Top 10 Best No Medical Exam Term Life Insurance Companies

no exam life insurance companies

At TermLife2Go, people frequently contact us looking to purchase a “no medical exam” same-day life insurance policy.

We’re excited to highlight some of the companies that we feel are currently offering some of the top 10 no medical exam term life insurance policies out there and second, to highlight why some types of life insurance policies may be a better than others in certain situations (such as pre-existing medical conditions). Now without further ado…

Best life insurance companies without a medical exam

  1. American Amicable
  2. American National
  3. Assurity
  4. Fidelity Life
  5. Foresters
  6. Gerber Life
  7. Mutual of Omaha
  8. North American Company
  9. Phoenix Life
  10. Principal Financial Group
  11. Sagicor
  12. Transamerica

(According to TermLife2Go. And yes, we know there are 12, but top 10 lists are so much better.)

Life Insurance Companies Without a Medical Exam Comparison Chart

Let’s review the life insurance companies that make up the best choices for no exam life insurance coverage so you can find your best option. As we evaluated the different options for no exam insurance companies, we compared price, ease of use, and company strength.

Company Name A.M. Best Rating Coverage Amount Offered Riders Learn More
American Amicable A.M. Best Rating A $50,000 – $400,000 Accelerated Benefit,
Waiver of Premium,
Chronic Illness,
Total Disability Benefit
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American National A.M. Best Rating A Term up to $250,000
Whole up to $150,000
GI up to $25,000
Conversion Option,
Waiver of Premium,
Living Benefits
Get a quote
Assurity A.M. Best Rating A- $50,000 – $350,000 Conversion Option,
Critical Illness
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Fidelity Life A.M. Best Rating A- $25,000 – $250,000 Accidental Death,
Dependent Child
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Foresters A.M. Best Rating A $2,000 – $35,000 Depending on Plan Common Carrier,
Accidental Death
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Gerber Life A.M. Best Rating A $5,000 – $25,000 Cash Value Get a quote
Mutual of Omaha A.M. Best Rating A+ Varies based on product Disability Income,
Waiver of Premium,
Accidental Death
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North American Company A.M. Best Rating A+ $50,000 – $500,000 Accelerated Death Benefit, Conversion Option Get a quote
Phoenix Life A.M. Best Rating B $25,000 – $400,000 Chronic Illness, Terminal Illness, Critical Illness Get a quote
Principal Financial Group A.M. Best Rating A+ Up to $1,000,000 no medical exam required if qualified Accelerated Death Benefit, Conversion Option Get a quote
Sagicor A.M. Best Rating A- Term up to $500,000
Universal up to $400,000
Accelerated Benefit, Nursing Home Confinement, Conversion Option Get a quote
Transamerica A.M. Best Rating A+ $25,000 – $249,999 Accident Indemnity,
Waiver of Premium
Get a quote

Please Note: issuance of any no medical exam policy may depend upon the answers to the health questions set forth in the application for that particular carrier.

If you’re ready to start the application process, you can compare no medical exam term life insurance quotes with fully underwritten quotes or simply enter your info below to start the application process online.

Ultimately the decision on which of these companies is best for you will depend on your unique health situation and what goals you hope to achieve by purchasing life insurance for your family. We also specialize in fully underwritten companies and we’re happy to direct you through that application process, so don’t forget to check out our Best Life Insurance Companies in the United States list if you are considering taking an exam.

No medical exam life insurance companies in-depth reviews

Let’s take a closer look at these awesome accelerated underwriting and simplified issue life insurance companies and policies.

American Amicable


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Carrying an A.M. Best Company rating of “A,” American Amicable’s no exam life insurance is a no-brainer for many of our clients considering securing protection without having to take an exam or give blood. The Company’s flagship no physical exam product is called Term Made Simple.

About Term Made Simple

Term Made Simple is level premium term life insurance coverage that requires no exam and no blood work. The policy offers many excellent riders and comes in term lengths of 10, 15, 20 and 30 years. Available for ages 18-65 (75 years for 10-year term), this product offers competitive no medical exam life insurance rates, for preferred, standard and standard tobacco health classes.

For more, see our American Amicable Review.

American National Life Insurance Company

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With an A.M Best Company rating of “A” American National Insurance Company (ANICO) needs to be considered when you’re looking at which company is going to provide you and your family with the best no exam life insurance coverage possible.

What makes American National particularly attractive is its wide range of no medical exam life insurance options:

Freedom Term Life Insurance

  • Term life insurance coverage with no exam for 10, 20 or 30 years.
  • Face amounts up to $250,000.
  • Approval in less than 15 minutes.

ValueGuard Whole Life Insurance

  • This is a whole life insurance no medical exam policy.
  • Face amounts up to $150,000.
  • Approval in less than 15 minutes.

Legacy Whole Life Insurance

  • No exam and no health questions guaranteed issue whole life insurance.
  • Coverage available up to $25,000.
  • Available for ages 50-80.
  • 2 year Graded Death Benefit (If you die in the first 2 years policy returns 110% of premium paid).
  • You can have coverage in as quickly as 5 minutes.
  • Fixed premiums and fixed death benefit.

For more, see our American National Life Insurance Review.

Assurity

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With over 123 years of providing life insurance coverage and an AM Best Company rating of A- (excellent), Assurity is a strong contender when it comes to providing life insurance no exam options.

Ultimately, when it comes down to recommending Assurity, the main deciding factor will be: does Assurity have a product that meets your needs?

Assurity’s Term Life Insurance coverage options consist of the following:

  • A NonMed Term 350 – This product is available to clients who are between the ages of 18 and 65. With a no medical option insuring qualified applicants up to $350,000 in coverage.
  • Term 350 Plus – Is also available for individuals over the age of 74 or who are looking to purchase more than $350,000 in life insurance coverage. The only disadvantage to the Term 350 Plus is that it will require a full medical exam.

Assurity also offers a whole life insurance product, which is sold as simplified issue life insurance, fully underwritten life insurance, or single premium life insurance.

  • Simplified Issued Life Insurance Policy – Benefits are based on the insured’s medical history as determined from a health questionnaire. The exact benefits available will depend on responses.
  • Fully Underwritten Life Insurance Policies – Are policies that will require further underwriting that a simplified life insurance policy and will typically require a full medical exam.
  • Single Premiums – Has a guaranteed death benefit and just one payment. There are no recurring costs for this type of policy, but typically the upfront cost of such a policy will make it an unlikely option for most.

Lastly, Assurity Life Insurance company also offers a Universal Life Insurance policy called “Premier Universal Life”.

Premier Universal Life: offers clients a flexible payment schedule for policies of amounts up to $50,000. With these policies, clients can take out a zero-interest loan against the policy, utilizing its cash value, after they have had their policy in place for at minimum of 11 years. The base value can also be boosted by paying more into the policy.

Sample Assurity Non Med Term 350 Simplified Issue Quotes

Face Amount 10 Year 20 Year 30 Year
$100,000 $36 $56 $85
$200,000 $67 $106 $163

Sample rate quotes are based on a 50 year old male as of February 2017. Rates are for informational purposes and in no way reflect what your actual rate may be.

For more, see our Assurity Life Insurance Company Review.

Fidelity Life

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Fidelity’s Rapid Decision Express: Excellent no exam product offering approvals free from hassles due to Fidelity’s state-of-the-art technology it employs to give clients real time underwriting.

Rapid Decision Express requires you answer a few health questions. And that is about all that is required to qualify for this innovative product, assuming you pass the questions. Approval is fast, sometimes in as little as 5 minutes. Term lengths available vary by age but 10, 15, 20 and 30 year terms are offered.

For more on Fidelity Life’s RAPIDecision product line, see our Fidelity Life Review.

Foresters

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Foresters in another one of our favorite life insurance companies when it comes time to look for life insurance with no medical exam.

Rated “A”, excellent, by A.M. Best, the premier rating agency, you can sleep easy knowing that your life insurance company has a solid financial footing and will be there for your family if needed.

Foresters also has a solid product line to offer potential clients as well, including:

Advantage Plus Whole Life Insurance

For someone looking for no medical exam dividend-paying whole life insurance, Foresters has a great product here. The participating dividend paying whole life policy is available with no medical exam for face amounts up to $400,000. This is a no exam cash value whole life insurance policy that is currently available in either 20-Pay Whole Life or Paid-Up at 100.

PlanRight Whole Life Insurance

Probably one of the more popular products offered by Foresters is the company’s final expense policy, PlanRight Whole Life Insurance.

The PlanRight Whole Life Insurance policy is a permanent no medical exam policy that has guaranteed level premiums with one of the lowest rates on the market today. In fact, we believe that the PlanRight Whole life insurance option makes Foresters one of the best final expense insurance companies available.

With that being said, there are health questions and requirements that must be met, which is why the PlanRight Whole Life Insurance policy may not work for everyone.

The product comes in three flavors: Fixed, graded, and modified.

  • Fixed Death Benefit: the death benefit is 100% of the face value from the start.
  • Graded Death Benefit: there is a limited death benefit the first two years. You will receive the greater of the sum of the total premium paid accumulated with 4.5% interest or 30% of the face amount in effect for the first year and 70% in effect on the second year. After the first two years, the death benefit is 100%.
  • Modified Death Benefit: limited death benefit the first two years based on return of premium paid plus 10%. After the first two years, the death benefit is 100%.

For more, see our Foresters review.

Gerber Life Insurance

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While best known for their baby food and their Gerber grow up plan, you should consider Gerber Life insurance company when looking at a burial life insurance policy offering life insurance no health questions required.

With an A.M. Best Company rating of “A”, along with a cash value whole life insurance no medical exam policy, providing coverage up to $25,000 dollars, it’s easy to see why Gerber Life Insurance made our list.

Ultimately, when it comes time to purchase a Gerber Life insurance policy, we’ll ask ourselves these questions: can the applicant “medically” qualify for a different policy? If not, this no medical questions policy is a great option.

If another policy is available, then we see how Gerber life insurance compares with regards to price and whether the alternative option has a waiting period. If the client can’t qualify “medically” elsewhere, Gerber Life Insurance is a great company to get insured with.

Sample Gerber Guaranteed Issue No Exam Life Insurance Quotes

Face amount 10 year 20 year 30 year
$5,000 $7,500 $10,000 $15,000
$35 $53 $70 $105

Guaranteed issue life insurance quotes are based on a 66 year old male as of February 2017. Rates are for informational purposes and do not reflect a guarantee as to what your rate will be.

For more, see the Gerber Guaranteed Life Insurance Review

Mutual of Omaha (United of Omaha)

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Mutual of Omaha offers life insurance no medical exam policies for face amounts under $250,000. And for ages 45-85, United of Omaha Life Insurance Company offers a great no exam whole life insurance policy on face amounts ranging from $2,000 to $40,000. Please note that there is a background check required on these policies, which include review of the medical information bureau and prescription drug database.

For more, see our Mutual of Omaha Life Insurance Company Review.

North American Company

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LifeVue Simplified Issue: Simplified issue term life insurance policy available in 15, 20 and 30 year terms. Since LifeVue is a simplified issue policy, the company does require you answer health and lifestyle questions but it does not require that you take a medical exam, undergo a blood draw, or provide a urine sample, making it one of the fastest online life insurance policies out there.

  • $50,000 life insurance no exam up to $500,000 life insurance no exam.
  • Ages 18-50.
  • Fast Approval Times.
  • Accelerated Death Benefit.
  • Multiple Underwriting Classes:
    • Super Preferred
    • Preferred
    • Standard
    • Substandard
    • Preferred Tobacco
    • Standard Tobacco
    • Substandard Tobacco

For more, see our review of North American Company for Life and Health.

Phoenix Life

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Safe Harbor Term Life Express is unique in the no medical exam market due to its living benefits. This life insurance without medical policy for ages 18-80 features:

  • Term Length: 10, 15, 20 and 30 Year (availability based on age)
  • Face Amounts: $25,000 to $400,000 (availability based on age)
  • Accelerated Benefit Riders (where available):
    • Critical Illness
    • Chronic Illness
    • Terminal Illness
    • Unemployment waiver of premium rider
  • Conversion Option

For more, please see our Phoenix Life review.

Principal Financial Group

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The Principal Financial Group offers no medical exam term and no exam universal life insurance. Face amounts of up to $1,000,000 life insurance no exam are available for individuals and up to $2,000,000 no physical exam policies are available for Survivor Life Insurance.

The pricing on the company’s life insurance with no medical exam policy is very competitive with traditional fully underwritten “exam required” policies. The company refers to its no medical policy as accelerated underwriting which can take as little as 48 hours for approval.

To qualify, an applicant must fill out an application, which is followed by a phone interview that can be taken immediately or set for a future date to accommodate the client’s schedule. The underwriter evaluates the results from the telephone application, Motor Vehicle Report, Prescription database check and Medical Information Bureau report.

You either pass the initial interview, and therefore, no medical exam is required. The policy is then issued by the carrier and you are on your way.

Alternatively, an exam may be requested based on the results from the various reports. Roughly 50-60% of applicants who are in good health are approved without having to take an exam or submit labs.

Principal Financial offers extremely competitive life insurance rates and coverage with no medical exam. The company’s 10 and 20 year term life insurance rates are sometimes the most competitive in the market, even compared to exam policies.

Sample The Principal Financial Group Life Insurance Quotes

Face Amount 10 Year 15 Year 20 Year 30 Year
$250,000 18 23 28 47
$500,000 30 40 50 88
$1,000,000 49 73 98 166

All quotes are based on a preferred plus 45 year old male as of February 2017. Rates are subject to change and are meant for comparison purposes only.

For more, see the Principal Financial Group Reviews

Sagicor

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It’s tough to create a list of the top 10 best no medical exam life insurance companies in the United States today without at least mentioning Sagicor Life Insurance Company.

Sagicor’s strong A.M. Best Company rating of A-, along with its quick and easy underwriting process, makes it one of the favorites at TermLife2Go and for anyone wanting life insurance coverage with no medical exam and no waiting period.

Sagicor offers three rate classes:
  • preferred,
  • standard, and
  • table rated.

Many of our clients who do not want a medical exam due to time constraints or a fear of needles have been placed with Sagicor.

The face amounts on no medical exam term life insurance range from $25,000 no exam life insurance all the way up to $500,000 no exam life insurance.

The face amounts on the no medical exam universal life insurance also range from $25,000 to $500,000. Sagicor’s no medical exam term and universal life insurance rates are very competitive, often taking the top spot for simplified issue carriers.

Sagicor also excels in fast approval times. The typical application process for the simplified issue no exam term or no exam universal life insurance policy can usually be completed in less than 30 minutes, and that’s including your wait time for approval!

Further, the Company fills a valuable niche by offering competitively priced no exam term life insurance for diabetics.

Sample Sagicor No Medical Exam Life Insurance Quotes

Rate Class Preferred Standard
Age 25 18.18 22.21
Age 30 20.02 25.75
Age 35 21.86 29.30
Age 40 27.64 40.35
Age 45 38.60 57.92
Age 50 53.35 78.31
Age 55 83.67 117.24
Age 60 138.04 174.36

All sample quotes are based on a preferred male applying for 250,000 10 year term no medical exam coverage as of February 2017. Rates are for informational purposes only and are subject to change.

For more, see our Sagicor Life Insurance review.

Transamerica

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Founded in 1928, for the purpose of serving the small business and farming community, Transamerica has gone on to become one of the premier life insurance companies in the country today.

With an outstanding A+ rating from A.M. Best Company and practically zero overall consumer complaints, it’s no wonder that Transamerica continually ranks as one of the number one insurance companies for customer satisfaction.

For this reason and this reason alone, when given an option, Transamerica life insurance should always be at the top of anyone’s list when considering which insurance company to go with.

Another great reason to choose Transamerica is the company’s living benefits life insurance option. You can get life insurance coverage with no medical exam up to $249,999 with a critical illness rider, chronic illness rider, terminal illness rider and disability rider.

Finally, Transamerica also provides some of the best life insurance for seniors in the market, making it one of the top choices for older clients.

Sample Transamerica No Medical Exam Life Insurance Quotes

Face Amount 10 Year 15 Year 20 Year 25 Year 30 Year
$25,000 $11 $12 $14 $18 $21
$50,000 $20 $22 $26 $34 $40
$100,000 $26 $31 $36 $58 $63

All quotes are based on a 50 year old male at a standard rate as of February 2017. Rates are for comparison purposes and do not reflect what your rate may or may not be.

For more, see our Transamerica Life Insurance Company review.

Honorable Mention: Haven Life

Haven Life is an up-and-comer that we recommend keeping your eyes on. Haven Life is backed by Mass Mutual and as such has an A++ rating from A.M. Best.

Haven Life is the ideal insurance provider for people who know they want term life coverage and would rather avoid a lengthy approval process. Plus, Haven Life gives customers access to unique benefits such as Trust&Will and LifeSite.

If you feel confident in your research skills and know exactly what kind of coverage you need, then Haven Life might be a dream come true.

Read our full review on Haven Life insurance.


Who is no medical exam life insurance best for?

No medical (or physical) exam life insurance coverage is ideal for those looking to get life insurance quickly (in cases to cover an SBA loan, pre-existing conditions such as high-blood pressure, or for a divorce decree requirement) and avoid the tedious application process of having a medical examiner come to their home or business to perform an exam. After all, there are serious advantages of choosing no exam versus exam life insurance.

When looking for a no medical exam life insurance policy, make sure that you avoid mistakes that you may regret later.

Common Mistakes When Buying No Medical Exam Life Insurance:

  • Assuming that you only have one or two different no medical exam life insurance policy options during your application process.
  • Overpaying for very little life insurance coverage.
  • Purchasing a policy that will have gradually become more expensive as you age.
  • Buying an insurance policy that only covers accidental causes of death, and excludes natural causes of death from health issues, such as heart attack, strokes and cancer.

Types of No Medical Exam Life Insurance Coverage

When you look at all the types of life insurance coverage, it can be overwhelming. Let’s break down the comparisons between different types of no medical exam life insurance coverage, so you understand how to look at different companies and policies.

Simplified Issue

Simplified Issue life insurance is a type of no medical exam insurance that’s similar to the type of insurance you could get with a medical exam. With this type of life insurance policy, the company might ask to view your medical records or ask you more detailed questions about your medical history. For certain medical issues, you may be rejected for coverage. So this coverage is a preferable if you are in good health.

Guaranteed Issue

Guaranteed issue is a type of no medical life insurance policy that’s relatively easy for anyone to qualify for. If you have health issues or pre-existing medical conditions, then guaranteed issue life insurance may be the best option. The process is fast and easy. You won’t need to share medical records or answer tons of medical-related questions, but you will likely pay a higher premium for this kind of coverage than you would for simplified issue life insurance (depending on your unique situation and needs).

Graded Death Benefit

Graded death benefit health insurance is similar to guaranteed issue life insurance, but you will be asked some medical questions. Your premium and coverage will highly depend on your unique situation and needs.

Final Expense Insurance

Also known as burial insurance, final expense insurance is intended to cover burial/cremation and funeral costs as well as final medical costs. This life insurance coverage is intended to help loved ones with final life costs.


About TermLife2Go

TermLife2go is an agency that works with dozens of top rated companies. Our #1 priority is to find you the best company at the best price…for you! That means we tailor a policy specifically to you because no two clients are alike.

We have the knowledge and experience to help you find the lowest whole and term life insurance rates for both exam and life insurance no exam. Let us leverage our expertise for you and see if we can’t save you thousands of dollars on life insurance.

We do not favor one life insurance company over another. Instead, we find out what you need and then we recommend the lowest priced, best no medical exam life insurance company that we know of to meet your specific need. Therefore, if price matters to you, give us a chance to earn your business. We are here to serve you! Call today.

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