Is life insurance without a medical exam right for you?

If you’re looking for life insurance and prefer a no-hassle approach, you’ll be happy to know that various options are available.

Within these options, most people younger than 60 opt for term life insurance without a medical exam. Those 60 or older, or in poor health, choose no exam whole life insurance instead.

Since a medical exam isn’t required, many choices for both types of policies are available online. You can compare rates online, choose your best match, and in most cases even apply online.

Important takeaways
  • There are two main types of no medical exam life insurance: term life and whole life.
  • For healthy individuals between ages 20 and 60, the most popular option is term life insurance without a medical exam.
  • Seniors over age 60 can opt for whole life insurance without a medical exam, either through a simplified issue final expense or guaranteed issue policy.

No medical exam life insurance is best if:

  • You don’t mind paying a bit more for convenience (although in some cases a no medical term life insurance policy can actually cost less than other types of policies).
  • You prefer an online, no-contact approach.
  • You want up to $1 million in coverage.

What is no medical exam life insurance?

Life insurance can provide a solution to several of the top financial concerns many people have:

  • Education expenses for dependents
  • Income replacement for dependents
  • Final expenses
  • Leaving an inheritance

Not only is life insurance important for protecting the people you care about. It can also provide instant peace of mind for you. And, getting life insurance is no longer a complicated, drawn-out process because a lot has changed in recent years.

For instance, paper forms and contracts are now available as digital documents. Also, public records can be checked instead of requiring applicants to undergo a medical exam. That means the underwriting process, which used to take weeks or longer, can now be done in minutes.

As a result, it’s easier than ever to buy life insurance. It’s now possible to get a life insurance policy entirely online, without taking a medical examination, and without ever seeing a piece of paper.

No medical exam term life insurance

Term life insurance policies have become hugely popular in the last decade, for several reasons:

  • These policies are flexible. You can get up to $1 million in coverage and select a term that works best for you. A 20-year term is the most common, but longer terms are available.
  • No medical exam term life insurance is affordable. It costs about 2 to 4 times less than whole life insurance. In fact, most people significantly overestimate the cost of this type of coverage.
  • You can choose from many top-rated providers. Because no medical exam term life insurance has become so popular, many insurers have improved their products in this category.

While a medical exam isn’t required, you still need to qualify medically. But instead of having you take a physical, insurance companies will qualify you based on public records they can access online, such as medical history, prescription medication history, and driving records.

When you request an online quote, we ask a few specific questions before providing you with rates. We do this so that we can exclude results from certain insurers if we know that you would have a tough time meeting their eligibility criteria.

Term life insurance without a medical exam is best if you:

  • Want $1 million or less in coverage
  • Are younger than 60 and in good overall health
  • Want life insurance coverage for the next 10 to 30 years

No medical exam whole life insurance

Whole life insurance policies have become less popular over time. But, they still have a strong foothold for a few reasons:

  • These policies last your entire life. While some people prefer having life insurance only when it matters most, others would rather get one policy for the rest of their life.
  • Some whole life insurance policies offer guaranteed acceptance. This might sound convenient, but it’s also expensive. These policies are most popular for those who can’t otherwise qualify for life insurance because of their health.
  • Simple and straightforward. Final expense is a type of whole life insurance that’s popular among older adults. It’s typically used to cover burial costs, and usually a medical examination is not required to get this type of policy.

If undergoing a physical exam is out of the question, you’ll have two options if you want whole life insurance: final expense or guaranteed issue. These options are most commonly chosen by people in their 70s or older.

Should you decide you want one of these whole life insurance options, then simplified issue final expense insurance will be your best choice if you’re in overall good health. If you currently have any serious health conditions or have had any in the past, then guaranteed issue is your best choice.

Whole life insurance without a medical exam is best if you:

  • Are 60 or older
  • Want life insurance to cover your funeral expenses rather than to leave an inheritance
  • Can’t qualify for term life insurance because of health issues or other reasons
Term life insurance without a medical examWhole life insurance without a medical exam
Age18 – 6560+
CostMost affordableExpensive
HealthAverage to excellent healthExcellent to poor health
Insurance duration10 to 30 yearsEntire life
CoverageUp to $1 millionUp to $50,000
Compare term ratesCompare whole rates

How you’re qualified when a medical examination isn’t required

Even though the insurer doesn’t require a medical exam, that doesn’t mean there’s no qualifying process.

In fact, there are only two types of life insurance that have no medical qualification whatsoever — accidental death and dismemberment, and guaranteed issue life insurance.
 
Both simplified issue term and final expense life insurance require medical qualification, just not the traditional way.

Instead, a decision on your application will be made using the following records:

  • Pharmacy report, which reveals all medications you’ve been prescribed over the last 5–10 years
  • Motor Vehicle Department report
  • Medical Insurance Bureau report (shows whether you’ve applied for or been denied life insurance in the past)
  • Credit history (only a few insurance companies check this)

No exam life insurance options

DetailsSimplified issueGuaranteed issueGroup insuranceAccidental Death
Age18 – 6560+18+18+
Cost$$$$$$$$
HealthAverage to excellent healthBest for poor healthBest for poor healthGood for any health
Insurance duration10 to 30 yearsEntire lifeEntire lifeEntire life
CoverageUp to $1 millionUp to $50,000Depends on the association$500,000
Get a quoteGet a quoteGet a quoteGet a quote

Simplified issue life insurance

Simplified issue is a term used to describe the underwriting process. These types of policies are reserved for people in good to excellent overall health.

If your health is good, chances are you’ll be approved instantly. Insurance companies won’t just take your word for it, though. They will verify your health status by pulling your health records.

If your health history includes a 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.

Guaranteed issue life insurance

As the name implies, with these policies, acceptance is generally guaranteed. No health questions are asked to determine whether you’re eligible. If you are asked health questions, your answers are used to determine the price of your policy, not your eligibility.

While that may seem like a wonderful convenience, it comes at a cost. And the cost is typically so high that only those who can’t qualify for other types of insurance decide to buy a guaranteed issue policy.

That’s why guaranteed acceptance life insurance is most often bought by seniors whose health status is less than average.

These policies offer up to $50,000 in coverage and are usually used for:

  • Burial expenses
  • Paying off debt, such as credit cards, a mortgage, or a car loan

However, guaranteed issue life insurance isn’t just for seniors. Sometimes people in their 40s or 50s choose this type of policy — usually if they have, or have had, one or more serious illnesses. Health issues such as cancer, a heart attack, or a stroke make it very hard to qualify for term life insurance.

It’s important to know that a guaranteed issue policy usually has a 2-year waiting period. What that means is the insurer wouldn’t pay the full death benefit if you were to pass away during that 2-year period. Instead, the company would return the payments you had made so far, plus interest.

In other words, if your life expectancy is 2 years or less, a guaranteed issue policy may not be worth considering.

If your health is a concern and you want life insurance, it pays to look into group insurance. The benefit of life insurance through a group is that qualifying is much easier. Rather than qualifying you personally based on your health, the insurance company looks at you as part of a group.

Learn more about guaranteed issue life insurance

Group insurance

Buying group insurance is similar to getting life insurance through an employer. Instead of individually applying for and individually owning your insurance policy, you become part of an association.

Getting a group term or whole life policy involves answering a few health questions. Generally, insurers only require that you not be in a medical facility or require full-time medical care.

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, this type of policy is a good option. But if you’re in good health, it’s probably in your best interest to choose individual term life insurance instead. The price will never increase during the term, and you can lock in a better rate.

Learn more about group life insurance

Accidental death insurance

Accidental death and dismemberment coverage can be an excellent alternative or addition to life insurance. AD&D policies only cover a death that results from an accident, so they cost much less than regular life insurance.

And, since AD&D policies don’t cover a death resulting from natural causes, no health questions are asked and no health exam is required. This makes this type of insurance a plausible option for seniors as well.

A 70-year-old can expect to pay about $100 per month for a $10,000 policy. That same person could get a $50,000 AD&D policy for just $5 per month.

Learn more about accidental death and dismemberment insurance

Best companies for life insurance without a medical exam

Whenever you’re preparing to make a financial decision, including selecting an insurance provider, it’s always in your best interest to do some homework. Some life insurance companies have far better ratings, and offer better prices and benefits, than others.

Assurity no medical exam life insurance logo Assurity

Assurity has provided reliable life insurance for over 120 years. The company’s no medical exam term life insurance is a great product. If you’re in good or excellent health, you could qualify for accelerated underwriting. This means you could get a coverage decision within minutes rather than days or weeks.

Our opinion about Assurity

Assurity offers one of the best-priced no-exam policies, along with great service and lenient underwriting. The application takes about 20-30 minutes to complete over the phone. Some policies are approved instantly, depending on the applicant’s health history.

How much does Assurity life insurance cost?

AgeGender$100,000$250,000
20Male$11.14$18.27
Female$9.57$14.14
30Male$11.14$18.27
Female$9.57$14.36
40Male$17.14$30.67
Female$14.53$25.45
50Male$37.67$70.47
Female$29.84$54.81
60Male$98.05$185.96
Female$69.08$129.63

Methodology: We calculated these rates based on age and gender specified above, for healthy, non-smoking individuals based in California.

Sagicor no medical exam life insurance logoSagicor life insurance

Sagicor is a top-rated insurance provider for no medical exam term life insurance. The company’s Sage Term product offers an online application and accelerated underwriting. So, you can answer some medical questions online and find out in minutes if you’re approved.

Our opinion about Sagicor Sage Term

The application can be taken over the phone in about 20 minutes, or the majority of the application can be completed online.

This product does not require a medical exam. While that convenience increases the price slightly, this product is still one of the most affordable options available.

How much does Sagicor life insurance cost?

AgeGender$100,000$250,000
20Male$10.03$15.61
Female$9.19$12.52
30Male$10.77$16.13
Female$9.87$14.23
40Male$13.95$22.36
Female$12.15$18.64
50Male$28.14$52.77
Female$25.60$45.58
60Male$86.72$191.15
Female$58.94$138.16

Methodology: We calculated these rates based on age and gender specified above, for healthy, non-smoking individuals based in Ohio.

Great western no medical exam whole life insurance logoGreat Western insurance

Great Western specializes in one type of insurance, and that’s insurance for burial expenses. The company is continually ranked as one of the top pre-need insurance companies in the United States. This makes Great Western a great choice for guaranteed issue life insurance.

Our opinion about Great Western

Great Western specializes in final expense insurance and has over 4 decades of experience. This allows the company to offer exceptional customer service and guidance with funeral and pre-need planning.

How much does Great Western life insurance cost?

AgeGender$10,000$25,000
60Male$75.42$184.17
Female$66.25$161.25
70Male$119.58$294.58
Female$102.08$250.83

Methodology: We calculated these rates based on age and gender specified above, for healthy, non-smoking individuals based in Ohio.

What about other popular insurance companies?

Does geico offer life insuranceGeico life insurance

Geico specializes in vehicle insurance. If you already have your vehicle insured through Geico, you might be wondering about getting life insurance through the company as well.

Unfortunately, Geico does not sell life insurance. Instead, it has affiliations with other insurance providers. That means if you get a life insurance quote through Geico and you choose to buy a life insurance policy based on that quote, it won’t be through Geico.

So, if you’re thinking about combining your vehicle and life insurance through one company, Geico doesn’t give you that option.

State farm life insuranceState Farm life insurance

State farm holds a 16% share of the auto insurance market, making it the largest auto insurance provider in the United States. Unlike Geico, State Farm does provide additional types of insurance in-house.

State Farm’s life insurance quote process is pretty straightforward, although you can’t opt for no medical exam rates only. Instead, you may or may not have to undergo a medical examination.

How much does State Farm life insurance cost?

We got a life insurance quote for a 30-year-old male in excellent health who hasn’t smoked in the last 3 years. The cost for a $100,000, 20-year term policy was $12.88 per month. The same quote, but for a female, resulted in a rate of $12.35 per month.

Based on these quotes, State Farm costs 10% more than Assurity and about 20% more than Sagicor. While having multiple insurance policies under one insurer is definitely convenient, a 20% price difference could end up costing thousands of dollars in the long run.

How much does life insurance without a medical exam cost?

It mainly depends on whether you want term or whole life insurance. No medical exam term life insurance is surprisingly affordable. Price drops in recent years have definitely made this product more attractive than ever.

Additionally, some insurers have fine-tuned their underwriting process to where they can offer a policy without a medical exam that actually costs the same as, or even slightly less than, a traditionally underwritten policy that does require an exam. They are able to do that because less work is required and the difference in risk is virtually nil. This is especially true for people who are in good overall health.

Buying a whole life insurance policy without undergoing a doctor visit can be quite expensive. That’s mostly because people buy these policies at a later age, and the older you get, the more expensive life insurance becomes.

How much life insurance can you get without a medical exam?

It depends on the type of policy and the insurer. Generally speaking, you can get $500,000 to $1 million in coverage with term life insurance, depending on the specific company.

New life insurance providers are increasing the pressure on established insurers, though. Some offer as much as $2 million in coverage without a medical examination.

With whole life insurance, the maximum amount of coverage is far lower — usually around $50,000. Typically, a no exam whole life insurance policy is used to pay for burial expenses. In 2020, the average funeral cost was between $7,000 and $12,000. Some people buy a policy for $10,000, which will cover at least most of their funeral costs, whereas others go for a higher amount, such as $25,000, to pay off additional debt.

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