I am sure you have heard several horror stories about how long it takes to get approved for life insurance or how inconvenient an insurance exam can be. 

But here’s the thing: 

In the last few years, there have been a ton of new life insurance companies with new technology that have made buying life insurance fast, simple, and more affordable.

no medical exam life insurance

In this post today, I will go over what no medical exam life insurance is, how it works, and why it’s one of the best options for buying insurance today, either online or offline. 

What Is No Medical Exam Life Insurance?

No medical exam life insurance is a life insurance policy that doesn’t require you to take a medical exam to get approved for a policy. This type of insurance has quickly become the best way to get life insurance, especially with the current pandemic.

The way it works is simple when you apply for life insurance, instead of requiring you to take a physical; the insurance company pulls the below reports:

  • MIB - The MIB, short for Medical Information Bureau, is a non-profit group of insurance companies that share insurance data to help them with processing your life insurance application. It shows information such as approvals or declines for life insurance in the recent year; or even medical exams you may have completed with other companies.
  • Intelliscript - This company is all about your prescription drug history; just think of their report as a credit report for any prescription you have filled in the past few years. This is important because even if you end up not taking a specific medication, it will go on your report if you fill the prescription. This report is used to confirm what medications you take based on how you complete the application.
  • MVR - Your motor vehicle report is used as well, and it’s checked to make sure you don’t have a risky lifestyle with things like DUI’s, DWI’s, or too many speeding tickets. Some companies will decline you for coverage if you don’t have a current and valid driver’s license; this means if you currently have a suspended license, you should wait to apply for life insurance.

These reports used to be pulled once the application was submitted, but newer companies pull them in real-time as you complete your life insurance application online. 

This process is called real-time underwriting, and it is relatively new to the life insurance space. 

What’s the Goal Of Real-Time Underwriting?

The purpose of real-time underwriting is to give you an actual answer at the end of your life insurance application. 

While you are answering the application questions, the underwriting tool will ask additional questions to get the best scope of who you are and your health. 

At the end of the process, you are going to get 1 of 3 outcomes, which we list below: 

  • Approved - If you are approved, your only next step will be to make the initial payment, and your policy will go in-force. You will be able to make your payment immediately by either credit card or bank draft. You will be covered immediately, and your plan will arrive via email.
  • Approved Other Than Applied - This type of approval will give you the same result as getting approved. However, it will come with some sort of change; it could be that your premiums have increased based on the underwriting decision or even decreased if you are super healthy. If you accept the new rates, you will usually e-sign the amendment and then make your payment.
  • Declined - If you have been declined, it means that you don’t qualify for life insurance without an exam from the specific company that declined you. Every company has its underwriting guidelines, and that’s why it’s essential to apply for more than one company if you are going with no-exam coverage. It’s perfectly fine to have multiple life insurance policies.

THE SIMPLY INSURANCE WAY

Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, 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.

What Is Life Insurance With No Medical Questions or Exam?

Also known as guaranteed Issue whole life insurance, life insurance with no medical questions or exam lets you avoid both the medical exam and question parts of your life insurance application.

This policy is best for people between the ages of 45 - 85 who can’t get approved for a traditional life policy due to health reasons.

These policies will usually have a waiting period before 100% of the benefits payout and are way more expensive than a traditional life plan.

The best way to avoid needing this type of policy is to buy insurance when you’re young.

Can You Get Whole Life Insurance With No Medical Exam Or Health Questions? 

Yes, you can get whole life insurance with no exams or questions. However, this type of product should be your last resort.

It is often called guaranteed acceptance whole life insurance and usually has a waiting period before coverage starts.

If you're healthy and can get coverage through a traditional life insurance policy, you should avoid this type of product.

Is There No Medical Exam Life Insurance For Seniors?

Yes, a few life insurance companies go up to age 65 for no exam term life insurance, and some companies offer no exam whole life insurance up to age 85.

However, if you are between the ages of 50 to 65, you should try your best to go with the term life option first before trying the whole life option.

What Types Of Life Insurance Don’t Require An Exam?

While most sites only claim there are two, there are a few types of life insurance that don’t require an exam, so we break them down below: 

No Exam (Traditional)

A traditional “No Exam” policy only removed the requirement for you to complete a medical exam. You still had to go through the rest of the process of: 

  • A possible telephone interview
  • Waiting for your doctor to send in your medical history records or an (APS)
  • Having your application reviewed by an underwriter manually.
  • Final Decision

While much faster than a traditionally underwritten plan, this entire process still puts you in a position of waiting about 2 weeks for a decision. 

Simplified Issue Life Insurance

A Simplified Issue life insurance policy can be thought of as an upgrade to a no physical policy.

The benefits of this type of policy are that you: 

  • Won’t have to take an exam
  • No medical records will be requested
  • You usually won’t need to complete a phone interview.
  • Not too often will an underwriter do a manual review.

The simplified issue process allows you to get approved in as little as a few hours and as long as a few days.

If your policy is inside of underwriting for more than a week, then you probably need to give additional information. 

Instant-Approval Term Life Insurance

If you thought the Simplified issue process was fast, then Instant Approval term life insurance will blow your mind.

The best thing about this policy is that: 

  • It won’t require a medical exam.
  • You won’t need medical records from your doctor.
  • No telephone interview will be requested.
  • The application can be completed 100% online with real-time underwriting.
  • You get an instant answer.
  • Coverage starts immediately with your first premium payment.

In my opinion, there is no better way to buy life insurance, and below, we review a few companies that offer this option.

Group Life Insurance

While it’s perfectly fine to go for life insurance with your employer, I still recommend having a policy outside of work.

Most companies only offer you 1 times your annual income in life insurance coverage, which is nowhere nearly enough for a family to survive on if you pass away.

Also, if you lose the job, you can’t keep your policy most of the time.

The benefit of a group policy is that you don’t have to worry about exams or anything because everyone is rated together “as-a-whole.” Usually, your employer will cover the cost.

Guaranteed Issue Life Insurance (Last Resort)

A guaranteed issue policy should be your last resort. This policy is best for people between the ages of 45 - 85 who can’t get approved for a traditional life policy due to health reasons.

These policies will usually have a waiting period before 100% of the benefits payout and are way more expensive than a traditional life plan.

The best way to avoid needing this type of policy is to buy insurance when you’re young.

INSURANCE WHERE YOU LIVE

Life insurance by state.

How Much Life Insurance Can You Get Without An Exam?

Most life insurance companies limit how much coverage they will allow you to purchase without an exam.  In general, the limits are either $500,000 or $1,000,000 in coverage.

If you find yourself needing more coverage than that, you might have to go the more traditional (medical exam) route for life insurance coverage.

I usually recommend between 10 and 20 times your annual income, so if you make $50,000 a year, you will need between $500,000 and $1,000,000 in coverage.

How Much Does No Exam Life Insurance Cost?

Since you aren’t being required to take a medical exam and in some cases, your medical records won’t even be needed, the cost of a no-exam policy is usually higher than a traditional term policy requiring an exam.

With this being said, the policies don’t cost that much more than policies that require an exam; just check out the sample rates below, they are pretty affordable: 

No Medical Exam Life Insurance Quotes For Women

Amount

10 Year Term

20 Year Term

$100,000

$9.00

$10.00

$250,000

$13.00

$15.00

$300,000

$15.00

$17.00

$400,000

$18.00

$21.00

$500,000

$22.00

$26.00

*Rates are based on a 33 year old female in preferred health non-tobacco

No-Medical Life Insurance Quotes For Men

Amount

10 Year Term

20 Year Term

$100,000

$10.00

$12.00

$250,000

$14.00

$17.00

$300,000

$16.00

$19.00

$400,000

$20.00

$25.00

$500,000

$25.00

$30.00

*Rates are based on a 33 year old male in preferred health non-tobacco

THE SIMPLY INSURANCE WAY

Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, 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.

Who Should Get No Medical Exam Life Insurance?

I won’t confess to you that everyone should get a no exam policy or that everyone can even qualify for one. 

However, there are a few people that should absolutely look into a no exam policy first: 

  • Young & Healthy People - If you are young and healthy, your first choice should be a no-exam option. You are going to be able to lock your rate in and complete the application process super fast. There is really no reason to take the exam, and you will see that the rates won’t be worth the annoying process of completing an exam. 
  • Busy People - The biggest issue I had over and over when trying to get busy people approved for a traditional policy requiring an exam is that they could never find time to meet the medical examiner. Sometimes life is just that busy, and if you are in that position, you should go with a no physical policy. 
  • Someone Getting Divorced - When you get divorced, especially if you have kids, there is usually a divorce decree stating that you need to hold life insurance until your kids come of age. It’s usually a stipulation that is required, and that has a time limit on it. The faster, the better, and no exam is the best option. 
  • A Person That Hates Needles - Seriously, there is absolutely no better option if you hate needles. 
  • You Want An SBA Loan - If you apply for an SBA Loan, they will require that you get a life insurance policy that is equal to or more than the amount of the loan you are requesting. They will also want to make sure the policy’s term length is longer or matches the loan term length.

Best Companies For Term Life Insurance With No Medical Exam

Check out our top 3 life insurance companies for no exam below.  All companies offer a 100% online process; their rates and approval speed will vary. 

bestow logo
haven life logo large
fabric life new logo

Available For Ages:

21 to 55 Years Old

Available For Ages:

18 to 65 Years Old

Available For Ages:

21 to 60 Years Old

Coverage Amounts:

$50,000 to $1,000,000

Coverage Amounts:

$50,000 to $3,000,000

Coverage Amounts:

$100,000 to $1,000,000

20 Year $250,000 Quote:
$17.50/month

20 Year $250,000 Quote:

$18.90/month

20 Year $250,000 Quote:

$20.39/month

Need more info? Check out our Bestow review

Need more info? Check out our Haven review

Need more info? Check out our Fabric review

*Rates are based on a 35 year old male non-tobacco user in excellent health

While all three companies are a great choice, if you need less than $1 Million then you should check out Bestow first. 

Not only do they seem to have lower premiums, but you also can get approved much faster than with the other companies.

Taking Action

There is no need to wait around to get a no medical exam life insurance policy. 

Now that the process for buying life insurance is much simpler, more people (including you) should be getting covered.

If you understand your coverage needs, all that’s left to do is read a few product and customer reviews and apply online

Frequently Asked Questions


Can you get life insurance without a medical exam?

Yes, you can get term life insurance without taking a medical exam and it’s usually as simple as answering a few medical questions online and submitting your application. Some companies can issue instant results; however, your premiums can be higher based on how you answer the health questions.

How does no medical exam life insurance work?

The way no exam life insurance works is that it allows you to apply for life insurance without having to complete a medical exam. Some no medical exam companies even have the ability to approve you without medical records as well. 

How much term life insurance can I get without a medical exam?

Without taking an exam you usually can get between $250,000 to $500,000 in term life insurance. However, with companies like Bestow or Haven Life you can get up to $1Million or $3Million in coverage without an exam. 

What does a life insurance medical exam consist of?

A life insurance medical exam consists of a detailed questionnaire and a full physical exam which includes checking your height & weight, blood pressure, taking a urine sample and also drawing blood. Depending on your age you might also have to take a resting EKG test to check your heart. 


Sa El

About the author

Sa El is the Co-Founder of Simply Insurance and a licensed Insurance Agent with over 12 years of experience in the industry.  He specializes in Life & Health Insurance and is certified in Long Term Care Insurance in the state of Georgia. He is also an Official Member of the Forbes Finance Council, a licensed real estate agent in the state of Georgia (License #382602), an entrepreneur, insurance educator, and freelance writer.


{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}