couple Chosing senior life insurance

No Medical Exam Life Insurance 2020 (Ultimate Guide)

A no medical exam life insurance is a policy that does not require you to take a medical checkup to qualify for the policy. no medical exam is an excellent Senior life insurance option, who are afraid of being rejected due to preexisting health conditions. Other than that, it is like any other life insurance plan. You pay your life insurance company premiums for the policy, and in return, the company pays your beneficiaries a death benefit when you pass away.

Since your insurance company is insuring you without knowing much about your health, no exam insurance policies cost a lot more than regular insurance policies. No exam policies also offer less coverage compared to other life insurance policies. Their death benefit is usually below $500,000, although some insurance providers now offer up to $1 million in coverage. The age limit for qualifying for a no exam insurance policy varies, but most insurance companies have a maximum age limit of 60 or 70 years.

What are the types of no medical exam life insurance?

Simplified issue life insurance

This insurance will ask you about your health history, weight, height, use of alcohol and drugs, etc. Simplified insurance offers a maximum of $500,000 in coverage in most cases. This amount is often not enough as it is recommended that you purchase a life insurance without medical exam plan that offers coverage that equals around 10 to 12 times your income. Insurance providers provide both term life insurance and whole life insurance policies with a simplified issue process.

Guaranteed Life Insurance no health questions

Guaranteed issue life insurance is a type of whole life insurance policy. This policy does not check your health records; instead, they have knockout questions. Guaranteed life insurance is expensive and usually offers coverage between $1,000 and $25,000 only. It is mostly designed for seniors between the ages of 50 and 85. It comes with a graded death benefit. This means that if you pass away during the first few years of the policy, your beneficiaries will not receive the full death benefit. This time period is mostly the first two or three years of the policy. Guaranteed life insurance is an excellent option for seniors who cannot qualify for any other insurance policy due to age or preexisting health problems.

Guaranteed life insurance is also an excellent option for seniors who want to ensure that their beneficiaries have enough money for their burial and funeral expenses.

Group Life Insurance

Life insurance policies offered by your employer counts as no exam policies as well as you don’t need to answer any questions or take any health exams. Most companies offer these policies as an added work benefit and pay all or most of the insurance premiums. The coverage offered by group life policies is usually around one or two times your annual salary and ends when you leave the company.

Accelerated Acceptance or Accelerated Underwriting

This insurance type has a speedy approval process. This term can apply to simplified issue policies, guaranteed insurance policies, and even regular standard life insurance policies. For standard life insurance policies, it means healthy people clients can get fast approval. It does not require a health exam, but you might need to answer questions on your lifestyle and health

types of no exm lie insuranceseniors

Term life insurance with no medical examination

While a no medical exam life insurance policy plan can be costlier and also could not constantly use optimal insurance coverage, you have a few plan choices that don’t demand a medical exam.

You’ll discover a couple of different options for terms, which are just the various life insurance policy policies that an insurance provider provides.

It is necessary to note that getting a plan that doesn’t call for a medical examination still calls for recent medical records as well as doesn’t always shorten the life insurance policy application process. If you want a faster turn-around time after you apply, you’ll need to get a strategy with sped up underwriting. An increased application likewise does not need a medical examination, however not everyone certifies and applications can be denied at random.

Likewise referred to as simplified issue life insurance policy, this type of insurance coverage allows you skip the medical exam in favor of a wellness questionnaire instead. The insurer will certainly additionally use your medical records to examine your health history.

But there’s a caveat: If a problem comes up in the health concerns or the medical check elevates a red flag, the insurance company can after that require you to take the test to obtain a more accurate assessment of your wellness.

No-exam life term insurance coverage is only for fairly low-risk individuals, and even then only for those that have moderate protection demands. It can additionally be a lot more pricey than a standard term plan relying on your health and wellness.

Here’s a take a look at what an ordinary 30-year-old man (nonsmoker) living in California would certainly pay for a 20-year no-exam policy versus a typical term policy with a test:

But also for somebody that desires a little insurance coverage amount and isn’t in tip-top health and wellness, you could really conserve by preventing the medical exam.

As an example, if the theoretical 30-year-old stated over were a cigarette smoker, here’s what the price contrast for a 20-year plan would certainly look like.

How No Medical Exam Term Life Insurance Works?

These are one of the most important things to know:

No medical examination — No examination means no blood or urine samples. And also no examiner visiting your home.

Limited Coverage— $1 Million is the maximum amount. But you can purchase more than one policy from various insurance providers.

There are age limits— Age limitations vary by company and amount. The optimum age ranges from 60 to 70.

It might set you back even more– Depending on your age, the coverage amount as well as other elements, you may pay much more for a no medical exam term life insurance policy. However not constantly. It’s worth the time to have a look. And keep in mind, with a no medical examination policy you’re paying for speed and convenience. You’ll need to determine just how much that’s worth to you.

You may not qualify— Some no medical exam term life insurance plans are tougher to get. Without the exam, the insurance provider has less info to go on. If you have certain health problems or history, the company might ask you to take a medical exam and even decline your application.

Advantages and disadvantages of Buying Term Life Insurance Without a Medical Exam

If you’re a terrific prospect for a no-exam term life plan, then the choice comes down to personal preference.


  • Instant application process.
  • Low cost (compared to products like whole life).
  • No medical exams.
  •  Get insurance online.


  • Stricter underwriting makes it harder to get.
  • The insurance coverage amount is limited.
  • It can cost more than typical term life.
  • Permanent life insurance without any medical exam

You can likewise get whole life insurance without taking a medical examination
Unlike term insurance policy, permanent life insurance policy policies do not expire; they last as long as you pay the costs.

Whole life insurance with no medical exam

No medical exam whole life insurance policy is generally used to cover the final expenses of your life, as coverage is entire life, as well as death benefits, are usually limited to a maximum of $25,000 or $50,000. This means your beneficiaries might get a large enough payment to cover your funeral, various other end-of-life expenses and clear some other debts. However, it’s not a big death benefit to cover a home mortgage or provide income replacement for a prolonged amount of time.

No Medical Exam Whole Life plans provide entire life protection for you and your loved ones. Just like a standard Whole Life plan, a portion of your premiums is set aside as financial savings as well as makes interests. This also builds Cash Value and also grows on a tax-deferred basis in time. Your premiums are fixed and are constant throughout life. The underwriting process is similar to a typical plan but, without the requirement for a medical examination. A phone interview is required, as well as depending on answers and the certain Insurance you’re applying for, medical records might still need to be requested as well as examined.

Key Points

  • No medical examination is required.
  • Policies are available to age 65.
  • Set premiums permanently.
  • Insurance coverage is normally limited to under $250,000.
  • Tax-deferred cash value.
  • Plan financing loans available against the current cash value.

No medical exam life insurance plans don’t call for the typical medical exam that a lot of insurance companies require to make you a deal.

The application procedure just requires the first phone interview, which will walk through your medical history and also financial condition. If you are eligible for a no medical exam life insurance plan after the phone meeting, you’ll get policy and will not have to take any kind of extra steps from signing your plan documents as well as paying your first costs.

Since the medical examination is used to figure out any type of current disease, no medical exam plans normally come at a greater expense than fully underwritten life insurance policy. By permitting you to skip the medical examination, the insurance provider is handling more threats when they haven’t fully examined your health. The added risk additionally suggests a typically low coverage amount– no-exam life insurance policy caps out at a death benefit of around $300,000.

Guarantee Issue Life Insurance with no medical exam policy

For seniors that wish to skip the medical exam, yet pose expensive of a threat to qualify for simplified issue life insurance policy, assured issue whole life insurance may be the best option.

As the name recommends, your application is essentially guaranteed to be approved as long as you are able to pay the premiums. However, the benefit amount is much smaller sized– usually just adequate to cover end-of-life expenses, which is why it’s sometimes called burial insurance policy or final expense life insurance.

Guaranteed issue life can be used for:

Burial as well as funeral service costs
Other end-of-life expenses
Medical bills
Arrearage like bank card expenses
You likewise generally need to be an older applicant to certify. As an example, AIG uses assured life insurance policy approximately $25,000 for people ages 50 to 85 years of ages, while Mutual of Omaha hides to $40,000 for those aged 45 to 85 years old.

There is no medical exam and also no questionnaire– if you can pay the costs, you can get coverage. These premiums are a lot higher than with other plans. Relying on the life insurance business, you might still certify even if you have a pre-existing problem.

For these reasons, guaranteed issue life insurance is thought about a last hope for senior citizens. There’s generally a much better selection in terms of cost and also insurance coverage, however, for candidates as well unhealthy or also old to qualify for one more type of insurance, it can give them that much-needed insurance coverage.

Do I need a no medical exam life insurance policy?

With most life insurance policies in United States, you take a medical exam, and its results are shared with your insurance provider. The insurance provider then decides to approve or reject you based on those results. Depending on the insurance provider, this process can take between 6 to 8 weeks. For some people, this is too long as they require instant coverage, it may be that they need to apply for a loan or require a policy for their divorce settlement, etc.

So if you require instant coverage or don’t want to stress about scheduling appointments, taking exams, or comparing policies to find the right one for your health, a no exam policy is perfect for you.

A no medical exam no waiting period policy is also an excellent option for you if you are denied coverage from other insurance providers due to poor health or certain health conditions.

A life insurance no exam policy may also work for you if you have a risky job or hobbies as many life insurance companies charge such people higher premiums. Read also life insurance FAQ’s.

What do no exam insurance policies require?

Most life insurance companies will require the following for you to qualify for a no exam policy.

  • A medical report that has a list of any medication you have been prescribed in the past 5 to 10 years
  • Motor Vehicle Department Report
  • MIB (Medical Insurance Bureau) file. This lets the insurance provider know if you had applied for insurance before and were rejected Financial history

How do I apply for a no exam insurance policy?

Applying for a no exam policy is pretty simple and easy. The approval time for this policy is shortened from weeks to days. The application process may vary depending on the insurance policy you are applying for. Ask your insurance provider for the application form.

For a simplified insurance policy, you may need to fill out a questionnaire on your health history and lifestyle. Some insurance providers may ask for a phone interview instead. A guaranteed life insurance plan will require a few questions in the application process. You can apply for group life insurance through your employer.

Can I be denied no medical exam life insurance?

You may not qualify for a no exam insurance policy if you have the following health problems.

  • Alcohol or drug abuse
  • Cancer
  • Heart, Live, or kidney disease
  • HIV
  • Neurological condition

What insurance companies offer no medical exam life insurance policies?

This section will list the life insurance companies offering no exam policies and brief elaborate them. For M-life insurance assistant talk to our agent.

American Amicable

american amicable

American National

Assurity Life Insurance Company

Assurity Life Insurance Company

Banner Life

Banner Life

John Hancock

John Hancock

Lincoln Financial Group

Lincoln Financial Group

Mutual of Omaha

Mutual of Omaha

Pacific Life

Pacific Life




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