Having No Exam Life Insurance is important to ensuring that you have a complete financial plan. With this type of coverage, the proceeds can be used by your loved ones and survivors for paying off debt and / or continuing to pay their retirement or living expenses going forward. It can also be used for paying the high cost of final expenses – which today, can reach more than $10,000.
Obtaining the coverage that you need, however, may not be easy for some people as it is for others. If for instance, you have an adverse health condition, then it could be somewhat challenging to get policy approval.
The good news is that you have another possible option – no medical exam life insurance. So, if you have been turned down in the past for medically underwritten coverage, then you may still be able to secure the life insurance coverage that you need to be sure that your loved ones are taken care of in case of the unexpected.
What is No Exam Life Insurance
No exam life insurance is a type of life insurance coverage that will not require you to undergo a medical examination in order to qualify. This can help you to secure the coverage that you need – even if you have certain health issues, and / or if you work in a dangerous occupation where you may consider a higher risk by the insurance carrier.
Often, no exam life insurance will also be offered to seniors – those who are between the ages of 50 and 80 – to ensure that they have proceeded for the payment of their final or burial expenses. Because of that, these policies may often be referred to either as a final expense or burial insurance.
With final exam life insurance coverage, you may also find that the policy is able to be approved relatively quickly – sometimes in just a day, or even less. This is because the insurance company’s underwriters will not need to review extensive medical information that oftentimes slows down the process. What this means for you is that you can have your coverage right away.
Top 5 Best No Exam Life Insurance Companies
There are many insurance companies that offer no medical exam life insurance coverage. However, there are some insurers in the marketplace today that may be better than others when it comes to this particular type of policy. These include:
Gerber Life Insurance Company
Gerber Life Insurance Company has been in the business of offering life insurance to its customers since 1967. Although most people know this company as the entity that offers baby food, it also provides a number of different life insurance plans that can help in protecting children and adults.
This company offers its life insurance policies throughout the United States, as well as Puerto Rico and Canada. Gerber offers term and whole life insurance that is a simplified issue and does not require a medical exam in order to qualify for the coverage.
Coverage can be obtained with these plans for up to $25,000 in death benefit protection. Often, these plans can be approved within just days, with an application that can be completed in only minutes. Gerber also offers an accident protection policy that does not require a medical examination to qualify for the policy.
Gerber Life Insurance Company is also considered to be strong and stable from a financial standpoint, and it has a good reputation for paying out its policy holder’s claims. Because of that, the company has been given a rating of “A” (Excellent) by A.M. Best.
While Gerber Life Insurance Company is not an accredited company of the Better Business Bureau (BBB), the BBB has given Gerber a grade of A+ (on an overall grading scale of A+ to F). Over the past three years, Gerber has closed out 76 customer complaints via the BBB.
To learn more about this company, read over our Gerber Life Insurance Company Review!
American National
American National Life Insurance Company has been in the business of providing insurance protection products since 1905. Today, this company is one of the largest life insurance carriers in the U.S. with more than 5,000 policyholders.
There is a wide variety of no exam life insurance coverage to choose from via American National – including both term and permanent coverage. The company’s Freedom Term Life Insurance policy offers benefit periods of 10 years, 20 years, and also 30 years, with a face amount of coverage up to $250,000. When applying for this coverage, the applicant may be approved same day – in as little as just 15 minutes.
This company also offers a permanent life insurance policy that does not require a medical examination for approval. Coverage is available up to $25,000 with the ValueGuard Whole Life plan, and there is also the ability to build up cash value within the policy. This plan offers the ability to get approved with no health questions asked on the application. Therefore, as long as the policy’s premium is paid, coverage is guaranteed. Those who are between the ages of 50 and 80 may apply.
Both the amount of the death benefit, as well as the amount of the premium that is charged, cannot be changed by the insurance company once the coverage has been approved. However, if the insured passes away within just two years of owning the policy, the death benefit that is paid out to the named beneficiary will be just the amount of the premiums that were paid in, plus 10%. If, however, the insured passes away after owning this policy for more than two years, then the entire amount of the stated death benefit will be paid out (minus any unpaid cash value loan balance).
To learn more about this company, read over our American National Life Insurance Company Review!
Mutual of Omaha
Mutual of Omaha has been offering life insurance products for more than 100 years. This company is also considered to be very strong from a financial standpoint, with ratings of A+ (Superior) from A.M. Best, A1 (Good) from Moody’s Investors Services, and AA- (Very Strong) from Standard & Poor’s. 
This insurer offers many different life insurance products to choose from, including both a term and a permanent insurance option that doesn’t require a medical exam in order to be approved. The Term Life Direct plan will provide coverage for those who are between the ages of 30 and 74, and coverage amounts can be chosen between $25,000 and $100,000.
The Whole Life Guaranteed policy offers both death benefit coverage as well as a cash value component. This plan is guaranteed issue, so as long as the premium is paid, coverage can be approved – and will remain in force.
This policy has eligible issue ages of between 45 and 85, and death benefit coverage can be chosen between $5,000 and $20,000. In addition, once the policy has been issued, the premium amount will never increase – even as the insured gets older and / or obtains a severe (or a more severe) health condition.
With the Whole Life Express permanent life insurance coverage from Mutual of Omaha, those who are between the age of 18 and 85 may apply. Coverage may be chosen between $20,000 and $50,000 for those who are over the age of 44. If younger than 44, coverage of between $5,000 and $50,000 may be obtained. This whole life policy provides guaranteed coverage throughout the insured’s lifetime, or the life of the policy and the premium amount will never go up.
To learn more about this company, read over our Mutual of Omaha Life Insurance Company Review!
Sagicor
Sagicor Life Insurance Company has been offering life insurance coverage since the mid-1800s. This makes it one of the oldest insurance companies in the Americas. The company has more than $1,193.5 million is assets, and it is licensed to offer coverage in 45 U.S. states, as well as the District of Columbia.
This company is rated with an A- (Excellent) by A.M. Best. This rating is based on the company’s financial strength and its ability to meet its ongoing financial and policyholder obligations. This insurance carrier also has an A+ rating from the Better Business Bureau (BBB), based on a grade scale of A+ through F. 
With Sagicor, individuals can obtain either term or permanent life insurance coverage that does not require a medical examination. The term policy offers death benefit protection of between $25,000 to $500,000.
The universal life insurance product provides both death benefit protection, as well as a cash value component. With this plan, face amounts can also range between $25,000 and $500,000. For those who are diabetic, this company also offers coverage. All of the no exam life insurance policies that are offered via Sagicor provide quick approval times so that coverage can be in force within just days (or sooner).
To learn more about this company, read over our Sagicor Life Insurance Company Review!
Assurity
Assurity Life Insurance Company has been in the business of offering life insurance to its customers for more than 120 years. It is considered to be a strong and stable insurer financially and has been given a rating of A (Excellent) by A.M. Best.
With this company, there is a wide array of different no medical exam life insurance policies to choose from – both in the term and the permanent life insurance coverage categories. The Term 350 plan is offered to applicants who are age 18 to 65, with coverage up to $350,000.
There is also a whole life insurance option which provides death benefit protection, along with a cash value component. With Assurity’s Simplified Issues Life Insurance Policy, the amount of benefit that can be obtained will be based on the health-related questions that are asked on the application for coverage. However, there is no medical examination that is required.
To learn more about this company, read over our Assurity Life Insurance Company Review!
Who Should Consider No Medical Exam Life Insurance?
While no exam life insurance coverage may not be right for everyone, there are several types of individuals that should consider this type of life insurance. For example, if you have an adverse health condition and are unable to qualify for a medically underwritten life insurance policy, then a no exam policy could be a good fit – even if you had been turned down for life insurance coverage in the past.
There are also some individuals who are fearful of needles – and because of this, going with a medically underwritten life insurance policy that requires the taking of a blood sample may not be very appealing. However, if you fit into this category, a no exam life insurance policy may be a good alternative for you. Going this route can allow you to still provide your loved ones with peace of mind, yet without having to be uncomfortable during the application process. No medical exam life insurance can also mean that your coverage can be in force very soon.
How to Find Quotes for No Exam Life Insurance
If you are seeking quotes for no exam life insurance – or if you are ready to move forward with the purchase of no medical exam life insurance – then it is typically best to review the policies, the benefits, and the premium quotes from more than just one life insurance company. This way, you will be able to review what is available to you in an unbiased manner, and from there choose the policy that may work the best for you.
Working in conjunction with an independent life insurance agency or brokerage, you will be able to make these comparisons very quickly, as versus having to contact each of the insurance companies individually. This can save you an abundance of time and effort.
When you are ready to review no medical exam life insurance, we can help. We work with many of the top life insurance carriers in the industry, and we can provide you with the details that you need. So, just take a few moments to fill out the form on this page.
If you have any additional questions regarding no exam life insurance companies, please feel free to contact us directly, toll-free, at 334-380-4188. Today, you have options available to you for the coverage that you want and need. So, contact us, we’re here to help.
