5 Best No Exam Life Insurance Companies In 2019 // Rates & Reviews

Jul 31, 2019 (0) comment

no exam life insurance companies

Top 3 No Medical Exam Life Insurance Companies Comparison Chart

1st


bestow life insurance logo

Bestow is backed by A+ rated North American, and is our #1 recommendation. Competitive rates and an instant approval process earned it the 1st spot.
Click below to get an accurate quote.

2nd


haven life review, haven life, haven life logo

Haven Life is backed by A+ rated Mass Mutual, and is our #2 recommendation. Solid rates and easy application process earned it the 2nd spot.
Click below to get an accurate quote.

3rd


fabric life insurance logo

​Fabric is backed by A+ rated ​Vantis Life, and is our #3 recommendation. ​​Free Wills and ​a fast approval process earned it the 3rd spot.
Click below to get an accurate quote.


Choosing the best life insurance company can be complicated and it's hard to know where to start with hundreds of companies and policies to choose from.

What if I told you we have taken all of the guess work out and narrowed it down and compared 5 of the best no exam life insurance companies in the United States.

In this post we will compare ​and review these top life insurance companies​, explain why they are the best options in 2019 and go over some sample rates.

Let's dive in!

no exam life insurance companies

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Best life insurance no medical exam companies

1. Bestow

bestow life insurance logo

​Bestow is our #1 recommended ​no exam life insurance company.   

They are the only product on the market that offers a true no exam experience from the application process all the way through to the approval.

If you need affordable life insurance​ without a medical exam, there is no ​faster option in the life insurance space today.

bestow life

​Features & Benefits

Why buy coverage from Bestow? Here are just a few reasons they're our favorite...

  • ​Up To $1,000,000 In No ​Medical Exam Coverage
  • ​Get An Instant Approval In 5 Minutes
  • ​No Exam, No Blood Tests & No Waiting Period
  • ​Secure And Simple Online Application
  • No Pushy Sales Calls
  • 2 Year Term Life Insurance Option
  • 30 Day Money Back Guarantee

Bestow has also designed a brand new underwriting framework and built ​one of the best processes ​for instantly ​purchasing life insurance online.

​Your application will be underwritten in real time, so, ​the questions will change and update as you answer one question to the next.  This means that by the end of the application your underwriting is done and your decision is issued instantly.

​No other company ​has an underwriting platform that is designed to function the way Bestow has set theirs up.  Their policies are issued by North American Company for Life and Health Insurance which is rated A+(Superior) by A.M. Best.

Bestow Reviews (5/5) 

​Bestow has received over 100 reviews from verified policy holders, averaging 4.9 out of 5 stars.

In fact, they have an A rating from the Better Business Bureau (BBB), and even though they don't have any reviews on the BBB yet, they have absolutely no complaints filed against them.  

bestow bbb reviews

​Want to learn more? Read our full Bestow review here.

Sample Quotes & Rates

​Bestow has some of the lowest rates when it comes to no medical exam term life insurance, check out our sample rates below:

  • ​Bestow Rates For ​Women
  • ​Bestow Rates For ​Men

*Rates are based on a 20 Year Term Policy - Non-tobacco Male with a preferred health rating

​Age

​$250,000

​$500,000


20 Years Old


$15.00


$25.00


25 Years Old


$15.00


$25.00


30 Years Old


$16.00


$26.00


35 Years Old


$18.00


$33.00


40 Years Old


$24.00


$43.00


44 Years Old


$32.00


$60.00

​Keep in mind that the rates are going to be different for everyone based on your exact age but the above rates are pretty close.

As you can see, you can get a ton of coverage for a very affordable rate, to get the best rate you should look at different term lengths and coverage option combinations.

Pro Tip: If you are a tobacco user your rates are going to be a bit higher and the above sample rates don't apply to you.  It is best to click through to see your rates.

Click here to see our guide to buying life insurance, full of tips, strategies and more!

​Bonus: ​It is recommended that you purchase at the least 10x(times) your annual income in life insurance coverage.  However, I always like to recommend 15x to 20x(Times) if you can afford it.

*Rates From $2.50/month (30-Day Free Look Period)
*Rates based on a female in her mid 20's 2 Year Term, $50,000 term policy in excellent health.


2. Haven Life

haven life logo large

​Coming in at a close second to Bestow is Haven Life, another one of the best places to buy no exam life insurance online.

Just like Bestow, Haven Life allows you to purchase life insurance online very fast and you also have the ability for an immediate decision.

Even though they offer a 30 year term, there is a possibility, based on your ​health, that you might have to take an exam.

haven life

Features & Benefits

Some reasons why Haven made the cut:

  • ​Up To $3,000,000 In No ​Medical Exam Coverage*
  • ​Get An ​Immediate ​Decision In 10 Minutes
  • ​Secure And Simple Online Application
  • No Pushy Sales Calls
  • ​10 Day Money Back Guarantee

​*Depending on your health you might have to take an exam to be covered.

Haven is also one of the first companies that offers the ability to apply for term life insurance up to $3,000,000 with an easy, online process and without the need to consult an agent.

​Through its partnership with MassMutual, they have created a process called InstantTerm, which allows coverage to begin immediately for some qualified applications (up to age 45).

And just like Bestow, their system can underwrite you while you are completing ​the application for an ​Immediate Decision. Their policies are issued by ​MassMutual which is rated A+(Superior) by A.M. Best.

​Haven Reviews (4.8/5) 

Haven life has received over 552 5-Star reviews on Trustpilot, so the overall experience that people are having with them is pretty good.

However, even though they have an A+ rating with the BBB they currently have a 1-star customer review and 2 customer complaints over the last 3 years about the speed of their approval process.

haven life bbb reviews

Sample Quotes & Rates

Haven life also has very affordable rates when it comes to term life insurance with no medical exam.

  • ​HAVEN Rates For ​Women
  • ​​Haven Rates For ​Men

​*Rates are based on a non-tobacco male with a preferred health rating looking for a 20 Year Term.

​AGE

$250,000

$500,000


25 Years Old


$​12.88


$​19.75


30 Years Old


$13.08


$20.17


35 Years Old


$13.50


$21.00


40 Years Old


$18.50


$30.58


​45 Years Old


$27.88


$49.33


50 Years Old


$41.42


$76.00

​Again, keep in mind that the rates are going to be different for everyone based on your exact age​ and health but the above rates are pretty close to your real rate.

As you can see, you can get a ton of coverage for a very affordable rate, to get the best rate you should look at different term lengths and coverage option combinations.

Pro Tip:​ Once you click through any of these insurance companies you can get quotes without giving any personal information.

*Rates From $7.33/month (10-Day Free Look Period)
​*Rates based on an 18 year old female buying a 10 Year $100,000 term policy, she is in excellent health and a non-tobacco user.


3. Fabric

accidental death insurance, fabric life, fabric life, logo

​Fabric​ life has been putting a twist on life insurance since it started and has recently launched its Fabric Premium product.  

​Along with offering a no exam option for up to $1,000,000 in coverage, they also offer free Personal Wills and all sorts of neat tools to manage your policy.

​If you need more than $1,000,000, however, you will have to take an exam.

fabric life home page

Features & Benefits

​Fabric made the top 5 due to their fast application process, low rates, and t​he fact that they offer free personal Wills and special tools for policy management:

  • ​Up to $1,000,000 in no-exam coverage (for those who qualify).
  • ​Get A ​Quick Approval In 5 Minutes
  • ​Free Personal Wills
  • No Pushy Sales Calls
  • Secure And Simple Online Application
  • ​10 Day ​Free Look Period
  • ​Easy System To Share Your Policy With A Beneficiary

​Like ​Haven & Bestow, ​Fabric accesses data, such as your motor vehicle and prescription drug records, and uses predictive analytics to decide whether you qualify and to determine rates.

​Fabric really wants to add additional focus around the entire idea of life insurance, from purchasing it, to managing it, and to having a personal Will.

​They also pioneered a software that allows you to share your policy information with a beneficiary super easy.

Their policies are issued by ​Vantis Life which is rated A+(​Superior) by A.M. Best.

​Fabric Reviews (4.7/5) 

​Fabric has received over 1,216 4 & 5 - Star reviews on Trustpilot out of a total of 1,257 reviews, so over 97% of customers that purchased coverage, or obtained a free Will through them ​have had a great experience.

​They have were recently Accredited, and have an A+ rating with the BBB along with 0 reviews and 0 complaints so far​. 

fabric bbb reviews

​Complete review of Fabric Premium coming soon.

Sample Quotes & Rates

​Fabric life is going to have ​some very affordable rates out of the ​five companies we have reviewed​ and comes with additional benefits like their free Wills.

Below are the sample rates:

  • ​Fabric Rates For ​Women
  • ​fabric Rates For ​Men

*Rates are based on a 20 Year Term Policy - Non-tobacco Male with a preferred health rating

​Age

​$250,000

​$500,000


21 Years Old


$​15.79


$​22.72


25 Years Old


$1​5.79


$​22.72


30 Years Old


$1​5.92


$​23.56


35 Years Old


$​​16.04


$​​24.39


40 Years Old


$​23.64


$​40.05


45 Years Old


$​31.24


$​55.71

*Rates From $9.36/month (10-Day Free Look Period)
*Rates based on an 21 year old female 10 Year Term, $100,000 term policy in excellent health.


4. Ethos

ethos life logo

​Last but not least we have Ethos which is the youngest entrant of the 3 companies but still offers some great options for​ term life insurance with no exam online.  ​

​They do offer higher benefit amounts than both of the above companies; however, the average person probably doesn't need the maximum amount of coverage they offer of $10,000,000.

​If you need more than $1,000,000, however, you will have to take an exam.

ethos life

Features & Benefits

​Ethos made the top 3 due to their fast application process and that they have multiple policy riders available, check out their plan benefits below:

  • ​Up To $1,000,000 In Coverage - No ​Medical Exam ​Required
  • ​Get A ​Quick Approval In 10 Minutes
  • ​No Exam, No Blood Tests & No Waiting Period
  • No Pushy Sales Calls
  • ​Secure And Simple Online Application
  • ​Return of Premium Term Life Insurance Option
  • 30 Day Money Back Guarantee

​Like ​Haven & Bestow, Ethos accesses data, such as your motor vehicle and prescription drug records, and uses predictive analytics to decide whether you qualify and to determine rates.

Ethos really wants to focus on being ethical and helping you get fast life insurance and without needing an agent.

Ethos is also one of the few companies that is offering coverage starting at $25,000.  This is a great option because it means you have the ability to keep your premiums lower.

Their policies are issued by ​Assurity Life which is rated A-(​Excellent) by A.M. Best.

​Ethos Reviews (4.6/5) 

​Ethos has received over 190 5-Star reviews on Trustpilot out of a total of 236 reviews, so over 80% of customers that purchase through them have a great experience.

​They have an A+ rating with the BBB along with 0 reviews and 0 compalints so far​. 

ethos bbb review

Sample Quotes & Rates

​Ethos life is going to have some of the most expensive rates out of the ​policies we have reviewed; however, they offer up to $10,000,000 in coverage if you need that much... Below are the sample rates:

  • ​ETHOS Rates For ​Women
  • Ethos Rates For ​Men

*Rates are based on a 20 Year Term Policy - Non-tobacco Male with a preferred health rating

​Age

​$250,000

​$500,000


20 Years Old


$​18.00


$​30.00


25 Years Old


$18.00


$​30.00


30 Years Old


$18.00


$30.00


35 Years Old


$​22.00


$​37.00


40 Years Old


$31.00


$55.00


45 Years Old


$44.00


$76.00

*Rates From $7.00/month (30-Day Free Look Period)
​*Rates based on an 18 year old female 10 Year Term, $25,000 term policy in excellent health.


5. Ladder

Ladder Logo, Ladder Life, Ladder Life Logo

Ladder Life is taking the normal life insurance policy and turning it on its head through a process they like to call Dynamic Life Insurance.

​They have streamlined ​the ability to change your life insurance coverage based ​on your current life events. 

​Once your initial coverage is in place, you can either "Ladder Up" your coverage or "Ladder Down" your coverage.

Like the other companies, they do offer the ability to get life insurance with no exam.

ladder life home page

Features & Benefits

​Ladder made the top 5 due to their fast application process and that they give you the ability to easily increase or decrease your coverage over time.  Check out their benefits below:

  • ​No Exam Option Available
  • ​Get A ​Quick Approval In 5 Minutes
  • ​No Exam, No Blood Tests & No Waiting Period
  • No Pushy Sales Calls
  • ​Secure And Simple Online Application
  • ​Option To Ladder Policy Up or Down
  • 30 Day Money Back Guarantee
  • ​No Policy Fees

​Like ​​the other companies, Ladder accesses data, such as your motor vehicle and prescription drug records, and uses predictive analytics to decide whether you qualify and to determine rates.

​Ladder really wants to focus on offering a new way to purchase life insurance and helping you get it fast​.

Their policies are issued by ​Fidelity Security Life which is rated A+(​Superior) by A.M. Best.

​Ladder Reviews (4.5/5) 

​Ladder has received over ​355 5-Star reviews on Trustpilot out of a total of 414 reviews, so over 85% of customers that purchase through them have a great experience.

​I was unable to find anything through the BBB for them, they currently don't have a profile setup and no one has complained against them for anything.

Sample Quotes & Rates

​Ladder life is going to have some of the most expensive rates out of the ​five companies we have reviewed; however, they offer up to $8,000,000 in coverage if you need that much... Below are ​some sample rates:

  • ​ladder Rates For ​Women
  • ​LADDER Rates For ​Men

*Rates are based on a 20 Year Term Policy - Non-tobacco Male with a preferred health rating

​Age

​$250,000

​$500,000


20 Years Old


$​21.00


$​27.00


25 Years Old


$21.00


$​27.00


30 Years Old


$21.00


$27.00


35 Years Old


$​24.00


$​30.00


40 Years Old


$31.00


$49.00


45 Years Old


$44.00


$75.00

*Rates From $8.26/month (30-Day Free Look Period)
​*Rates based on an 20 year old female 10 Year Term, $100,000 term policy in excellent health.


Types Of No Medical Exam Life Insurance Coverage

​There are only two different types of no exam life insurance coverage and we go over them below:

No Exam ​Life Insurance

​When people think of no medical life insurance they often think it automatically means no underwriting and no medical records.

However, that isn't the case, a true no physical exam policy does just that, it doesn't require a physical, but it does require the same underwriting requirements of:

  • ​Medical Records (APS)
  • ​Telephone Interview
  • ​Prescription Drug Report (Intelliscript)
  • ​Motor Vehicle Record (MVR)
  • Medical Information Bureau Report (MIB)

​If you look at this list, you might realize that while a no exam policy is still faster, it only cuts about 2 weeks off of the wait time of a traditional life insurance ​application process.

​Simplified Issue Life Insurance - What The 3 Products Above Are

​A simplified issue term life insurance policy is what most people are thinking about when they say they are looking for a life insurance policy with no physical. 

It's because this policy doesn't request a medical exam, nor does it require doctor records and most of the time no telephone interview; the underwriting requirements look like this: ​​

  • ​Prescription Drug Report (Intelliscript)
  • ​Motor Vehicle Record (MVR)
  • Medical Information Bureau Report (MIB)

​These request can be pulled​ instantly ​during ​your application and by the time you are done, you get an answer of either Approved or Declined.

There really isn't any type of waiting and that is why it is called Simplified Issue.

​Luckily for you, the products we discussed today offer ​this simplified issue style of approvals.

How Much Term Life Insurance Do You Need?

Most insurance companies allow you to purchase up to 30x your annual income, but we recommend that you have at the least 10x your annual income in any type of life insurance.

So if you make $50,000 / year, a policy for $500,000 would be our suggestion. 

You can use our life insurance calculator to figure out how much coverage you might need.

Just remember to buy life insurance that you can afford.

If the​ monthly cost of 10X your annual income is too expensive for you, go down to 5X your income, just make sure you can cover your beneficiaries life insurance needs.

What Life Insurance With No Exam Covers

Like a traditional term life insurance policy, the death benefit of a term life insurance no medical exam policy will cover the same things.

The payout is another form of a lump sum payment, and once it's paid out to your beneficiary they can use it to pay for anything.

Here is a list of a few things you can do with a life insurance payout:

  • ​​Pay Off Your Mortgage
  • ​​Get rid of your car note
  • ​​Clear credit card debt
  • ​Cover Kids College Expenses
  • ​Pay Taxes
  • ​Pay Daily Living Expenses
  • ​Use As Income Replacement
  • ​Invest (Here are 30+ Ways To Invest)
  • ​Cover Child Care Expenses
  • ​Pay final expenses of the insured

Who Should Buy A No Medical Exam Life Insurance Policy?

No physical exam life insurance coverage is best for people looking to get life insurance without waiting as well as: 

  • ​Someone afraid of needles
  • ​People who can't look at blood
  • ​You are trying to fund an SBA Loan fast
  • ​If you need life insurance as a young adult
  • ​If you don't have time to complete an exam
  • ​When dealing with life insurance and divorce
  • ​You Don't want to wait 3 weeks to get ​your coverage started

​​No medical exam life insurance ​is becoming the new way to purchase life insurance in general and if you need coverage fast, just go with no exam.

No Exam Life Insurance Companies Ratings

Financial standings and ratings are one of the most important factors mentioned above when trying to determine which life insurance company to choose. 

This is because their rating is determined based on their financial health and claims paying history and ability.

You want to be sure that you are with a company that will be able to pay their claims if you pass away. 

​Frequently Asked Questions

How much life insurance can you get without a medical exam?

You can get up to $1,000,000 in life insurance without a medical exam, the process is very fast and the rates are affordable.

What is no medical life insurance?

No medical life insurance is a type of life insurance policy that allows you to get covered without having to complete a medical exam. 

Some people often think no exam, means no underwriting, but that isn't the case, you still have to pass the remaining underwriting requirements.

Does all life insurance require a physical?

​No, all life insurance does not require a physical, there are several products that allow you to avoid a physical such as simplified issue life insurance, no exam life insurance, accidental death life insurance, and guaranteed issue life insurance.​​​

Can I get life insurance if I have cancer?

Unfortunately, if you currently have cancer and are being treated for it you won't be able to purchase life insurance.  There is usually a 10 year waiting period for standard rates when it comes to a cancer diagnosis. 

In some cases if it has been longer than 2 years you can apply for a Graded Death Benefit policy.

Can a dying person get life insurance?

If you are currently dying from some sort of illness or accident, there isn't any way to get life insurance if you don't already have it.

What medical conditions affect life insurance?

Any medical condition that you have can affect life insurance rates, this is because each insurance company has its own underwriting guidelines. 

High blood pressure, high cholesterol, diabetes, anything you can think of, will affect your life insurance.

Does life insurance pay if you die of cancer?

Yes, as long as the cancer was diagnosed after you purchased your life insurance.  If you are diagnosed with cancer, and then apply for life insurance before the information hits your reports, there is a high possibility the policy won't pay out.

Take Action - You Decide

​So there you have it, the 3 best no exam life insurance companies in 2019.  

I hope you all enjoyed our review and are more educated on which company will work best for you with no exam life insurance. 

​Be sure to get covered as soon as it is possible and ​you should apply to more than one company if you can't decide because it doesn't cost anything to apply.

There is nothing better than peace of mind!


Sa El is the Co-Founder & CEO of Simply Insurance. He is a Licensed Life and Health Insurance Agent with over 10 years of experience in the industry. He is an Entrepreneur, Insurance Educator and Field Underwriter. Sa is on a Journey to get 1 Million Families insured.

All posts by Mark Mathon

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