Best No Exam Life Insurance Companies of July 2024 (2024)

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Many life insurance companies offer no-exam life insurance, which has the obvious appeal of skipping medical exams. For some people, it's a great option, but keep in mind that this type of life insurance policy will still require some information about your medical history.

Best No Exam Life Insurance of 2024

Compare the Top No Medical Exam Life Insurance Plans

No medical exam life insurance is a popular category of the best life insurance and is particularly good for people seeking insurance later in life, forfeiting death benefit amounts and paying higher premiums to qualify. As such, the best no exam life insurance should have high age eligibility without too much compromise on coverage and costs.

Policies included in our guide on the best no medical exam life insurance insure people up to 85 years old. Read on to learn more.

Best no exam term life insurance

Ethos Life Insurance

Ethos Life accepts applicants up to age 65 with a 100% online application process, and limits are as high as $2 million.

Ethos Life asks a few basic medical questions, but coverage is effective immediately once approved. In addition, every customer buying policies like this from Ethos Life is eligible for a 30-day look period, which is another way to say you can cancel and get your money back in the first 30 days with no penalties.

  • Health questions: Yes
  • Coverage limits: Up to $2 million
  • Age: 20-65
  • Waiting period: May apply
  • Unique feature: Instant quotes available with a streamlined online application

Read our Ethos Life Insurance review.

Best no exam life insurance for seniors

AARP Life Insurance

AARP Life Insurance caters to senior clients for insurance and many other financial products. Older adults between 50 and 74 may qualify as long as they are AARP members. Term policies are available with limits up to $150,000 in most states. Montana and New York residents may be eligible for up to $100,000. Whole life policy limits max out at $25,000.

Whole life policies can be issued without any health exams or medical questions. The term policies, on the other hand, may ask some health questions.

  • Health questions: For term life policies, but not whole
  • Coverage limits: Up to $150,000
  • Age: 50-74
  • Unique feature: No medical exam policy caters to older adults

Read our AARP Life Insurance review.

Best no exam life insurance for military members

USAA Life Insurance

USAA Life Insurance is typically associated with military members and their immediate family members, but its insurance products are available to anyone. Pricing is lower, payouts are higher, and customer service is strong. Of course, these services are only available to military and qualifying family members. For the children of a deceased military member to use any USAA products, the military member would need to be signed up before their death.

Guaranteed whole life policies are available in 49 states, excluding Montana. USAA life insurance coverage is available from $2,000 to $25,000 with no medical exam or questions. Applicants who want higher coverage limits can explore medical exam policy options with a licensed agent.

  • Health questions: No
  • Coverage limits: Up to $25,000
  • Age: 45-85
  • Waiting period: Two years
  • Unique feature: Below-market product costs available for military members and qualifying family

Read our USAA Life Insurance review.

Best no exam life insurance for higher policy limits

Prudential Life Insurance

Prudential Life Insuranceoffers up to $3 million in coverage for term life policies. Adults up to 60 years old are eligible for coverage with a short application involving some medical questions. For younger applicants, conversion options may also be available later to make term policies into whole life policies. However, due to the higher limits, Prudential's application process may also be longer.

  • Health questions: Yes
  • Coverage limits: Up to $3 million
  • Age: 20-60
  • Waiting period: Two years
  • Unique feature: High expert and customer rankings with a trusted provider

Read our Prudential Life Insurance review.

Best no exam life insurance for guaranteed acceptance

Mutual of Omaha Life Insurance

Mutual of Omaha Life Insurance has high financial stability and customer satisfaction ratings across different types of insurance. Guaranteed life policies are available for adults between the ages of 45 and 85. In New York state, the age range is 50-75. Policies can be as small as $2,000 in most states and as large as $25,000 with no health questions or medical exams.

Mutual of Omaha's no medical exam policies have a graded death benefit. If you die within two years of the policy start date, the company will not pay the full policy. Instead, it delivers 110% of the premiums paid. The Mutual of Omaha website boasts same-day payouts on most policies. Policies for children are also available.

  • Health questions: No
  • Coverage limits: Up to $25,000
  • Age: 45-85 (50-75 in New York State)
  • Waiting period: Two years
  • Unique feature: Company website lists same-day payment on most claims

Read our Mutual of Omaha Life Insurance review.

Best no exam life insurance for waiting periods

AAA Life Insurance

AAA Life Insuranceoffers immediate death benefits for qualified applicants between 18 and 75. In other words, once your policy starts, you are eligible for the full policy benefit. Policies are available with limits as low as $25,000 and as high as $500,000. While a medical exam is not required, health questions are.

AAA offers term policies with limits as high as $500,000. For a whole life policy, the limit is $25,000. But applicants can add a rider doubling the payout for accidental death coverage. Younger people have no waiting period for benefits. For applicants over age 45, AAA pays out 130% of the premiums paid up to the date of death for the first two years.

  • Health questions: Yes
  • Coverage limits: Up to $500,000 term/$25,000 whole
  • Age: 18-75
  • Waiting period: Applies after age 45
  • Unique feature: Death benefit available regardless of the cause of death

Types of No Medical Exam Life Insurance

Guaranteed Issue Life Insurance

Guaranteed issue life insurance offers coverage with low applicant requirements and a simple underwriting process. It has high premiums and small death benefits, usually just enough to cover final expenses such as funerals and burials. As such, it's limited to applicants who are 50 and older.

Simplified Issue Life Insurance

Simplified issue life insurance offers a simplified underwriting process, allowing applicants to get covered immediately. It offers lower premiums and higher death benefits than guaranteed issue life insurance. However, serious or terminal medical issues can still prevent you from qualifying.

People look into simplified issue for several reasons. They may have a moderate health condition that bars them from other insurance options. They may also be worried that taking a medical exam may reveal health conditions they weren't aware of. Or, they may simply want quick coverage without the rigmarole of a traditional life insurance application process.

It's worth noting that some simplified issue life insurance providers enforce graded death benefits, withholding access to your full death benefits for a few years.

How to Choose the Best No Medical Exam Life Insurance Company

The number of life insurance providers can be overwhelming and paralyzing. Asking friends and family about their life insurance policy and using guides like ours can be a great first step toward finding your policy.

However, guides and recommendations can only go so far in helping you decide which no medical exam life insurance company is best for you. You'll need to take factors like age, medical history, and your financial goals into consideration when you make your decisions. A qualified insurance professional may be able to help you crunch your numbers and find the best policy.

Coverage Amount

The most important, and most obvious, consideration when choosing a life insurance policy is the payout your beneficiaries will receive. The coverage you need will often depend on why you want life insurance. If your main goal is to make sure your final expenses are covered, than you'll have plenty of options. However, if you have long-term goals in mind, you may want to consider other life insurance options.

It's worth noting that no exam life insurance often has limited death benefits, so your options will be limited.

Premiums

Premiums for no medical exam life insurance are generally higher as applicants tend to be high-risk and requirements are lower. You'll want to keep this in mind as you sort through quotes.

Customer Service

You should peruse customer reviews on websites like Trustpilot and the Better Business Bureau while shopping for a life insurance company. You should note how helpful and accessible a company's customer service team is and any issues with receiving payouts. Unresponsive insurance companies are the last thing that anyone wants to deal with after the passing of a loved one.

Why You Should Trust Us: How We Reviewed the Best No Exam Life Insurance

The coverage and riders offered are vital parts of our evaluation. We also look at the speed of payouts, customer satisfaction, and financial strength ratings. All of these factor into the immediate and long-term performance of the life insurance companies we review.

If you're looking for more information about a specific life insurer, our reviews offer a deep dive into individual policies, riders, and more. The same considerations are used for all competitors to ensure readers have the edge to make informed decisions in an ever-changing market.

See our life insurance rating methodology for more details.

Best No Medical Exam Life Insurance FAQs

Does no medical exam life insurance use my medical history?

Life insurance companies that issue no medical exam life insurance can still access your medical records and prescription history, and underwrites based on your history. Even though you didn't take a medical exam, your health is still taken into account.

Are there alternatives to a no medical exam policy?

There are alternatives to a new medical exam life insurance policy. Insurance agents can quote you medical exam policies if you're denied a no medical exam option. An experienced agent may be able to assess your application before starting the process to avoid official denials. If you're concerned about premium limits, you can explore options like IUL (indexed universal life) for permanent life insurance that increases your benefit as long as you make premium payments.

What is the highest amount of life insurance you can get without a physical?

The highest amount of life insurance you can get without a medical exam is lower than what you could get with a medical exam. Guaranteed-issue policies that don't require medical exams typically top out at $25,000 or $50,000 in coverage, while standard life insurance policies can offer millions in coverage.

Is no-exam life insurance worth it?

A no medical exam life insurance policy could be right for you if you're able to qualify and don't need special coverage. These policies are the easiest to get for young applicants with no significant health issues. Older applicants can buy with some companies, but acceptance is not guaranteed. No medical exam policies offer less coverage with higher premiums in most cases. If you do not qualify for the no medical exam policy you want, insurance agents can help you explore alternatives.

Can you really get life insurance without a medical exam?

Yes, you can really get life insurance without a medical exam, but your options will be different. That's because you'll need to choose a guaranteed issue policy — a specific type of insurance that lets you bypass the medical exam requirement — and it will probably cost more than a regular policy including a medical exam.

Lina Roby

Insurance Editor, LIA, MLO

Lina Roby (she/her) was a Personal Finance Insurance editor at Insider. She covered pet, travel, auto, and other common insurance products. She is also a licensed property & casualty insurance agent. Her goal is to help readers make informed decisions for all their insurance needs and plan for the unexpected, especially in a constantly evolving insurance marketplace. As a licensed insurance agent, she worked closely with clients and insurance carriers to quote and bind homeowners, auto, liability, and other insurance plans for personal and business. As a licensed mortgage loan originator, she was also able to more effectively quote and bind homeowners insurance policies meeting mortgage lender requirements. With a love for writing, she has also assisted with marketing for her local insurance marketplace.

Evelyn He

Compliance and Operations Associate

Evelyn He is a Compliance and Operations Associate on the Personal Finance team to ensure content accuracy and editorial independence so readers get up-to-date and objective financial advice.The compliance team's mission is to provide readers with fact-checked and current stories so they can make informed financial decisions. The team also works to minimize risk for partners by ensuring language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team.

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Best No Exam Life Insurance Companies of July 2024 (2024)

FAQs

Who has the best life insurance without a medical exam? ›

Our Top 7 Picks for No-Exam Life Insurance Companies
  • Mutual of Omaha: Best for no-exam coverage.
  • Fidelity Life: Our pick for accidental death coverage.
  • Transamerica: Most affordable coverage.
  • John Hancock: Best for people with diabetes.
  • State Farm: Best for customer satisfaction.
  • Lincoln Financial: Best for long-term care.

What is the catch for no-exam life insurance? ›

Limitations: Because the company has less information to go on, you'll likely end up paying more for your insurance. Simplified life insurance policies also have lower coverage limits that you'll need to be aware of prior to applying.

Who is the most trustworthy life insurance company? ›

Here are Bankrate's picks for the best life insurance companies based on various financial and consumer needs.
  • Guardian: Best for life insurance coverage without a medical exam.
  • MassMutual: Best for whole life insurance.
  • Mutual of Omaha: Best for digital accessibility.
  • Nationwide: Best for customer satisfaction.

Are no-exam life insurance policies worth it? ›

No-exam insurance has benefits, but it also has limits you'll need to consider. If you're in good health, regular life insurance policies may be a better choice.

What is the maximum amount of life insurance without a medical exam? ›

Simplified issue life insurance

Approval for a policy isn't guaranteed. Many types of coverage, including term and whole life insurance, are available as simplified issue policies. The maximum coverage amounts are limited, usually $500,000 or less, depending on the company.

Can I get a million dollar life insurance policy without a medical exam? ›

Yes, some insurers offer life insurance policies without a medical exam, usually called guaranteed issue or simplified issue policies.

Does AARP life insurance require a medical exam? ›

Permanent Life Insurance Coverage

Guaranteed rates that never increase, and no medical exam, just health and other information. You can keep this insurance your entire life. You'll leave AARP and go to the website of a trusted provider.

What life insurance rider allows more protection with no medical exam? ›

A guaranteed insurability rider lets you periodically choose to add more coverage to your policy without undergoing a life insurance medical exam.

What not to do before a life insurance medical exam? ›

For the 24 hours before a life insurance medical exam, take it easy. Exercise, especially cardio work, can raise your pulse and blood pressure. It can also negatively affect your cholesterol levels and increase protein levels in your urine, which may then require retesting.

What is the #1 insurance in America? ›

1. State Farm. State Farm is the largest car insurance provider in the US, accounting for almost 17% of the overall market.

Which life insurance has best claim? ›

In terms of number of policies settled during 2022-23, Max Life Insurance has the highest claim settlement ratio of 99.51%. With a 99.39% claim settlement ratio, HDFC Life Insurance came second on the list. Aegon Life Insurance bagged the third position with a 99.37% claim settlement ratio.

How much does a $1,000,000 life insurance policy cost per month? ›

How much is a million-dollar life insurance policy? The average monthly premium for a million-dollar life insurance policy is anywhere from about $50 to more than $1,000, depending on the type of policy, age, health, and other factors.

Which life insurance doesn't have a waiting period? ›

What is instant life insurance? With an instant life insurance policy, you can get approved shortly after you apply. You can apply with no medical exam. You won't have to wait days, weeks, or months for a decision and typically your coverage almost immediately if there is no waiting period.

At what point is life insurance not worth it? ›

Life insurance may not be worth if you have no dependents, if you have a tight budget, or if you have other plans for providing for them after your death.

Which life insurance is easy to get? ›

Instant life insurance is usually a term life policy that doesn't require a medical exam and involves accelerated underwriting with competitive pricing.

How to pass a medical for life insurance? ›

Tips to Help You Pass Your Life Insurance Medical Exam

Schedule Your Exam in the Morning: It's recommended that you avoid caffeine, working out, unhealthy foods, alcohol, and tobacco before your exam. To make this easier on yourself, just get it over and done with in the AM.

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