When it comes to life insurance, there are a lot of options out there. You can get a policy that requires a medical exam, or you can get one that doesn’t. If you’re looking for the Best Non Medical Exam Life Insurance, you’ve come to the right place. In this blog post, we will list the top ten best companies when it comes to no medical exam policies. We’ll also discuss what these policies offer and why they might be a good choice for you.
AIG
AIG offers a guaranteed issue life insurance policy. The policy provides whole life coverage, with fixed premiums, a guaranteed death benefit and cash value growth.
These policies are available for ages 50-85, with face amounts ranging from $5,000 to $25,000.
The policy is guaranteed issue, so there is no exam and not even health questions. which means as long as you meet the requirements of living in an approved state and you are between the ages of 50-85, you will be approved for coverage.
Also, These policies have a two year graded death benefit, which means that during the first two years the policy will pay out 110% of premiums, with the full death benefit paid in year three and beyond.
American Amicable
A.M. Best Rating: A
American Amicable’s no medical exam policy is known as Term Made Simple. This is a no physical exam required policy that comes with some unique life insurance riders, such as a terminal illness and chronic illness rider.
Term Made Simple plan highlights:
- Eligibility: 18-65 years old; 75 for a 10 year term
- Blood work required: No
- Physical Exam: No
- Policy Term Lengths: 10, 15, 20 and 30 years
Assurity
A.M. Best Rating: A-
Assurity offers both simplified issue term life insurance and simplified issue whole life insurance.
Available for ages 18 – 65, Assurity is sure to be a competitive option for anyone who wants coverage but does not want to take an exam.
The death benefit for simplified issue term life goes up to $350,000.
The company’s critical illness rider is an additional option that needs to be considered.
Lifescape NonMed Term 350
Assurity’s no med term life includes the following features:
- Available for ages 18 to 65.
- $50,000 up to $350,000 in coverage.
- Terms available: 10, 15, 20 and 30 years
Fidelity
A.M. Best Rating: A-
Rapid Decision Express:
- Term Length: 10, 15, 20, and 30 years
- Ages 18-65, renewable to age 95
- Non Medical Underwriting: No urine sample, No blood draw, No attending physicians statement
- Approval time in days, not months
Foresters Financial
A.M. Best Rating: A
Foresters is one life insurance company you have to look into if you want a life insurance without a medical exam. They have a great rating and a range of products for life insurance no physical exam policies.
PlanRight Whole Life Insurance: this policy offered by Foresters is a simplified issue whole life insurance policy.
Foresters Financials whole life insurance includes:
- Fixed Death Benefit
- Graded Death Benefit
- Modified Death Benefit
Gerber
A.M. Best Rating: A
The people who make such popular baby food also provide guaranteed issue life insurance! Sounds funny, but the truth is that Gerber Life Insurance has a great final expense life insurance plan. They have fairly affordable rates and a great name in the industry.
- Coverage: up to $25,000
- No Health Questions
- No Medical Exam
- Guaranteed Issue
- Ages 50-85
Mutual of Omaha
A.M. Best Rating: A+
Also referred to as United of Omaha, this life insurance company has a life insurance policy without an exam that will be great for not just covering your burial expenses, but also to give your family members the cushion they’ll need to cover your final expenses.
Living Promise Whole Life
- No exam whole life insurance
- Minimum Coverage: $2,000 no exam life insurance
- Maximum Coverage: Up to $40,000
- Eligibility: 45-85 years old
Term Life Express
- 10, 15, 20 and 30 year terms
- $25,000-$400,000 face amounts available.
- Return of Premium option available.
- Renewable to age 100.
North American Company
A.M. Best Rating: A+
North American Company offers a simplified issue term life insurance policy called LifeVue Simplified Issue. The policy does require you to answer a few questions related to your health and lifestyle choices but you will not have to take a medical exam or any blood tests. North American Company also offers multiple underwriting classes depending on your answers.
LifeVue Simplified Issue
- Eligibility: 18-50 years old
- Available in 15, 20 and 30 year terms.
- Coverage: up to $500,000
- Accelerated Death Benefit
- No physical exam required
- Multiple Underwriting Classes:
- Super Preferred
- Preferred
- Standard
- Substandard
- Preferred Tobacco
- Standard Tobacco
- Substandard Tobacco
Principal Financial Group
A.M. Best Rating: A+
Principal Financial Group is another great option for anyone looking for a life insurance policy with no medical exam. They have one of the highest death benefits for this kind of simplified issue life insurance with up to $1,000,000 no exam life insurance available.
You will have to give some information during an application and interview process. The insurance company will use that information to decide if you are eligible for life insurance no exam. About 50-60% of applicants will not have to take a medical exam.
- Accelerated Underwriting
- Approvals in as quick as 48 hours
- No exam life insurance up to $1,000,000
- Term Length: 10,15, 20 or 30 year term life insurance
Transamerica
A.M. Best Rating: A+
Transamerica is another great option for anyone who would like to get a life insurance policy without a medical exam. They are known for their outstanding customer service and innovative products, including many simplified issue policies.
- Life insurance riders
- critical illness
- chronic illness
- terminal illness
- disability
- $25,000 no physical exam life insurance up to $249,999
- Term Length: 10, 15, 20 or 30 year
If you are interested in getting some more information regarding the Best Non Medical Exam Life Insurance carriers and their plans, please reach out.
