No Exam Life Insurance at New York Life

Quick Summary: Unless you are looking for annually renewable term insurance, you can do better than New York Life for a no medical option. The application process is very easy and simple.The premiums are expensive and the coverage limits are low. 

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See our in-depth guide about life insurance without the medical exam. Compare more than 20 of the top companies and policies. Find out which is right for you today.

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About the Company

New York Life is one of the largest mutual life insurance companies in the United States. In business since 1845, it's one of the first names many people think of when life insurance comes to mind.

New York Life Insurance company no exam policy
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New York Life Insurance company no exam policy

It doesn't get much stronger from a financial standpoint when it comes to credit ratings. A++ from A.M. Best is absolute highest grade given and not many companies achieve it. Standard and Poor's gives New York Life at AA+ which is also excellent. 

The New York Life Foundation has provided over $240 million in charitable contributions since being founded in 1979.

Product offerings include convertible term life that is annually renewable as well as level-premium term policies. They also offer a range of whole life products, annuities, and long-term care insurance.

About the Policy

Product Name

Simplified Term Life Insurance


$10,000 to $100,000


30 to 74


Annually Renewable (ART) up to age 80

Product Name

Simplified Term Life Insurance


$10,000 to $100,000


30 to 74


Annually Renewable (ART) up to age 80

Underwriting Process

New York Life has a very simple application process for their no exam product including 3 questions and some electronic records checks.

What they will check:

  • Medical Information Bureau - past life insurance approvals and denials
  • MVR - Motor Vehicle Report - your driving history
  • Rx database - shows any prescription drugs

3 Questions:

A "NO" answer to any of the below questions is an automatic decline for no exam coverage. Most applicants can then choose if they wish to go through full underwriting.

  • 1
    In the past 2 years, have you had treatment or medication for or been diagnosed by a doctor as having heart trouble, stroke, cancer, lung disease, diabetes requiring insulin, drug or alcohol abuse, liver or kidney disease, AIDS, AIDS Related Complex or immune system disorder?
  • 2
    In the past 2 years, for any condition, have you been admitted to or confined in a hospital, nursing home, extended care or special treatment facility?
  • 3
    In the past 3 months, have you been advised by a doctor or had treatment, medication or diagnostic tests of any type? (Note: You are not required to report any HIV or negative AIDS tests.)

Decision Time

For a product that has digital underwriting and a simple application, New York Life is a little slow on the decisions compared to other companies. Approvals or denials can take over 2 weeks in many cases.


Exceptional ratings for financial strength on the company level.

Convertible to permanent insurance up to age 80.

Simple application - just 3 questions.

Issues new policies up to age 74.


Maximum death benefit of $100,000 is low.

High priced premium compared to other no exam companies.

Application decisions are not instant.

No riders available.

Extras and Options

New York Life does not offer riders or options on their simplified issue term life insurance product.

Included at no charge, this policy may be converted to permanent insurance up through the policy anniversary after the insureds 80th birthday. No proof of insurability is required at time of conversion.


New York Life's no medical exam offering does not have term lengths. You have the option to renew each year. The premium will be set based on age at the time of policy issue. Premiums will increase every 5 years according to the below schedule.

Sample No Medical Exam Rates - New York Life - Simplified Term Life Insurance


Life insurance premium chart for New York life no exam policy - Women's rates


New York Life insurance company no exam rate table for men

Tips for Finding the Best No Exam Life Insurance

Researching and contacting multiple companies is not something many people have time for. Not to mention the 10+ different sales people you'll have following up and pestering you!

but there is a better way...

Work with an independent agency that is:

  • Unbiased and not obligated to any particular life insurance company.
  • Has access to all the top no exam products as well as some niche products for certain people/situations.
  • Is a specialist in the no exam area.
using an independent life insurance agent to maximize pensions benefits through the addition of a life insurance policy

No Pressure. No Cost.

You're in luck:) 

We do all the above and more. If you'd like to have a no pressure talk about options, please contact us or fill out the quote request form on this site.


  • Ty Stewart

    Ty Stewart is a founder and contributor of He started researching and studying about life insurance when he got his first policy for his own family. He has been featured as a life insurance expert speaker at agent conventions and in top publications. As an independent licensed life insurance agent he has helped clients nationwide to secure affordable coverage while making the process simple. Stewart Ty
  • Bennett Bier

    I’m Bennett Bier, owner, author and fact checker of Simple Life Insure. I believe working with a small independent broker offers consumers more personal attention and superior customer service. As an independent agent licensed in all 50 states and the District of Columbia I have access to many of the top A+ rated life insurance carriers. This lets me locate a plan that you will qualify for while saving you money at the same time. Over the years I have mastered the art of underwriting, getting approvals even for my highest risk clients. I’m also likely the person that will answer the phone when you call. Bier Bennett