Only 54% of Americans have life insurance. Many Americas that do want it are afraid of required medical exams and fear they will be denied.
The good news is that it's possible to get life insurance to provide financial support for your surviving family members regardless of whether you are in perfect health or not. That's because certain insurance companies offer coverage without requiring medical exams. To help you find the right option, we researched and reviewed the best no medical exam life insurance, taking into account plan options, pricing, coverage amounts, and more.
The 5 Best No Medical Exam Life Insurance Companies of 2021
- Globe Life: Best Overall
- American International Group, Inc. (AIG): Best for Living Benefits
- Prudential Veterans' Group Life Insurance: Best for Veterans
- State Farm: Best for Financial Strength
- Colonial Penn: Best for Customer Service
Being nonbinary doesn’t disqualify you from getting life insurance. However, be aware that most insurance companies haven’t updated their underwriting processes to reflect a current awareness of gender issues. You may find their application processes outdated and restrictive.
Globe Life: Best Overall
With no waiting period, Globe Life offers customers full coverage the day they buy the policy and has the lowest monthly premium quoted. The company also has among the highest AM Best ratings and offers the highest coverage amount for life insurance available with no medical exam required.
AM Best rating of A
Online quotes available
With no waiting period, your coverage starts the moment the policy is purchased
For coverage options beyond $100,000, contact one of Globe Life's partners
The company has an AM Best rating of A and an A+ rating from the Better Business Bureau. Globe Life has been providing insurance services since 1900. Today, more than four million customers have life insurance through the company. These factors, combined with the company's low monthly premiums and the high coverage amounts with no medical exam, make it a clear pick for best overall.
A Globe Life insurance policy has a range of coverage from $5,000 up to $100,000, and you have the option to add your children or other adults to your policy. Monthly premiums start at $3.49 per month depending on the coverage options you select.
You can get a quote online by simply providing your personal information, including your sex, date of birth, and the state where you live. We ran a quote for a female in her mid-thirties; the monthly premiums are as follows:
- $3.98 for $5,000 in coverage
- $5.49 for $10,000 in coverage
- $8.51 for $20,000 in coverage
- $11.53 for $30,000 in coverage
- $17.58 for $50,000 in coverage
- $25.12 for $75,000 in coverage
- $32.69 for $100,000 in coverage
If you decide to buy a policy, you can purchase it online by completing the application process, where you will need to share the personal information of your beneficiaries, answer some health questions, and provide a method of payment. If you are looking for higher coverage options, Globe Life has partnered with other insurance companies to fill the gap.
American International Group, Inc. (AIG): Best for Living Benefits
The only company on this list to offer living benefits at no extra cost, AIG offers coverage during a customer's lifetime for chronic illness including diagnoses like Alzheimer's, dementia, and for terminal illness diagnoses (up to 50% of the death benefit).
Online quotes available
Offers different tiers of coverage
Life insurance calculator available
No health questions
Not available in New York and Maine
AIG was established in 1919 and, today, the global insurance company offers its services across 80 countries worldwide. AIG has an A rating from AM Best for financial strength and is our choice as best for living benefits.
AIG's Guaranteed Issue Whole Life Insurance plan is specifically for people between 50 and 80 years old, offering coverage between $5,000 and $25,000.
You can get a quote online by inputting your personal information, the state you live in, and your sex. For a female in her late sixties living in California, with coverage of $25,000, the monthly premium is $121.60, according to the quote we received. Once you find a policy that fits your needs, you can fill out the online application or, if you prefer to contact an insurance agent, you can call the national toll-free number.
AIG adds a living benefits rider to all policies for no extra cost, making it stand out among the competition for its willingness to give policyholders a better life insurance product without charging more.
Prudential Veterans' Group Life Insurance: Best for Veterans
We chose Prudential Veterans' Group Life Insurance (VGLI) as the best option for veterans because it offers lifetime coverage without a medical exam and there are no exclusions for a history of mental health issues, PTSD, or a traumatic brain injury (TBI).
Offers coverage for active military service members and retired military veterans
There's no medical exam required for U.S. veterans, as long as you apply within 240 days of leaving active service
Online premium calculator available on the website
A+ rating from AM Best
Veterans must apply for VGLI within one year and 120 days of leaving active military duty to be eligible
Prudential was founded in 1875 and has offered life insurance coverage for hundreds of thousands of military veterans through VGLI, a program established by the Veteran's Insurance Act of 1974 and overseen by Prudential on behalf of the Department of Veterans Affairs.
A standout life insurance option for veterans, retired service members have one year and 120 days after leaving active military service to enroll in VGLI, and as long as you apply within 240 days, there's no need to answer any no medical questions.
As long as premiums are paid, the VGLI program guarantees lifetime coverage regardless of any changes in your health or employment status.
A veteran who is 40 years old and looking for up to $200,000 in coverage can expect to pay $34 a month, $99.45 quarterly, $196.35 semi-annually, or $387.60 annually, based on Prudential's online premium calculator.
You can request an online quote on the Prudential VGLI website by creating an account with your personal information, Social Security number, and branch of service. If you'd prefer to speak with someone directly, you can call the company Monday through Friday between 8:00 a.m. and 5:00 p.m. ET.
The fact that it has no exclusions for mental health history for vulnerable vets gives it the edge over other life insurers we reviewed.
State Farm: Best for Financial Strength
State Farm offers coverage across the U.S. in 49 states with the highest possible AM Best rating, an A++ (Superior). It also gets the edge as its instant issue life insurance can be underwritten in a matter of minutes after completing the application.
Established in 1922
Online quotes available
AM Best A++ rating for financial strength and operational performance
Insurance policies cannot be purchased immediately online
State Farm has been offering insurance services since 1922 and has issued more than 84 million policies to date, with eight million of these being life insurance policies. The company offers no medical exam term life insurance for individuals ages 16 to 45, with coverage available up to age 50 or up to 10 years after the issue date of the insurance policy (whichever age is later).
You can get a quote online directly on the company's website and will need to answer a few different questions about your height and weight, desired coverage amounts, date of birth, sex, and tobacco use. In addition, State Farm will ask you to assess your own health, by choosing whether you consider yourself in fair, average, good, or excellent condition.
Policies can be underwritten is as little as 15 minutes when speaking with an agent to get an instant issue application processed. This is a superior timeline. You have the option to apply for insurance online or you can send your quote to your local agent and they will call you to finalize your application. With an A++ rating—the highest possible—from AM Best, it's clear why State Farm is the best selection for financial strength.
Colonial Penn: Best for Customer Service
Colonial Penn is our top pick for best customer service because the company offers flexible payment options, the opportunity to cancel the plan within 30 days for a full refund, and live chat support with insurance agents on their website.
Live chat available on the company's website
No health questions asked
Flexible payments options (monthly, quarterly, semi-annually, or annually)
You can cancel your plan within 30 days for a full refund
A variable maximum benefit that tends to be relatively low.
Colonial Penn was founded over 60 years ago and offers insurance services in every state except New York. If you are in New York, you can still get life insurance through the company, but the policy is underwritten by Bankers Life Insurance Company.The company also is licensed in the U.S. Virgin Islands and Washington, D.C. Colonial Penn has an A- rating from AM Best for financial strength.
Colonial Penn offers five different life insurance plans, including the company's Guaranteed Acceptance Life Insurance plan, available for customers between the ages of 50 and 85 starting at $9.95 a month with up to $50,000 coverage. The Permanent Whole Life Insurance plan, available for customers ages 40 to 75, guarantees premiums will stay the same throughout the entire coverage period. Renewable Term Life Insurance is available for customers ages 18 to 75 offered for a set period of time (10, 20, or 30 years); you will have the option to renew this policy until age 90.
To get a quote online, you will need to share some personal information, including your address, date of birth, sex, email address, and phone number, and then choose the kind of coverage you're looking for. A quote we received for the company's Renewable Term Life Insurance plan for a male who is mid-thirties in age costs $24.12 per month for $50,000 in coverage. If you prefer to speak with an agent directly, you can do so on the website using live chat or by calling the company's national hotline number.
Colonial Penn rises above the competition when it comes to putting customers first with top service from its cancelation policies to online accessibility through a live chat feature or hotline with short hold times. Live help is available Monday through Friday, 8:30 a.m. to 10:00 p.m. ET, and on Saturdays, 9:00 a.m. to 5:00 p.m. ET.
What Is No Medical Exam Life Insurance?
As the name suggests, a no medical exam life insurance policy is one that does not require customers to undergo a medical exam before purchasing coverage, meaning you can get coverage much faster than a traditional life insurance policy that requires a medical review. You may be able to get term life or whole life coverage, depending on the company you get your insurance from.
Who Is Eligible for No Medical Exam Life Insurance?
Nearly everyone is eligible for a no medical exam life insurance policy, from healthy individuals looking to get a term insurance policy to seniors looking to add another layer of financial protection to cover any expenses after their passing. Some companies included in this list offer plans covering seniors up to age 90.
Should I Get No Medical Exam Life Insurance?
No medical exam life insurance is a convenient option if you do not have the time to deal with the hassles of getting a medical exam or may not qualify for traditional life insurance due to your health history. However, the coverage can be limited—the highest coverage amount on this list is up to $100,000—and the rates vary depending on the coverage you get and the type of plan you choose. If you are a healthy individual who wants a higher coverage policy, you will be better off going with a policy that requires a medical exam, as you're more likely to find better rates and a greater range of options.
What Are the Expected Costs of No Medical Exam Life Insurance?
The price for no medical exam life insurance varies by the state you live in, your biological sex, age, and policy coverage. From the list above, you can expect to pay as low as $3.49 up to $134.44 per month. The older you are, the more expensive the premiums get. If you are a nonbinary individual, you will need to speak directly with an insurance agent, since most of the quotes available are based on the person's biological birth assignment.
How We Chose the Best No Medical Exam Life Insurance
After reviewing two dozen companies that offer life insurance policies, we narrowed the list down to 10 life insurers that offer some type of "no medical history" insurance policy, selecting these five companies because they specifically offer life insurance without requiring a medical exam. Further, we considered coverage limits and types of policies available as well as pricing and any limitations and exclusions, including geographic exclusions. We also took into consideration the company's AM Best rating, including only companies with an A- rating or higher.
For more about our top-rated life insurance companies, read The Best Life Insurance Companies of 2021.
Statista. "Distribution of life insurance ownership in the United States in 2020." Accessed Dec. 26, 2020.
Better Business Bureau. "Globe Life Inc." Accessed Dec. 26, 2020.
AM Best. "AM Best Downgrades Credit Ratings of Globe Life Inc. and Its Subsidiaries." Accessed Dec. 29, 2020.
AM Best. "AM Best Affirms Credit Ratings of American International Group, Inc. and Most Subsidiaries; Downgrades ICRs of L/H Subsidiaries." Accessed December 29, 2020.
State Farm. "AM Best Affirms Credit Ratings of State Farm Mutual Automobile Insurance Company and Most of Its Subsidiaries." Accessed Dec. 27, 2020.
AM Best. "AM Best Affirms Credit Ratings of CNO Financial Group, Inc. and Its Life/Health Subsidiaries." Accessed Dec. 27, 2020.