How To Get Cheap Term Life Insurance Without A Medical Exam In Sep 2023?

Discover how to get cheap life insurance without a medical exam, who are the cheapest life insurance companies today, and more for 2022!

Written By Licensed Agent Sa ElFebruary 7, 2023

Don’t you hate when you buy something, and a few days later you see the same thing, for a much lower price?

What if I told you that there is a way to get cheap life insurance the first time around and avoid the feeling of buyer's remorse.

cheap life insurance

Well, its true; Today, I am going to use the below list to teach you the most effective ways to get affordable life insurance now matter how you choose to buy it.

What Does "Cheap" Life Insurance Mean?

When I think of the words "cheap" life insurance I immediately get confused, why would someone want something to be “cheap” when it's concerning protecting their family?

I immediately think of one of those retro neon sales signs and realize that most people don't want cheap life insurance.

They actually just want something that is affordable, useful, and that gives them a strong value for their money. 

Prices are going to be based on Your specific age, health, tobacco usage, weight, and gender. 

cheap term life insurance

This means that every person is going to get a tailored answer for their rate based on the above criteria.

Getting the best price will depend on several factors, and we list the most effective ways to get life insurance cheap, below.

No Personal Info Needed - Get Quotes Instantly

The final insurance policy premium for any policy is determined by the underwriting insurance company following the application.

1. Buy Your Life Insurance Online

Buying directly online is going to be one of the easiest ways to get the most competitive price, I even wrote a post that’s all about why you should buy term life insurance online.

The reason that getting life insurance online is the best way to get low cost life insurance is that these companies usually don’t have large offices and administrative fees.

Since its all done online, they also can speed up the process of buying insurance and avoid transferring the cost to the insured.  

This allows for them to start off offering much lower rates.

So, how do you buy life insurance online for cheap:

Search For Reviews Like These:

Reviews will always give you a solid understanding of how each company works and which will be best for you.

find cheap life insurance

Get Quotes:

Once you find out which carrier you would like, you can go directly to the carriers website or third party sites like simply insurance and get a term life insurance quote.

Apply Online:

Once you have reviewed your quotes, go ahead and apply online for no medical exam life insurance, most of these applications take either 20 minutes or less, and some of them can get you covered immediately. 

Getting life insurance online is one of the best ways to get affordable life insurance.  

The application process is much faster, and usually, the rates are the lowest.


Term Life Insurance companies you can trust.

2. Buy More Coverage In The Beginning

This might sound counterproductive, however, I can assure you it is probably one of the best-kept secrets that aren’t meant to be a secret.

Life insurance is priced out at a cost per thousand.  

What happens is that the more coverage you purchase, the lower the cost per thousand, in some instances a $75,000 policy can cost you more than a $100,000 policy mainly because of the rates per thousand decrease at $100,000.

Check out the chart below for an example:

term life rates, term life calculations

Based on the above chart a 30 Year Old Male with Preferred Health and No Tobacco Use would pay $0.53 cents per $1,000 in coverage.

So if he wanted $100,000 in coverage, we would calculate his premiums like this:

0.53 * $100 = $53.00/year, we would then need to add the Policy fee of $70.00 we would be looking at $123.00/year or around $10.00/month for a $100,000 life insurance policy.

So, how do you make sure you get the best rates per thousand, and the most inexpensive term life insurance quotes:

Get Multiple Quotes:

You want to get multiple quotes In $50,000 increments, the reason you want to do this is that the prices per thousand can change at either $50,000 or $100,000 coverage markers.


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3. Lose Some Weight

This is always a great option because insurance companies use weight charts to help determine what your rates will become.  

You can have the best health.

However, if you are few pounds overweight, an insurance company could take you from a preferred health rating to a standard rating simply because of your weight.

So, how can you lose a few pounds:

Find Out How Many Calories You Are Eating A Day:

This is an essential step because if you don’t know what you are putting into your body, all the actions you take to reverse it could be pointless.

If you go to the gym every day and burn 100 calories, but you eat an extra 200 calories, you are still going to be over by 100 calories, and the weight won’t go away no matter how much you work out.

You can use some of the apps below to help track your calories:

Find Your Calorie-Burning Resting Rate:

It’s important to know how many calories you burn just by sitting down; this will help calculate how many calories per week you are consuming.

You can find calculators a few calculators here and here.

Walk At A Brisk Pace For 45 Minutes Per Day:

Walking every day is a great thing for your body, from losing weight to also putting less stress on your joints.  

You will be amazed at the difference you will feel just from walking 4 to 5 times per week.

Decrease Your Calorie Intake:

This one is going to be hard.  

I struggle with this aspect of losing weight daily.

The easiest way to do this that I have found is to simply replace the things you love, with a lower calorie version.

I love cookies, instead of buying Oreo's or chocolate chip cookies, I buy SnackWells, they come pre-packaged, and they limit my calorie intake.  

I still get to eat cookies, but my body gets fewer calories:

lose weight for cheap life insurance
cheap term life insurance online

As you can see, just making this one change gave me 1 extra cookie and saved me 45 calories per day.

Seeing that I probably eat these at the least five times a week, it’s keeping 225 calories from me which will help me lose weight.

4. Avoid Captive Agents

Avoiding captive agents will help you find the lowest cost life insurance.

Based mainly on the fact that captive agents only have one product to offer

That’s the product of who they represent.  

affordable life insurance

You will just get the quotes from their one company and be bound by their underwriting guidelines.

So, how can you avoid captive agents:

Ask The Agent:

Ask the agent if they are captive or independent. This will be the easiest option. You could even ask to see their resume (this guide can help them if they don't have one.)

Ask For Multiple Quotes:

Ask the agent for quotes from multiple companies. 

If the agent can only quote you one carrier, then they are captive.

You won’t find an Independent Agent with only one carrier to offer.

5. Go Shopping - Give No Personal Info

Shopping around is also how you find the best life insurance rates.

I have a post about how to get term life insurance quotes online without personal information.

When you are shopping for cheap term life insurance online, you want to know precisely the type of coverage, term length and amount of coverage you want so that all things are equal.

So how do you shop without giving personal info:

Use The Right Search Terms:

Search in google with terms like “term life insurance quotes without personal information” or “life insurance with no personal information.

buy cheap term life insurance online

No Required Personal Information:

If an email address or name is required, go to another site, your goal is to avoid phone calls and emails until you are ready to buy.

Write All Rates Down:

Write down the rates for each company on a spreadsheet and compare.

6. Get Term Life Insurance

Term life insurance is the only product you should buy when thinking about the most cost effective life insurance.  

Term life insurance is the most affordable of all the insurance products.

We had several experts weigh in on the term vs whole life insurance question, and they all agree, term life is the most affordable.

The quick and fast about term life is that your rates get locked in based on the term option you choose.  

If you select a 10 Year term, your rates are locked in for 10 years.  

The longer the term length, the higher the price will be.

These policies do not build cash value and are always substantially cheaper than whole life insurance.

So, how do you purchase term life insurance: 

Shop Online:

Use the tools above that we discussed and just do the shopping all online. 

Independent Agent:

Reach out to an independent agent but be sure to review them and ask as many questions as possible.  Feel free to request access to their online license portal as well.

External Quote Sites:

Use external quote sites like Quotacy, Intelliquote or Policygenius, but remember, don’t give your email, name or phone number.

8. Keep Your Driving Record Clean

One of the reports that get run when you buy life insurance is your Motor Vehicle Report.  

Oddly enough I have seen this ruin even the healthiest person's chance of getting covered.

Insurance companies have to handle risk, and one way to manage that risk is to see if you are a “Crazy” driver.  

Do you have loads of speeding tickets, do you have a DUI or DWI, is your license on suspension?

I have seen people get declined simply because their license is suspended, it could have been for any reason.

Some companies just can’t issue you an insurance policy if your license gets suspended.

So, how do you keep your driving record clean:

Don’t Drive Drunk:

I am not a fan of things like Uber and Lyft, but if you have to use them, it’s better than driving while drunk.

Don’t Speed:

Speeding is very easy to do when you have somewhere to be, but according to LifeHacker, you don’t save any time by going faster unless it's on a road trip, so speeding really isn't worth the risk.

Pay Parking Tickets:

I know you are mad you got a parking ticket, but this is a huge reason people are getting their license suspended. Your fees for so many parking tickets have racked up, or you just ignored it, and over time the courts went to stage 2 which is suspending your license.  Let’s avoid this and pay those tickets or fight them in court.

9. Pay Premiums Annually

There are a few different payment options available when you decide to buy your life insurance.  

  • Monthly - Billed on a Monthly Basis
  • Quarterly - Billed Every Three Months
  • Semi-Annually - Billed Every Six Months
  • Annually - Billed Every 12 Months

Just like with other insurance products, by paying up front for everything you can get some great savings.

So, how do you setup annual payments:

Online Method:

When you purchase your life insurance before you check out, choose the annual payment method.

Working With An Agent:

Be sure to mention you would like rates for annual payments and set up Monthly Bank Draft Annually.


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Get quotes and sign up online or get help from a licensed agent, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of getting your quotes and applying.

10. Say "No" To Riders

Riders are additional policy benefits that you can pay an additional fee for extra coverage benefits.  

Some of the most common riders are:

Child Term Rider:

A Rider to add your kids who are under the age of 18 to your policy for usually one firm price for all kids.

Accelerated Death Benefit:

A rider that will accelerate the death benefit if you are diagnosed with certain, chronic, terminal or critical illnesses.

Long-Term Care Rider:

A rider with Long Term Care Benefits attached.

Waiver Of Premium Rider:

Usually only seen on whole life policies, this benefit will waive premium payments if you are no longer able to pay them for a specific list of reasons.

Accidental Death Benefit:

This is a rider that pays an additional benefit if you pass away from an accident.

You can also purchase an Accidental Death insurance policy separate.

Return of Premium Rider:

The return of premium rider when attached will return all premiums paid into the policy at the end of the term.  

Just like Accidental Death, the Return of Premium Policy also can be purchased separately.

So, how do you know if a rider is free or cost extra:

Get A Copy Of The Sample Policy:

Ask your agent or the company for a copy of the Sample Policy. A Sample Policy is a “Sample” of what your policy would look like once you purchase it.

It will have all the policy specifics about the specific plan and if there are any additional costs.

When you look at the sample policy it will let you know if any benefits have been added at an additional cost or if it is included in your policy.


Term Life Insurance companies you can trust.

11. Take The Exam Option

You will get the best price if you choose the route that will require a medical exam.

This is because you have given them your blood to run whatever tests to determine your actual health.  

Since you are giving them the best possibility to assess your health, you will qualify for the lowest rates.

This option, however, can be a double-edged sword.  

If the results come back that you are prediabetic, your rates could skyrocket and could have been much more affordable had you decided not to complete the exam.

If you really need to have the cheapest life insurance, the exam option should be number 1 on your list.

So, how do you prepare for a medical exam?

Don't Eat The Night Before Or The Morning Of:

It never fails when a customer is upset with their exam outcome or getting approved other than applied because their blood work was showing something abnormal or close to a specific range.  

If you eat the night before or the morning of, you can make your blood sugar or blood pressure seem higher than usual.

Send Your Pets & Kids To Their Room:

The examiner will need to have a clutter-free space to write and complete your exam as well as space to draw your blood. 

Drink Coffee:

You can drink coffee the morning of, this will give you some ammunition for the HOS - Home Office Specimen (Urine Sample) that they will need.

Prepare For The Needles:

They have to take your blood, there is no way around this part.  Please remember this before scheduling an exam.

Don’t Reschedule:

The longer this process takes, the longer it will be before you are approved.

Also, it might be another week before the examiner's schedule allows them to come back out to you.

12. Buy When You Are Young

Buying young will not be an option for everyone, but if you are 18, 25, or 35 you need to stop reading at this point and get covered now.  

Seriously… Go get covered.

Age is one of those primary areas that have the largest factor in your pricing.  

If you want life insurance on the cheap, then you have to buy it when you are at the youngest age and for the longest term you can get.  

When you are younger, you are usually in the best health; you have a long life to live and insurance companies really love you.

We have found that no exam life insurance is the best life insurance for young adults.

Look at the price differences for the same exact coverage if you purchased a policy right now:

Affordable Term Life Insurance Sample Rates

*Monthly rates are based on a 30 Year Term, non-smoking male in perfect health




20 Years Old



30 Years Old



40 Years Old



45 Years Old



Notice that with nothing changing but your age, the rates change dramatically.  

You want to avoid this if you are looking for the most affordable life insurance by getting covered when younger.  

On another note, the same is also true about health insurance premiums.  The younger you are the lower your premiums will be when you purchase coverage.

13. Free Credit Union Coverage

If you have a Credit Union, I know you have received that Free $2,000 in I think Accidental Death coverage that they offer.  

Be sure to take them up on that, when it comes to insurance, no matter who you are.  

You can never have enough.

So, how do you find the credit union coverage?

Check Your Mail (Sorry... I Know):

The hard part about coverage from the credit union is that it will come in the mail.  

You have to make sure not to throw it away because it really looks like spam mail.  

I know most of us probably forgot we had a mailbox; however, they still do exist.

14. Don't Take Unnecessary Medications

I have found that people often try medications that their doctors prescribe, without a second opinion and without questioning your doctor.  

We also get in the habit of “Trying Prescriptions,” trust me, only take what you need.

According to Worst Pills, in 2003, an estimated 3.4 billion prescriptions were filled in retail drugstores and by mail order in the United States.

That averages out to 11.7 prescriptions per person, and some prescriptions that were written, weren't even filled.

The type of medications that you take is going to be part of your medical underwriting.

The more prescriptions you have filled related to specific medical conditions the harder it can be to get insured, and the higher probability of more expensive rates. 

Always get a second opinion about any prescription.


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Get quotes and sign up online or get help from a licensed agent, we are here if you need us. 

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Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

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15. Save Your Age

A significant benefit that will allow you to take your life insurance and get it even cheaper is the “Save Age” feature.  

If your birthday was Jan 21st and it is now June 19th when you decide to get a quote.  

You would now be one year older, and your rates would, of course, go up due to your age.  

This is where the Save Age kicks in; it allows you to go back to the age you previously were (usually this only goes back six (6) months) before your birthday.

However, you will have to make up the monthly payments all at once.

Below is a diagram of how the "Save Age" feature would work:



Annual Cost

End Of Term Cost

Current Age: 45




Save Age: 44




Total Savings If You Use Save Age Feature:


16. Stay Out Of Bankruptcy

I am sure that you are going to be looking for low cost life insurance after a bankruptcy, but the most important thing is to stay away from it all together.

It might seem strange that bankruptcy has anything to do with qualifying for life insurance.

However, this is sort of risk the insurance companies view and they will probably rate you up based on how many years you have remaining in the bankruptcy or in general just for having one.

So how do you avoid bankruptcy:

Get A Certified Financial Planner (CFP) - Like my friend Rita Cheng over at Blue Ocean Global Wealth.

Get Personal Finance Advice from my friend Barbara Friedberg from her personal finance blog.

Get Out Of Debt By Following The Below Blogs:

Build Your Credit By Following The Below Blog:

Use Your Credit By Following The Below Blog:

My friend Brian suggests using survey sites in his My Millennial Guide post or even using apps to help create additional income. 

Whatever you do, stay away from bankruptcy if you want the most affordable life rates possible.

17. Don't Smoke

There is no easy, calm, or nice way to say this, no matter how many ways you look at it, smoking is Bad.

On my way from a Trip to Mexico in the airport I ran across a pack of cigarettes that had a label that looked like the image to the right.

Outside of the warning, you are probably looking at an easy 80% difference in pricing for being a smoker, just check out the chart below:

cheap life insurance for smokers




25 Years Old



30 Years Old



35 Years Old



40 Years Old



45 Years Old



50 Years Old



*Rates are based on a male in perfect health needing a 20 Year $250,000 Policy

In other words, smoking is going to cost you in multiple ways, it’s going to cost you with your health, it’s going to cost you “per pack,” and it’s going to cost you in your insurance rates.

There is no way you can expect low life insurance rates if you are a smoker, even if you follow all of these useful ways you will still end up paying considerably more.

According to Gordon at American Term, If you quit smoking for 12 months some insurance carriers will rate you as a non-tobacco user so make that your goal.

So, how can you stop smoking:

Quit Cold Turkey:

Plenty of people find this to be the easiest way, there seems to be a movement for quitting this way as well.  

Everyone won't be strong enough to go this route, but don't worry, there are other options 

Join A Support Group:

Joining a support group for anything is always a great option, especially with smoking.  

You will need to be able to call on someone when you face a smoking trigger or if you get the urge to slack on your road to recovery. 

Get Supplemental Insurance:

There are several places you can get cancer insurance from, especially if you are a working professional.

This extra coverage can come in handy if you are ever diagnosed with cancer.

18. Stay Out Of Jail & Prison

Jail is another one of those odd areas.  

If you are currently in prison or jail, no one can take out life insurance on you.  

If you are currently on probation or parole, you can’t get life insurance.  

The risk is too high for an insurance company to take if you are currently in jail, or possess the ability to end up back in prison by a violation of your probation or parole.

Your rates can be higher if you have records showing that you live a risky life involving things that can get you arrested.

If you want to get reasonably priced life insurance you need to stay out of jail and prison.

So, how do you stay out of jail:

You need to learn the laws of the state and country you live in and just obey them… That’s it!


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Coverage in minutes.

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19. Travel To Safe Places

How you travel is important to a life insurance company.  

They want to be assured that you aren’t going to be traveling to places that have:

  • Abnormally High Health Outbreaks
  • Economic Issues & Strife
  • High Murder Rates
  • Risk Of Death Due To Natural Disasters

This might seem a bit harsh. However, the insurance companies are all about risk.  

If you were born in a country with the above issues, the insurance company is going to want to know if you visit home and how often.  

It’s one of the things that they have to consider, and if you travel to places like that often, it’s best to get your insurance first to understand how the policy works with your traveling.

So, how do you know where it’s safe to travel:

Travel Advisories:

21. Cut Out Adventure Sports

Every Life insurance company is going to review what you do in your “Spare Time” and for your “Hobby.”

If any of the things you do in your spare time or for a hobby include things like doing BMX or Racing or maybe even skydiving, you can expect your rates to be higher.

Insurance companies don’t like anything risky.

If you stop doing that dangerous hobby of yours, you definitely can get the life insurance you want for the cheapest price.

If you can’t entirely kick the habit, then you need to shop around because each company is going to underwrite you differently based on their guidelines.

So, what can you do instead of risky Hobbies:

  • Knitting
  • Watch Anime
  • Look At YouTube Videos Of Other People Doing Your Risky Hobby
  • The List Goes On...

Bonus. Go Vegan

You know what insurance companies love? People who have a reduced risk of illnesses and diseases.

It may be extreme for some, but switching to a vegan diet has been shown to reduce the risk of heart disease, type 2 diabetes, and even cancer!

Plus, remember how we said losing weight is another way to save money on insurance?

Well, the average person who switches to a vegan diet loses at least 5 pounds just in the first few weeks!

So if you’re looking for the cheapest possible life insurance, an extreme lifestyle change can help. Consider switching to a plant-based, or at least a more plant-rich diet.


Life Insurance made easy!

Agents Available To Assist

Get quotes and sign up online or get help from a licensed agent, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of getting your quotes and applying.

Taking Action

I am sure your getting pumped and ready to find your cheap life insurance after reading this post.

If you follow all of the above items, you will be able to get the most affordable life insurance that you can find.  

You can also get term life insurance quotes here, remember, we don't need your information to give you a quote.

Frequently Asked Questions

What is the least expensive form of life insurance?

The least expensive form of life insurance is going to be term life insurance, these products are the most affordable because they end after a set number of years.

How much is a 250k life insurance policy?

The average cost of a $250k life insurance policy is going to be around $17.00 per month for a female and $23.00 per month for a male.  However, it will depend on your age, gender, smoking habits and medical situation. To get an honest answer to the question it is best to get a quote.

Why is life insurance so cheap?

Not all life insurance is cheap, but term life insurance is cheap because your policy will only last for a set term length, if you don't pass away before the term is up, the insurance company doesn't pay out.

What is the best life insurance to get?

From my experience, term life insurance with no exam is the best life insurance to get.

What are the 3 types of life insurance?

The three types of life insurance are Term, Permanent, and Universal life insurance. However, each of these products can have different iterations which put the different types of life insurance well past just 3.

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