No-Exam Life Insurance Cost
Frequently Asked Questions
How much does no-exam life insurance cost?
No-exam life insurance costs 10-30% more than traditional policies with a medical exam. For $500K 20-year term: 30-year-old: $25-$40/mo (vs $20-$30 with exam), 40-year-old: $40-$65/mo (vs $30-$50 with exam). The convenience of skipping the exam comes at a modest price premium.
Is no-exam life insurance worth it?
No-exam life insurance is worth it if you: want fast approval (minutes vs 4-6 weeks), have a needle phobia, are generally healthy, or need coverage quickly. If you have excellent health and are willing to wait, a traditional policy with exam will cost less.
What is the maximum coverage for no-exam life insurance?
Most no-exam policies max out at $1-$3 million. Some companies offer up to $5 million without an exam for younger, healthier applicants. Common limits by company: Haven Life ($3M), Bestow ($1.5M), Ethos ($2M), Ladder ($8M with accelerated underwriting).
Can you be denied no-exam life insurance?
Yes. No-exam does not mean no underwriting. Companies still review your application, prescription history (MIB, Rx databases), driving record, and credit history. You can be denied for health conditions, medications, or hazardous occupations/hobbies.
How fast can I get no-exam life insurance?
Many no-exam policies provide instant or same-day approval. Online applications take 5-20 minutes. If approved, coverage can start immediately. Some applications require a brief phone interview. Traditional policies with medical exams typically take 4-8 weeks.