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Author: Brian Greenberg CEO of True Blue Life Insurance
Last updated November 24, 2020

No medical exam life insurance

No medical exam policies are exactly what their name implies: You don’t have to take a medical exam when you apply for them, as you do with traditional life insurance policies. Yet, they provide the same guaranteed coverage.

While a no exam life insurance plan offers you clear advantages, it means higher risk for the insurer.

One way insurance companies cover this higher risk is by limiting the amount of coverage they offer with no exam policies. The maximum coverage most companies offer for a no medical exam term policy is $1,000,000.

Note that no medical exam policies are still fully underwritten — just not with a medical exam.

Can you get term life insurance without a medical exam?

Absolutely. Forgoing the medical exam makes the whole process of getting life insurance exponentially easier.

You get to bypass a medical examiner coming to your home or office.

This means:

  • No needle stick to draw blood
  • No cup for a urine specimen
  • No scale to take your weight
  • No blood pressure cuff on your arm
  • No waiting around for your lab results

And, most important, no stress.

It’s important to know that when you apply for a no medical exam policy, you will be asked about your health history and your public reports will be checked.

There’s no difference in coverage between a policy that does require an exam and one that doesn’t.

What insurers use to qualify you without an exam:

  • Pharmacy report, which lists all medications you’ve been prescribed over the last 5–10 years
  • Motor vehicle department report
  • Medical Insurance Bureau report (to see if you’ve applied for or been denied life insurance in the past)
  • Credit/financial history (not all companies check this)

Why consider a life insurance plan without a physical?

The traditional process of obtaining life insurance went something like this: You set up an appointment with your doctor to check out your physical health, and the results were shared with the insurance company, where an underwriter reviewed your material. Eventually, about six to eight weeks after your initial contact with an agent, you received your policy.

But for some people, the idea of waiting over a month is undesirable or, in some cases, just not feasible. Some, for instance, must find a life insurance plan quickly in order to apply for a Small Business Administration (SBA) loan. Others find out that their divorce settlement requires life insurance and they must find an acceptable insurance plan in a hurry so that the proceedings can continue. In these situations, people need to get a life insurance plan as soon as possible so as not to disrupt other areas of their life.

For many people, the idea of forgoing the physical exam altogether is simply appealing. No scheduling a half-hour appointment. No getting poked and prodded. No stress from wondering whether their medical health is sufficient to get a good rate or if there’s anything lurking in their tests that they didn’t know about. And, most important, no waiting. Just one online survey and they’re done, with some companies approving life insurance plans in as little as a day!

Type of No Exam PolicyTime to ApprovalHealth Types EligiblePercent of Population That QualifiesCoverage AmountsPrice
Accelerated2 – 21 daysExcellent5%$100,000 – $1,000,000Best
Simplified IssueInstant – 30 daysExcellent to average60%$25,000 – $1,000,000Good
Express IssueInstant – 10 daysAverage to below average85%$25,000 – $400,000Average
Instant/Rapid Issue (online application)Instant – 4 daysExcellent to below average50%$25,000 – $1,000,000Good
GroupInstantAny99%$10,000 – $50,000OK

1. Accelerated Acceptance Policies

These are the most competitively priced no exam policies in the market. With this type of policy, the application paperwork is so clean that the company sees no need to invest in a medical exam.

For healthy people, this is the best option. Only a select group of companies offers accelerated underwriting options.

What do you need to qualify for accelerated acceptance?

Medical HistoryNo history of cancer, heart disease, stroke, diabetes, immune disorder, or any other disease
Number of MedicationsNo more than 1 medication
Financial/Credit ScoreCredit score over 740
Motor Vehicle Department ReportNo history of DUI, no more than 2 tickets in the past 3 years

Companies that offer accelerated acceptance/underwriting

Insurance CompanyProductEligible AgesCoverage Amounts

Banner Life Insurance Company

OPTerm20 – 50$100,000 – $1,000,000

Lincoln National Life Insurance Company

TermAccel18 – 50$100,000 – $500,000

John Hancock Life Insurance Company

Smart Protect20 – 60$100,000 – $1,000,000

Principal Life Insurance Company

Term18 – 60$50,000 – $1,000,000

Pacific Life Insurance Company

Pacific Prime18 – 60$100,000 – $249,999

2. Simplified Issue Policies

Simplified issue policies are for people with excellent to average health.

If you’re in excellent health, your policy will be approved immediately.

If your health history includes serious or chronic illness, insurers might require a medical report from the doctors you’ve seen. And if they can’t get the records they need, they will require a medical exam. 

What do you need to qualify for a simplified issue policy?

Medical HistoryNo history of cancer, heart disease, stroke, or immune disorder in the past 7 years. Well-controlled medical conditions acceptable.
Number of MedicationsNo more than 3 medications
Financial/Credit ScoreCredit score over 600
Motor Vehicle Department ReportNo history of DUI in the past 10 years, no more than 3 tickets in the past 3 years

Companies that offer simplified issue policies

Insurance CompanyProductEligible AgesCoverage Amounts

Sagicor Life Insurance Company

Sage Term18 – 75$50,000 – $500,000

American National Life Insurance Company

Term Life18 – 65$50,000 – $500,000

Mutual of Omaha Life Insurance Company
SBLI Level Term Insurance18 – 60$100,000 – $500,000
American Life Insurance Company of TX
Signature Term18 – 65$50,000 – $250,000

Mutual of Omaha Life Insurance Company

Term Life Answers18 – 80$25,000 – $99,999

Nassau Re Life Insurance Company

Safe Harbor Term18 – 80$50,000 – $500,000

Transamerica Life Insurance Company


Trendsetter LB18 – 80$50,000 – $250,000
American Life Insurance Company of TX
Term Made Simple18 – 75$50,000 – $400,000

Surebridge Life Insurance Company
Simplified Issue Term25 – 65$25,000 – $100,000

3. Express or Instant Issue Policies

With express or instant issue products, the insurance company approves or declines your application immediately. In some cases, an underwriter reviews your application to make a final decision. That can push the approval time to 10 days.

Express issue policies offer the same price for everyone, regardless of health. But, some insurers will decline an application based on the applicant’s current or previous health status.

What do you need to qualify for an express/instant issue policy?

Medical HistoryNo history of cancer, heart disease, stroke, or serious immune disorder in the past 5 years. Controlled medical conditions acceptable.
Number of MedicationsNo more than 4 medications
Financial/Credit scoreNo financial history or credit check
Motor Vehicle Department ReportNo history of DUI in the past 5 years, no more than 3 tickets in the past year

Companies that offer express/instant issue policies

Insurance CompanyProductEligible AgesCoverage Amounts

Fidelity Life Insurance Company
Rapid Decision Express18 – 65$25,000 – $250,000

Independent Order of Forester Life Insurance Company
Your Term18 – 80$50,000 – $400,000

Mutual of Omaha Life Insurance Company
Term Life Express18 – 65$25,000 – $300,000

Nassau Re Life Insurance Company

Safe Harbor Term Express18 – 80$25,000 – $400,000

4. Instant/Rapid Issue Policies with Online Applications.

If you prefer to apply online yourself, now you can get a quote and complete the application without the assistance of a sales agent. The online application takes about 10 – 20 minutes to complete. Of course, you have the option to speak with an agent. The choice is yours.

Although the companies that offer these policies may have unfamiliar names, they are backed by A-rated insurance companies — so you can rest assured that your coverage is secure.
These policies are still fully underwritten. This means the underwriters at the insurance company run your pharmacy report, your motor vehicle report, and a financial background report, so be truthful when applying.

Upon completing the application, you will receive instant feedback on whether your application has been approved or declined, or if more information is needed. The company may require additional medical information before issuing you a policy.

What do you need to qualify for an instant/rapid issue policy with an online application

Medical HistoryNo history of cancer, heart disease, stroke, diabetes, or immune disorder in the past 7 years. Well-controlled medical conditions acceptable.
Number of MedicationsNo more than 3 medications taken daily
Financial/Credit ScoreCredit score over 600
Motor Vehicle Department ReportNo history of DUI in the past 10 years, no more than 3 tickets in the past 3 years

Companies that offer instant issue policies with online applications

Insurance CompanyProductEligible AgesCoverage Amounts

HavenLife
Haven Term Simplified
Issued by MassMutual
18 – 65$25,000 – $500,000

Fabric Life Insurance
Term Life Insurance
Issued by Vantis Life
21 – 60$100,000 – $1,000,000

Ladder Life Insurance
Term Life Insurance
Issued by Fidelity Security Life
20 – 60$100,000 – $1,000,000

Bestow Life Insurance
Instant Issue Term
Issued by North American Co. for Life & Health
21 – 55$50,000 – $1,000,000

5. Group Insurance Policies

Getting a group term or whole life policy involves answering a few health questions. Insurers only require that you not be in a medical facility or require full-time medical care. You join an association to gain access to these products, and they’re the same type of group policies you would get through an employer.

Depending on which insurance company you choose, the application will have 7 – 12 questions. There’s only one health class, and the premium costs typically increase every 5 years.

For people who are in poor health, these are a good option.

What do you need to qualify for a group insurance policy?

Medical HistoryNot in a medical facility and do not require full-time care
Number of MedicationsNo limit
Financial/Credit scoreNo financial history or credit checks
Motor Vehicle Department ReportThey do not check

Companies that offer group insurance policies

Insurance CompanyProductEligible AgesCoverage Amounts

5 Star Life Insurance Company
Family Protection Plan18 – 65$10,000 – $50,000

Lifeshield National Life Insurance Company
Protection Plus18 – 75$10,000 – $50,000

Group Life Insurance

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FAQs

How are no exam life insurance policies different from policies that require a physical?

Answer: The difference is the coverage amounts and health classes offered. Policies that do not require an exam have lower coverage amounts.

How much life insurance can I get without a physical?

Most carriers offer up to $1,000,000 in coverage if you choose to forgo the exam. Any amount over this will require a medical exam.

Are no exam policies more expensive?

Contrary to what you might have heard, no medical exam policies are not more expensive than those that do require an exam.

It’s true that they used to cost more, but the increasing popularity of these plans has made them more competitively priced.

A few decades ago, it would have been hard to find an insurance company that would let you apply without taking a physical. But more insurers are getting on board. That means you have more choices.

There are five types of no medical exam term life insurance policies. Which one you choose determines the cost.

No Medical Term Life Insurance Product Comparison Chart

Company & ProductPolicy Type & Time to ApprovalEligible Ages & Coverage AmountsTrue Blue Notes

Banner Life Insurance Company

OPTerm
Accelerated

2 – 4 days
20 – 50 years

$100,000 – $1,000,000
For people with excellent health, they often waive the medical exam requirement.

Lincoln National Life Insurance Company

TermAccel
Accelerated

2 – 10 days
18 – 50 years

$100,000 – $500,000
For people with excellent health, they often waive the medical exam requirement.

John Hancock Life Insurance Company

Smart Protect
Accelerated

2 – 4 days
20 – 60 years

$100,000 – $1,000,000
A no medical exam option for those in excellent health.

Principal Life Insurance Company

term
Accelerated

1 – 4 days
18 – 60 years

$50,000 – $1,000,000
For people with excellent health, this is a great option.

Pacific Life Insurance Company

Pacific Prime
Accelerated

2 – 4 days
18 – 60 years

$100,000 – $249,999
For people with excellent health, the medical exam is waived for policies under $250,000.

Sagicor Life Insurance Company

Sage Term
Simplified Issue
Instant – 7 days
18 – 75 years
$50,000 – $1,000,000
Some policies are approved instantly, depending on health history.

American National Life Insurance Company

Term Life
Simplified Issue

Instant – 14 days
18 – 65 years

$50,000 – $500,000
Great service and lenient underwriting. Some policies are approved instantly, depending on health history.

Mutual of Omaha Life Insurance Company

SBLI Level Term Insurance
Simplified Issue
2 – 30 days
18 – 60
$50,000 – $250,000
Great pricing for people in excellent or average health. Doctors’ records may be requested.
American Life Insurance Company of TX
Signature Term
Simplified Issue

3 – 14 days
18 – 65 years

$50,000 – $250,000
The underwriting is lenient.
Product comes with Critical and Chronic Illness riders free of charge.

Mutual of Omaha Life Insurance Company

Term Life Answers
Simplified Issue

1 – 3 days
18 – 80 years

$25,000 – $99,999
The medical exam is only waived when the coverage amount is under $100,000.

Nassau Re Life Insurance Company

Safe Harbor Term
Simplified Issue

2 – 21 days
18 – 80 years

$50,000 – $500,000
Product comes with Critical and Chronic Illness riders free of charge. This company has a slightly lower financial rating.

Transamerica Life Insurance Company

Trendsetter LB
Simplified Issue

2 – 4 days
18 – 80 years

$50,000 – $250,000
Product comes with Critical and Chronic Illness riders free of charge. They don’t check background or credit reports.
American Life Insurance Company of TX
Term Made Simple
Simplified Issue

3 – 14 days
18 – 75 years

$50,000 – $400,000
Product comes with Critical and Chronic Illness riders free of charge.

Fidelity Life Insurance Company

Rapid Decision Express
Express/Instant Issue

Instant – 1 day
18 – 65 years

$25,000 – $250,000
Application takes 10 minutes over the phone, and approval decisions are made instantly. They don’t check background or credit reports.

Independent Order of Forester Life Insurance Company

Your Term
Express/Instant Issue

Instant – 10 days
18 – 80 years

$50,000 – $400,000
They have multiple health classes, so rates are great for those in excellent to below-average health. They don’t check background or credit reports.

Mutual of Omaha Life Insurance Company

Term Life Express
Express/Instant Issue

Instant – 2 days
18 – 65 years

$25,000 – $300,000
For those who are overweight, this is often the best choice. They don’t check background or credit reports.

Nassau Re Life Insurance Company

Safe Harbor Term Express
Express/Instant Issue

Instant – 10 days
18 – 80 years

$25,000 – $400,000
Product comes with Critical and Chronic Illness riders free of charge. This company has a slightly lower financial rating.

Bestow Life Insurance

Instant Issue Term
Issued by North American Co. for Life & Health
Online Instant Issue

Instant – 2 days
21 – 55
$50,000 – $1,000,000
Complete the application online and receive an instant decision. Different prices depending on health.

HavenLife

Simplified Issue Term
Issued by North American Co. for Life & Health
Online Instant Issue

Instant – 2 days
18 – 65
$25,000 – $500,000
Complete the application online and receive an instant decision. One health class (same price for everyone).

Ladder Life Insurance

Term Life Insurance
Issued by Fidelity Security Life
Online Instant Issue

Instant – 2 days
20 – 60
$100,000 – $1,000,000
Complete the application online and receive an instant decision. Different prices depending on health.

Fabric Life Insurance

Term Life Insurance
Issued by Vantis Life
Online Instant Issue

Instant – 2 days
21 – 60
$100,000 – $1,000,000
Complete the application online and receive an instant decision. Different prices depending on health.

Lifeshield National Life Insurance Company

Protection Plus
Group

Instant
18 – 75 years

$10,000 – $50,000
This is an exclusive group policy. It’s a term policy with a cost increase every 5 years.

5 Star Life Insurance Company
Group

Instant
18 – 65 years

$10,000 – $50,000
This is an exclusive group term life policy that lasts until you’re 100 years old. Part of the cost of the policy goes toward the dues for the association you join.
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