Comparing instant life insurance quotes online, including guaranteed issue life insurance and term life insurance options, from various insurance companies can save you time and stress by helping you find the right insurance company for your needs. Imagine bypassing the hassle of a medical exam while securing competitive rates from top insurers.
Sound appealing? An insurance company that offers instant life insurance without a medical exam can make it even more convenient.
Read on to learn how to find the best no-exam life insurance policies that meet your needs quickly and efficiently.
Easy Article Navigation
- How Does No Medical Exam Life Insurance Work?
- Types of No Medical Exam Life Insurance Policies
- Pros and Cons of No Medical Exam Life Insurance
- Who is a Good Candidate for No Exam Life Insurance?
- How Much Life Insurance Can You Get Without a Medical Exam?
- How Much Does No Medical Exam Life Insurance Cost?
- Applying for No Medical Exam Term Life Insurance
- No Exam Life Insurance Restrictions
- Frequently Asked Questions
What Is No Exam Life Insurance?
If you need life insurance coverage quickly, No Exam life insurance is one of the quickest ways to get coverage without a medical exam.
These policies are often easy to obtain, are approved much quicker than regular term policies, with instant life insurance options sometimes offering immediate coverage, and, in most cases, no longer have higher premiums than traditional policies.
In the past, no exam coverage insurance was usually more expensive, and coverage was typically capped at $250,000. In today’s market, no medical exam life insurance policies are sometimes priced competitively with fully underwritten policies, and coverage is available up to $3,000,000 with some insurance companies.
Continue reading to learn more about this type of coverage. If you decide it’s for you, you can quickly compare no-exam policies using our quote engine above and select a policy that is right for your circumstances and budget.
How Does No Medical Exam Life Insurance Work?
Many companies offer life insurance without an exam requirement for individuals who need coverage quickly and are opposed to having a stranger come to their home or workplace to perform a life insurance exam.
Because this step in the underwriting process is eliminated, the insurer will use other methods to gather your medical information so that they can determine your medical risk to the company.
These underwriting methods generally include some or all of the following:
- MIB Report – Your MIB (Medical Information Report) will be ordered electronically and will include any medical information that other companies may have collected about your health history.
- RX Report – An essential component in the application process for those not opting for instant life insurance. – An RX (prescription drug) report will also be ordered from a national database that contains your prescription drug use history from health insurers, pharmacies, and other medical service providers.
- Life Insurance Application – A step where many seek the best instant life insurance companies for a simplified and quick process.—The application contains specific questions about your health, a crucial part of both traditional and instant life insurance application processes, historical health, and most will ask questions about your immediate family’s health.
- MVR Report—Many companies order an MVR (motor vehicle report) to determine whether you have a history of major traffic violations like DUI or DWI. This report can also assist the insurer in assessing any lifestyle issues that might affect your rating.
Since all of these reports can contain sensitive information, applicants are required to give permission to order them when they sign the application.
By forgoing the life insurance exam, the underwriting process is much faster, and the company can issue a policy in days instead of weeks or months.
Types of No Medical Exam Life Insurance Policies
As no exam life insurance has gained in popularity over the years, many life insurers have responded to consumer demand by offering no exam Term Life Insurance and no exam Whole Life Insurance, with Term Life coverage being the most popular.
Life insurance consumers also benefit from the various rating methodologies that many insurance companies are using in the 21st century. These methodologies or underwriting processes allow the insurer to gather data in various ways, even though underwriters don’t require a medical exam.
No Medical Exam Simplified Issue
Simplified-issue life insurance policies are available from several life insurance companies and generally have higher rates than fully underwritten policies. With the simplified issue, no exam coverage process, an applicant can expect:
- Life insurance without a medical exam
- Medical questions on the application
- Possible MIB and RX reports are significant in the life insurance application process, except for instant life insurance policies, where they may not be required.
- 3 or 4 different rate classes
- Death benefits typically capped at $500,000
- Higher rates than fully underwritten policies
No Medical Exam Accelerated Underwriting
Although many insurers did not offer accelerated underwriting in the past, each year, more and more companies are utilizing this process as they are able to onboard the needed technologies. Accelerated underwriting generally involves:
- Life insurance without a medical exam
- A more comprehensive application
- Underwriter telephone or online interview (if needed)
- MIB and RX reports
- Standard and Preferred rate classes
- Death benefits up to $3 million
- Pricing close to or equal to fully underwritten policies
Instant Life Insurance
- Perfect for healthy applicants unwilling to have a medical exam.
- Policies are typically issued in minutes rather than days, weeks, or months.
- Death benefits typically capped at $1,000,000
- No medical exam, online application, sometimes no agent needed
Who we recommend for Instant Approval Life Insurance:
Guaranteed Issue Underwriting
Guaranteed issue life insurance, a subset of instant life insurance, is available without a medical exam. Also known as final expense insurance, a handful of companies offer it, and it is generally used as a last resort when an applicant cannot medically qualify for traditional life insurance, even when the company doesn’t require a medical exam.
Guaranteed issue final expense insurance is whole life insurance rather than term life insurance and requires a 2-year waiting period before the insurer will pay the full death benefit for death due to natural causes.
Applicants who purchase guaranteed issue life insurance can expect the following:
- Whole Life insurance without a medical exam
- No medical questions on the application
- A 2-year waiting period provides for the company to pay only the return of premium plus an additional percentage if death results from natural causes.
- Coverage is typically capped at $25,000
- Eligible applicant age is typically 50 – 85
- Much higher rates than fully underwritten, accelerated underwriting, or simplified issue life insurance because it is whole life insurance rather than Term or Universal Life Insurance.
Pros and Cons of No Medical Exam Life Insurance
As with any life insurance product, the advantages and disadvantages are generally based on the applicant’s need for life insurance.
While no-exam life insurance may be a perfect fit for an applicant who needs life insurance quickly and easily, it may not be a good fit for the applicant who wants a substantial death benefit at super-affordable rates.
Pros of No Exam Life Insurance
- No medical exam to deal with
- Faster issue of insurance coverage
- Competitive rates for healthy applicants who qualify for no exam coverage
- Get life insurance from many insurers competing for your business
Cons of No Exam Life Insurance
- Age restrictions that could affect seniors
- Limited coverage amounts – typically $3 million
Who is a Good Candidate for No Exam Life Insurance?
A no-exam life insurance policy is suitable for many people in many different circumstances, including those who want instant life insurance due to its convenient application process.
- Those who may not have time for a medical exam
- Those who are averse to the idea of a medical exam for personal reasons
- Those who may be traveling and unavailable to undergo an exam
- Those who are physically unable to have a medical examination
- Those who need to get life insurance coverage quickly
It’s important to note that because there is no medical exam requirement, no exam life insurance is not always a good fit for applicants with severe or multiple health issues.
Even if an applicant omits a medical condition on the application, the insurance company can deny paying a death benefit if death occurs in the first two years of the policy and an investigation reveals an intentional omission.
How Much Life Insurance Can You Get Without a Medical Exam?
The amount of life insurance you can purchase without a medical exam depends on the company you choose to do business with.
If you’re looking for a guaranteed issue life insurance policy, the death benefit is typically $25,000, but if you prefer term life insurance, your limits are typically much higher.
Here are our top five go-to companies for no-exam life insurance:
| Company | Program Name | Coverage Amounts |
| Banner Life | Horizon | (20 – 60) $100,000 to $4,000,000 |
| Lincoln Financial | TermAccel |
(18 – 60) $100,000 to $2,500,000 |
| Pacific Life | PL Swift Sailing | (18 – 60) $100,000 to $3,000,000 |
| SBLI | Accelerated Underwriting | (18 – 60) $100,000 to $1,000,000 |
| Symetra | Accelerated Underwriting | (18 – 60) $100,000 to $3,000,000 |
How Much Does No Exam Life Insurance Cost?
All life insurance policy rates, whether medically underwritten or not, will depend on the applicant’s age, health, coverage amount, term length, type of insurance, including term, instant term life insurance, and whole life, and the insurance company selected.
Because so many insurance companies with superior technology compete for your business, a no-exam life insurance policy is much more competitive with fully underwritten life insurance than ever before.
How to Compare Instant Life Insurance
When comparing instant life insurance and no-exam term life insurance policies, evaluate the coverage limits, premium costs, and the insurance company’s financial stability. Utilize online comparison tools and quote engines to expedite your search.
Focus on insurance companies that offer accelerated underwriting processes and, if available, customer reviews for additional insight into their service quality.
Steps to Get Quotes
Start by using online comparison tools and quote engines to swiftly gather a range of life insurance options from various insurers. This will simplify your search process significantly.
For a quicker turnaround, focus on insurers with accelerated underwriting processes and no medical exam requirements. Reading customer reviews can provide additional insight into the insurer’s service quality.
Many no-exam life insurance policies offered by your selected insurance company are competitively priced.
Gather and prepare any necessary personal and medical history information beforehand. This includes details such as your age, existing medical conditions, and lifestyle habits. It ensures a smoother application process and more accurate quotes.
What to Look For
When comparing instant life insurance quotes online, including those for whole life insurance, several key factors must be evaluated.
- Coverage Amounts – Ensure the policy offers sufficient coverage to meet your financial needs.
- Policy Terms – Look for flexible term lengths that align with your future plans.
- Premium Rates – Compare premium costs to find an affordable option.
- Insurer Reputation – Choose insurers with high financial ratings and positive customer reviews.
- Application Process—Opt for companies with streamlined, no-exam application processes. These elements will help you make an informed decision, and evaluating these criteria can streamline your selection process.
Make sure to use reputable comparison tools (like those on Lifeinsure.com)for accurate and efficient sourcing.
Applying for No Medical Exam Term Life Insurance
There are some things you need to know about applying for this type of coverage:
- You will have to fill out a questionnaire about your current state of health and pre-existing conditions and provide a complete rundown of your medical history unless you are applying for guaranteed-issue whole-life insurance.
- In most cases, you will need to be interviewed by insurance company personnel.
- Before approving an application, the insurance company may request information from your physicians and the Medical Information Bureau to confirm pre-existing conditions and how they are being managed.
- In most cases, the insurance company will also check your driving record with the DMV, as well as a list of your current and previous prescription medications.
- It is imperative that all applicants are completely honest about their health history to avoid policy complications down the line, especially when applying for instant life insurance, where the application process may be expedited. No-exam life insurance should not be seen as a way to avoid disclosing certain medical conditions.
No Exam Life Insurance Policy Restrictions
Coverage is Limited:
The average policy is limited to $2,000,000 in death benefits (less with several companies). If you are looking for more coverage, you’ll need to go with a policy that requires a medical exam. Moreover, if you require guaranteed issue whole life insurance, the coverage is generally capped at $30,000, depending on the insurer,
Age Restrictions:
In most cases, you must be under 60 years old to qualify for a No-Exam policy.
Premiums are Sometimes Higher:
Since you’ll be attaining a policy immediately, with little or no underwriting required, the insurance company will take a higher risk in covering you. To compensate for this added risk, your premiums might be slightly higher than what you would pay for a policy that requires an exam. Update: There are now many companies whose rates compare favorably to fully underwritten policies.
Common Myths About Instant Life Insurance
A prevalent myth is that instant life insurance policies always come with exorbitantly high premiums, which is inaccurate.
While some instant policies may have higher rates, many insurers now offer competitive pricing comparable to traditional policies, thanks to advancements in technology and underwriting processes.
Another common misconception is that “no-exam” means “no-underwriting,” leading some to believe these policies lack thorough evaluation.
Misconceptions about Costs
Many people assume that no-exam life insurance policies are prohibitively expensive.
This misconception stems from a historical precedent where such policies did indeed have higher premiums, primarily due to the perceived increased risk for the insurer. However, advancements in data analytics and underwriting techniques have significantly mitigated these differences, bringing costs closer to competitive levels.
Additionally, some believe that instant life insurance always entails substantial out-of-pocket expenses. In contrast, individuals with a clean health history may find that their premiums are quite affordable and comparable to those of fully underwritten policies.
Therefore, it’s crucial to thoroughly compare policies and receive personalized quotes to debunk any misconceptions and make an informed decision. Leveraging modern comparison tools can reveal the true cost-effectiveness of no-exam life insurance, dispelling outdated notions about the financial burden.
Coverage Limitations Explained
No-exam life insurance policies have certain inherent coverage limitations.
Unlike traditional policies, no-exam life insurance typically caps the maximum death benefit. Applicants often encounter limits of up to $2 million, with some policies offering more but generally requiring further underwriting.
For those seeking guaranteed issue final expense insurance, the coverage limits are notably lower. These policies often cap at $25,000 to $30,000, reflecting their target use for covering end-of-life expenses rather than substantial financial protection.
Age restrictions are another significant factor. Most no-exam life insurance policies require applicants to be under 60 years old, which may exclude older adults seeking immediate coverage without medical evaluations.
Catering to high coverage needs may necessitate exploring traditional policies despite the convenience and speed of no-exam options.
LifeInsure.com can Help
No-exam life insurance is the ideal solution for many people who want to get life insurance coverage quickly that doesn’t require a medical exam! Compare several no-exam coverage life insurance quotes from top companies with LifeInsure.com—without sales pressure or submitting sensitive personal information. We’re here to help you get the type of life insurance you need that will fit your budget.
Frequently Asked Questions
Yes. If your application or MIB reports indicate you have severe, multiple, or life-threatening medical issues, your application can be denied.
Typically there are no health questions on the application for guaranteed issue whole life insurance.
Yes, they do. In fact, there will be many questions about your current and historical health that must be answered truthfully with no omissions.
Term life insurance is the cheapest type of life insurance since it is temporary and has no cash-value component.
Yes. Accidental Death & Dismemberment policies (AD&D) are cheaper than Term Life Insurance but only pay if death is the result of an accident.
No Exam Life Insurance Quotes
I believe that when people shop for insurance (or anything else, for that matter) on the Internet, they are looking for a simple, non-intrusive, non-pressure method of doing so.
I strive to treat my prospective clients with the utmost respect and I believe an educated prospect can make the right decision without sales pressure.
Being independent, I represent many highly-rated insurance companies and, because I am not beholden to any one insurance company, my focus is to find the right company and policy for each individual client.
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