10 Best No-Exam Life Insurance – No-exam life insurance offers a convenient alternative for those wanting to purchase a policy without undergoing a medical exam. This type of insurance offers limited coverage, but you will not have to share any information about your health.
In this article, research has been done and can assist you in finding a life insurance provider that provides no-exam coverage. This guide details the 10 best life insurance companies out there that offer No-Exam Life Insurance.
The 10 Best No-Exam Life Insurance
Insurers are evaluated to determine the best no-exam life insurance companies based on the cost and coverage options. With this article, you can choose any 10 no-exam life insurance that best suits you. The lists are as follows:
Bestow
One of the 10 best no-exam life insurance companies is Bestow. They provide term life insurance that can be applied for entirely online and takes only a few minutes. The application process is user-friendly and easy to understand, permitting you to see how different factors impact your premiums. Bestow also offers excellent customer service with supportive agents available through phone or live chat. However, Bestow only provides term life insurance and does not offer convertible or permanent coverage. So, if you need those types of policies, you will need to search elsewhere.
Haven Life
Haven Life offers a term life insurance policy named “Haven Simple,” designed for individuals aged 20 to 55. The policy provides face amounts that range from $25,000 to $1 million and does not need a medical exam. However, applicants will be asked to offer information about their health and lifestyle. It is important to know that this is not a guaranteed issue policy. What sets Haven apart is its user-friendly website and fast and easy application process. You can choose to consult with an insurance agent over the phone instead of meeting in person.
State Farm
State Farm is widely recognized for its exemplary customer service, consistently achieving high customer satisfaction ratings from J.D. Power. This reputation is supported by its extensive network of agents, the largest among insurance companies in the U.S., ensuring a strong local presence in nearly every populated area. This facilitates in-person meetings with policyholders. Additionally, State Farm offers Instant Answer Term Insurance, a no-medical-exam policy providing up to $50,000 in death benefit protection until age 50 or for a maximum of 10 years, allowing same-day application and purchase through an agent, if accepted.
Nationwide
Nationwide is a famous insurance provider that provides an array of services, including insurance, investment, and banking facilities. As a customer, you can benefit from its wide experience of over 85 years, an A+ (Superior) rating from AM Best, and fewer life insurance complaints with state insurance departments than average. It is a well-rounded provider that can supply your financial needs.
Mutual of Omaha
Mutual of Omaha has been providing life insurance, pension, and annuity products to individuals and groups since the year 1926. The company has an A+ rating with AM Best, indicating its capability to pay substantial claims and maintain permanent policies. Despite its long history, the website is user-friendly and offers a helpful live chat feature for policy-related queries. You can get a term or whole life insurance quote online or speak with your nearby agent.
USAA
USAA’s life insurance products are available to everyone, including non-military and military personnel. Active-duty military personnel receive additional benefits, including $25,000 for post-severe injury expenses and guaranteed insurability upon exiting the military. USAA’s life insurance product line is founded on its term life product range. The primary purpose of term life insurance is to fulfill a temporary need, like protecting your family while you have a mortgage or till your children graduate.
AARP
AARP offers a no-medical-exam term life insurance policy for members aged 50 to 74 and their spouses aged 45 to 74, providing coverage until the insured reaches 80 years old. The death benefit remains constant, though the yearly premiums increase with each new five-year age band. The policy can be converted to permanent insurance before age 80, with coverage amounts ranging from approximately $10,000 to $150,000 (or $100,000 in New York). Applicants must answer health questions but are not required to undergo a medical exam.
Transamerica
Transamerica offers competitive pricing on its Trendsetter super-term life policy, particularly appealing to younger adults. Coverage amounts range from $25,000 to $10 million, with up to $2 million available without a medical exam, contingent on health questionnaire responses. While many independent agents promote Transamerica for its affordability and high commissions, concerns exist regarding the company’s customer service reputation and ratings compared to other insurers.
Fidelity Life
Fidelity Life is a suitable option for individuals with serious health issues, older applicants, or those previously denied coverage, offering a range of permanent no-exam policies such as final expense, whole life, and accidental death benefit policies. It has an A- rating from AM Best, indicating strong financial stability. However, its customer service is relatively weaker, receiving more complaints from state insurance departments compared to similar providers.
TruStage
TruStage, established in 1935 and part of CUNA Mutual Group, offers life insurance and financial services, specifically targeting credit unions and their members in the U.S. Their offerings include no-exam life insurance with easy online applications, covering both term and whole life policies, including guaranteed-acceptance whole life coverage. Although TruStage’s term life insurance is priced higher than competing options, it does not require a medical exam for coverage.
Final Thought
However, it is important to keep in mind that a no-exam life insurance policy may not be enough to run the complete coverage amount that you need. This is especially true if you are looking to cover a lot of working years or the years of raising a family. Before you start getting life insurance quotes, you should calculate how much life insurance you need so that you can make an informed decision. A no-exam policy alone may not offer sufficient coverage.
