I'm Ty Stewart, founder of SimpleLifeInsure.com.  I'm an independent agent who works with clients nationwide to secure affordable life insurance and make the process simple and easy.  This article draws upon my years of experience working with clients, carriers, and underwriters.  My team and I focus solely on life insurance, and we have put over 9,000 policies in force.  Let us know if we can help.  There is never any cost or pressure when using our services.

Best No Exam Life Insurance Companies and Policies

Written by Ty Stewart - Last Updated November 14, 2018

When you set out to choose your life insurance plan, there are many factors you need to consider such as your budget, what kind of coverage you need, the kind of coverage you qualify for, etc...

This can all be hard enough to manage and calculate on your own.

Then when you throw the hundreds of life insurance companies into the mix and try to decide which one is best for you and your family, the decision making process gets even harder.

Sometimes, overwhelmingly so.

No exam life insurance policies are specialized policies that stand alone from traditional life insurance policies in that they do not require a full medical exam. 

Many people desire to skip the medical exam because they have a fear of needles, or going to the doctor. For others, they need coverage fast, and can't afford to wait the usual 2-3 month approval time for a traditional life insurance policy.

Lastly, some people may be afraid what their medical exam may uncover, or may already be living with a pre-existing health condition that may increase their life insurance rates substantially, or even disqualify them for traditional life insurance coverage altogether. 

For these reasons, no medical exam life insurance policies are offered by a number of highly reputable life insurance companies. These policies offer affordable life insurance coverage for people with health conditions, or for people who need coverage fast.

But which companies offer the best no medical exam life insurance policies?

 In this article, I outlined some of the best companies for no medical exam policies to help you find the coverage you and your family deserve, regardless of your health. 

Why People Choose No Exam Life Insurance 

People choose no exam life insurance for many reasons, some of them quite personal. There might be situations where personal health or habits are just not something an applicant wants to reveal. They might be frightened that they will be denied, or they just truly cannot afford to do anything but prepare for the worst. Alternatively, applicants may have tried to obtain other policies only to be rejected for them, leaving no other options.

Who is No Medical Exam Life Insurance Best For?

People with Health Conditions

People with a chronic and/or unmanaged health condition. If you have a serious health concern, like diabetes or cancer, it might not void your ability to take out life insurance at affordable rates, however that is only the case if the disease is managed. Otherwise, you won’t have any options but these.

People Who Can't Get Employer Life INsurance

Those who cannot get life insurance through their employer. If your company offers life insurance for a fee or as part of your benefits package, you might not be able to get affordable coverage, or your coverage might expire when you stop working there. As a result, your group policy might not cover you when you need it.

People Who Need Burial/Final Expense Coverage

People who need to cover burial expenses and any remaining, minor bills. If you can pay for other expenses like a mortgage through a brokerage account or savings account, then you don’t need this. But if you have no other money to put aside, this can help your beneficiaries cover an unexpected (and costly) bill.

People who Need Quick Life Insurance Coverage

For people who need life insurance in 24 hours or less, no exam life insurance is the way to go. While the premiums paid for each $1,000 is much higher than traditional life insurance coverage, for people who need coverage in order to use as collateral assignment for a loan, or before leaving the country on business, or perhaps even in order to be prepared for a divorce, this type of coverage is a great option.

How Did We Make Our List of Best No Exam Life Insurance Companies?

That said, we determined the best companies based on a handful of factors. These all contribute to an outstanding company in our eyes. Having just one or two good things is not enough when your life insurance is on the line. We looked at:

Financial Rating

The financial rating for a life insurance company is the cornerstone of their success. If they do not have good financial ratings then they may not be around long enough for you to get your death benefit. For that reason, we evaluated only those companies with a high rating, and a consistently high rating at that.

Customer Satisfaction

Customer satisfaction is important and for that reason, we evaluated which companies received high marks across the board for things like responsiveness, helpfulness, and general willingness to go above and beyond.

Life Insurance Rates

The companies listed here have some of the most favorable rates you will find for all of their policies. The rates will change based on the riders you add (if any), the coverage amount, and your age of course but these are still the top 10 companies for overall best rates in exchange for coverage.

No Exam Policy Options

Many of the companies on this list have various policies for no exam life insurance, including simplified issue and guaranteed issue. These also come in the form of whole versus term policies, giving you more options.

Our Top 10 Best No Exam Life Insurance Companies

Before we dive deep into the various no exam policies that each of these companies offer, let's first take a look at our top 10, and how they compare to one another in terms of financial ratings and customer satisfaction ratings. 

Company

A.M. Best Rating

Customer Satisfaction Rating

Foresters 

A

4.0 / 5

Phoenix Life 

B

3.5 / 5

Sagicor

A-

4.2 / 5

Fidelity 

A+

3.0 / 5

Gerber

A

4.0 / 5

Banner Life 

A+

5 / 5

Haven Life 

A++

4.5 / 5

Mutual of Omaha

A+

3.0 / 5

Americo

A

3.0 / 5

American National

A+

4.5 / 5

Keep in mind that all of these companies may not be the best for your specific coverage needs. This is why we always recommend working with an independent life insurance agent who can help you compare the best no exam life insurance policies from dozens of the best companies on the market. 

Our agents work independently of any one company to help our over 9,000+ clients find the best coverage for them and their families. Give us a call today to work with an expert, or get started using our online quoting engine to find the most affordable no exam life insurance rates today!

Without further adieu, let's dive into the best no exam companies and the different policy options they offer! 

Foresters life insurance with elevated cholesterol levels

Foresters

Foresters Financial's has very high ratings from financial institutions and they are very popular for their Plan Right Whole Life insurance policy which is a form of permanent coverage. They have one of the lowest premium rates schedules on the market but there are more requirements for you to meet in order to qualify.

Your Term 

Policy Name

Your Term

Coverage

$50,000 to $400,000

Issue Age

18 to 80

Term Length

10, 15, 20, 25, 30 years

Select Columns Layout

This term life insurance policy is a simplified issue policy, meaning that it is only available for people who qualify based on their answers to a few health related questions. 

These questions are mostly related to health conditions that determine risk such as: 

  • Alcohol Usage
  • Arthritis
  • Benign Prostate
  • Cyst, Lump, or Tumor
  • Diabetes
  • Digestive System Disorders
  • Drug and Substance Usage
  • Epilepsy and Seizure Disorder
  • Heart Murmur
  • High Blood Pressure/Hypertension
  • Kidney and Urinary Disorders
  • Lupus
  • Mental Health
  • Respiratory Disorders
  • Sleep Apnea/Sleep Disorder

Decision times for applicants who qualify for coverage, you can get accepted for coverage in as little as 15 minutes or less! 

With this policy, you either qualify for coverage or you do not, so it is worth an application either way. For those who do qualify, this is one of the best no exam term life policies on the market in terms of the coverage amount it offers and the speed of the approval time. 

It also offers quite a few helpful policy riders not offered in most other simplified issue term life policies.

Additional Policy Riders
Included Riders

The following riders are automatically included with the Your Term no exam policy offered by Foresters: 

  • Common Carrier Accidental Death Benefit Rider
  • Family Health Benefit Rider
  • Accelerated Death Benefit Rider
Additional Riders

The following riders are optional additions to the Your Term no exam policy offered by Foresters: 

  • Accidental Death Benefit Rider
  • Children's Term Rider
  • Disability Income Rider
  • Waiver of Premium Rider
Pros and Cons of Foresters No Exam Life Insurance 
Pros
  • Permanent plans available
  • Lowest premium rates schedules
  • Good customer service
  • Great policy riders included and extras offered
Cons
  • Slightly stricter qualifying requirements
  • Not the cheapest no exam life policy out there 
Phoenix life insurance company

Phoenix Life

Phoenix Life Insurance offers both simplified issue and guaranteed issue no exam life insurance policies. Both are convertible into permanent life insurance policies within specific time frames. One advantage to Phoenix life is that they offer a high death benefit on their guaranteed issue no exam policy. They also have very competitive pricing when compared to the competition. 

Safe Harbor Express

Policy Name

Safe Harbor  Express

Coverage

$25,000 to $500,000

Issue Age

18 to 80

Term Length

10, 15, 20, 30 years 

The Safe Harbor Express no exam policy is Phoenix Life's guaranteed issue policy. This policy is unique in the fact that it offers a minimum of $25,000 in coverage, which is lower than the industry standard $50,000 and also a $500,000 maximum death benefit which is higher than the industry standard $250,000 policy. 

One thing to be conscious of with this policy is the way that the face amount available changes with age. Each age group has a smaller face value available to them as they approach age 80. The way this scheduling works is like this: 

Age
Face Amount Available

18-50

$50,000 - $500,000

51-60

$50,000 - $400,000

61-70

$50,000 - $300,000

71-80

$50,000 - $150,000

These policies are able to be converted into permanent life insurance policies, depending on how far you are into your policy. Conversion for these policies works like this: 

  • 10 Year Term - Convertible for the first 5 years
  • 15 Year Term - Convertible for the first 7 years
  • 20 Year Term - Convertible for the first 10 years
  • 30 year Term - Convertible for the first 10 years

These policies also come with some very good additional policy rider options. 

Additional Policy Riders 
Included Riders

The following riders are automatically included with the Safe Harbor Express no exam policy offered by Phoenix Life: 

  • Accelerated Death Benefit Rider
  • Chronic Illness Rider
  • Terminal Illness Rider
  • Unemployment Rider
Optional Riders

The following riders are optional with the Safe Harbor Express no exam policy offered by Phoenix Life: 

  • Accidental Death Benefit
Pros and Cons of Phoenix Safe Harbor Express Life No Exam Life Insurance
Pros
  • Convertible into permanent life insurance
  • Affordable no exam life coverage
  • High coverage amounts 
  • Low minimum face value policies
Cons
  • May not be best for people who can qualify for simplified issue coverage 

Safe Harbor Low Band

Policy Name

Safe Harbor  Low Band

Coverage

$25,000 to $500,000

Issue Age

18 to 80

Term Length

10, 15, 20, 30 years 

This is Phoenix Life's simplified issue term life insurance plan. This policy is available to people who qualify. For the most part, this policy has the exact same terms and options as the Express Term policy offered by Phoenix Life. 

They offer two health classifications, Tobacco and Standard (non-tobacco). Smokers will pay more for life insurance coverage anywhere. Typically this is in the range of 2-5 times more. 

The main difference is that it is simplified coverage. People may not qualify if they have any of the following conditions: 

  • Cancer 
  • Stroke
  • Heart Problems
  • High Cholesterol 
  • Family History of Diseases 
  • Respiratory Diseases
  • Inflammatory Diseases
  • Other Terminal or Critical Illnesses

For this policy, you need to complete a phone interview where the agent will ask a few questions related to your health and medical history. These questions are the typical ones you can expect from any life insurance company related to certain conditions and medications. 

For this policy, the maximum face value you qualify for is based on the same age table as above, and it is also convertible into permanent life insurance coverage in the same time scale. 

Pros and Cons of Phoenix Safe Harbor Low Band Life No Exam Life Insurance
Pros
  • Easy application process with quick approval time
  • Low life insurance rates
  • Convertible into permanent life coverage 
Cons
  • Can be difficult for people with health conditions to qualify for
Sagicor term life insurance

Sagicor

Sagicor has proven itself to be one of the best places for no medical exam life insurance. You can purchase coverage amounts between $25,000 and $500,000 without having to undergo a medical exam. There are three underwriting classes which makes it a very simple process for approval.

Sage Term

Policy Name

Sage Term

Coverage

$50,000 to $1,000,000

Issue Age

18 to 65

Term Length

15, 20, 30 years 

This is Sagicor's simplified issue term life policy. No exam is required, but you will have to answer a few health related questions in order to qualify for coverage. Sagicor offers one of the highest face amount simplified issue no exam policies on the market, with up to $1,000,000 in coverage for those who qualify.

These policies are not able to be converted into permanent life coverage which is somewhat of a downside when compared to some other no exam policies out there. 

Premiums are level throughout the term of this policy, and death benefits are not graded. For those who are looking for quick life insurance coverage with no medical exam, this policy may be right for you. Approval times are usually as quick as 15 minutes for those who qualify, and a short phone call is sometimes required in order to get approved, but not always. 

Coverage on this policy is offered through age 95, after which the policy is converted into Annually Renewable Term (ART) life insurance. 

The coverage allowed under this policy also works on a scale relevant to the applicant's age, like this:

Your Heading Here
Your Heading Here

18 - 45

$50,000 - $1,000,000

46 - 55

$50,000 - $750,000

56 - 65

$50,000 - $500,000

Additional Policy Riders 

The Sage Term policy is also pretty unique for a simplified issue policy in the fact that it offers optional waiver of premium and children's term riders. 

Included Riders

The following riders are included with the Sage Term no exam policy offered by Sagicor: 

  • Accelerated Death Benefit Rider
Optional Riders

The following riders are optional with the Sage Term no exam policy offered by Sagicor: 

  • Accidental Death Benefit Rider
  • Children's Term Rider
  • Waiver of Premium Rider
Pros and Cons of Sagicor's Sage Term No Exam Policy
Pros
  • Up to $1,000,000 in coverage for those who qualify 
  • Good policy riders that are available 
  • Quick and easy approval process 
  • No exam term life insurance coverage through age 95
Cons
  • May be more difficult to qualify for than other simplified issue policies 
  • Not convertible to whole life coverage 

Sage Whole Life

Policy Name

Sage Whole Life

Coverage

$25,000 to $250,000

Issue Age

15 days - age 85

Term Length

Permanent coverage through age 100

This policy is Sagicor's whole life no exam policy. It offers simplified issue coverage and guaranteed coverage in 2 different "Bands".  

Band 2 is guaranteed issue coverage, which offers $25,000 to $99,999 in coverage.

Band 3 is simplified issue coverage which offers $100,000 to $250,000 in coverage for those who qualify. Qualification is pending based on your answers to a few health related questions in the online application, no phone call is required. These are the same questions you can expect from other insurers, and the same health issues will typically disqualify you from coverage. 

Coverage can be offered in as quick as 5 to 15 minutes through their eApplication process using their Accelewriting acclerated underwriting system. 

Policies are offered in level premiums throughout the life of the policy. 

Sagicor is also known for their ability to offer very competitive no exam life insurance rates to smokers and tobacco users.  

Additional Policy Riders
Included Riders
  • Accelerated Death Benefit Rider
Optional Riders
  • Accidental Death Benefit Rider
  • Children's Term Rider
  • Waiver of Premium Rider
Pros and Cons of Sagicor's Sage Whole Life No Exam Policy
Pros
  • Quick and easy online application process 
  • Quick approval times in as little as 15 minutes
  • Offers both simplified and guaranteed issue policies
  • Good additional riders offered 
  • Preferential ratings for smokers 
Cons
  • Additional riders are a bit expensive compared to the competition
Fidelity no exam insurance company logo

Fidelity

Fidelity Life insurance gives you some of the fastest decisions on the market. They have streamlined their online application process through a proprietary design that is called rapid decision policy. With this you get coverage as quickly as 48 hours and no longer. You can bypass medical exams and get various amounts of coverage contingent upon your age between $25,000 and $250,000.

RapidDecision Life 

Policy Name

RapidDecision Life

Coverage

$50,000 to $1,000,000

Issue Age

18-65

Term Length

10, 15, 20, 30 years

This is Fidelity's simplified issue term life insurance policy. This policy is known for its fast underwriting and issue time of 24-48 hours. 

Rates and coverage is based on two rating systems: nicotine and non-nicotine. Those with nicotine rating have less coverage available to them based on their age, though it is not much less in terms of face value.

The policies are offered based on 3 Tiers, with Tier 1 being the best health rating and Tier 3 being the worst. Those with health conditions will likely be disqualified for Tier 1, and those with severe health conditions will likely only qualify for Tier 3 or be denied coverage entirely. 

The various tiers come with different face amount values that are available as well, with Tier 3 only able to receive a maximum of $500,000 in coverage rather than the $1,000,000 available to Tier 1. For more information on the Tier system with the Fidelity RapidDecision Life policy, talk to a representative today who can help you find the best no exam life insurance coverage for your needs and discuss your options with you. 

One thing to be conscious of with Fideility's RapidDecision coverage is that it is much stricter for people with health conditions than other no exam policies on the market. For people who have serious conditions, this is not the best no exam policy for you. For those looking to bypass a medical exam and get quick coverage who are in good health, this is a great option. 

All of Fidelity's simplified issue term no exam policies provide coverage through age 95 with level benefits and premiums. 

Additional Policy Riders 
Included Riders
  • Accidental Death Benefit Rider 
Pros and Cons of Fidelity's RapidDecision Life No Exam Policy
Pros
  • High coverage amounts
  • Very fast acceptance time
  • Competitive rates
  • Tiered structure for different health classes
Cons
  • Can be hard to qualify for with health conditions
  • Does not have a lot of riders offered 

RapidDecision Express

Policy Name

RapidDecision Express

Coverage

$25,000 to $250,000

Issue Age

18-65

Term Length

10, 15, 20, 30 years

This is another simplified issue life insurance policy offered by Fidelity which is meant to be the fastest approval time product that they have. With approval times taking less than 24 hours and often being as fast as 15 minutes. 

Applicants simply have to answer a few health related questions in a phone interview to be approved. 

Coverage under this policy is offered with level premiums and level death benefits, with coverage that lasts through age 94, after which, the policy is converted to ART. 

One interesting facet that sets this policy apart from a lot of other simplified issue life insurance policies is that it offers a dependent child rider which offers additional death benefits which can be received by children of the insured if they are to pass away during the term of their coverage.

Additional Policy Riders
Optional Policy Riders
  • Dependent Child Rider
  • Accidental Death Benefit Rider
Pros and Cons of Fidelity's RapidDecision Express No Exam Policy
Pros
  • Quick approval time 
  • High face amount policies available 
  • Decent riders offered  
Cons
  • Can still be hard for people to qualify for depending on their health

RapidDecision Senior Life Term

Policy Name

RapidDecision Senior Life Term

Coverage

$10,000 to $150,000

Issue Age

50-70

Term Length

10, 20, 30 years

This is Fidelity's simplified issue policy which is catered specifically towards seniors. People age 50-70 qualify for this coverage, which can be up to $150,000 in face amount. 

This is a term life insurance policy with no exam necessary. The premiums are level as well as the benefits. 

The face amount which is available to applicants depends on their age range. The way it works is like this: 

Term
Age
Face Value 

10 Year

50-55

56-65

66-70

$10,000 - $150,000

$10,000 - $100,000

$10,000 - $50,000

20 Year

50-55

56-65

$10,000 - $150,000

$10,000 - $100,000

30 Year

50-55

56-60

$10,000 - $150,000

$10,000 - $100,000

These policies are also offered through age 95, after which, they become ART policies.

Additional Policy Riders
Optional Riders
  • Accelerated Death Benefit Rider 
Pros and Cons of Fidelity's RapidDecision Senior Life Term No Exam Policy
Pros
  • Quick approval process
  • No exam term life insurance for seniors 
Cons
  • Not a lot of riders offered 
  • Smaller face amount policies than some other simplified issue policies 

RapidDecision Senior Life Whole Life 

Policy Name

RapidDecision Senior Whole Life

Coverage

$10,000 to $150,000

Issue Age

50-85

Term Length

Permanent life coverage through age 121

This is Fidelity's no exam permanent life insurance solution for seniors. It accumulates cash value over time at a specified rate. 

Insured's are covered through age 121 with this policy, and premiums as well as death benefits are level throughout the life of the policy. 

Coverage is available to people who qualify, subject to a few health related questions, like all other simplified issue policies. 

The coverage amount for this no medical exam life insurance policy is also based on the applicant's age. The maximum amount of coverage available to an applicant works like this:

Age
Face Value

50-55

$10,000 - $150,000

56-65

$10,000 - $100,000

66-75

$10,000 - $50,000

76-85

$10,000 - $25,000

Additional Policy Riders
Optional Riders
  • Accelerated Death Benefit Rider
Pros and Cons of Fidelity's RapidDecision Senior Whole Life No Exam Policy
Pros
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Cons
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RapidDecision Guaranteed Issue

Policy Name

RapidDecision Guaranteed Issue

Coverage

$5,000 to $20,000

Issue Age

50-85

Term Length

Permanent life coverage through age 121

This is the guaranteed issue no medical exam life insurance policy offered by Fidelity. It is available to anyone, with acceptance times as quick as 15 minutes, but can take up to 24-48 hours. 

This policy offers permanent life insurance coverage through age 121. For people who have health conditions and who do not qualify for traditional coverage, this is a good option for you. However, it does not offer the most competitive rates on the market, and also does not have the highest amount of face value available. 

Those who are looking for guaranteed coverage with no exam should look elsewhere. 

Additional Policy Riders
Included Riders
  • Accelerated Death Benefit
Pros and Cons of Fidelity's RapidDecision Guaranteed Issue No Exam Policy
Pros
  • Quick guaranteed issue coverage 
  • Permanent life coverage through age 121
Cons
  • Not the best coverage on the market in terms of cost
  • Low maximum face amount 
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gerber life insurance review

Gerber

Gerber Life insurance earns very high ratings from third-party agencies on a consistent basis. They have term and whole plans that require no medical exam and offer up to $150,000 for the simplified issue plans but if you can't get approval for that you can also get to guaranteed-issue plans.Their no exam life insurance policies are made for people in various age groups from young to old.

Gerber Grow-Up Plan 

Policy Name

Gerber Grow-Up Plan

Coverage

$5,000 to $50,000

Issue Age

14 days - 14 years

Term Length

Permanent coverage through age 121

Gerber is best known for their life insurance and other insurance options offered to children and young adults. They are one of the best life insurance companies for no exam life insurance for children on the market. 

This product is offered to children between the ages of 14 days old and 14 years old. It is a permanent life insurance policy that becomes the child's own once they reach the age of 18 years old. At this age, the coverage amount also doubles while premiums remain the same. 

Premiums for this policy are very cheap, usually in the single digits of dollars per month, making it a very affordable policy for young adults, even once the policy switches to their control.

This policy is designed to accumulate cash value over time, which makes it a great tool for helping children to build savings from a young age which can be used for college tuition or other early life expenses when they reach adulthood. 

Because children are so healthy and this is a guaranteed acceptance policy, coverage can be obtained almost instantly for applicants, and they can have no medical exam life insurance coverage in as little as 24-48 hours. 

Additional Policy Riders

This policy offers no additional riders. 

Pros and Cons of Gerber's Grow-Up Plan Guaranteed Issue No Exam Policy
Pros
  • Insurance remains in place once the child becomes an adult
  • Coverage is doubled once they reach age 18 with no additional cost
  • One of the most affordable and high coverage no exam policies for children
Cons
  • You could potentially find children's coverage through a rider on an adult policy for yourself

Gerber Young Adult Plan

Policy Name

Gerber Young Adult Plan

Coverage

$25,000 to $150,000

Issue Age

15 - 17

Term Length

Permanent coverage through age 121

This is another great no exam life insurance plan for children offered by Gerber. For people ages 15-17 this is one of the best options on the market in terms of coverage available and pricing. 

This policy has level premiums and level death benefits just as the Grow-Up Plan. However, it does not double in coverage when the child reaches age 18. 

Other than this, and the fact that the minimum coverage amount is $25,000 and the maximum is $150,000, this no exam policy is almost identical to the Grow-Up Plan that Gerber offers. 

This is a permanent life insurance plan that remains in place once the child reaches the age of 18.

Additional Policy Riders

There are no additional riders offered with this policy. 

Pros and Cons of Gerber's Grow-Up Plan Guaranteed Issue No Exam Policy
Pros
  • Affordable life insurance coverage for young adults age 15-17
  • One of the best no exam policies on the market for young adults 
  • High face value policies for young adults 
Cons
  • No policy riders offered
  • You could always purchase a child term rider through your existing coverage, though it may not offer as much coverage

No Exam Whole Life

Policy Name

No Exam Whole Life

Coverage

$25,000 to $150,000

Issue Age

18-50

Term Length

Permanent life coverage through age 121

This policy offers simplified issue coverage through age 121. This coverage offers level death benefits and level premiums throughout the life of the policy. 

This policy offers fairly competitive no exam coverage for people who are between the ages of 18 and 50. 

While some policies are designed for people of older ages, Gerber is best known for their coverage of young adults and children when it comes to their life insurance options.

Additional Policy Riders
Included Riders
  • Accelerated Death Benefit
  • Children's Term Rider
Pros and Cons of Gerber's No Exam Whole Life Policy 
Pros
  • Gerber has great no exam whole life insurance options with competitive pricing 
  • Quick approval time 
  • Great options for helping out your family in the process 
Cons
  • Hard to find information on them and their policies on the internet 
  • Can have limited coverage for people with health conditions 
  • Not the best rider options

Guaranteed Acceptance Life Policy

Policy Name

Guaranteed Acceptance

Coverage

$5,000 to $25,000

Issue Age

50-80

Term Length

Permanent life coverage through age 121

This guaranteed acceptance life insurance policy offered by Gerber is a fairly competitively priced policy which offers guaranteed coverage to people between the ages of 50-80 years old. 

While this coverage is fast and easy to obtain, usually only requiring a phone call or online application, with no medical exam and no health questions, there are better guaranteed acceptance options on the market in terms of coverage available and premiums. 

This is not where Gerber shines. They are best known for their life insurance coverage for children and young adults. 

Gerber's guaranteed acceptance policy is offered with a graded death benefit, meaning that the death benefit is not paid out in full until a certain time period has elapsed once the policy is in place. This time period is 2 years, which is standard for a guaranteed issue policy. During this 2 year period, only a portion of the death benefit is paid out.

Additional Policy Riders
Included Riders
  • Accelerated Death Benefit Rider
Optional Riders
  • Child Term Rider
Pros and Cons of Gerber's Guaranteed Acceptance Life Policy 
Pros
  • Fast approval no exam life insurance
  • Child term rider offered 
  • Permanent guaranteed coverage through age 121
Cons
  • Not the most affordable offering on the market
  • Other policies have higher face amounts for guaranteed coverage 
Banner Life Insurance Company

Banner Life

Banner life insurance has the largest face value for no medical exam coverage on the market. They offer several types of insurance, but the no medical exam insurance is only available for applicants between the ages of 20 and 50.

This is not guaranteed to be no exam. Certain people will qualify to skip the exam and others will have to go through full underwriting.

APPcelerate Term

Policy Name

APPcelerate Term

Coverage

$100,000 to $500,000

Issue Age

20-50

Term Length

10, 15, 20, 30 year terms

Banner Life offers one of the highest face value simplified issue life insurance policies on the market for people ages 20-50 years old.

Banner Life is best known for their ability to secure some of the lowest life insurance rates on the market for people in various health classes. They are able to do this through their superior underwriting methods. 

This policy is likely not best for people who have pre-existing health conditions that are very risky such as cancer, HIV, meningitis, or other critical or terminal illnesses. However, for people with minor health issues such as high blood pressure or heart rate, this is one of the best options for no exam life insurance coverage. 

This coverage is not available to people who are active smokers of tobacco or marijuana, and also disqualifies people who have a history of DUI/DWI from receiving coverage. Certain people with risky professions may also be denied coverage or have an additional premium attached to their monthly rates.

Applicants can fill out the online application quickly and easily and then are subject to a phone call interview with an agent in order to answer a few health related questions in order to qualify for coverage. 

Additional Policy Riders
Optional Riders
  • Additional Term Rider
  • Waiver of Premium Rider
Pros and Cons of Banner Life's APPcelerate Term Life Policy 
Pros
  • Affordable no exam coverage for people age 20-50
  • Quick and easy application process
  • Additional coverage can be purchased through riders
  • Some of the cheapest no medical exam life insurance on the market
Cons
  • You may not qualify for coverage with certain high risk health conditions

LifeStep UL - Guaranteed Universal Life Insurance

Policy Name

Lifestep UL

Coverage

$50,000 to $2,000,000

Issue Age

20-85

Term Length

Permanent life coverage through age 121

Banner Life is best known for their Universal Life insurance options. Universal Life policies are permanent life policies with a bit of a twist from the traditional whole life policy. The premiums can vary based on what you can afford at the period in time. 

Any additional premiums paid into your policy work towards the cash value accumulation of your policy. When you do not have the funds to pay premiums, you can use your cash value to pay for them as long as the balance of your cash value is positive. 

This policy is available to a very old age compared to most other permanent life insurance policies on the market. This no exam policy is also simplified issue, and you can be denied coverage for many of the same conditions as described in the APPcelerate policy. 

Coverage goes through age 121. Cash value in this policy can be accumulated through various methods including index funds, portfolios, and investment funds, depending on your preference. A guaranteed minimum cash value accumulation of 2% is put in place to keep policyholders safe from down swings in the market and poor investment choices. 

Banner Life's LifeStep UL policy is one of the highest face value no exam life insurance policies on the market, with a maximum policy size of $2,000,000. This is a great policy for people who are in fairly good health and who have a need for permanent life coverage, who want to gain some interest with their premiums. 

This policy also allows you to prepay in advance when you first take out the policy. This allows you to pay up your premiums for the life of the policy early so that you only have to pay them up to a certain age, which can be helpful in the long run for both cash value accumulation and savings on premiums. 

Additional Policy Riders
Included Riders
  • Accelerated Death Benefit
  • Short Pay Guarantee
Pros and Cons of Banner Life's APPcelerate Term Life Policy 
Pros
  • Very cheap no medical exam life insurance rates 
  • Coverage that lasts through age 121
  • Permanent no exam coverage available through age 85
  • High policy face amounts available
  • Guaranteed cash value accumulation 
  • Ability to change your policy premiums as needed
Cons 
  • Not a lot of policy riders available 
haven life insurance review

Haven Life

Haven Life Insurance offers plans that are underwritten by MassMutual because they are a subsidiary. There are algorithms that allow people to obtain insurance online entirely. Contingent upon age and health, there is the opportunity to get up to 1 million dollars in coverage without a medical exam.

Haven Life is best known for their affordable life insurance coverage for people in almost all health classes, even those who are smokers and diabetics. They have some of the most affordable life insurance rates on the market, even when it comes to no exam policies. 

Qualifying may be more difficult than other companies though.

InstantDecision

Policy Name

InstantDecision

Coverage

$100,000 to $2,000,000

Issue Age

20-85

Term Length

10, 15, 20, 30 year terms

This is Haven Life's "Do It Yourself" life insurance policy, meaning that from application through approval, you do not have to interact with a single person. Simply apply online, and receive same day approval or denial. From there, your coverage is available immediately! No waiting period, no exam, nothing!

This is a simplified issue life insurance policy that is available for people in Good, Average, or Preferred Health. Most health conditions that are critical and terminal disqualify you for this type of coverage, but for the most part, you will qualify for coverage with low risk health complications like diabetes and high blood pressure. 

This policy is unique for two reasons:

  • It offers up to $2,000,000 of life insurance coverage with absolutely no medical exam 
  • It does not require you to talk to an agent over the phone

Another few things that separate this no medical exam life insurance policy from the pack are:

  • Haven Life offers a Free Look Period - This is a 10 day period which you can secure coverage, and choose to get rid of the policy without having to pay a dime for the coverage you received. This allows you to shop around for more coverage during the first 10 days if you so choose, though you will not likely find much better rates for the coverage you get. 
  • Haven Life offers an included Waiver of Premium Rider - This is not something often offered with no exam policies. Usually this must be purchased for an additional fee, which can make premiums far more expensive. 

On top of this, these policies have notoriously low premiums, and on top of that, they offer some pretty good additional riders that can help boost your coverage. 

Lastly, this coverage is not convertible into permanent life coverage because Haven Life does not offer this type of life coverage in traditional policies. 

Additional Policy Riders
Included Riders
  • Accelerated Death Benefit Rider
  • Waiver of Premium Rider
  • Free Look Period
Pros and Cons of Haven Life's InstantDecision Term Life Policy 
Pros
  • Affordable no medical exam term life insurance 
  • High face amount policies 
  • Easy DIY life insurance application process
  • Free look period of 10 days 
  • Instant life insurance approval
  • Waiver of premium rider included 
Cons 
  • Some applicants may not qualify as it is simplified issue 
Mutual Of Omaha logo

Mutual of Omaha

Mutual of Omaha Life insurance offers a variety of no medical exam plans with rates that are favorable. You don't have to take a medical exam to apply for whole or term life insurance policy. Their coverage amounts go up to $400,000.

Term Life Express

Policy Name

Term Life Express

Coverage

$25,000 to $400,000

Issue Age

18-65

Term Length

15, 20, 30 year terms

Mutual of Omaha is one of the oldest names in life insurance. They have a multitude of policy options. This simplified issue term life policy is offered for applicants age 18 through 65, with up to a $400,000 face value.

Compared to some others on this list, this policy is a bit slow when it comes to approval time, but applicants are still able to secure no exam life insurance in a week or less on most occasions. 

To qualify for this policy, you will need to answer a few health related questions and also submit to a few basic background checks like with any other simplified issue policies. This policy may not be the best for people with pre-existing health conditions, as the lowest health rating they allow for applicants without a medical exam is Standard. 

Compared to some other policies on the market, this policy is a bit expensive, however it does come with quite a few riders that most other policies do not include. Mutual of Omaha's Term Life Express policy also offers the ability to be converted into permanent life insurance through age 70, which makes it unique. 

Additional Policy Riders
Included Riders
  • Accelerated Death Benefit Rider
  • Waiver of Premium for Unemployment Protection
  • Residential Damage Rider
Optional Riders
  • Disability Income Rider
Pros and Cons of Mutual of Omaha's Term Life Express No Exam Policy 
Pros
  • Convertible into permanent life insurance through age 70
  • Includes 3 policy riders for no additional fees
  • Coverage up to $400,000
Cons
  • Can take up to a week to secure no medical exam life insurance coverage 
  • Is a bit more expensive than some other policies
  • Lowest health rating allowed without medical exam is Standard 
  • People with some pre-existing health conditions may not qualify

Simplified Term

Policy Name

Simplified Term

Coverage

$25,000 to $100,000

Issue Age

30-74

Term Length

15, 20, 30 year terms

This simplified issue term life insurance policy offered by Mutual of Omaha offers protection to those below the Standard health class through age 80. 

This policy has a lower threshold for health conditions and offers coverage to people at a lower face value, with a maximum face amount of $100,000 in no exam coverage. 

Again, Mutual of Omaha is not as quick when it comes to life insurance approval times as some of the other companies on this list, and approval can take up to a week or more depending on your situation. 

Applicants must still answer health related questions to qualify for coverage and can be disqualified based on their answers. 

Additional Policy Riders
Included Riders
  • Accelerated Death Benefit Rider
Optional Riders
  • Terminal Illness Rider
Pros and Cons of Mutual of Omaha's Simplified Issue Term Life Policy 
Pros
  • Includes a few optional riders
  • Allows people below Standard health rating to get no exam life insurance 
  • Available no exam term coverage through age 80
Cons
  • A bit slow when compared to other approval processes 
  • Small face amount offered 

Living Promise Level Benefit Final Expense

Policy Name

Living Promise Level Benefit Final Expense

Coverage

$5,000 to $40,000

Issue Age

45-85

Term Length

Permanent life coverage through age 121

Mutual of Omaha's Living Promise Level Benefit Final Expense no exam policy is simplified issue life insurance. There are a few health related questions, but these are only in order to determine rates, you cannot be denied coverage. 

This policy is specifically designed to cover final expenses (funeral and death related expenses). It offers a level benefit, meaning that it there is no graded death benefit period and the entirety of your death benefit is available right away after your death. 

Approval times are fast, and this is one of the more affordable final expense life insurance policies on the market, though there are cheaper options. There is no cash value accumulation, but a few riders are offered with the policy. 

Additional Policy Riders
Included Riders
  • Accelerated Death Benefit Rider 
Pros and Cons of Mutual of Omaha's Simplified Issue Term Life Policy 
Pros
  • Permanent life insurance through age 121
  • Affordable no exam life insurance coverage
  • Level benefit and level premiums 
Cons
  • Can only be used for final expenses 
  • Low face amount 
  • No cash value accumulation

Living Promise Graded Benefit Final Expense

Policy Name

Living Promise Graded Benefit Final Expense

Coverage

$2,000 to $20,000

Issue Age

45-80

Term Length

Permanent life coverage through age 121

This Living Promise Graded Benefit Final Expense policy offered by Mutual of Omaha is a guaranteed issue policy, meaning it has no medical exam and no health questions. Approval is nearly instant, and most people are approved in less than 24 hours. 

This policy is also a Final Expense policy, meant to pay for death related expenses upon the death of the insured.

As the name implies, this policy has a graded death benefit of 2 years. If the insured dies within 2 years of the policy being issued, the beneficiary will receive all premiums paid into the policy plus 10% interest. After this period is over, the beneficiary will receive the full death benefit. 

Additional Policy Riders

This policy has no additional riders available. 

Pros and Cons of Mutual of Omaha's Living Promise Graded Benefit Final Expense Plan
Pros
  • Instant approval and coverage 
  • No exam, no health related questions 
  • Permanent life insurance through age 121
  • You can get coverage through age 80
Cons
  • Graded death benefit
  • Small face amounts only 

Guaranteed Whole Life Insurance 

Policy Name

Guaranteed Whole Life

Coverage

$2,000 to $25,000

Issue Age

45-85

Term Length

Permanent life coverage through age 121

This policy is similar to Mutual of Omaha's Final Expense policies, except for the fact that the death benefit does not specifically have to be used to pay for final expenses. 

As the name implies, this policy is guaranteed issue, and has no health related questions and no exam. The main objective of this policy is affordable guaranteed life insurance coverage for seniors. For people who have other options available, this policy is not recommended.

This policy also has a graded death benefit of two years, which works the same way as Mutual of Omaha's Graded Benefit Final Expense Policy.

This policy also offers small amounts of cash value accumulation which is fairly unique among guaranteed issue no exam policies.

Additional Policy Riders

This policy offers no additional policy riders.

Pros and Cons of Mutual of Omaha's Guaranteed Whole Life No Exam Policy
Pros
  • Guaranteed issue coverage for seniors 
  • Permanent life insurance through age 121
  • Quick approval and issue time
  • Affordable guaranteed issue life insurance
  • Cash value accumulation
Pros
  • Graded death benefit
  • Low face amount policies
Americo life insurance company

Americo Life Insurance Compay

Americo

Americo Life Insurance offers term life coverage and they are one of the few companies to provide an accidental death benefit or a premium refund option. Their underwriting process is very fast, and they are known for their affordable no exam life insurance rates, having some of the best rates on the market.

Eagle Premier

Policy Name

Eagle Premier

Coverage

$25,000 to $400,000

Issue Age

18-65

Term Length

15, 20, 25, 30 year terms

Americo's Eagle Premier series offers simplified issue term life insurance to people ages 18-65. The policy is fairly unique in the fact that it is one of the few no exam policies to offer return of premium to the insured for no additional cost. 

Approval times for this policy are quick, in as little as 48 hours or less. People who are in Standard health are accepted, and many people with mild health conditions fit in this category. 

Additional Policy Riders
Included Riders
  • Accelerated Death Benefit
  • Return of Premium Rider
Optional Riders
  • Terminal Illness Rider
  • Chronic Illness Rider
  • Critical Illness Rider
  • Child Term Rider
  • Disability Income
  • Waiver of Premium
Pros and Cons of Americo's Eagle Premier No Exam Policy
Pros 
  • Affordable no exam life insurance 
  • High face amount policies
  • Includes Return of Premium Rider and ADB 
  • Wide selection of policy riders 
  • Quick approval time within 48 hours or less
Cons
  • Some people with severe health conditions may not qualify for coverage 

Ultra Protector Guaranteed Issue

Policy Name

Ultra Protector Guaranteed Issue

Coverage

$3,000 to $30,000

Issue Age

50-85

Term Length

Permanent life coverage through age 121

Americo's Ultra Protector Guaranteed Issue policies come in 3 different parts, I, II, and III. Based on the health rating of the applicant, they fit into one of these 3 categories, and their coverage may vary. 

Each of these policies are guaranteed issue, as the name implies. This is life insurance with no health questions and no medical exam. 

The differences between the 3 plans works like this: 

Policy
Age 
Face Amount

Ultra Protector I

50-80

$2,000 - $30,000

Ultra Protector II

50-80

$2,000 - $30,000

Ultra Protector III

50-75

$2,000 - $10,000

Ultra Protector I and II are both guaranteed issue plans that offer a level death benefit, which is fairly unique, and Ultra Protector III is a guaranteed issue plan that offers a 3 year graded death benefit. 

For most people, these plans are not recommended because of the low face amounts and the three year graded death benefit. However, the simplified issue plans are worth looking into for those who qualify. 

Additional Policy Riders
Optional Riders
  • Additional Insured
  • Children's Term Rider
  • Disability Income Rider
  • Income Term Rider
  • Waiver of Premium Rider
Pros and Cons of Americo's Ultra Protector Guaranteed Issue No Exam Policies
Pros
  • Lots of riders available 
  • Quick approval time 
  • Affordable guaranteed issue no exam life insurance 
  • Permanent life coverage through age 121
  • Guaranteed issue life insurance with a level death benefit (Ultra Protector I and II) 
Cons
  • Low face amount policies
  • Ultra Protector III not recommended for people with other options 
American National life insurance company

American National (ANICO)

Freedom Term Life

Policy Name

Freedom Term Life 

Coverage

$50,000 to $250,000

Issue Age

18-65

Term Length

10, 20, 30 year terms

This is one of the best no exam life insurance policies on the market. It is a simplified issue policy with a few health related questions needed to be approved. 

The Freedom Term Life policies have very quick approval times, usually within 48 hours or less, and coverage is offered as ART through age 95. 

For those who qualify, this policy is one of the cheapest no exam life insurance policies out there, and it also offers some very good riders with it. 

Additional Policy Riders
Optional Riders
  • Accelerated Death Benefit Rider
  • Terminal Illness Rider
  • Chronic Illness Rider
  • Paid Up Additions Rider
  • Child Term Rider
  • Waiver of Premium Rider
Pros and Cons of American National's Freedom Term Life No Exam Policy
Pros
  • Affordable simplified issue no exam life insurance 
  • Great riders available
  • High face amount policies
  • Coverage through age 95 
  • Can purchase additional coverage with the Paid Up Additions Rider
Cons
  • Not able to be converted into permanent life insurance
  • Some people with critical or terminal illnesses may not qualify for coverage

ValueGuard Whole Life

Policy Name

ValueGuard Whole Life

Coverage

$50,000 to $150,000

Issue Age

18-65

Term Length

Permanent life coverage through age 121

ValueGuard Whole Life is American National's simplified issue whole life insurance policy. A few health related questions must be answered to obtain coverage.

Face amounts are a bit low when compared with other whole life no exam policies on the market, but their rates are also substantially lower than most competitors. For those who need higher face amount policies, this is not the best option, but for those who need coverage under $150,000, this is one of the best no exam life insurance policies out there. 

ANICO is known best for their no exam coverage, and their whole life policy is just one of many that they offer. Approval time can be as fast as 15 minutes for most applicants, which makes it one of the fastest no medical exam policies on the market. 

Additional Policy Riders
Optional Riders
  • Accelerated Death Benefit Rider
  • Terminal Illness Rider
  • Chronic Illness Rider
  • Paid Up Additions Rider
  • Child Term Rider
  • Waiver of Premium Rider
Pros and Cons of American National's ValueGuard Whole Life No Exam Policy
Pros
  • Very fast approval times 
  • Whole life no exam coverage 
  • Lots of policy riders available 
  • Affordable no exam whole life coverage
Cons
  • Smaller face amount policy 
  • Some applicants may not qualify for coverage

Legacy Whole Life

Policy Name

Legacy Whole Life

Coverage

$5,000 to $25,000

Issue Age

50-80

Term Length

Permanent life coverage through age 121

American National's Legacy Whole Life policy is their guaranteed issue whole life policy. There are no medical exams and no health related questions in order to qualify for coverage, simply apply and receive coverage almost instantly.

The application process can take as little as 15 minutes. This policy is aimed towards seniors who have few whole life insurance options available to them. Legacy Whole Life is not recommended for people who can qualify for higher coverage amounts which will have lower premiums per $1,000 of coverage. 

American National's guaranteed issue whole life no exam policy is one of the most affordable on the market when it comes to premiums. Their underwriting allows them to obtain superior ratings for people in high risk classes, which allows them to pass on lower life insurance rates to them. 

Additional Policy Riders
Optional Riders
  • Accelerated Death Benefit Rider
  • Terminal Illness Rider
  • Chronic Illness Rider
  • Paid Up Additions Rider
  • Child Term Rider
  • Waiver of Premium Rider
Pros and Cons of American National's Legacy Whole Life No Exam Policy
Pros
  • Policy riders available are very good
  • Guaranteed whole life coverage 
  • Affordable no exam life insurance for seniors 
  • Fast approval times - 15 minutes or less
Cons
  • Low face amount policy
  • Not recommended for people who qualify for better coverage

Signature Guaranteed Universal Life

Policy Name

Signature Guaranteed Universal Life

Coverage

$25,000 to $1,000,000

Issue Age

18-80

Term Length

Permanent life coverage through age 95 or 121

The Signature Guaranteed Universal Life policy offered by American National may be the single best permanent no exam life insurance policy on the market. 

Not only does it offer up to $2,000,000 of coverage to people ages 18-64, and $1,000,000 to people ages 65-80, but it also offers coverage through age 121. On top of this, this no exam life insurance policy offers simplified issue coverage which builds cash value over time. 

As with other Universal Life Insurance policies, this policy accumulates cash value through various investment vehicles. With an average annual return of 9-14%, and a floor of 0%, there is no risk, and a pretty high upside. 

Also, ANICO's Signature Guaranteed Universal Life insurance policy offers a large selection of riders, and one of the widest age ranges of any simplified issue policy on the market. The death benefit is guaranteed, and premiums may be changed as needed throughout the life of the policy, using cash value to cover ones you cannot pay, and any additional premiums you pay in serve to improve your cash value balance. 

Lastly, this policy includes a unique Guaranteed Cash Out Rider, which allows you to cash out the full premiums paid into your policy on the 10th, 15th, and 25th anniversary of your policy. This is available for people ages 18-70. The policy also offers the option to obtain life insurance coverage for your children or grandchildren who are age 15 days through 18 years of age. 

Additional Policy Riders
Optional Riders
  • Accidental Death Benefit Rider
  • Guaranteed Cash Out Rider
  • Children's Term Rider
  • Terminal Illness Rider
  • Chronic & Critical Illness Rider
  • Disability Waiver of Stipulated Premium
Pros and Cons of American National's Signature Guaranteed Universal Life No Exam Policy
Pros
  • Cash value accumulation
  • Up to $2,000,000 in no exam life insurance coverage
  • A lot of riders available 
  • Ability to cash out your policy at certain times for return of all premiums paid in
  • Ability to take out children's life insurance with no exam
  • Very affordable no exam life insurance 
  • Wide age range 
  • Permanent no exam life insurance coverage through age 121
Cons
  • May not be available for people with high risk health complications

Which No Exam Life Insurance Company is Best for Me?

When you set about finding the best insurance company for you, take into consideration how quickly you need coverage. 

If you need it today, for legal purposes, then a company with a faster underwriting process will be better but comparatively, if you are just looking for the best possible deal for your age or coverage amounts high enough to cover your remaining bills then those will be the most important characteristics. 

using an independent life insurance agent to maximize pensions benefits through the addition of a life insurance policy

We highly recommend working with an independent life insurance agent who can help you compare companies and policies. Life insurance is all we do. We have helped over 9,000+ clients find the best no exam life insurance for their needs. We have the experience and the contacts to help you find the right coverage for your family today with no health exam and no health questions asked. 

Give us a call to speak with an agent who can help you narrow down your options and identify the best no medical exam life insurance policy for your needs. Or, you can get started using our online quoting tool for instant no exam life insurance quotes.

About Ty Stewart
Ty Stewart is the founder of SimpleLifeInsure. He is an independent life insurance agent that works for his clients nationwide to secure affordable coverage while making the process simple. There is never any cost to use his services.

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