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Accelerated Underwriting Life Insurance

You can get life insurance without a medical exam – Should You ?

Accelerated underwriting is a process where the insurer gathers information about you electronically and then algorithms quickly assess what your life insurance quote should be.

The personal information gathered can include prescription drug histories, motor vehicle records, criminal records and risk scores created by third-party services.

Accelerated underwriting policies offer the convenience of no exam and can be priced as competitively as a policy that requires an exam.

Best For Online Application: Haven Life

  • AM Best Rating:AM Best is a credit rating agency that assigns insurance companies a letter grade from âA++â to âD.â A companyâs grade indicates its ability to pay its claims and honor its financial obligations.A++
  • Accepts Credit Cards:Yes
  • Term policies are not convertible to whole life

  • Low no-med-exam coverage limits

Haven specializes in term policies that are easy to apply for and often issued the same day. The website, quote, and application process are the most intuitive of all providers we reviewed. Plus, the company provides a slew of helpful information to guide you through the process, and offers a live chat feature. If you need quick term coverage without bells and whistles, this is the place to get it.

Healthy applicants up to 55 years old are eligible for same-day coverage for a death benefit up to $500,000 with Haven Life’s Haven Simple product. However, the maximum coverage term available is 20 years, and you can’t convert it to a permanent policy, unlike many other term policies with other providers.

Policies are issued by C.M. Life Insurance Company, which is a subsidiary of MassMutual.

Coverage Limits And Amounts

No-exam policies often have lower coverage amounts because of the higher risk for the insurance company. Given the tendencies, we rated high coverage as $500,000 or more, moderate as $101,000 to $499,000 and limited coverage as $0 to $100,000. We also looked at the included riders and any other add-on options.

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No Medical Exam Life Insurance Policies

No medical exam life insurance policies are available for both term and whole life insurance, but the death benefits for whole life coverage are typically limited to $50,000 or less that’s ten times less than the typical limit for term life benefits. If an insurer offers no medical exam coverage with a higher death benefit, it typically means that the medical exam depends on your responses to health questions.

For example, Pacific Life offers executives up to $3 million in life insurance coverage without a medical exam, but only if you pass a medical interview with no significant issues.

When applying for no medical exam insurance, you’ll be asked several questions about your health and medical history and your responses will be used to determine whether you qualify for coverage. The list of questions changes according to insurer, meaning you may be rejected by one company only to find coverage at another.

Regardless of what questions you’re asked, honesty is important. Insurers can cancel your policy during the first two years of coverage without a refund if they find that you lied or misrepresented anything. Keep in mind that even without a health exam, insurers still have a variety of ways to confirm the information you provide. Insurance companies regularly check your responses against:

  • Prescription databases
  • Physician statements

Guaranteed Issue Life Insurance

MUTUAL OF OMAHA TERM LIFE INSURANCE NO EXAM As a strong and financially ...

With this type of product, youre guaranteed coverage, as the name suggests. There is no exam and there are no questions to answer, with age generally being the only restriction. These policies offer very limited coverage and will cost much more than traditional life insurance. They are most often used by older people as a way to help their loved ones pay for final expenses.


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No Waiting Period Life Insurance

Whether for funeral costs, or other expenses, a no waiting period life insurance policy with no waiting period pays out the full death benefit even if death occurs during the first two years.

Death can be from natural or accidental causes, and your beneficiaries will still receive the full death benefit.Despite past health issues, most people qualify for a first-day coverage plan that doesnt insure them only for accidental death.

Its usually just a matter of searching until you find a life insurance company that will accept all your health conditions and insure you for immediate coverage.

To qualify for final expense insurance with no waiting period, you must apply with a company where you answer health questions and are subsequently approved.

You dont have to undergo a medical exam, but you will need to answer some medical questions.

Remember that no health questions life insurance plans always come with a two-three year waiting period .

Ready to see the plans and pricing?

Term Life Insurance No Medical Exam No Waiting Period

Term life insurance without a medical exam is a hassle-free way to get coverage quickly. Theres no waiting period, the application is easy to fill out, and it may be easier to qualify. It could provide you with an option for getting coverage that you otherwise wouldnt be able to obtain because you have pre-existing health conditions or work in a risky occupation . However, choosing a policy that doesnt require a medical exam may significantly increase your premium and limit your coverage.

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How Does Whole Life Insurance No Medical Exam No Waiting Period Work

Because applicants arent required to answer health questions or take a medical exam, insurers usually limit the death benefit amount in the first two or three years of coverage. If the insured dies during this period, the beneficiary may only receive minimum benefits or a return of premiums paid.

About Coach B.

After starting his financial career with Phoenix Home Life Insurance Company back in 1992, Scott decided he wanted to provide people with an easier and more enjoyable way to buy life insurance. That was the start of Coach B. Life Insurance, whose mission is to be transparent, honest, and helpful to customers without ever bugging or pushing them.

In the years since then, he has worked tirelessly to improve the process of shopping for insurance. His goal is to make sure that everyone who comes to Coach B. whether they end up buying a policy or not has the best possible experience.

Best For Military Members: Usaa

No Medical Exam Life Insurance – USA 2021

Military members and their immediate family members may qualify for competitive banking, insurance, and other financial services through USAA. Pricing is lower, payouts are higher, and customer service is strong. Of course, these services are only available to military and qualifying family members. For the children of a deceased military member to use any USAA products, the military member would need to be signed up before their death.

Guaranteed whole life policies are available in 49 states, excluding Montana. Coverage is available from $2,000 to $25,000 with no medical exam or questions. Applicants who want higher coverage limits can explore medical exam policy options with a licensed agent.

  • Health questions: No
  • Unique feature: High expert and customer rankings with a trusted provider

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How Does Guaranteed Issue Insurance Work

Typically, guaranteed acceptance life insurance plans have some type of waiting period before the benefits go into effect. Guaranteed issue life insurance with no waiting period is extremely uncommon. Most of these policies fully function after 2 to 3 years.3

If the guaranteed life insurance policyholder were to pass before the waiting period was over, the beneficiary would not receive the death benefit. However, the insurance company might pay the beneficiary all the paid premiums back with interest.4

The guaranteed issue life insurance waiting periods are put in place to prevent end-of-life candidates from cashing into the death benefit too early. This would put a serious financial strain on most insurance companies.5

Usually, you need to fall within the age requirements to access this type of plan. This depends on the company you are working with, but its usually between 50 and 80 years old.6

The specific qualifications for guaranteed issue life insurance vary based on your age and location. At Aflac, you may be able to skip the medical exam depending on your unique circumstances. We recommend chatting with an agent to see if this option is available for you.

Compare Life Insurance With No Medical Exam

10 Min Read | Nov 22, 2022

Listen to this article

Life insuranceits been on your to-do list for years, right? Youve been meaning to knock it out but . . . life happens. Well, heres some good news: These days theres one less hurdle between you and getting covered.

Over the past couple years, some insurance companies have started offering an exam-free life insurance optionand it doesnt come with sky-high premiums. If youre under 65 and in the market for a policy worth $2 million or less, you may be able to skip the lab work and apply without a medical exam.

So, if youve ever thought, Ugh, I dont like medical exams, this new flexible option should ease your mind and maybe get you on a path to peace and security for your loved ones! Heres what you need to know about getting life insurance without a medical exam.

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Do I Need A Medical Exam

Some life insurance companies require you to undergo a physical and answer extensive health questions before they will consider your application for coverage. Other life insurance policies only require a few questions. Gerber Life offers a simplified process, making it easier to get life insurance.

“Gerber Life offers a simplified process, making it easier to get life insurance.”

Having coverage to protect your family in the event that something unexpected happens is important. Your current health and physical condition shouldnt get in the way of that. Find out more information below so that you can make the best decision for your family.

More About Nationwide Life Insurance

senior life insurance no medical exam

The companys website includes detailed information about each policy, offering downloadable PDFs on most products. You can get a quote and apply online for term life insurance. For permanent life insurance policies, you can schedule a call with a Nationwide representative.

Nationwide allows policyholders to pay premiums automatically through recurring payments. A fee may be assessed if you pay in installments. Premiums can also be paid over the phone or by mail.

The companys mobile app allows policyholders to view coverage details, including cash value accounts. Some policyholders can also view billing details and make payments.

Other insurance products from Nationwide include:

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What Is Life Insurance

Life insurance is a service agreement between you and an insurance company where you pay premiums in exchange for a lump sum payment after your death, known as a death benefit. Most families depend on cash for daily living and survival. If you die, your family may lose a source of income, so life insurance acts as a form of financial security.

Your family can use your life insurance benefits to pay for living expenses or health costs after your death, which include:

  • Rent or mortgage payments
  • Income replacement
  • Funeral expenses

There are limits to your life insurance, though. If you want a higher insurance payout, you often pay higher premiums. Some companies dont offer insurance coverage or have limited coverage for certain conditions or habits, including cancer, diabetes, heart disease, or smoking.

No-exam life insurance can be helpful and quicker, as you dont have to do blood tests, lab tests or checkups to qualify for insurance, just answer some questions. Be aware that if the company finds out you lied on that questionnaire, say, by claiming that youre not a smoker, your insurance will likely be voided. Further, these policies are generally more expensive than traditional life insurance.

Whole Life Insurance Vs Term Life Insurance

When it comes to life insurance, there are two main types: whole life insurance and term life insurance. Both have their own advantages and disadvantages, so its important to understand the difference between the two before you make a decision.

Whole life insurance is a type of permanent life insurance that covers you for your entire life. The main advantage of whole life insurance is that it builds cash value over time, which you can borrow against if needed. The downside is that whole life insurance is more expensive than term life insurance and generally has lower face amounts. This type of life insurance is usually chosen by seniors. When you are older and have pre-existing conditions, it can be near impossible to qualify for term life insurance.

Term life insurance, on the other hand, is a type of temporary life insurance that only covers you for a set period of time usually 10, 20, or 30 years. The advantage of term life insurance is that its much cheaper than whole life insurance and can be a good option if you are a younger, healthy individual.

Term to whole life insurance has some key differences that will help you make your decision. Many seniors find that they get denied for term insurance. Thankfully, whole life insurance benefits directly help seniors and applicants with pre-existing conditions. You can get your free whole life insurance online quote in minutes.

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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 as a well as 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. No Exam life insurance should not be seen as a way to avoid disclosing certain medical conditions.

What Type Of Life Insurance Does Not Require A Medical Exam


Most any type of policy is eligible for no-exam underwriting. It used to be that if you wanted to skip the exam, only low-coverage insurance policies were available to you. These are still available and sold as burial or funeral insurance, or guaranteed-issue policies. But now, insurers have a number of sophisticated means by which to collect health and other information, so they donât need to rely on your exam. Plus, it costs them money to administer it and time to receive and review the results. No-exam underwriting allows insurance carriers to issue life policies faster, which is often good for both the customer and the insurer.

So whether youâre looking for term or permanent coverage, a whole life policy or an indexed universal life policy, itâs available somewhere without a medical exam. But not all companies offer no-exam life insurance on all or even any of their policies, so youâll need to do some research to find one that does. The one caveat is that not everyone is eligible for no-exam underwriting. If you have health issues that raise red flags for the insurance company, you may be required to undergo a medical screening to complete your application.

Recommended Reading: Term Life Insurance Rates For Seniors

Best For Financial Stability: Guardian

  • AM Best Rating:AM Best is a credit rating agency that assigns insurance companies a letter grade from âA++â to âD.â A companyâs grade indicates its ability to pay its claims and honor its financial obligations.A++
  • Accepts Credit Cards:No
  • No-med-exam life insurance with up to $3 million in coverage

  • Highest financial stability rating

  • Very few customer complaints relative to its size

  • Policies are eligible for dividends

  • Limited website information

  • No online application

Guardian offers up to $3 million in coverage without a medical exam to applicants up to 50 years old. Though not as substantial a sum as either Penn Mutual or Nationwide, itâs sufficient for many applicants. But aside from its no-medical-exam coverage, Guardian is a standout company. For starters, itâs the only one on this list to have secured an A++ rating from AM Best for financial strength. An A++ is the ratings agencyâs highest grade and indicates that Guardian has a âsuperiorâ ability to pay its claims. In fact, only nine of the 91 insurers we reviewed were rated so highly.

Can You Borrow Money From A No

You cannot borrow money from a no-exam term life insurance policy. These policies do not accumulate cash value.

  • $544 a year for $500,000 of coverage
  • $937 a year for $ million in coverage

Costs for no-exam life insurance vary depending on a variety of pricing factors, including your age, gender, health and lifestyle. Cost also depends on the type of underwriting used, such as accelerated underwriting vs. guaranteed issue.

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Nationwide Has High Coverage Amounts Happy Customers And Free Perks

No-medical-exam life insurance refers to any life insurance policy you can apply for without taking a medical exam. Instead of an exam, you answer health questions and the insurance company checks your medical and other records. You may also have a phone interview in some cases. It’s best suited for the healthiest applicants. But if you qualify, you can get a policy within a few days, or sometimes instantly online.


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