Life Insurance Without the Exam

July 8, 2020
Jonathan Fritz
B.A. Risk Management
Life Insurance Agent
life insurance no exam for family

No exam life insurance is the most popular form of coverage in 2020. It is our company's main focus.

Getting a life insurance policy without an exam hasn’t always been this easy. In the past, only certain age groups could qualify for coverage, and if you had any type of health concern, forget about it. Now an entire industry focuses on bringing life insurance to consumers without the hassle of a physical exam. The days of meeting with a sales agent, providing a blood and urine sample, and waiting nearly two months for an answer on your life insurance application are over.

Being, we know a fair amount on this topic. In fact, it’s quite possible we have sold more no exam life insurance policies since 2013 than any other company in the country. Here are some price quotes and some of the top companies to consider.

No Exam Life Insurance Prices

Prices for no exam life insurance policies can range from $10 per month upwards of $100 per month. The prices depend on term length, health, and the coverage amount. This chart compares the average monthly prices of typical no exam life insurance policies. It shows that regardless of age or gender, a no exam product can be as competitive and affordable as a traditionally underwritten product.

Prices for Life Insurance Without the Exam
AgeTerm $250k
Male (monthly)
Female (monthly)
3020 Year$18.12$15.34
4020 Year$25.80$20.88
5020 Year$57.18$48.73

Best No Exam Life Insurance Companies

No Exam Life CompaniesAvailable Coverage
american national$50,000 - $250,000
assurity$50,000 - $350,000
fidelity$25,000 - $250,000
north american$50,000 - $500,000
phoenix$50,000 - $500,000
sagicor$50,000 - $1,000,000
transamerica$50,000 - $249,999
mutual of omaha$50,000 - $250,000

No Exam Life Insurance Ages 26-40

If you are part of the instant generation inquiring about life insurance it is likely you recently married, just purchased a new home, or welcomed a child into your family. Otherwise, you’re really responsible. The good news is if this is the case for you, and you are relatively healthy, you have the largest amount of options available. The life insurance companies listed below offer term life insurance with a process known as accelerated underwriting. This means you can apply and determine your eligibility quickly. Accelerated underwritten policies are term life insurance policies that are considered fully underwritten since there is no difference in price or benefits available to the policyholder.

Good No Exam Policies for Millennials

  • Banner – Those in this age group can get a no exam policy with Banner with up to $1,000,000 of coverage
  • Mutual of Omaha – Offers a product with up to $1,000,000, no exam required.
  • Protective – A strong option for those age 18-45 with coverage needs between $100,000-$1,000,000
Tip: Life insurance companies have the most favorable rates for those who fit this generation. If you are young and healthy, acquiring life insurance is an opportunity, not an inconvenience. You can enjoy the widest selection of term life insurance options available. Don’t take it for granted by not taking action. Circumstances change over time, as does eligibility.

No Exam Life Insurance Ages 41-56

A couple in their mid-forties reached out to me earlier this month after having an epiphany following some major life shifts. They had had their last child, upgraded their home, and started a small business, and their lives had changed substantially. This is a common occurrence for this age group when they realize their need for life insurance coverage has grown right along with their family and careers.

The biggest hurdle for those in Gen X, however, is time. Their busy schedules seem to hinder them from applying for a life insurance policy. For this reason, we have selected our “go-to” life insurance companies we recommend for this group. These options hold excellent financial ratings and offer some of the best term life insurance coverage in the nation. If you are considering upgrading or simply adding coverage to your existing policy, these go-to carriers will provide you with options that have minimal hassle.

Good No Exam Policies for Gen X's

  • Sagicor Life Insurance – Shoppers in this age group can get up to $750,000 of coverage.
  • Protective – Up to $500,000 of coverage with no exam.
  • Prudential – Up to $1,000,000 of coverage up to age 60.

Tip: While there are many more life insurance companies to compare, we have found these to be the most competitive for Generation X based on pricing and eligibility requirements.

No Exam Life Insurance Ages 55-75

Boomers face an important decision as they begin to consider what could be the last life insurance purchase they make. Those in their late fifties to mid-seventies are still eligible for term life insurance; however, it is more likely than not that a medical exam will be required to procure coverage. It is for that reason we introduce simplified issue life insurance to this age group. During this time in life, financial dependencies have usually decreased.

Those who fit a simplified issue policy may have:

  • Children who are grown
  • Homes that are paid down
  • Existing debt that is minimal

Simplified issue policies are a great remedy for those who need less coverage. These policies do not require a medical exam, and coverage amounts are limited. They are more lenient on underwriting, but the flip side is they do come at a higher cost. Since simplified issue life insurance policies rely more heavily on the answers provided on the application, make sure they are accurate.

These are our top life insurance companies offering simplified issue coverage:

  • Mutual of Omaha – Up to $250,000 for those under 70
  • Fidelity Life – Up to $150,000 of coverage for those under 70
  • Pacific Life – Up to $250,000 of coverage for those aged 69 and under.

While simplified issue life insurance policies are primarily a good fit for these age groups, it’s important to note baby boomers are still eligible to apply for accelerated underwriting. A checkup in the last 12 months will help the insurer underwrite your risk digitally. If this isn’t an option, don’t shy away from taking a medical exam to get a term policy. It may be your only option.

If you aren’t able to find a life insurance policy that fits your age group, try researching these options. If you are above the age group covered, check in to final expense and guaranteed issue life insurance. For lower face amounts, these policies typically don’t require an exam. If you are searching for life insurance for someone younger than the age groups mentioned, read more about getting life insurance for a child.

Applying for Coverage

Getting Quotes

Compare quotes from several life insurance companies before applying. Above are options that we find to be the best fit for the broad population of the generation. However, these are not the only options when it comes to shopping for life insurance that doesn’t require an exam. Do your due diligence and shop for multiple quotes. Remember this, a quote is just an estimate of the price you will pay for life insurance. You will be underwritten even if your policy does not entail an in-person physical exam. Even if you don’t end up buying a life insurance policy from the company of your choice, it is likely you won’t have to take another medical exam when applying elsewhere.

Insurance companies use information from the following resources to determine your eligibility


The Medical Information Bureau (MIB) is a member-owned corporation that operates on a non-profit basis within the United States and Canada. They have been in business for over 100 years and help life insurance companies in the underwriting process to determine the applicant’s health-based risk.

Basically, the MIB serves as a fact-checker for life insurance companies when it comes to the medical information you submit on your application. It helps the insurance company verify who you are, know what your medical conditions are, and make sure you are telling the truth on your application.

Rx Report

The Rx report, or prescription report, is another third-party resource used by life insurance companies during the underwriting process. This report allows life insurance companies access to information such as prescription history, quantity given, date received, dosage, refills, diagnosis, and other details.


During the underwriting process, life insurance companies can access an applicant’s driving records through the DMV. This includes driving infractions such as tickets, DUIs, and other traffic offenses. It also includes an accident history log.

Once you have chosen an insurance provider, it’s time to submit an application. For both accelerated and simplified issue life insurance you may be required to participate in a phone interview with the life insurance company. Most of the time, the phone call is required to obtain coverage. In other scenarios, it can be triggered by the life insurance company at any point during the application process. Use this opportunity to double-check your application ensuring its accuracy.

  • Compare Quotes
  • Apply Online or by Phone
  • Phone Interview (When Required)
  • Underwriting Decision

Reaching the Finish Line

In some cases, the life insurance company will call you to validate the information provided in the application. The last step that happens once you have applied for life insurance is you will receive a decision on your application.

Your decision will be one of the following.

  • Approved
  • Approved Other Than Applied
  • Declined

Consider the last step in the buying process first, so you can be fully aware of the end goal. You have not completed the process of buying life insurance until your policy has been approved, counter-offered, or declined. In any scenario, this is the information you will need to make an informed decision on whether you should accept a policy or consider other coverage options.

What not to do:

Don’t lie on your application

Life insurance is a contract between a life insurance company and the insured. It is designed to pay a designated beneficiary in the event of the death of the insured. Life insurance companies are governed by the state of jurisdiction. This is good news if you’re a consumer.

Life insurance companies are required to pay death claims by law once outside of the contestability period. However, since misrepresentation on a life insurance application is the sole grounds for an insurer to deny a claim.

Because life insurance companies that do not require a physical exam rely more heavily on questions answered in your application and technology in order to derive an underwriting decision, it’s imperative to answer each question on the application honestly and to the best of your knowledge.

Don’t apply to multiple companies at one time

If you come across an agent urging you to submit more than one application to see who returns the best rate, it will likely be problematic. Life insurance companies are able to verify when other applications have been submitted by date. When multiple applications are submitted by one person, it can create a red flag that makes insurance companies take a second look. Unless you need more than one policy, submitting multiple applications at one time isn’t recommended.

Don’t wait until it’s too late

Too often consumers have found us after the point of eligibility for term life insurance has passed. Use your time wisely and select a policy that meets your needs while you are still eligible to avoid headaches down the road.

Use a trusted source aims to take the confusion out of life insurance. With over 1,000 customer reviews we have established ourselves as industry leaders in the fields of both accelerated underwriting and simplified issue life insurance policies.


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