5 Best No Medical Exam Life Insurance Providers

Shopping for the best no medical exam life insurance in 2022 doesn't have to be complicated. Many benefits come with a no medical term life policy, so it's essential to consider the pros and cons of choosing the right plan for your needs.

Best Overall
Haven Life logo
Editor's Rating    5/5

Haven Life is an established company underwritten by an even more reputable company, making them a top pick for no medical exam life insurance policies. Whereas many no medical exam life insurance providers limit coverage without the option for riders, Haven Life does allow some people to add on additional coverage.

Best for Term Life
Bestow logo
Editor's Rating    4.5/5

Bestow is another top provider for no medical exam life insurance based on reviews and ease of the application process. Bestow makes it easy and convenient to apply for no medical term life insurance, and some policyholders can begin their coverage the same day.

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Are you in the market for no medical exam life insurance? Are you overwhelmed at the number of options and confusing terms included with each one?

We have compiled a list of the top no medical exam life insurance plans based on customer reviews and ratings.  Even better, every insurance provider on this list offers a no medical term life policy.

Choosing the right no medical exam life insurance is crucial. Understanding the rules and eligibility requirements of each plan helps to ensure you and your family are protected.

Also, make sure you're prepared for the application process.  Some no medical exam life insurance providers may make you answer lifestyle and health questions, even without an exam.

The Best No Term Life Insurance Companies in 2022

Comparison of Life Insurance with No Exams

#1

Haven Life offers an easy way to buy high-quality, affordable term life insurance online.

#2
Bestow logo

Our Partner

Bestow uses data to remove doctor visits and paper work of traditional life insurance, offering you an affordable plan without the hassle.

#3
Fabric insurance logo

Our Partner

Fabric is a life insurance company focused around the financial needs of parents by providing term life insurance coverage. 

#4
Ethos Life logo

Our Partner

Ethos Life Insurance connects you with a life insurance carrier using a streamlined process that is quick, simple, and fast.

#5
Ladder Life logo

Our Partner

Ladder offers a quick, simple, and smart way for individuals to buy a term life insurance policy at an affordable cost.

Methodology

Careful consideration and an evaluation of ratings and verified third-party reviews made this list, including reviewing each of the top provider's websites for updated information on policy limits and requirements. 

This list also includes consideration of overall customer claims satisfaction. The number of years each insurance provider has been in business and whether a larger company underwrites them is also necessary to consider.

Detailed Reviews No-Exam Life Insurance Providers

Here is the list of our top picks for the best no medical exam life insurance providers in 2022

1. Haven Life - Best Overall

Haven Life is a well-established no medical exam life insurance provider. They have good reviews and excellent customer service ratings. 

The company is a subsidiary of MassMutual, which means they're reputable and well-trusted.  They have an A++ rating with A.M. Best and an A+ rating with BBB. 

They also have a 4.8/5 rating with TrustPilot.  Haven Life was founded in 2015, but because it's backed by MassMutual, founded in 1851, they have an even longer history. 

The available coverage amounts vary from $100,000 to $500,000, with term limits of 10, 15, 20, and 30 years available. Many customers like Haven Life because of its reputation in the industry. 

Customers can buy policies, knowing they'll be honored because of the reputable underwriter.  Haven Life has a variety of plans to choose from.

The no medical exam policy is referred to as Haven Simple. Anyone between the ages of 20 and 55 can qualify for instant approval. 

The no exam medical insurance plan is available to policyholders under 65 years. However, if you are in good health, you may qualify for better plans with a medical exam.

Pros

  • Insurance is underwritten by a large, established company
  • They don't require a medical exam
  • Some policyholders may qualify for additional benefits
  • Instant-issue policies can offer same-day life insurance

Cons

  • Policies are only available in some U.S. states
  • Only term life insurance is available

2. Bestow - Best for Term Life

Bestow Life Insurance is another top provider with a good history. Bestow was founded in 2016, but has already established itself as a leader in term life insurance. 

They make it easy for you to obtain quotes online, and if accepted, your coverage can begin within a few minutes. Bestow has an AM Best Rating of A++ and a TrustPilot rating of 4.6/5 stars.

Bestow is a leading provider because they never require a medical exam for their term life insurance policies. Of course, you will have to answer questions about your daily lifestyle and medical history, but an exam isn't required. 

The company doesn't offer any riders, making it less desirable to some. In addition, the Bestow no medical exam policy is only available to people 60 years and younger, and coverage amounts are available between $50,000 to $1.5 million.

Pros

  • Satisfaction is guaranteed
  • Doesn't require a medical exam
  • Applying for insurance online is easy and fast
  • Reputable company with good ratings

Cons

  • Not available in New York
  • Insurance riders are not available

3. Fabric - Best for Families

Fabric is a newer company designed for young adults to help them better understand the importance of life insurance. Although Fabric is a newer company, policies are underwritten by Penn Mutual Company.

Fabric has an AM Best Rating of A+, an A+ rating with the BBB, and a 4.8/5 rating with TrustPilot.  Fabric may still take your health into account when calculating price or eligibility for the no medical exam policy.

The term life insurance through Fabric is accelerated, which means it's fast approval. They offer up to $1.5 million without a medical exam. 

Simplified insurance, which is a policy that requires less health information, but not a medical exam, offers up to $300,000.

Pros

  • They offer free will services to all policyholders
  • This policy is great for younger policyholders
  • The app is easy to use
  • Medical exams are automatically skipped for policies under $1.5 million

Cons

  • Not available in all 50 states
  • Limited insurance payouts available

4. Ethos - Best for Same Day Coverage

Ethos is a great choice for people who want same-day coverage. The company was founded in 2016 in an attempt to make the process of buying life insurance more affordable and easier.

Ethos isn't accredited by the BBB, but has an AM Best A+ Rating and a 4.5/5 rating with TrustPilot.  Ethos offers personalized insurance policies that are fast to buy. 

Coverage is available between $20,000 and $1.5 million, but coverage amounts may be limited for those who choose a no medical exam policy. 

The company focuses on offering a fast, no-hassle application process, not requiring medical exams.

Pros

  • The application process is easy and fast
  • No medical exam is required
  • They offer an accelerated death benefit with all plans
  • Same-day coverage is possible

Cons

  • Insurance plan options are limited
  • Customizations with riders may not be available to all policyholders

5. Ladder - Best Pricing

Ladder is the best option for pricing cheap policy pricing. The company was founded in 2015 as a software company for life insurance. They aren't currently rated by the BBB, but have an AM Best rating of A+ and a 4./5 rating with TrustPilot.

Ladder allows policyholders to make adjustments throughout the life of the insurance, which is a big deal. As policyholders' needs change, like buying a house or starting a new job, they can increase or decrease policy needs. 

You must be under 70 years of age to apply for Ladder policies that don't require medical exams. Policies are available for up to $3 million without an exam and up to $8 million with an exam.

Pros

  • The application process is extremely easy to complete.
  • Larger insurance policies of up to $3 million are available.
  • Policyholders can make amount adjustments while enrolled.
  • No medical exams are required as long as you're within policy limits.

Cons

  • They don't offer universal life insurance
  • No policy riders available

What is No Medical Exam Life Insurance?

No medical exam life insurance is a life insurance policy that doesn't require a medical exam before enrollment. No medical exam life insurance can offer the following benefits:

  • Guaranteed coverage for life insurance
  • Easy enrollment process
  • Instant approval capabilities
  • Group life insurance policy availability

A no medical exam life insurance policy differs from other types of life insurance with the simple exclusion of a required medical exam.

A traditional life insurance policy may range in price based on health characteristics, like the policyholder's age, weight, previous conditions, and evaluation of blood and urine samples.

This can be overwhelming for some because some medical conditions can be common as you age.  Specific medical issues may also disqualify people for life insurance.

People who want to buy life insurance but also have a medical history may be out-priced in the market. No medical exam life insurance is an option that makes life insurance accessible to more people.

Who is Eligible for No Exams?

Eligibility of no medical exam life insurance policies varies, depending on the provider. Therefore, it's essential to evaluate the requirements of each policy when applying to ensure that you meet them.

Even if a provider doesn't require a medical exam, they may have other requirements. For instance, age is a common requirement, with some policies requiring a medical exam over a certain age. 

In most cases, you must be under 70 years to qualify for a no medical exam life insurance policy. But, some providers may require you to be even younger.

Policyholders may also pay a higher premium or be limited to lower payout amounts if they don't get a medical exam.

Should I Get No Medical Exam Life Insurance?

A no medical exam life insurance plan may be a good idea for some people. Younger people who want to invest in a life insurance policy may benefit most from a no exam insurance policy.

Additionally, people who don't want to go through with a medical exam and are okay with paying a higher premium may benefit from no medical exam life insurance.

In summary, no medical exam life insurance policies are good for policyholders who would likely pay more if they did get an exam. People free of previous health conditions may receive life insurance rates at a better price with a medical exam.

If no medical exam life insurance is right for you, choosing the right plan and provider is still critical. Review each of the life insurance providers to find the best one.

No Medical Exam FAQ's

Here are some of the most common questions regarding no medical exam life insurance:

What are the expected costs of no medical exam life insurance?

The expected costs of a no medical exam life insurance plan vary between policyholders and states. No medical exam life exam policies may range from $3.50 to $135 per month.

The older a person is, the higher the premium they can expect. The great thing about no medical exam life insurance plans is that there shouldn't be any other costs involved. 

However, it's important to note that insurance payouts may also be limited with no medical exam policies.

What is typically covered with no medical exam insurance?

It's important to know what's included and not included in a term no medical exam insurance policy. Most no exam life insurance policies offer just the insurance.

Whether or not riders are available as an add-on depends on the provider and eligibility requirements.  A rider refers to an additional option that increases the value of a life insurance policy.

A few examples of riders may include accidental death riders or accelerated death policies.  These riders cover more unexpected costs, like losing life in an accident.

This amount is added to the initial life insurance policy already purchased.  The good thing is that policyholders may be able to add these on later, either by getting a medical exam or by buying additional coverage through a different life insurance policy.

Knowing the difference between term life and whole term life is necessary when choosing the best no medical exam life insurance. Whole life insurance refers to a permanent type of life insurance. 

The policy never expires as long you keep up to date on your premium payments. A term insurance policy is only for a set period of time.

What medical questions will I have to answer?

Enrolling in a no medical exam life insurance policy doesn't mean you won't be asked medical questions. Guaranteed policies only require answering specific questions about your lifestyle or medical history. 

However, you'll never be asked to take a medical exam. Even though they may ask you a few questions, you're guaranteed coverage with a no medical exam life insurance policy.

Some policies may allow you to answer additional questions for cheaper rates.  However, this varies among providers. For example, simplified insurance requires policyholders to answer a detailed questionnaire but doesn't require a medical exam. 

The insurance provider may want to know if you exercise, your diet habits, how much alcohol you drink, and whether you take any drugs.

Even if a medical exam isn't required, it's important. Failing can lead to your policy being canceled or the company refusing to pay out.

Is no medical exam life insurance more expensive?

No medical exam life insurance policies are typically more expensive than a policy requiring a medical exam. People who choose a no medical exam life insurance plan usually have pre-existing conditions that can increase their risk.

For this reason, no medical exam life insurance policies aren't for everyone.

Haven Life

Haven Life offers an easy way to buy high-quality, affordable term life insurance online. Get your real rate today.

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