The best no-medical-exam life insurance companies in 2022

Brighthouse and Lincoln Financial are our top picks for the best no-med companies this year. Check out our guide to getting the best life insurance policies without having to take a medical exam.

Amanda Shih author photoHeadshot of Policygenius editor Nupur Gambhir

By 

Amanda Shih

Amanda Shih

Editor & Licensed Life Insurance Expert

Amanda Shih is an editor and a licensed life, disability, and health insurance expert at Policygenius, where she writes about life insurance and disability insurance. Her expertise has appeared in Slate, Lifehacker, Little Spoon, and J.D. Power.

 & Nupur Gambhir

Nupur Gambhir

Senior Editor & Licensed Life Insurance Expert

Nupur Gambhir is a licensed life, health, and disability insurance expert and a former senior editor at Policygenius. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service Cake.

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Expert reviewed

This article has been reviewed by a licensed Policygenius expert to ensure that sources, statistics, and claims meet our standard for accurate and unbiased advice.

Learn more about our editorial review process.

by

Maria Filindras

Maria Filindras

Financial Advisor

Maria Filindras is a financial advisor, a licensed Life & Health insurance agent in California, and a member of the Financial Review Council at Policygenius.

Updated April 4, 2022 | 6 min read

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No-medical-exam life insurance is having a moment — for good reason. The application process is easy and quick, and the policies have also become really affordable. As a result, more companies are offering them, and options for no-medical-exam term life insurance, especially, are on the rise.

So what are the best no-medical-exam life insurance companies? That’s going to depend a lot on your background and what you need in a policy. Everyone’s different — and so is the insurance company that’s going to offer the right policy for you at the most affordable rates.  

Our guide to the best no-medical-exam policies breaks down the best company for every circumstance, so you can get the best policy for your needs. 

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Best overall

Brighthouse Financial

4.3

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Brighthouse Financial logo

Best overall

Fast coverage

Best for young adults

Brighthouse Financial offers a low-cost no-medical-exam term life policy available exclusively through the Policygenius marketplace.

Pros

  • Fast-tracked coverage with SimplySelect

  • Very affordable

  • Convertible options available

Cons

  • Only few term lengths available

  • No rate reconsideration

Brighthouse Financial offers competitive pricing, comprehensive coverage, and application decisions in as little as 24 hours, making it our overall best choice for no-medical-exam life insurance. There’s no catch: Prices are comparable to other companies (sometimes cheaper) and death benefits are available up to $2 million. Brighthouse has all the bells and whistles you need — such as riders that give you access to the death benefit early in case of an emergency. 

And while pricing and turnaround time are the two most important factors for no-med shoppers, there are other upsides too. Certain lifestyle choices that might disqualify you from life insurance eligibility elsewhere aren’t a big deal with Brighthouse. Marijuana smokers, for example, can get some of the most competitive rates with Brighthouse SimplySelect.  

Lincoln Financial

4.7

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Lincoln Financial logo

Best overall

Lincoln Financial offers a no-medical-exam term life policy with quick decisions and affordable rates for shoppers of all age ranges, including marijuana users.

Pros

  • Affordable for older applicants

  • No-medical-exam option available

  • Fast turnaround

  • Low rates for marijuana users

Cons

  • Expensive permanent policies

  • Few online tools

Much like Brighthouse, Lincoln Financial offers affordable prices and robust coverage, and that competitive coverage is available to just about everyone. With a policy from Lincoln Financial, people with health conditions such as anxiety or asthma aren’t always doomed to higher-than-average rates. For a cost-effective policy that includes all the coverage options you need, Brighthouse or Lincoln are your providers.

Best for no waiting period

Brighthouse

You can get approved for a policy in as little as 30 minutes with Brighthouse Financial’s SimplySelect. The application process requires a brief phone interview with a Policygenius agent. The agent will issue a decision on that initial phone call, or within a few days if the agent has additional questions. Once you’re approved, you immediately get temporary coverage to protect you until you sign your paperwork and pay your first premium.

→ Read more about Brighthouse Financial

Foresters Financial

4.2

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Foresters Financial logo

Fast coverage

Included benefits

Foresters Financial offers an affordable no-medical-exam term life insurance policy available exclusively through the Policygenius marketplace.

Pros

  • No-medical-exam option available

  • Very fast turnaround

  • Unique riders included at no extra cost

Cons

  • Slightly lower death benefits than other no-med options

  • Rates slightly higher than industry average

Like Brighthouse, Foresters Financial offers a no-medical-exam policy with the possibility of approval during your initial phone interview. Foresters Your Term is available exclusively through Policygenius, so our agents can help you every step of the way. If you don’t get a decision during your phone interview, you’ll get an answer within one week. Unlike Brighthouse, if you’re declined for a no-med policy, Foresters may still issue you a policy if you take a medical exam.

Best for affordability

4.7

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Banner logo

Best for affordability

Long term lengths and competitive rates make Banner a top contender for smokers and people with complicated health issues.

Pros

  • Very competitive rates

  • Covers many different health conditions

  • Term lengths up to 40 years

Cons

  • Strict temporary coverage qualifications 

  • Reconsideration is paid for by the applicant

For applicants in good health, Banner Life offers some of the cheapest no-med prices across the board. Coverage amounts go up to $2 million and term lengths are available up to 40 years, making it a great option for people looking for long-term protection. You can get a policy decision in your inbox in as little as two days. If more comprehensive coverage is important to you, Banner offers several riders for no-medical-exam policies for an extra cost.

Best for older applicants

Mutual of Omaha

3.4

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Mutual of Omaha logo

Best for older applicants

Included benefits

With competitive underwriting for a range of health conditions and strong financial and customer ratings, Mutual of Omaha is one of the best companies out there.

Pros

  • Competitive underwriting for a range of health conditions, like a history of cancer

  • No-medical-exam options for older applicants

  • Strong financial and customer ratings

Cons

  • Policies are more expensive than the average

  • Slow turnaround time

For people over age 60, Mutual of Omaha offers two no-med options. Its Term life Express policy is best for healthier seniors and offers no-med term life insurance to applicants up to age 70 — a higher age limit than many competitors — with limits on maximum term length and death benefits over age 60. 

Its Living Promise policy is better for people with serious medical conditions and offers no-med whole life insurance, also known as final expense or burial insurance. Burial insurance rates are much higher and coverage amounts are much lower compared to no-med term insurance.

Best for young adults

Brighthouse

In addition to being one of our best overall picks for no-med insurance, Brighthouse Financial is also our pick for young adults age 25 and up. Brighthouse SimplySelect offers low-cost, same-day, no-medical-exam coverage for qualifying applicants. For newlyweds or young families, we recommend purchasing term life insurance with Brighthouse, which will fully match spousal coverage amounts. 

→ Read more about Brighthouse Financial

Best for included benefits

Foresters Financial

One of the biggest perks of a no-med policy from Foresters Financial is the riders automatically included in your policy. A Your Term policy comes with typical riders like the accelerated death benefit rider and less common riders, like one that pays an extra benefit if you die in an accident while a passenger on a plane, bus, or train. Other riders include one that will cover some family health expenses after a natural disaster and one that triggers a donation to charity from Foresters when the death benefit is paid out.

→ Read more about Foresters Financial

Mutual of Omaha

If included perks are a priority, Mutual of Omaha also offers uncommon riders in its Term Life Express policy. In addition to an accelerated death benefit rider, you’ll get riders that waive premiums for six months if you become unemployed or if your primary residence sustains $25,000 or more of damage, and another that pays an extra benefit if you die while a passenger on a plane, bus, or train — all at no added cost. Note that Mutual of Omaha offers lower coverage amounts (up to $300,000) than Foresters Financial’s no-med term policy.

→ Read more about Mutual of Omaha

Best for accessibility

Transamerica

4.4

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Transamerica logo

Best for accessibility

Transamerica offers affordable rates for every age group, former smokers, and people with common health conditions.

Pros

  • Competitive rates for term life insurance

  • No medical exam for people under a certain age or coverage amount

  • Former smokers may be eligible for lower rates

Cons

  • Uneven customer experience

  • Most policy changes require a paper form

Once upon a time, no-medical-exam life insurance was reserved for the young and healthy. But Transamerica’s no-med coverage is available to people of various age groups and health profiles. In fact, of all the companies we looked at, Transamerica has the fewest restrictions on eligibility for no-medical-exam policies and offers no-med coverage to older applicants than most other carriers.

Older applicants up to age 70 who apply for a policy with less than $100,000 in coverage won’t need to undergo a medical exam. Healthy, younger applicants under age 60 won’t need a medical exam for coverage under $250,000. The turnaround time for application approval is fast, too: about two weeks.

Best for higher coverage

Prudential

3.4

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Prudential logo

Best for higher coverage

One of the top life insurance carriers for seniors aged 60 to 65 and people with many different medical conditions.

Pros

  • High financial ratings

  • Competitive underwriting for a range of medical conditions

  • Comprehensive online resources

Cons

  • Very high premiums

  • Mixed customer ratings

  • Cumbersome quote tool

The more money you have, the more coverage you need for your family — and Prudential offers the highest death benefit amount for a no-med policy at $3 million. You can get approved in as little as two days, and have the option to add on a robust set of riders to supplement your coverage. Need more than $3 million in coverage? You'll need to take the life insurance medical exam.

Tips for buying no-medical-exam life insurance

When you start shopping, get a sense of how much coverage you need and any policy features that are important to you so that you can easily weigh your options. The best no-medical-exam life insurance for you depends on your age, background, and needs. 

Still not sure which company is right for you? Let us do the work for you. A team of Policygenius experts will compare policies to find you the right coverage at the best price and guide you through the application process.

Methodology: How we chose the best no-medical-exam companies

Our independent analyses consist of life insurance recommendations by experts in the field, data from the life insurance companies we offer in our marketplace, and third-party life insurance ratings agencies.

These ratings evaluate an insurer’s ability to meet its financial obligations, financial health, customer satisfaction, marketing practices, and more. 

Policygenius takes a comprehensive approach to determine the best no-medical-exam life insurance companies out there. We don't get paid for reviews and evaluate an extensive set of criteria to come up with company ratings designed to help you find the right insurer. 

→ Learn more about our ratings methodology for life insurance reviews here

Frequently asked questions

What are the best no-medical-exam life insurance companies?

The best no-medical-exam life insurance company for you depends on your background, but we recommend Brighthouse and Lincoln Financial as our top choices.

Is no-medical-exam life insurance more expensive?

Term life insurance with no medical exam is the same price or cheaper than fully underwritten life insurance. No-medical-exam whole life insurance is more expensive than any term life policy, but can be priced similarly to fully underwritten whole life insurance.

What is the best type of no-medical-exam life insurance?

Term no-medical-exam life insurance policies are the best for most people because they offer the most affordable rates.

Who should get no-medical-exam life insurance?

Anyone, really! If you’re eligible for no-medical-exam life insurance, it is a contactless life insurance option that often speeds up the application process.