Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Written by Jeffrey Manola
Founder & Licensed Agent Jeffrey Manola

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Jun 29, 2022

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No exam term life insurance is quickly becoming the preferred choice when it comes to applying for a life insurance policy. Below are 5 very good reasons to consider skipping the exam and going no medical. 

According to LIMRA’s 2016 Insurance Barometer Study, about 60 percent of all Americans had some form of life insurance in 2015. The report also revealed that about 34% of Americans were likely to purchase life insurance coverage in 2016.

Traditionally, insurance companies expected new clients to take medical exams before getting a life insurance policy.

For some people, this is a lengthy process and would prefer skipping it if there was a possibility. The tests also make it difficult for individuals with adverse health issues to get insurance.

People in certain age brackets, particularly seniors, also find it hard to get a policy because they are considered high risk. In most cases, their premiums are likely to be high.

For these reasons, no exam term life insurance has proven to be the preferred alternative for many consumers. You don’t need a medical exam during the underwriting process with this policy.

Here are the reasons why you need to consider it.

Looking to compare life insurance policies? We can help. Enter your ZIP code to get free quotes from multiple insurers.

#1. Faster Approval Times

If you need life insurance fast, no exam insurance policy is the right pick for you. A typical life insurance policy can take about four to six weeks for new applicants to get a cover.

With no exam packages, you can qualify for coverage in about two to eight days depending on your benefit size and policy type. This is ideal for people who want quick life insurance to secure a loan, such as an SBA loan.

In some situations, you may want to get a no exam policy as a placeholder until you are ready to qualify for traditional life insurance.

However, keep in mind that there might be a waiting period if you had some serious health issues or your death benefit can be reduced.


Life insurance policies with a waiting period are commonly referred to as graded death benefit. These types of policies are often associated with guaranteed issue or final expense life insurance.

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#2. It Can be Easier to Qualify

In many cases, it can be an easier process qualifying for a no exam term life insurance policy than going through traditional medical exam underwriting.

The main reason for this is that there is no medical exam, which tends to be an obstacle for many people who need life insurance.

For example, if you have never had a severe health condition and you are in good health, you are likely to get a policy within the same day.

The application process can involve a phone interview with your agent and filling a questionnaire to help the insurer to know you well.

Since there are no exams, the insurer is likely to check your history with the Medical Information Bureau (MIB), Pharmacy Database, and Motor Vehicle Records (MVR).

To speed up your application, be truthful with your agent, and provide all the relevant information. It’s also vital to mention if you have previously been declined for previous coverage.

#3. Highly Available

In the past decade, life insurance policies with no physical exams were not as many as they are today.

Insurance companies considered such policies as high risk and were reluctant to charge high premiums in fear of failing to acquire customers.

Today, that’s not the case, and you can easily find the right life insurance without taking a medical exam. Some of the top life insurance companies that offer them include:

Each of these companies has its own set of requirements and approach when underwriting applicants. This is a good thing as we can shop your life insurance coverage if you have minor underwriting risks.

#4. Enjoy Privacy and Convenience

Let’s be real. Some people just love their privacy and have their personal reasons for that. Others have a rather hard-pressed life to schedule time for getting medical tests.

So, when looking for life insurance, no exam policies are ideal for such situations. The application process is easy, and you have no burden of scheduling medical appointments.

Do you have Trypanophobia (fear of needles)? Life insurance without medical tests will allow you to avoid those dreadful pokes.

One of the key benefits of skipping the medical exam is lab testing. This is especially beneficial if you haven’t had an exam done for some time.

Did you know that elevated lab results can lead to a higher rated approval or even worse a decline? If your unaware of what your labs may show, no exam underwriting may be the best way to go.

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#5. Ideal Option for Your Heirs

Skip the medical exam, it’s not a risky option for you or your family.

A no exam term life insurance policy will provide you will all the same benefits and protection of a term policy that requires an exam.

So, you should not have any worries about life insurance not paying out.

Many believe that by not taking a medical exam, there is a 2-year wait on the death benefit payout. While this is true for “guaranteed acceptance” type policies, this is not the case when you purchase a no exam term life insurance policy.

Whether you need life insurance coverage to protect your family or even a business, a no exam term life insurance policy can be a great choice.

#6. Bonus Reason… It’s Often Very Affordable!

When no exam term life insurance first came out, it wasn’t the most affordable option. Regardless of how healthy you were, your best approval classification would be Standard rates.

This meant no Preferred Plus, no Preferred, and even no Standard Plus. Although Standard is a good and very average health classification, it’s not the best available or the most affordable.

However, as more and more companies jumped on board by offering a no exam option, some have begun offering the option to qualify at Preferred rates.

When having the option to qualify for Preferred rates while not having to take a medical exam is there a reason to even go through the exam process?

If you want the absolute best price for life insurance coverage, it will require a medical exam.

Choosing No Exam Term Life Insurance

A life insurance policy with no medical tests is ideal for anyone aged between 18 to 65 years. Find adequate time to review the cons and pros of a no medical exam policy before considering one.

When looking for the ideal option, take the time to compare quotes from different insurers, and choose the right term lengths. Examples of term lengths include 10, 15, 20, 25, or 30 years.

Most no exam policies cap the amount of coverage you can apply for to $250,000 as well as the health classification to a standard.

However, we have two companies that will allow up to $1,000,000 with preferred rates!

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The Bottom Line on No Exam Term Life Insurance

No exam term life insurance is changing the way life insurance coverage can be purchased and this is for the better.

If you’re looking for a simple, faster and more convenient way to apply for life insurance while keeping the premiums relatively affordable, let’s discuss a no exam term life insurance policy.

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