No Medical Exam Life Insurance Quotes

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Have you been searching online for life insurance coverage? Have you come across the term “no medical exam life insurance quotes?” If you have seen this term, you might be wondering if it is possible to really get a life insurance policy without a medical exam?

The quick answer is yes, you sure can. However, there is some important information you will need to know about this type of life insurance coverage. Our guide will teach you everything you need to know about no medical exam life insurance. We will also as give you some insider tips as to who the current best no medical exam companies are and what additional benefits they can provide to you.

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Skip The Medical Exam

  • No Exam Appointments
  • No Blood Test
  • No Urine Test
  • No Blood Pressure Readings

Consider No Exam

  • Up to $1,000,000 in Coverage
  • Easy Online Application Process
  • Fastest Approval Times
  • Very Affordable Rates

Do All Life Insurance Companies Offer No Medical Exams?

The answer to this question is no. The option to apply for life insurance coverage without having to go through a medical exam is still relatively new.  Since its introduction to the insurance industry, more and more companies have jumped on board, making it an option when it comes to applying for life insurance. 

Life insurance companies that do offer a no medical exam option will all be different from one another, not just by price but how they are underwritten, how much death benefit can be obtained and how quickly an approval can be made.

How Does Traditional Underwriting with an Exam Work?

If you’re looking for the absolute best rates for life insurance, don’t be surprised if you’re asked to take a medical exam. Many life insurance companies still require a traditional underwriting process to qualify for their top rates. To qualify, you will be required to complete a necessary medical exam.

Underwriting begins after you have applied to the life insurance company to apply for their insurance coverage. Underwriters calculate your risk to the insurance company and assign you a health risk classification. The insurance company offers a premium based on the health risk classification you have qualified for as the result of underwriting.

If you are a higher risk, you will often receive a higher premium for your coverage. Those in good health with no existing medical issues will often have less of a chance of dying before the end of the policy, resulting in lower premiums. A fully underwritten policy requires a comprehensive look at your medical and health background.

To analyze your risk, the underwriter examines the following:

  • Medical Exam – An exam provided by the insurance company in which a licensed examiner visits with you to collect blood pressure readings, blood sample, urine sample, and height & weight check. 
  • Medical Questionnaire – The application for coverage will consist of questions regarding your medical history. Some life insurance companies will require more information than others.
  • MIB Search – MIB or Medical Information Bureau is a cooperative data exchange formed by the North American life insurance industry in 1909. MIB operates a database of medical information on individuals who have applied for health insurance, life insurance, and other types of insurance coverage.
  • MVR Search – MVR or Motor Vehicle Report – During the underwriting process, the underwriter will check your MVR for significant violations. Major violations would consist of excessive moving violations, DUIs, suspended licenses, and reckless driving.
  • Rx Check (Prescription Report) – Similar to the MIB, the Rx check or prescription check is a database of a list of pharmacy prescribed prescriptions that you have taken.
  • Attending Physicians Statement (APS) – This is another name for your medical records. Depending on what your results return, the underwriter may need further information to complete their review. If this happens, the underwriter may reach out to your primary physician to review a copy of your medical records. This is not always a part of the underwriting process.

The underwriting process starts with the information you provide. Applications often include a health questionnaire for the initial evaluation. It may consist of necessary details, such as your weight, height, and medical history.

To verify your answers, underwriters may require a medical exam. Underwriters also use the exam to look for conditions that lower your mortality.

These exams typically take about 30 minutes. For your convenience, many insurance companies can arrange for at-home or in-office exams.

The exam also tends to include blood/urine screening. The sample tests for various health conditions potentially not discovered during a routine exam, such as tobacco use, cholesterol, diabetes, HIV/AIDS or the use of recreational drugs.

The medical exam is a standard part of the traditional underwriting process, but it is just one component. Underwriters may also research your prescription history and request an attending physician statement (APS). 

The APS provides insurance companies with an overview of your health, including the presence of any chronic medical conditions. Issues such as diabetes, cancer, asthma, sleep apnea, and dementia may impact your premiums.

Insurance companies may also review your driving record. Your motor vehicle report (MVR) includes any documented violations, including traffic citations, DUI arrests, or accident reports. It covers a period of up to five or seven years.

After reviewing these details, the underwriter assigns your insurance classification and uses an actuarial table to determine your risk to the insurer. 

The fully underwritten process may take two to eight weeks. The amount of time depends on the insurance company, the type of policy, and how quickly the underwriter receives the required documents.

With no medical exam policies, the underwriting process moves much quicker. You may receive coverage in a matter of days or even within the same day of applying.

How Are No Medical Exam Policies Underwritten?

Life insurance companies that offer the option to apply without a physical or medical exam will underwrite applications pretty similar to those that require an exam. 

Several of the same underwriting tools are utilized to underwrite the life insurance application and verify responses to personal and health-related questions. 

The significant difference is that when you apply for a no medical exam life insurance policy, you are skipping the medical exam portion. This means that you will not be required to meet with an examiner to do any lab testing.

Underwriting a no exam application will rely heavily on the use of the other underwriting tools such as:

  • Medical Information Bureau (MIB)
  • Prescription Check (Rx)
  • Motor Vehicle Report (MVR)

Can You Get Good Rates With No Exam Life Insurance Policies?

Yes, you absolutely can.

We have spent some time discussing the underwriting process for both life insurance with an exam and no exam life insurance options. As mentioned, underwriting is the main factor when it comes to determining your health risk classification. Your health risk classification is what determines your life insurance rates. 

The primary classifications include:

  • Preferred Plus
  • Preferred
  • Standard Plus
  • Standard
  • Preferred Tobacco
  • Standard Tobacco
  • Substandard

The best health classification begins with preferred plus and will result in the lowest premiums. The substandard category offers the highest premiums and is typically reserved for those with higher risk health conditions.

When no medical exam life insurance first came out, the best available health class was standard or substandard. Because of this, the rates for a no medical exam life insurance policy were not nearly as competitive to a life insurance policy that required a medical exam. It did, however, offer convenience to those looking for fast coverage without the need of having to take an exam. This, in itself, was worth the extra cost to most people.

However, over time, several companies have started to include the preferred health class as an option for qualifying healthy applicants. With these new improvements, rates for no medical exam life insurance coverage are right on par with coverage that requires a medical exam.  

What Type of Insurance Policies Offer No Medical Exam Options?

Nowadays you can find several life insurance companies offering no medical exam options for both temporary and permanent life insurance coverage. This includes coverage options such as term life insurance, universal life insurance, whole life insurance, and final expense life insurance.

However, there are a few difference between the different types of available no medical options and how they are underwritten. The four types of underwriting associated with no medical exam policies include:

  • Accelerated underwriting
  • Simplified issue underwriting
  • Graded benefit underwriting
  • Guaranteed acceptance underwriting

Accelerated Underwriting (AUW)

Accelerated underwriting or (AUW) is the newest form of no medical exam coverage. As with the other types of no medical exam life insurance policies, AUW does not require an exam or blood/urine tests. Qualifying for an accelerated acceptance life insurance policy will provide the best rates for coverage.

For many insurers, AUW offers a suitable middle ground between simplified issue underwriting and fully underwritten policies. With accelerated underwriting applicants may qualify for the preferred health classification without a medical exam. This makes AUW an efficient alternative to fully underwritten policies, especially if you are healthy and can meet the guidelines of the program.

The accelerated underwriting program is designed not only to offer the best rates but also the quickest approval times.

The process typically begins with a quick and straightforward online application ticket. Once the company receives the ticket, a telephone application interview is conducted. The interview typically lasts 30-45 minutes and consists of both personal and health-related questions.

Who can qualify for accelerated underwriting?

Accelerated underwriting can be difficult for applicants with health conditions to qualify. You need to have no significant health issues or you could be required to take an exam.

Those with a history of cancer, stroke, diabetes, heart disease, or any other significant disease may not qualify. Other requirements include no more than one prescription medication, no DUIs, and no more than two traffic tickets in the past three years.

2019 Best No Medical Exam Life Insurance Companies

American National (ANICO)

  • Policy name: ANICO Signature Term Express 
  • A.M. Best’s Rating: A
  • Type of policy: No medical exam term life insurance
  • Issue age: 18-65 (Depending on coverage length)
  • Term lengths: 1, 10, 15, 20 & 30 year
  • Underwriting classes: Standard Non-Smoker & Standard Smoker
  • Minimum coverage amount: $50,000
  • Maximum coverage amount: $1,000,000
  • Application type: Paper or electronic
  • Description of coverage: ANICO Signature Term Express life insurance policies offer face amounts up to $1,000,000 of death benefit coverage with a quick 48-72 hour underwriting turnaround. No medical exam is needed with an examiner.

Note: Although underwriting is fast, underwriting is tough. You will need to be healthy to qualify for this coverage.

Assurity

  • Policy name: Assurity Term Life Insurance 
  • A.M. Best’s Rating: A-
  • Type of policy: No medical exam term life insurance
  • Issue age: 18-65
  • Term lengths: 10, 15, 20 & 30 year
  • Underwriting classes: Preferred & Standard Classes
  • Minimum coverage amount: $50,000
  • Maximum coverage amount: $500,000
  • Application type: Paper or electronic
  • Description of coverage: Assurity Term Life Insurance offers an accelerated underwriting process that can lead to the approval for coverage within the same day of applying. Accelerated underwriting allows for qualifying applicants to apply for up to $500,000 with the possibility of there being no medical exam needed.

Note: Not all applicants who apply will qualify for no medical exam underwriting. Applicants who do not meet the accelerated underwriting guidelines may be asked to take an exam based on initial underwriting results. 

Fidelity Life

  • Policy name: Rapid Decision Express 
  • A.M. Best’s Rating: A+
  • Type of policy: No medical exam term life insurance
  • Issue age: 18-65 (Depending on coverage length)
  • Term Lengths: 10, 15, 20 & 30 years
  • Underwriting classes: Standard Classes
  • Minimum coverage amount: $25,000
  • Maximum coverage amount: $250,000
  • Application type: Electronic
  • Description of coverage: Fidelity Life Insurance Rapid Decision Express life insurance policies offers face amounts up to $250,000 of death benefit coverage with a fast 24-48 hour underwriting turnaround. No medical exam is needed with an examiner.

Note: In order to qualify for coverage, you will need to answer (NO) to all medical questions on the application.

Motorists Life

  • Policy name: Real-Time Term 
  • A.M. Best’s Rating: A-
  • Type of policy: No medical exam term life insurance
  • Issue age: 16-70
  • Term Lengths: 5, 10, 20 & 30 years
  • Underwriting classes: Preferred Non-Smoker, Preferred Smoker, Standard Non-Smoker, Standard Smoker & Rated
  • Minimum coverage amount: $25,000
  • Maximum coverage amount: $500,000
  • Application type: Online
  • Description of coverage: Real-Time Term offers instant no medical term life insurance in roughly 20 minutes or less! The entire application process is done online and consists of 12 yes/no application questions.

Note: This coverage is currently available in a select few states at the moment. For more information about Real-Time Term life insurance coverage be sure to check out our review by clicking the link.

Sagicor

  • Policy name: Sage Term 
  • A.M. Best’s Rating: A-
  • Type of policy: No medical exam term life insurance
  • Issue age: 18-65
  • Term Lengths: 10, 15 & 20 years
  • Underwriting classes: Preferred & Standard Classes
  • Minimum coverage amount: $50,000
  • Maximum coverage amount: $500,000
  • Application type: Paper & Electronic
  • Description of coverage: Sagicor Sage Term no medical exam life insurance policies offers face amounts up to $500,000 of death benefit coverage with a very quick 15-minute underwriting turnaround!! No medical exam is needed with an examiner. You will need to answer medical questions on the application and a telephone interview may be required.

Note: Underwriting can be fast and in some cases, an approval can be made in as little as 15 minutes. However, Sagicor’s no medical exam underwriting can be a bit on the tougher side. You do not need to be in perfect health to qualify but beware that many prescribed medications that can prevent you from qualifying for their no exam coverage.

Transamerica

  • Policy name: Trendsetter Super
  • A.M. Best’s rating: A+
  • Type of policy: No medical exam term life insurance
  • Issue age: 18-70 (Depending on coverage length & amount)
  • Term Lengths: 10, 15, 20, 25 & 30 years
  • Underwriting classes: Standard Classes
  • Minimum coverage amount: $25,000
  • Maximum coverage amount: $99,999
  • Application type: Paper or electronic
  • Description of coverage: Transamerica Trendsetter Super term life insurance policies offer face amounts up to $99,999 of death benefit coverage with standard underwriting turnaround. No medical exam is needed with an examiner. You will need to answer medical questions on the application.

Note: Although underwriting may take a little longer, Transamerica has some of the best underwriting and are less strict when compared to the other no medical life insurance companies available. You do not need to be in perfect health to qualify for this coverage.

How are no medical exam life insurance policies similar to each other?

The 6 no medical exam life insurance companies listed above are all great companies and can benefit you in their own ways depending on your current situation and life insurance needs.

Top Quote Life Insurance represents all (A) rated no medical exam life insurance companies on the life insurance market. All no medical exam life insurance underwriting is much faster than traditional term life insurance underwriting involving a medical exam. No medical exam life insurance companies have maximum amount of death benefit coverage available.

NOTE: If you require additional death benefit coverage, consider applying with a second no medical exam life insurance company.

Who no medical exam life insurance policy for you?

Due to the popularity of no medical exam life insurance policies, there has been a large demand for quote request from our online customers at Top Quote Life Insurance. For many of our online customers it is a perfect choice when considering life insurance coverage but of course this type of life insurance coverage may not be for everyone for a variety of reasons.

Consider a no medical exam life insurance quote if:

You live a busy life and need quick life insurance coverage now. 

No medical exam life insurance policies are ideal for individuals that need life insurance coverage quickly. This type of coverage is perfect for busy moms and dads who are constantly on the move with work, family activities and just don’t have the time to wait on traditional underwriting. No medical exam life insurance policies also work great if you need life insurance coverage to secure a bank loan, in which the policy needs to be collaterally assigned to the bank in a hurry. “Leaving to go on vacation and worried about not having life insurance coverage?” Consider purchasing a no medical life insurance policy.

You haven’t visited with your doctor for a checkup in awhile. 

When was the last time you visited with your doctor and had lab work done? Has it been a while? If so, you may want to consider a no medical exam life insurance policy. You may think you are healthy and you very well may be, but what if there is a chance your cholesterol, glucose, triglycerides or any other levels that are tested for have unknowingly changed?

An elevated lab test can result in a significantly higher premium or even worse, a decline in coverage. Remember, no medical exam life insurance policies do not require you to be in excellent health, however you need to be healthy. If it’s been a while since you had lab testing done, consider purchasing a no medical exam life insurance policy.

You don’t require more than $1,000,000 in coverage.  

If you do not require more than $1,000,000 in life insurance coverage, consider a no medical exam life insurance policy. If you are in good health, you can instantly secure up to $1,000,000 in death benefit coverage. Need more? Consider purchasing an additional policy with a second no medical exam life insurance company.

Needles, blood and high blood pressure readings? No thank you, I’ll pass.  

Have a fear of needles, blood draws or blood pressure readings? Then there is no doubt that a no medical exam life insurance policy is the perfect choice for you!

You’re okay with paying a little more for instant convenient coverage.  

Yes, there is a little catch to no medical life insurance policies and it involves the price you are going to pay for quick convenient coverage. Don’t worry though it’s not as bad as you might think. A majority of the time it’s as little as double of what you would pay when taking a medical exam.

Example: Male age 45

Transamerica Trendsetter Super 10 Year Term $100,000 approved standard non-smoker with a medical examMonthly premium = $20.48

Transamerica Express 10 Year Term $100,000 approved standard non-smoker without medical exam. Monthly premium = $30.63

You are in good health.

No medical exam life insurance is a great option for life insurance coverage. Our commitment to you is to make sure you are getting the best price for your life insurance. Once we have received your request for coverage, we will review it with you. If we think you could do better with traditional term life insurance we let you know and provide you with rates for both options. If no medical exam life insurance simply makes more sense for your situation, then by all means we will do everything we can to get you approved and covered right away.

If the idea of a no medical exam life insurance policy is for you and you would like to discuss it further with a Top Quote Life Insurance agent, please feel free to call us toll free at (888) 777-7574. We will go over a few medical questions and recommend the best no medical exam life insurance policy for you and your situation.

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