” rated American Amicable. Their Term Made Simple is level term life insurance that offers competitive rates in 10, 15, 20, and 30 year terms. Customers can expect a simple application process with a fast decision. This product is available for age 18-95.
American Amicable Summary:
Coverage up to $400,000
10, 15, 20, and 30 year terms available based on age.
Accelerated death benefits available.
American National (ANICO)
One of the top life insurance companies offering term life insurance is American National Insurance Company (ANICO). Their Signature Term Express life insurance is a great option for shoppers looking for affordable coverage up to $250,000. Their Underwriting Express means fast turnaround time without an invasive exam. This product is for ages 65 and younger.
Coverage up to $250,000
10, 15, 20, and 30 year terms available.
Accelerated benefit riders available.
Why You Should Trust NoExam.com
Here at NoExam.com, it’s safe to say we know a thing or two about buying life insurance online. We’ve helped over 5,000 customers get life insurance. Our agents work with the top-rated life insurance companies. We specialize in policies that do not need a medical exam. This year, we are here to help even more people get the life insurance coverage they need at an affordable rate. But why should you trust us?
Our agents have been helping people get fast and affordable life insurance for 30 years! We have hundreds of positive reviews on Shopper Approved from verified customers. NoExam.com’s rating with the BBB is A+. Our licensed agents are the best in the business. Their knowledge of life insurance underwriting and common health situations is vast. They will make sure you choose a policy that is the right term length and amount of coverage. It will most likely get approved fast at the quoted price. An inexperienced agency will quote an unrealistic price. It will end up wasting your time when the policy comes back at a higher price or gets declined.
Disclaimer:The right choice of life insurance policy depends on your current needs. Each individual has a different health situation and financial needs. This is why we recommend you consult with one of our licensed agents by calling 888-407-0714.
Life Insurance FAQ
How It Works (Video)
Can I Buy Life Insurance Online?
Yes. Click here or call 888-407-0714 to begin the process. Answer the health questionnaire and submit your application. A licensed agent will contact you to review your application. It is then submitted to the life insurance company.
Step 1: Complete the initial quote form to see your custom rates.
Step 2: Answer medical questions and submit your application.
Step 3: Speak with your licensed agent to ensure you are applying for the right coverage and policy at the right price.
Step 4: Agent will submit application to insurance company and you will e-sign the policy.
Step 5: Company will issue a decision and you will have life insurance coverage in place.
Is there a Waiting Period?
Many shoppers are looking for life insurance with no medical exam and no waiting period. The term life insurance products we offer are often put in force within 24 hours of applying. Many times, it is much faster, so it is safe to say there is no waiting period.
Can I Buy Life Insurance With No Health Questions?
All simplified issue term life insurance will need a health questionnaire. If you are looking for life insurance with no questions asked there is also guaranteed issue. It does not have medical questions. It will usually have a waiting period of 2 years before the insured is eligible for the death benefit. Insurance companies are in the business of making money, so it is safe to assume you won’t be fooling them.
What About Whole Life Insurance?
Most of the companies listed in this article offer a no lapse universal life or whole life product without an exam. Call 888-407-0714 to get more information on whole life insurance.
No Exam Life Insurance Companies Reviewed by Jon Fritz