No-exam life insurance coverage insurance policies have historically supplied a lot decrease protection quantities than their conventional counterparts. However, many corporations have upgraded their choices in recent times and now function greater ranges of protection together with aggressive charges.
Qualification necessities differ, although, and lots of of those excessive restrict insurance policies are solely accessible to the healthiest candidates. Nevertheless, one of the best no medical examination life insurance coverage insurance policies of 2024 provide excessive protection limits, a number of rider choices, environment friendly on-line utility processes and instantaneous approvals.
Check out our listing of one of the best no-exam life insurance coverage corporations, which incorporates revolutionary corporations providing no-exam insurance policies with enticing options. We’ve additionally included a information to no-exam life insurance coverage that will help you as you consider your life insurance coverage choices — learn on to study extra.
Our Top Picks for Best No-Exam Life Insurance
- Ladder — Best for High Coverage Amounts
- State Farm — Best for Bundling Discounts
- Nationwide — Best Overall
- Ethos — Best for Low Minimum Coverage Amounts
- USAA — Best for Members of the Military
Best No-Exam Life Insurance Coverage Reviews
- Up to $8 million in time period life protection
- No medical examination and 100% on-line utility for protection of $3 million or much less
- Rates begin at $5/month
- Minimum protection is excessive at $100K
- Not accessible in New York
- No insurance policies for adults youthful than 20
HIGHLIGHTS
- Policy sorts –
- Term
- Terms accessible –
- 10, 15, 20, 25, or 30 yr phrases
- Coverage quantities –
- $100K – $8M
Why we selected it: Ladder’s time period life insurance coverage coverage is substantial, with as much as $3 million in protection with no medical examination. The firm presents protection as much as $8 million, however an examination is required.
Ladder’s no-exam time period life insurance coverage utility course of is totally digital, and solely requires answering a number of well being questions. Policies begin at $5 monthly. Of course, your premium can be totally different primarily based on components corresponding to your age, well being circumstances, quantity of protection and time period size.
Read our full assessment of Ladder Life Insurance.
See charges on Ladder’s Secure Website
- Same-day selections
- Offers a number of rider choices
- Convertible coverage
- Discount for those who bundle with auto insurance coverage
- Must meet with an insurance coverage agent to finish utility
- Some medical circumstances are uninsurable
- Coverage restrict for no-exam is $50K
HIGHLIGHTS
- Policy sorts –
- Term, entire and common
- Terms accessible –
- 10, 20 or 30 years
- Coverage quantities –
- Starts at $100,000
Why we selected it: State Farm presents a simplified coverage known as Instant Answer that does not require a medical examination. It’s a time period coverage with as much as $50,000 in protection accessible for 10 years or till age 50, whichever is longer. You can apply for those who’re between ages 16 and 45, and have the choice of changing to a everlasting life insurance coverage coverage earlier than Instant Answer’s time period is up.
State Farm has excessive buyer satisfaction rankings and is financially sound, with the very best potential score of A++ superior from AM Best.
Read our full assessment of State Farm Life Insurance.
See charges on State Farm’s Secure Website
- For the healthiest certified candidates, no medical examination is required for as much as $5 million in protection
- Multiple coverage choices, together with Term, Universal, Whole, Variable, Long-Term Care (standalone coverage)
- Both listed and variable common life insurance coverage insurance policies accessible
- Across insurance policies, protection from $100K to $5 million
- Not accessible in New York
- Only the Life Essentials time period coverage could also be bought on-line; in any other case, an agent is required for buy
HIGHLIGHTS
- Policy sorts –
- Term, common, entire, variable, long-term care
- Terms accessible –
- 10, 15, 20 or 30 years
- Coverage quantities –
- $10K to $5 million
Why we selected it: We selected Nationwide as greatest general due to the number of inexpensive insurance policies with protection limits from $100K to $5 million.
Nationwide presents a number of life insurance coverage insurance policies: time period, entire life, entire life assured problem, and common. Not all candidates would require a medical examination as the corporate employs an clever underwriting course of that pre screens people. This course of pulls digital well being data and permits the healthiest candidates to bypass the examination.
However, like with all insurers, the corporate’s greatest charges are reserved for nonsmokers in wonderful well being.
AM Best charges Nationwide as A+ superior monetary standing. The firm additionally ranked 2nd in JD Power’s 2023 Individual Life Insurance Study.
Read our full assessment of Nationwide Life Insurance.
See charges on Nationwide’s Secure Website
- Coverage from $20K to $2 million
- Policy features a free will and property planning instruments
- Ethos claims 95% of candidates are permitted
- People aged 66-85 robotically qualify for assured problem life insurance coverage
- Sells solely time period and assured problem insurance policies
- Doesn’t provide riders
- Not accessible in New York
HIGHLIGHTS
- Policy sorts –
- Term and entire
- Terms accessible –
- 10, 15, 20 and 30 years
- Coverage quantities –
- $20K to $2 million
Why we selected it: At $20,000, Ethos has one of many lowest minimal protection quantities as in comparison with different corporations we evaluated.
No-exam time period life insurance coverage protection from Ethos for individuals aged 20 to 65 begins at $20,000 and goes as much as $2 million. Term lengths are 10, 15, 20 and 30 years, and functions will be accomplished fully on-line in about 10 minutes.
Except in circumstances of significant medical circumstances, Ethos doesn’t require medical exams. For most, protection begins as quickly as you make your first premium cost.
Ethos is an insurance coverage company, not a life insurance coverage firm, and so it presents insurance policies by means of numerous insurance coverage suppliers. The carriers Ethos works with embody Legal & General America, TruStage, Ameritas Life Insurance Corp. and Mutual of Omaha. All of those insurance coverage carriers have excessive rankings with AM Best, Moody’s and S&P.
Read our full assessment of Ethos Life Insurance.
See charges on Ethos’ Secure Website
- Online quote and utility
- Available to army and non-military candidates
- Same-day resolution
- Affordable premiums
- No riders
- Not accessible in New York or Arizona
- Rates improve every year
- Limited age eligibility and protection
HIGHLIGHTS
- Policy sorts –
- Term and everlasting
- Terms accessible –
- 10 – 30 years
- Coverage quantities –
- $100,000 to $10 million
Why we selected it: USAA’s no-exam life insurance coverage coverage is designed for younger, working adults and army members, however isn’t restricted to energetic obligation members.
USAA’s Essential Term life insurance coverage coverage presents $100,000 in protection and is on the market for adults aged 21 to 35 who’re in good well being. The time period lasts out of your buy date till age 39. At $15 a month, it’s an inexpensive plan, however your premiums aren’t locked in, which suggests they’ll improve by $1-$2 yearly.
While USAA primarily presents plans for army members, this coverage isn’t restricted to active-duty personnel. Anyone inside the age vary, together with civilians, can apply for this protection. If you want a coverage with army safety options, it’s possible you’ll need to think about USAA’s stage time period life coverage, which has a extreme harm good thing about as much as $25,000.
AM Best charges USAA as A++, or superior monetary energy.
Read our full assessment of USAA Life Insurance.
See charges on USAA’s Secure Website
Other no-exam life insurance coverage corporations we thought-about
The life insurance coverage market is aggressive, and there are various choices accessible. We discovered a number of different corporations that stood out as prime contenders.
AIG Direct
- Coverage as much as $10 million
- Flexible time period lengths
- Wide number of life insurance coverage sorts and potentialities for personalisation
- No-exam solely accessible with assured problem entire life
- Higher than common buyer complaints
Why AIG Direct didn’t make the reduce: Though AIG presents a wider than common array of life insurance coverage merchandise, the one no-exam coverage the corporate has is assured problem entire life.
Guaranteed problem entire life is often a coverage that helps members of the family and family members coping with closing bills. As a consequence, protection is proscribed to $5,000 – $20,000. As lengthy as you might be aged 50-80, you can’t be turned down for any well being motive.
See charges on AIG Direct´s Secure Website
Fabric by Gerber Life
- Coverage from $100,000 to $5 million
- Term lengths in 5-year increments from 10 to 30 years
- Minimum protection quantity is excessive in comparison with many corporations we evaluated
- No-exam solely accessible for as much as $1.5 million in protection, relying on eligibility
- Finances and well being standing might set off a medical examination
Why Fabric by Gerber Life didn’t make the reduce: In addition to your well being, the corporate considers your funds to dece whether or not a medical examination is important. This issue isn’t thought-about by corporations in our prime picks.
Fabric by Gerber Life sells a number of forms of life insurance coverage insurance policies, together with time period life insurance coverage with no medical examination required for protection as much as $1.5 million. The firm additionally presents a completely digital utility course of by way of its web site or cellular app. However, your monetary scenario (along with well being components) might set off a medical examination.
See charges on Fabric by Gerber Life’s Secure Website
Transamerica
- Living advantages
- Multiple riders
- Coverage to age 100
- Limited protection, solely to $100,000
- Not accessible in New York
- Must be bought by means of an agent
Why Transamerica didn’t make the reduce: Transamerica doesn’t provide a completely digital utility course of, and its protection most is decrease than another corporations we evaluated.
Transamerica’s coverage is a complete life insurance coverage plan with protection till age 100. The demise profit caps at $100,000 in protection, however you possibly can entry a number of riders and three totally different most popular charges for wholesome adults.
See charges on Transamerica’s Secure Website
Life insurance coverage information
In this part we’ll clarify all the pieces you have to learn about no-exam life insurance coverage. We’ll discover what the product is, the way it works, the best way to get it, and the advantages of the sort of coverage. We’ll additionally check out the several types of no-exam life insurance coverage, because the product is on the market in time period, everlasting and different choices relying on the issuer.
What is no-exam life insurance coverage?
No-exam life insurance coverage is a life insurance coverage coverage that doesn’t require you to bear a medical examination. Traditional life insurance coverage insurance policies are topic to medical underwriting, which generally entails a medical examination, blood work, blood strain examine, urinalysis and different well being assessments.
Life insurance coverage issuers require these exams to guard themselves from insuring somebody who might have a critical pre-existing medical situation. A no-exam coverage incurs extra threat on the insurers half, so no-exam protection choices differ extensively by issuer. Some corporations solely provide closing bills protection with no medical examination, whereas others make use of third-party medical information to supply a lot greater protection limits to the healthiest people.
How does no-exam life insurance coverage work?
No-exam life insurance coverage approval and protection is often faster, as you don’t must undergo any well being assessments or medical exams to qualify. Instead, you’ll must reply a collection of questions on your well being. Insurers can even make use of third-party information relating to your medical and prescription histories when making their resolution whether or not or to not insure you.
You have to be utterly trustworthy in your responses to your well being questionnaire. in case your insurer finds any discrepancies — for instance, you falsely declare that you simply don’t use tobacco merchandise if you truly do — your coverage could possibly be voided.
Oftentimes, the insurance policies will be bought utterly on-line and with out chatting with an agent. No-exam life insurance coverage can go into impact instantly, not like conventional life insurance coverage which might take three to 6 weeks whereas the insurance coverage firm critiques your data earlier than underwriting.
Types of no medical examination life insurance coverage
No-exam approval can technically be supplied for any sort of life insurance coverage coverage. It all is determined by the corporate. Below you’ll discover descriptions for various sorts of life insurance coverage and the way no-exam capabilities inside these life insurance coverage insurance policies.
Term no-exam life insurance coverage
Term life insurance coverage is a coverage sort that lasts for a set variety of years, often 10, 15 or 20 years, or till you attain a sure age. Your beneficiaries obtain the demise profit payout for those who die earlier than the time period ends.
Once your time period ends, your coverage and profit protection expires. You may have the choice to transform your time period coverage to a higher-cost everlasting coverage at the moment.
Term insurance policies don’t have any money worth you possibly can borrow towards, and also you gained’t obtain any money again for those who cancel the coverage. However, they’re the most typical sort of insurance coverage coverage that doesn’t require a medical examination.
No-exam entire life insurance coverage
Whole life insurance coverage protection lasts for all times. This sort of everlasting life insurance coverage often contains the choice so as to add riders or supplemental protection corresponding to an accelerated demise profit (entry to the demise profit for those who’re recognized with a terminal sickness) or kids’s time period insurance coverage.
Additionally, relying on the kind of coverage, your coverage might accrue money worth. As you pay your premiums, this cash earns curiosity and should pay dividends. Depending on the insurance coverage firm, you possibly can borrow towards this quantity within the type of a mortgage. You can even use that money worth to pay your premiums.
No-exam choices inside entire life insurance coverage insurance policies can be found, however usually the demise profit is decrease than for those who do bear a medical examination.
Simplified problem
Simplified problem life insurance coverage, like accelerated underwriting, doesn’t require a medical examination. You present details about your well being by way of a questionnaire, sometimes by means of the insurance coverage firm or company’s web site or cellular app. However, approval shouldn’t be assured with simplified problem insurance policies. As with another no-exam choice, sure medical circumstances and even high-risk hobbies (e.g. skydiving) might result in your utility being denied.
Guaranteed problem
Guaranteed problem life insurance coverage is a sort of entire life insurance coverage whereby your approval is assured — with no medical examination required. This choice is good for seniors, individuals with critical medical circumstances and anybody who’s been denied life insurance coverage protection previously.
Guaranteed problem insurance policies are dearer, and often function a graded demise profit. This signifies that for those who die earlier than the ready interval (usually two or three years), your beneficiaries won’t obtain the complete demise profit. Coverage maximums may be decrease for the sort of coverage.
Accelerated underwriting
Accelerated underwriting life insurance coverage is much like a no-exam coverage: it presents a sooner and extra environment friendly utility and approval course of. Unless there’s an underlying medical problem, you gained’t must take a medical examination. Instead, you reply a well being questionnaire on-line, and the insurer examines your medical data.
Approvals by way of conventional underwriting can take weeks, however with accelerated underwriting, it’s possible you’ll be permitted inside days — and even sooner. However, accelerated underwriting life insurance coverage tends to be costlier. Additionally, the age restrict for eligibility is often capped round 60 or 65 years outdated.
- No well being examination or blood assessments required
- Quick utility and approval in comparison with conventional underwriting
- Application more likely to be on-line
- Low protection limits
- Only the healthiest people might qualify for substantial protection
- Higher premiums than conventional protection
- Age restrictions
How to match no-exam life insurance coverage insurance policies
Comparing no-exam life insurance coverage choices is way the identical as evaluating conventional life insurance coverage choices. Customers ought to consider month-to-month premium prices, time period lengths, accessible riders and the issuers popularity and monetary energy, amongst different issues.
However, no-exam insurance policies additionally current their very own particular options which are totally different from conventional life insurance coverage, which we’ll think about right here.
Coverage limits – Depending on the insurer, no-exam insurance policies can have considerably decrease protection limits than insurance policies that require a medical examine. Many corporations solely have the no-exam choice to cowl closing bills. Additionally, corporations that do provide important protection might solely accomplish that for the healthiest candidates.
In these conditions, approval won’t solely be contingent on answering medical questions, but additionally on an evaluation of the applicant’s medical and prescription histories. In evaluating corporations, be sure you perceive how a lot protection they’re ready to increase to you with no medical examination. Also, remember they’ll seemingly be diving into your medical historical past to find out whether or not or not they’ll cowl you.
Costs – No-exam life insurance coverage insurance policies can have greater premiums than conventional life insurance coverage. In all actuality, you possibly can get a greater deal going the standard route if you’re pretty wholesome.
Although the bottom charges can be reserved for these in optimum well being, make sure to get life insurance coverage quotes from a number of issuers as all of them have totally different requirements when it comes to who they’ll settle for and what they’ll cost with no medical examination.
Term lengths – No-exam time period lengths could possibly be restricted by your age. For instance, if you’re over 40, the utmost time period you possibly can anticipate could possibly be 20 years. Compare the time period lengths totally different issuers are ready to give you. Additionally, discover out if you may be given the choice to increase the time period or convert to a everlasting coverage on the time period’s finish.
Financial energy – Research the monetary stability and popularity of the insurance coverage firm providing the coverage. Look for rankings from unbiased businesses like AM Best, Standard & Poor’s, or Moody’s to evaluate the insurer’s capability to pay claims.
Alternatives to no medical examination life insurance coverage
Although corporations are starting to supply no-exam insurance policies with excessive protection limits, as talked about earlier than, these are often reserved for these candidates who pre qualify due to their age and optimum bodily situation. Those who might not fall into this class and require greater protection limits might select to go the standard route and go for a completely underwritten coverage.
The prospect of taking a medical examination might provoke anxiousness, however there’s a chance it’s possible you’ll be supplied a greater premium and better protection limits with one, to not point out extra coverage flexibility in relation to riders and designating beneficiaries.
Best No Exam Life Insurance FAQ
How a lot life insurance coverage are you able to get with no medical examination?
You can get insurance policies within the thousands and thousands of {dollars} with no medical examination, nevertheless, these presents are often reserved for the healthiest of candidates with unblemished medical data. For most individuals, no-exam insurance policies are going to have decrease protection limits than conventional life insurance coverage insurance policies as a result of they’re riskier for the insurer. They additionally price extra.
How lengthy is the ready interval for no-exam life insurance coverage?
Since you don’t must undergo any well being assessments or medical exams to qualify, no-exam insurance policies will be permitted and go into impact comparatively shortly. Some insurance policies will be energetic instantly or inside 24 hours, nevertheless it is determined by the insurer.
Can you get a complete life insurance coverage coverage with no medical examination?
Yes, it is potential to get a complete life insurance coverage coverage with no medical examination. One instance is assured problem entire life insurance coverage, which generally offers sufficient to cowl closing bills.
Is a no-exam life insurance coverage coverage price it?
A no-exam life insurance coverage coverage could also be price it — regardless of the opportunity of paying the next premium than a completely underwritten coverage — if you wish to keep away from the effort of a medical examination. A Guaranteed Issue coverage with no medical examination, which is usually costlier than other forms of life insurance coverage insurance policies, may be price it for those who’ve been denied protection previously.
How we selected one of the best no-exam life insurance coverage
We adopted complete tips in our seek for one of the best life insurance coverage with no examination. We prioritized corporations with the very best monetary energy rankings and one of the best protection choices and charges. Read on to study extra in regards to the methodology behind our selections for one of the best life insurance coverage corporations with no examination required.
Rates and value
Life insurance coverage charges are primarily based on the applicant’s well being, age, coverage sort and protection quantity. We prioritized corporations which have price mills on their web sites and used these instruments to match quotes. We gave extra factors to corporations that have been clear about coverage particulars and premium will increase.
Customer service and popularity
We checked out public suggestions from third-party assessment websites and data accessible by way of the Better Business Bureau. If policyholder assessment rankings have been poor, we additionally thought-about the variety of critiques in relation to the rankings. Finally, we thought-about every firm’s AM Best monetary energy score and eradicated corporations rated B and beneath.
Coverage limits and quantities
No-exam insurance policies usually provide decrease protection quantities due to the upper threat for the insurance coverage firm. We centered on corporations providing over $100,000 in protection in addition to riders or another add-on choices.
Discounts
Obtaining good protection at an inexpensive value is essential for patrons. With that in thoughts, we included corporations providing most popular charges primarily based on age and good well being in addition to reductions for bundling life insurance coverage with different insurance coverage merchandise.
Summary of Money’s 5 Best No-Exam Life Insurance of 2024
- Ladder — Best for High Coverage Amounts
- State Farm — Best for Bundling Discounts
- Nationwide — Best Overall
- Ethos — Best for Low Minimum Coverage Amounts
- USAA — Best for Members of the Military
