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If you're among the many Americans who avoid getting life insurance due to fears of being rejected for coverage, not wanting to participate in a physical medical exam or worries over cost, there's good news: affordable no medical exam life insurance is available.

With no medical exam required, obtaining life insurance is easy and doesn't involve an invasion of your health privacy or personal history. MoneyGeek has reviewed and collected dozens of real quotes, coverages, and policy offerings to bring you the top seven no-medical exam life insurance companies for every demographic. Don't let fear or uncertainty hold you back from protecting your loved ones - explore your options for no medical exam life insurance below.

No Medical Exam Life Insurance Policies: What To Look For

If you're considering a no medical exam life insurance policy, there are several factors to keep in mind when choosing the right coverage. First and foremost, consider the type of policy you want to purchase. Term life insurance policies are generally more affordable than permanent life insurance policies, as they only provide coverage for a specific period of time and have a lower risk for the insurer. However, if you want a policy that lasts a lifetime and builds cash value, a permanent life insurance policy may better fit your needs.

Another important factor to consider is the amount of coverage you need. The more coverage you require, the higher your premiums will be. However, it's important to ensure that you have enough coverage to protect your loved ones in the event of your death. Consider your current financial obligations, such as mortgage payments or outstanding debt, and factor in any future expenses, such as college tuition for your children.

When shopping for a no medical exam life insurance policy, be prepared to answer questions about your age, gender, and lifestyle habits, such as whether you smoke. These factors can impact the cost of your policy and the coverage amount you qualify for. Additionally, be aware that coverage amounts for no medical exam life insurance policies may be lower than for policies that require a medical exam.

Ultimately, the right no medical exam life insurance policy for you will depend on your individual needs and circumstances. Consider the type of policy, coverage amount, and any lifestyle factors that may impact your premiums when making your decision.

Best Online Company for No Medical Exam: Haven Life

Haven

pros

100% digital process

Many approved instantly

Accelerated death benefit included

Credit cards accepted

cons

Not available to CA, DE, ND, NY or SD residents

No 30-year option

Only available up to age 55

COMPANY HIGHLIGHTS

MoneyGeek Score: N/A
J.D. Power (out of 1,000): N/A
AM Best Rating: A++
NAIC Complaint Index: N/A

MoneyGeek's Take: Haven Life offers an entirely digital experience, so you can buy term life insurance with no medical exam from anywhere, with instant coverage if approved.

Buying term life insurance with Haven Life is simple and quick. You can apply in less than 10 minutes for Haven Simple, thanks to the 100% online application process. Most applicants will get approved instantly. As soon as you are approved, coverage starts immediately, so you can have the peace of mind that your beneficiary will be paid if anything happens to you.

You can choose from 5-, 10-, 15- or 20-year term coverage starting at $25,000 and going up to $500,000, which is one of the higher coverage ranges for simplified issue term life insurance. Anyone between the ages of 20 and 55 can apply, and the policy is underwritten by a subsidiary of MassMutual called C.M. Life Insurance Company.

The no medical exam term life insurance policy has an accelerated death benefit rider at no extra cost. With this rider, if you are diagnosed with a terminal illness and have less than two years to live, you can receive a portion of the death benefit while still alive. You can use this money for any reason, but it reduces your death benefit owed to your beneficiary when you pass away. When the policy term expires, you can choose to renew it at your current age without a medical exam.

Policy Types Offered:

  • Haven Simple

Runner-Up: Ethos Life

Ethos LIfe

pros

Up to $2 million in term coverage

100% digital process

Eligible up to age 65

cons

Health questions required

COMPANY HIGHLIGHTS

MoneyGeek Score: N/A
J.D. Power (out of 1,000): N/A
AM Best Rating: A
NAIC Complaint Index: N/A

MoneyGeek's Take: While Ethos Life wasn't scored with the same rating components as other companies, the insurer offers up to $2 million of term life insurance coverage without a medical exam, one of the highest coverage amounts for term life available.

With Ethos Life, applicants between 20 and 65 can apply for up to $2 million in term life insurance. You can choose from 10, 15, 20 and 30 years of term life insurance coverage. While no medical exam is required, you have to answer a few health questions to qualify. If you answer “no” to the health questions, you are approved, and coverage starts immediately. These simplified issue term life insurance policies are underwritten by one of three top life insurance companies: Ameritas, Legal & General America and TruStage.

Ethos Life offers a 30-day free look period, which allows you to cancel the policy for any reason within the first 30 days. If you do, there is no cancellation fee, and any money paid will be refunded in full. You don’t have to speak with an agent, but if you want to, Ethos has dedicated, salaried agents who don’t work on commission, so you can get the help you need. Ethos also offers one of the best no medical exam life insurance policies for seniors through AAA Life, with no medical exam or health questions and up to $30,000 in permanent life insurance coverage.

Policy Types Offered:

  • 10-year term
  • 15-year term
  • 20-year term
  • 30-year term

Best for Guaranteed Acceptance With No Medical Exam: Mutual of Omaha

Mutual of Omaha

pros

Coverage is guaranteed

Smokers pay the same rate as nonsmokers

Can apply as young as 45

cons

Only up to $25,000 in coverage

Graded death benefit

COMPANY HIGHLIGHTS

MoneyGeek Score: 90.8
J.D. Power (out of 1,000): 783.4
AM Best Rating: A+
NAIC Complaint Index: 1.20

MoneyGeek’s Take: Mutual of Omaha offers guaranteed acceptance no medical exam coverage for seniors that you can buy online or over the phone.

Mutual of Omaha is one of the most recognized names in the life insurance industry. It offers a guaranteed issue whole life insurance policy for applicants between the ages of 45 and 85 (50–75 in NY). Coverage ranges from $2,000–$25,000 (begins at $5,000 in WA), and there are no health questions or medical exams to complete.

This policy comes with a graded death benefit, which means your beneficiary will only receive 110% of the premiums instead of the death benefit if you die during the first two years. However, accidental deaths are covered immediately by a full death benefit paid to your beneficiary. Mutual of Omaha prides itself on fast claims payouts, with most paid within a day of filing.

You can also buy simplified whole life insurance for your child from Mutual of Omaha. Children as young as 14 days are eligible for up to $50,000 in coverage. There is no medical exam, but you have to answer three health questions about the child. If you answer “no,” then the policy is approved. The children’s whole life insurance policy has an immediate death benefit regardless of cause, and is a great way to get affordable, permanent life insurance with the option to purchase more at a later time without a medical exam or health questions.

Policy Types Offered:

  • Children's Whole Life Insurance
  • Guaranteed Whole Life Insurance

Best for Payout in Waiting Period: AAA

AAA

pros

Immediate death benefit on term and simplified issue whole life

Up to $500,000 in term life coverage

Can apply up to age 75 for term

cons

Additional health screening may be required before approval

Senior whole life has graded death benefit

COMPANY HIGHLIGHTS

MoneyGeek Score: N/A
J.D. Power (out of 1,000): N/A
AM Best Rating: A
NAIC Complaint Index: 0.93

MoneyGeek's Take: AAA Life offers an immediate death benefit on its term and whole life products, regardless of the cause of death, which makes it a top pick, despite non-applicable scores in some areas.

At AAA Life, you can apply for term or whole life insurance without a medical exam or waiting period if you’re between the ages of 18 and 75. You can choose from 10, 15, 20 or 30 years of coverage, with death benefits between $25,000 and $500,000. The application process is quick and doesn’t require a medical exam for most, though some may be required to do a health screening to be approved. Once you’ve paid, the policy death benefit becomes immediately available, regardless of the cause of death.

If you want permanent life insurance, AAA Life offers up to $25,000 in whole life insurance without a medical exam. This policy can be customized with accidental death coverage (which doubles the death benefit if you die in an accident), waiver of premium for disability, travel accident coverage and a $5,000 children's term rider. Seniors can get up to $25,000 in guaranteed whole life insurance starting at 45, up to age 85. However, this policy comes with a graded death benefit, which pays 130% of the premiums paid as the death benefit if you die a non-accidental death in the first two years.

Policy Types Offered:

  • ExpressTerm
  • Simple Whole Life
  • Guaranteed Issue Whole Life

Best for Shortest Waiting Period: Transamerica

Transamerica

pros

No death benefit waiting period for most applicants

Number of riders offered, some free

Can apply for term life coverage up to age 80

cons

Can't apply online

Easy Solution final expense policy comes with graded death benefit

COMPANY HIGHLIGHTS

MoneyGeek Score: 80
J.D. Power (out of 1,000): 736.4
AM Best Rating: A
NAIC Complaint Index: 1.30

MoneyGeek's Take: If you want no medical exam life insurance without a waiting period on the death benefit, Transamerica has term and whole life options available.

Most of Transamerica’s no medical exam life insurance products come without a waiting period or graded death benefit. That means if you die a day after your policy has been issued and paid for, your beneficiary receives the full death benefit, even for non-accidental deaths. Transamerica has three final expense whole life insurance options: Immediate Solution, 10-Pay Solution and Easy Solution. The Easy Solution policy is the only one with a graded death benefit, which pays 110% of premiums paid as the death benefit for non-accidental deaths. You can apply for up to $50,000 in permanent life insurance with no medical exam at any age.

If you prefer term life insurance, you can apply for up to $249,999 of Trendsetter LB and up to $99,999 of Trendsetter Super Series products without a medical exam. If you need more coverage, Trendsetter LB has coverage up to $2 million, and Super Series goes up to $10 million, which is medically underwritten. Each policy includes an accelerated death benefit for terminal illnesses, and the Living Benefit (LB) product also includes chronic and critical illness coverage at no extra cost.

Policy Types Offered:

  • Final Expense Solution Portfolio
  • Trendsetter LB
  • Trendsetter Super Series

Best for Living Benefits: AIG

AIG

pros

Seniors ages 50–80 guaranteed acceptance

Free living benefits

Death benefit can be used for any need

cons

Only available to seniors 50–80

Low coverage limit

Graded death benefit

COMPANY HIGHLIGHTS

MoneyGeek Score: 77.2
J.D. Power (out of 1,000): 737.2
AM Best Rating: A
NAIC Complaint Index: N/A

MoneyGeek's Take: AIG's guaranteed issue whole life policy is one of the best no medical exam life insurance policies for seniors offering living benefits at no extra cost.

Many seniors end up with a chronic or terminal illness in their last years of life. AIG recognizes this need by offering whole life insurance for those aged 50–80 with guaranteed acceptance. You can buy up to $25,000 in whole life insurance with no medical exam or health questions, locking in the same rate for life. AIG’s policy includes two valuable living benefit riders for chronic and terminal illness, allowing you to access part of the death benefit while still alive, which can be used for any purpose — not just paying for medical bills.

The chronic illness benefit will return all premiums paid if you are diagnosed with severe cognitive impairment or cannot perform at least two activities of daily living (ADLs), like bathing, continence, dressing, eating, toileting, and transferring. If you are diagnosed with a terminal illness with less than two years to live, you can access up to 50% of the death benefit. Any acceleration in the death benefit is reduced, with the rest going to your beneficiary when you pass away. This policy comes with a graded death benefit, which means if you die from a non-accidental cause in the first two years, your beneficiary will receive up to 120% of premiums paid instead of the death benefit.

Policy Types Offered:

  • Guaranteed Issue Whole Life Insurance

Best for Veterans: Prudential

Prudential

pros

Coverage available to recently discharged and soon-to-be-separated servicemembers

Up to $400,000 in group rate coverage

No exclusions, including post-traumatic stress disorder (PTSD) and traumatic brain injury (TBI)

cons

Rates renew every five years

Eligibility expires 485 days from service separation

COMPANY HIGHLIGHTS

MoneyGeek Score: 82.8
J.D. Power (out of 1,000): 756
AM Best Rating: A+
NAIC Complaint Index: 0.15

MoneyGeek's Take: Prudential's Veterans' Group Life Insurance (VGLI) policy is the best option for veterans because it offers group term life insurance with no medical exam without exclusions, even for mental health issues.

The Department of Veterans Affairs (VA) offers group term no medical exam life insurance for veterans, administered by Prudential. Veterans are eligible if they had Servicemembers' Group Life Insurance (SGLI), have been released from duty in the last 485 days, Ready Reserves or National Guard duty. Those assigned to Individual Ready Reserves or Inactive National Guard who apply within 485 days are also eligible.

No medical questions or exams are required, and no health issues are excluded, including PTSD and traumatic brain injury (TBI). Veterans can apply for up to $400,000 in coverage, but it cannot exceed the amount of SGLI coverage in place when the separation occurred.

This policy is term life insurance, and rates are based on age and coverage amount at issue. Rates renew every five years, and coverage can be continued for life as long as payments remain current. Veterans with a service-related disability may also qualify for up to $10,000 of lower-cost life insurance. Those interested in this coverage can apply through the VA’s website or their local VA office.

Policy Types Offered:

  • Veterans' Group Life Insurance
  • Service-Disabled Veterans' Life Insurance

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What Is No Medical Exam Life Insurance?

No-exam life insurance, also known as guaranteed issue life insurance, is a type of life insurance policy that does not require a medical exam as a prerequisite for coverage. Instead, this type of policy is typically issued based on answers to a health questionnaire or basic medical information such as height, weight, and age. The policy premiums are typically higher than those for fully underwritten life insurance policies, and the death benefits are generally lower.

Types of No-Exam Life Insurance:

  1. Simplified Issue Life Insurance: This type of no-exam life insurance policy requires a medical questionnaire, but no medical exam. The insurance company evaluates your risk based on your answers to the questionnaire and may request medical records.

  2. Guaranteed Issue Life Insurance: This type of no-exam life insurance policy requires no medical questionnaire and is available to almost anyone regardless of their health status. This policy is often used by those who have been previously declined coverage due to medical conditions.

Pros of No-Exam Life Insurance

  • Convenience: One of the main benefits of no-exam life insurance is that it is very convenient. You can apply online or over the phone, and the policy can be issued quickly, often within a few days.

  • Easy Approval: Since no-exam life insurance policies do not require a medical exam, it is easier to get approved for coverage, even if you have a pre-existing medical condition.

  • Coverage Options: No-exam life insurance policies offer a range of coverage options to meet your specific needs and budget.

Cons of No Medical Exam Life Insurance

  • Higher Premiums: No-exam life insurance policies are generally more expensive than fully underwritten policies because the insurance company is taking on more risk by not having a complete understanding of your health.

  • Lower Death Benefits: No-exam life insurance policies generally have lower death benefits compared to fully underwritten policies.

  • Limited Coverage: Guaranteed issue policies often have limitations on the amount of coverage available, and may not offer the same level of coverage as a fully underwritten policy.

How Much Do No Exam Life Insurance Policies Cost?

The following table displays the average monthly costs for no-exam life insurance policies for healthy adults in various age groups. The prices are based on different policy types, and the range in parentheses shows the lowest and highest quotes obtained from various companies. By comparing quotes from different insurers, you can determine the best rates for no-exam life insurance policies.

No Medical Exam Life Insurance Policy Quotes
Policyholder Age
No Medical Exam Policy Types
Avg (Range) Cost per Month

40

Term Life: $250k / 10 Year

$16 ($12-$22)

50

Term Life: $250k / 10 Year

$35 ($25-$60)

40

Term Life: $500k / 20 Year

$38 ($30-$45)

50

Term Life: $500k / 20 Year

$91 ($75-$106)

50

Guaranteed Acceptance: $25k

$106 ($81-$128)

60

Guaranteed Acceptance: $25k

$145 ($120-$173)

50

Guaranteed Acceptance: $10k

$50 ($36-$60)

60

Guaranteed Acceptance: $10k

$58 ($48-$70)

The quotes above were gathered using profiles of healthy, nonsmoking males and females. Averages were calculated using quotes from at least five companies.

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Is No Medical Exam Life Insurance Right For You?

Life insurance policies that don't require a medical exam are becoming increasingly popular for several reasons. Firstly, these policies offer a quick and easy application process, which can be very appealing for those who don't have the time or inclination to go through a lengthy medical exam. With no medical exam required, the application process is streamlined, making it faster and more straightforward.

Secondly, no-medical-exam life insurance policies can be an attractive option for individuals who have health issues that may make it challenging to qualify for traditional life insurance policies. By eliminating the medical exam, those with pre-existing medical conditions or a history of health problems may be more likely to get approved for life insurance coverage.

Lastly, no-medical-exam life insurance policies can be an excellent choice for individuals who need coverage quickly. These policies often offer immediate coverage, allowing beneficiaries to receive a death benefit soon after the policyholder passes away. For example, suppose someone needs to secure life insurance to cover a specific financial obligation, such as a business loan or a mortgage. A no-medical exam policy may be the best option in that case.

However, it's essential to remember that no-medical-exam life insurance policies are generally more expensive and offer lower coverage amounts than policies requiring a medical exam. It's necessary to consider your needs and budget carefully before deciding which policy best fits you. Consulting with a financial advisor or insurance agent can help you make an informed decision about your life insurance coverage.

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MONEYGEEK EXPERT TIP

You will be eligible for a no medical exam policy even if you previously were diagnosed with COVID-19. However, if you are experiencing long-term effects of the virus, this will be treated as a pre-existing condition and could impact your premium. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

FAQs About No Medical Exam Life Insurance Policies

It isn’t always easy to understand the differences between traditional life insurance policies and those that do not require a medical exam. By understanding the answers to some common questions about this type of policy, you can determine if a life insurance policy with no medical exam is right for you.

Expert Advice About No Medical Exam Life Insurance Policies

  1. What advice would you give someone considering a no-exam policy versus a traditional fully underwritten life insurance policy?
  2. How does a no-exam policy compare to traditional fully underwritten life insurance policies in terms of cost, coverage and application process?
Johnson Rhett, ChFC®
Johnson Rhett, ChFC®

Financial Advisor at Branning Wealth Management, LLC

Todd Wolfe, ChFC, CLTC
Todd Wolfe, ChFC, CLTC

Senior Insurance Associate at Telemus

Andrew Rosen CFP®, CEP®
Andrew Rosen CFP®, CEP®

President of Diversified LLC

About Mandy Sleight, Licensed Insurance Agent


Mandy Sleight, Licensed Insurance Agent headshot

Mandy Sleight is a licensed insurance agent and has worked in the industry since 2005. She has her property, casualty, life and health licenses. Mandy has worked for well-known insurance companies like State Farm and Nationwide Insurance, and most recently as the Operations Coordinator for a startup employee benefits company.

Mandy earned her Bachelor of Science degree in Business Administration and Management from the University of Baltimore and her Master of Business Administration from Southern New Hampshire University. She uses her vast knowledge of the insurance industry and personal finance combined with her writing background to create easy-to-understand and engaging content to help readers make smarter choices with their budgets and finances.