No-medical exam life insurance rates

No-medical exam life insurance can reduce the underwriting process by weeks and get you insured faster. Compare no-medical exam life insurance rates below to see if this type of policy is right for you.

Rebecca Shoenthal author photo


Rebecca Shoenthal

Rebecca Shoenthal

Editor & Licensed Life Insurance Expert

Rebecca Shoenthal is a licensed life, disability, and health insurance expert and a former editor at Policygenius. Her insights about life insurance and finance have appeared in The Wall Street Journal, Fox Business, The Balance, HerMoney, SBLI, and John Hancock.

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No-medical exam life insurance refers to any type of life insurance that does not require a medical exam to qualify for a policy. Most life insurance policies require a 30-45 minute physical exam. While the exam itself isn’t complicated and can be done from the comfort of your home or office, it can add extra time to the underwriting process

No-medical life insurance underwriting uses past health records to determine your rates. Not everyone qualifies for this type of life insurance, but it’s worth asking your agent or broker if you qualify. Term life insurance with no medical exam is more affordable than whole life insurance options, which are reserved for older individuals and can be expensive. 

Below, we’ll compare rates for no-medical exam term life insurance options.

How much does no-medical exam life insurance cost?

The type of policy, your age, your health, your gender, and your hobbies all influence the cost of life insurance, and no-medical exam life insurance is no different. Term life insurance costs less than whole life insurance across the board, and the same is true for no-medical exam term life. 

Based on Policygenius data, a 50-year-old male would pay $136.96 per month for a $25,000 guaranteed issue policy. But a 50-year old male who qualifies for a term no-medical exam policy could pay $87.63 per month for a $500,000, 20-year policy—20 times the coverage for about $50 less.

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No-medical exam term life insurance rates in 2022

No-medical exam term life insurance rates are lower than permanent life insurance products. Term life insurance lasts for a specific period (the “term”) and pays a death benefit to your loved ones if you die during the term.

Check out rates below for a 20-year, $500,000 no-medical exam term life insurance policy:


No-medical exam whole life insurance rates in 2022

No-medical exam whole life insurance, often referred to as final expense life insurance, is much costlier than term life policies. This type of policy is best for older people, or those in poor health who have an urgent need for life insurance. The two main no-medical exam whole life products include simplified life insurance and guaranteed issue life insurance. Virtually every applicant is approved.

Below are sample costs for a guaranteed issue, simplified issue, and no-medical exam term life policies for a 60-year-old man to illustrate the cost differences:

Type of final expense insuranceLength  Coverage   Monthly cost 
Guaranteed issue life insuranceN/A     $25,000.00 $186.07      
Simplified issue life insuranceN/A     $25,000.00 $97.94       
No-med term life insurance     20 years$250,000.00$127.49      

Who should get no-medical exam life insurance?

Younger applicants in good health can apply for no-medical exam term life insurance for affordable coverage with a simplified application and underwriting process. Seniors or younger applicants with prohibitive medical histories or conditions may benefit from no-medical exam whole life insurance. However, traditional term life insurance is more affordable and flexible than whole life insurance with no medical exam.

Reach out to a Policygenius agent today for free to learn more about no-medical exam life insurance. 

Frequently asked questions

What life insurance does not require a medical exam?

No-medical exam, sometimes called “accelerated underwriting” life insurance policies do not require a medical exam to get covered. This includes certain types of term life insurance and final expense whole life insurance.

Is no-medical life insurance more expensive?

No-medical exam term life insurance rates are comparable to traditional term life insurance policies. No-medical exam whole life insurance rates are more expensive for less coverage.

Can you get life insurance without medical records?

No. Life insurance rates are set based on several factors, including your health. Even no-medical exam life insurance underwriting requires medical records and history to issue a policy.