Are you looking for a life insurance policy without an exam but still at a rate similar to a policy with an exam? The good news is now there are several companies that offer up to $750,000 no exam life insurance.
What has changed? Most companies that offer no exam life insurance over $500,000 are either awfully expensive or are very difficult to qualify for the no exam option. In fact, for the companies that offer accelerated underwriting such as Prudential, Lincoln and Principal, only about 45% to 55% qualify for the no exam option. That is why being able to qualify for $750k no exam life insurance at rates that are competitive with fully underwritten policies is almost unheard of.
Due to the demand this year with Covid-19 for no medical exam in-person visits, two of the best companies for non medical exam life insurance policies have increased their limits. Previously, they to used to offer up to $500,000 no exam life insurance but have now increased their limits to $750,000! These are ‘Excellent’ rated by A.M. Best companies, and their rates are on par with fully underwritten policies and many times even less than fully underwritten policies with companies such as New York Life, State Farm or Primerica.
Table of contents
How to qualify for $750k no exam life insurance
1. Compare rates and choose a company
Receive quotes to see which company will offer the best rate.
2. Complete the telephone interview (if required)
Complete the phone interview in place of the medical exam.
The underwriter will review the application.
4. Policy Delivery
Once approved, the policy will be emailed to review, e-sign and activate the policy.
$750,000 no exam life insurance policy cost
Below are the available rates for a male at the preferred plus health class for a $750,000 no exam term life insurance policy.
|Age||10 Year Term||15 Year Term||20 Year Term||25 Year Term||30 Year Term|
|30||$17 month||$19 month||$26 month||$40 month||$44 month|
|35||$18 month||$22 month||$31 month||$48 month||$52 month|
|40||$24 month||$34 month||$44 month||$69 month||$75 month|
|45||$38 month||$53 month||$70 month||$110 month||$119 month|
|50||$60 month||$85 month||$122 month||$176 month||$201 month|
|55||$104 month||$147 month||NA||NA||NA|
|60||$168 month||$251 month||NA||NA||NA|
$750,000 life insurance no exam vs $750,000 life insurance with exam
Below are the rates for a 45 year old male, preferred plus health class on a 20 year term. The policies that will never require a medical exam or in-person interview are highlighted in blue.
Lincoln Financial Life Insurance Company: $66 month
Symetra Life Insurance Company: $66 month
Protective Life Insurance Company: $66 month
Banner Life Insurance Company: $66 month
Pacific Life Insurance Company: $67 month
AIG-American General Life Insurance: $67 month
Savings Bank Life Insurance Company: $70 month (no exam)
Bestow Life (North American): $72 month (no exam)
John Hancock Life Insurance Company: $76 month
Ethos Life (Banner Life) $77 month (no exam)
MassMutual Life Insurance Company: $81 month
Northwestern Mutual Life Insurance Company: $80 month
Prudential Life Insurance Company: $83 month
Mutual of Omaha: $86 month
Northwestern Mutual Life Insurance Company: $80 month
New York Life Insurance Company: $95 month
Primerica Life Insurance Company: $100 month
As you can see from the rates above, many of those rates for $750k life insurance without an exam, are less than fully underwritten policies.
$750,000 no exam underwriting requirements
Savings Bank Life Insurance- (SBLI)
Financial Rating: A (Excellent) A.M. Best
Year Founded: 1907
Ages: 18-60 years old
Health Classes: All rate classes available- Preferred Plus, Preferred, Standard Plus, Standard
Products: Level term life insurance and whole life insurance
Policy Benefits: Conversion option– Conversion to either a whole life policy or a universal life policy at any point prior to the earlier of attained age 70 or the end of the level term period. Conversion to universal life is only allowed on face amounts greater than or equal to $100,000.
Accelerated death benefit– Automatically included at no additional cost, providing early access to a portion of the death benefit if the insured is diagnosed with a terminal illness.
How it works: seamless digital process from start to finish. No in-person medical exam or fluid collection is required; instead a tele-med interview is conducted to complete an application, which can be signed electronically by the client. Upon issue, the client is able to accept and pay for the policy entirely online.
Bestow Life Insurance- (North American)
Financial Rating: A+ (Superior) A.M. Best (North American)
Year Founded: 2016 Bestow, North American 1886
Ages: 21-60 years old
Health Classes: All rate classes available- Elite, Preferred, Select, Essential
Products: Level term life insurance
How it works: 100% online digital application process from start to finish. No in-person medical exam or fluid collection is required; no tele-med phone interview or the need to speak to an agent. Upon issue, the client is able to accept and pay for the policy entirely online. Whole process can be completed in minutes, if approved. This policy is designed for applicants in good health.
Ethos Life Insurance- (Banner Life)
Financial Rating: A+ (Superior) A.M. Best (Banner Life Insurance Company)
Year Founded: 2016 Ethos, Banner Life (Legal & General) 1836
Ages: 20-60 years old (For a $750k level term policy with Banner Life)
How it works: 100% online digital application process. No in-person medical exam or fluid collection is required. Similar to other no-exam accelerated underwriting term policies, many younger and healthy applicants can receive a quick decision from Banner Life via the Ethos platform.
$750,000 ($750k) no exam life insurance policy- wrap up
Securing a $750k ($750,000) no medical exam life insurance policy at rates comparable to a life insurance policy with an exam is now available. In the past, the rates for $750k of life insurance coverage without a paramed exam were extremely expensive and very difficult to qualify for. Now, many can secure three quarters of a million dollars of life insurance without an in-person medical exam or fluid collection. Again, the best of all, now the rates are similar or in many cases less than other companies polices that require an exam. Securing a policy to protect your loved ones and proving peace of mind for this amount of coverage without the medical has never been easier.
Let us help you secure a $750k life insurance policy without the medical exam at rates comparable or in many cases less than fully underwritten polices that require the health exam. We have been helping people for over 12 years and we know how to help you get the best policy.
Why use us? There is never any charge for our services, the same price get with us same price if went to the carrier directly. As your advocate, we can talk to the insurance company during and after underwriting on your behalf. Also, we can always pivot to another company if anything comes up during underwriting, again, there are absolutely no charge for our services. That is why over 4,000 people have used us to secure their life insurance at the best rate.