Quick answer
On the rate sheet we quote from, $350,000 of 20-year no-exam term costs a healthy 30-year-old non-smoker about $20 to $25 a month, or $30 to $39 in average health. At 50 the same policy is $73 to $92 a month, so the age you buy at matters most.
On the rate sheet we quote from, $350,000 no exam term life insurance costs a healthy 30-year-old non-smoker $20 (woman) to $25 (man) a month for 20 years of coverage. Buy at 50 instead and the same policy runs $73 to $92 a month.
Those are 20-year level term prices, quoted before underwriting. Below you’ll find the full table by age, what “no exam” really means, what insurers look at instead, and how to apply. If you’re new to all this, our guide to term life insurance covers the basics first.
What $350,000 no exam term life insurance costs by age
Age moves your price more than anything else, and the climb gets steeper after 40.
Here’s what $350,000 of 20-year term costs a month by age if you’re in excellent health and don’t smoke:
| Age | Man, excellent health | Woman, excellent health |
|---|---|---|
| 25 | $24.46 | $18.33 |
| 30 | $24.75 | $19.79 |
| 35 | $28.54 | $25.04 |
| 40 | $40.21 | $32.63 |
| 45 | $59.75 | $48.38 |
| 50 | $91.54 | $73.46 |
| 55 | $154.83 | $110.79 |
| 59 | $267.71 | $169.71 |
Monthly premiums from our own quote tool, pulled 5 October 2026 from one carrier’s partner rate sheet: $350,000 of coverage, 20-year term, non-smoker, Georgia ZIP. That sheet priced 49 of 51 jurisdictions identically when we checked all of them in August 2026 (North Dakota came back lower; New York isn’t offered). These are rate-sheet prices before underwriting, not a final offer.
A 35-year-old man in excellent health pays $28.54 a month. At 45 it’s $59.75, and at 55 it’s $154.83. Women pay less than men at every age on this sheet.
If your health is average
Not everyone qualifies for the best health class. Insurers decide yours from your application and your records, so it’s worth knowing the price one step down.
Here’s the same $350,000, 20-year policy in average health:
| Age | Man, average health | Woman, average health |
|---|---|---|
| 25 | $38.75 | $27.38 |
| 30 | $39.04 | $29.71 |
| 35 | $45.17 | $38.17 |
| 40 | $67.92 | $52.46 |
| 45 | $102.63 | $79.88 |
| 50 | $158.33 | $121.29 |
| 55 | $258.38 | $188.08 |
| 59 | $393.13 | $286.38 |
Monthly premiums from our own quote tool, pulled 5 October 2026 from one carrier’s partner rate sheet: $350,000 of coverage, 20-year term, non-smoker, Georgia ZIP. That sheet priced 49 of 51 jurisdictions identically when we checked all of them in August 2026 (North Dakota came back lower; New York isn’t offered). These are rate-sheet prices before underwriting, not a final offer.
At 40, average health costs a woman $52.46 a month instead of $32.63, and a man $67.92 instead of $40.21.
What “no exam” actually means
No exam doesn’t mean no questions. It means the insurer skips the blood draw and the physical and decides from your answers plus outside data.
Traditional underwriting, the NAIC explains, asks for “a physical exam and fluids testing (blood, urine, and saliva),” and the process “can be up to a few months.” Accelerated underwriting replaces the exam with outside data and “can effectively reduce the length of the application process from several weeks to just a few hours.”
There are three kinds of no-exam policy, and they aren’t priced the same:
- Accelerated underwriting. You answer full health questions and the insurer checks records instead of sending a paramedic. The NAIC notes it “does not always lead to issuance of a policy,” so some applicants are still asked for the exam.
- Simplified issue. A short application with a few health questions. Life Happens says the coverage limit is often low and it “often costs more, on a dollar-for-dollar basis.”
- Guaranteed issue. No exam and no health questions, but there’s often a waiting period before a full payout, and Life Happens says it “can stretch as long as several years.”
A $350,000 policy sits well inside what accelerated programs write. In the Society of Actuaries’ 2022 accelerated underwriting survey of 24 insurers, the most common no-exam ceiling was $1,000,000, and the most common issue ages were 18 to 60.
What insurers check instead of an exam
The same survey lists the tools insurers lean on most when they waive the exam: the electronic application, MIB and prescription histories, and motor vehicle records. In practice that means:
- Your application. Answer every question honestly. The NAIC’s buyer’s guide warns that if an insurer finds false statements after it issues the policy, “it could reduce or cancel your coverage.”
- Your prescription history. What you’ve been prescribed says a lot about your health without a blood test.
- Your MIB file. MIB, Inc. collects information about medical conditions and hazardous hobbies and reports it to life insurers with your permission. The CFPB says you can get one free report every 12 months and dispute anything that’s wrong.
- Your driving record. DUIs and speeding tickets show up here, and they can change your offer.
Who a $350,000 policy fits
A $350,000 policy is a middle-size amount. It can cover a typical mortgage balance, a few years of income for a young family, or top up the life insurance you get through work.
That last one matters more than people think. The Texas Department of Insurance says a basic group policy through your job “usually has a death benefit equal to one or two times your annual salary,” and it “typically ends when you leave your job.”
To size your own number, the NAIC suggests asking: does anyone depend on me financially, how much of the family income do I provide, and how would my family pay final expenses and debts without me? If those answers point higher, here’s what $400,000 of no-exam term costs.
What pushes the price up
Washington’s insurance commissioner lists the main things insurers price on: your sex, health problems, occupation, hobbies, habits, and anything else that could shorten your life, like a bad driving record or dangerous activities.
Some of those can also get you turned down. Life Happens names health problems such as diabetes, obesity or a past serious diagnosis, plus risky hobbies like skydiving, a history of DUIs, a dangerous job like roofing, and smoking.
If you’re turned down
A no from one insurer isn’t a no from all of them. The Washington guide puts it plainly: “If a company turns you down for a policy, try another company,” since one might reject high blood pressure you control with medication while another accepts it.
If the decision was based on wrong information, you can appeal. And if it was about something you can change, Life Happens suggests using the wait to get health conditions under control, quit smoking or clean up your driving record before you apply again.
How to apply online
You can apply through an agent, by mail or online. On a no-exam application you’ll answer health questions, and depending on your answers you may be offered coverage right away. If you aren’t, Life Happens says a decision “usually only takes days instead of weeks.”
Two rules before you sign. Don’t cancel an old policy until the new one is in force, which is the NAIC’s advice too. And use the free look: if you’re unhappy with a new policy, you can usually return it for a full refund within about 10 days of getting it.
When you’re ready, compare term life insurance quotes for your own age, health and coverage.
Frequently asked questions
How much is a $350,000 term life policy for a 50-year-old?
On the sheet we quote from, $350,000 of 20-year no-exam term costs a 50-year-old non-smoker $73.46 a month (woman) or $91.54 (man) in excellent health, and $121.29 or $158.33 in average health. Those are prices before underwriting, so your own offer can come back different.
Is no-exam life insurance more expensive?
It can be. The NAIC says that “usually a policy that doesn’t require detailed health information will cost more and provide less coverage than one that does.” Simplified underwriting, in its words, lets you skip the exam “in exchange for generally higher premiums.” That’s why it pays to answer the full health questions when you can.
How long does approval take without an exam?
Often hours, not weeks. The NAIC says accelerated underwriting can cut the process “from several weeks to just a few hours.” If an insurer can’t decide instantly, Life Happens says it usually takes days. A traditional application with an exam can take up to a few months.
What’s the most coverage I can get without an exam?
It depends on the insurer and your age. In the Society of Actuaries’ survey of 24 insurers, the most common no-exam maximum was $1,000,000, though one program went as high as $7,500,000. At $350,000 you’re well under the usual limit.
How we got these numbers
- Every premium on this page comes from our own life quote tool, which prices from one carrier's partner rate sheet. Each table says the day its prices were pulled.
- We priced a Georgia ZIP. When we priced the same applicant in all 51 jurisdictions in August 2026, 49 came back identical; North Dakota came back lower and New York isn't offered.
- Excellent and average are the rate sheet's own health classes. These are prices before underwriting, so the offer you get after an insurer reviews your application can be different.