3 Best No Exam Life Insurance Companies In 2019 // Rates & Reviews

May 22, 2019 (0) comment

no exam life insurance companies

Choosing the best life insurance company can be complicated and it's hard to know where to start with hundreds of companies and policies to choose from. 

What if I told you we have taken all of the guess work out and narrowed it down and compared 3 of the best no exam life insurance companies in the United States.

In this post we will compare and review these top life insurance companies, explain why they are the best options in 2019 and go over some sample rates.

Let's dive in!

no exam life insurance companies

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3 Best No Exam Companies Comparison

1st


bestow life insurance logo

Bestow is backed by A+ rated ​North American, and is our #1 recommendation. Competitive rates and fastest application & approval process earned it the 1st spot. Click below to get an accurate quote.

2nd


haven life review, haven life, haven life logo

Haven Life is backed by A+ rated Mass Mutual, and is our #2 recommendation. Solid rates and easy application process earned it the 2nd spot.
Click below to get an accurate quote.

3rd


ethos life logo

Ethos is backed by A- rated ​Assurity Life, and is our #3 recommendation. ​Multiple Policy riders and ​a fast approval process earned it the 3rd spot.
Click below to get an accurate quote.


1. Bestow

bestow life insurance logo

​Bestow is our #1 recommended ​no exam life insurance company.   

They are the only product on the market that offers a true no exam experience from the application process all the way through to the approval.

If you need affordable life insurance​ without a medical exam, there is no ​faster option in the life insurance space today.

bestow life

​Features & Benefits

Why buy coverage from Bestow? Here are just a few reasons they're our favorite...

  • ​Up To $1,000,000 In No ​Medical Exam Coverage
  • ​Get An Instant Approval In 5 Minutes
  • ​No Exam, No Blood Tests & No Waiting Period
  • ​Secure And Simple Online Application
  • No Pushy Sales Calls
  • 2 Year Term Life Insurance Option
  • 30 Day Money Back Guarantee

Bestow has also designed a brand new underwriting framework and built ​one of the best processes ​for ​purchasing life insurance online.

​Your application will be underwritten in real time, so, ​the questions will change and update as you answer one question to the next.  This means that by the end of the application your underwriting is done and your decision is issued instantly.

​No other company ​has an underwriting platform that is designed to function the way Bestow has set theirs up.  Their policies are issued by North American Company for Life and Health Insurance which is rated A+(Superior) by A.M. Best.

Bestow Reviews (4.9/5) 

​Bestow has received over 100 reviews from verified policy holders, averaging 4.9 out of 5 stars.

In fact, they have an A rating from the Better Business Bureau (BBB), and even though they don't have any reviews on the BBB yet, they have absolutely no complaints filed against them.  

bestow bbb reviews

​Want to learn more? Read our full Bestow review here.

Sample Quotes & Rates

​Bestow has some of the lowest rates when it comes to no medical exam term life insurance, check out our sample rates below:

  • ​Bestow Rates For ​Women
  • ​Bestow Rates For ​Men

*Rates are based on a 20 Year Term Policy - Non-tobacco Male with a preferred health rating

​Age

​$250,000

​$500,000


20 Years Old


$15.00


$25.00


25 Years Old


$15.00


$25.00


30 Years Old


$16.00


$26.00


35 Years Old


$18.00


$33.00


40 Years Old


$24.00


$43.00


44 Years Old


$32.00


$60.00

​Keep in mind that the rates are going to be different for everyone based on your exact age but the above rates are pretty close.

As you can see, you can get a ton of coverage for a very affordable rate, to get the best rate you should look at different term lengths and coverage option combinations.

Pro Tip: If you are a tobacco user your rates are going to be a bit higher and the above sample rates don't apply to you.  It is best to click through to see your rates.

Click here to see our guide to buying life insurance, full of tips, strategies and more!

​Bonus: ​It is recommended that you purchase at the least 10x(times) your annual income in life insurance coverage.  However, I always like to recommend 15x to 20x(Times) if you can afford it.

*Rates From $2.50/month (30-Day Free Look Period)
*Rates based on a female in her mid 20's 2 Year Term, $50,000 term policy in excellent health.


2. Haven Life

haven life logo large

​Coming in at a close second to Bestow is Haven Life, another one of the best places to buy no exam life insurance online.

Just like Bestow, Haven Life allows you to purchase life insurance online very fast and you also have the ability for an immediate decision.

Even though they offer a 30 year term, there is a possibility, based on your ​health, that you might have to take an exam.

haven life

Features & Benefits

Some reasons why Haven made the cut:

  • ​Up To $3,000,000 In No ​Medical Exam Coverage*
  • ​Get An ​Immediate ​Decision In 10 Minutes
  • ​Secure And Simple Online Application
  • No Pushy Sales Calls
  • ​10 Day Money Back Guarantee

​*Depending on your health you might have to take an exam to be covered.

Haven is also one of the first companies that offers the ability to apply for term life insurance up to $3,000,000 with an easy, online process and without the need to consult an agent.

​Through its partnership with MassMutual, they have created a process called InstantTerm, which allows coverage to begin immediately for some qualified applications (up to age 45).

And just like Bestow, their system can underwrite you while you are completing ​the application for an ​Immediate Decision. Their policies are issued by ​MassMutual which is rated A+(Superior) by A.M. Best.

​Haven Reviews (4.5/5) 

Haven life has received over 552 5-Star reviews on Trustpilot, so the overall experience that people are having with them is pretty good.

However, even though they have an A+ rating with the BBB they currently have a 1-star customer review and 2 customer complaints over the last 3 years about the speed of their approval process.

haven life bbb reviews

Sample Quotes & Rates

Haven life also has very affordable rates when it comes to term life insurance with no medical exam.

  • ​HAVEN Rates For ​Women
  • ​​Haven Rates For ​Men

​*Rates are based on a non-tobacco female with a preferred health rating looking for a 20 Year Term.

​AGE

$250,000

$500,000


25 Years Old


$11.42


$16.83


30 Years Old


$11.63


$17.25


35 Years Old


$12.25


$18.50


40 Years Old


$​16.00


$25.58


​45 Years Old


$22.46


$38.92


50 Years Old


$​32.67


$58.08

​Again, keep in mind that the rates are going to be different for everyone based on your exact age​ and health but the above rates are pretty close to your real rate.

As you can see, you can get a ton of coverage for a very affordable rate, to get the best rate you should look at different term lengths and coverage option combinations.

Pro Tip:​ Once you click through any of these insurance companies you can get quotes without giving any personal information.

*Rates From $7.33/month (10-Day Free Look Period)
​*Rates based on an 18 year old female buying a 10 Year $100,000 term policy, she is in excellent health and a non-tobacco user.


3. Ethos

ethos life logo

​Last but not least we have Ethos which is the youngest entrant of the 3 companies but still offers some great options for​ term life insurance with no exam online.  ​

​They do offer higher benefit amounts than both of the above companies; however, the average person probably doesn't need the maximum amount of coverage they offer of $10,000,000.

​If you need more than $1,000,000, however, you will have to take an exam.

ethos life

Features & Benefits

​Ethos made the top 3 due to their fast application process and that they have multiple policy riders available as you can see below:

  • ​Up To $1,000,000 In Coverage - No ​Medical Exam ​Required
  • ​Get A ​Quick Approval In 10 Minutes
  • ​No Exam, No Blood Tests & No Waiting Period
  • No Pushy Sales Calls
  • ​Secure And Simple Online Application
  • ​Return of Premium Term Life Insurance Option
  • 30 Day Money Back Guarantee

​Like ​Haven & Bestow, Ethos accesses data, such as your motor vehicle and prescription drug records, and uses predictive analytics to decide whether you qualify and to determine rates.

Ethos really wants to focus on being ethical and helping you get fast life insurance and without needing an agent.

Ethos is also one of the few companies that is offering coverage starting at $25,000.  This is a great option because it means you have the ability to keep your premiums lower.

Their policies are issued by ​Assurity Life which is rated A-(​Excellent) by A.M. Best.

​Ethos Reviews (4/5) 

​Ethos has received over 190 5-Star reviews on Trustpilot out of a total of 236 reviews, so over 80% of customers that purchase through them have a great experience.

​They have an A+ rating with the BBB along with 0 reviews and 0 compalints so far​. 

ethos bbb review

Sample Quotes & Rates

​Ethos life is going to have the most expensive rates out of the three we have reviewed; however, they offer up to $10,000,000 in coverage if you need that much... Below are the sample rates:

  • ​ETHOS Rates For ​Women
  • Ethos Rates For ​Men

*Rates are based on a 20 Year Term Policy - Non-tobacco Female with a preferred health rating

​Age

$250,000

$500,000


20 Years Old


$14.00


$22.00


25 Years Old


$14.00


$22.00


30 Years Old


$14.00


$2​3.00


35 Years Old


$19.00


$​32.00


40 Years Old


$26.00


$​45.00


45 Years Old


$34.00


$​60.00

*Rates From $7.00/month (30-Day Free Look Period)
​*Rates based on an 18 year old female 10 Year Term, $25,000 term policy in excellent health.

​Types Of No Exam Life Insurance Coverage

​There are only two different types of no exam life insurance coverage and we go over them below:

No Exam ​Life Insurance

​When people think of no medical life insurance they often think it automatically means no underwriting and no medical records.

However, that isn't the case, a true no physical exam policy does just that, it doesn't require a physical, but it does require the same underwriting requirements of:

  • ​Medical Records (APS)
  • ​Telephone Interview
  • ​Prescription Drug Report (Intelliscript)
  • ​Motor Vehicle Record (MVR)
  • Medical Information Bureau Report (MIB)

​If you look at this list, you might realize that while a no exam policy is still faster, it only cuts about 2 weeks off of the wait time of a traditional life insurance ​application process.

​Simplified Issue Life Insurance - What The 3 Products Above Are

​A simplified issue term life insurance policy is what most people are thinking about when they say they are looking for a life insurance policy with no physical. 

It's because this policy doesn't request a medical exam, nor does it require doctor records and most of the time no telephone interview; the underwriting requirements look like this: ​​

  • ​Prescription Drug Report (Intelliscript)
  • ​Motor Vehicle Record (MVR)
  • Medical Information Bureau Report (MIB)

​These request can be pulled​ instantly ​during ​your application and by the time you are done, you get an answer of either Approved or Declined.

There really isn't any type of waiting and that is why it is called Simplified Issue.

​Luckily for you, ​the 3 product we discussed today offer ​this simplified issue style of approvals.

Who Should Buy A No Exam Policy

No ​physical exam life insurance coverage is ​best for ​people looking to get life insurance ​​without waiting as well as: 

  • ​Someone afraid of needles
  • ​People who can't look at blood
  • ​You are trying to fund an SBA Loan fast
  • ​If you need life insurance as a young adult
  • ​If you don't have time to complete an exam
  • ​When dealing with life insurance and divorce
  • ​You Don't want to wait 3 weeks to get ​your coverage started

​​No medical exam life insurance ​is becoming the new way to purchase life insurance in general and if you need coverage fast, just go with no exam.

​No Exam Life Insurance Companies Ratings

Financial standings and ratings are one of the most important factors mentioned above when trying to determine which life insurance company to choose. 

This is because their rating is determined based on their financial health and claims paying history and ability.

You want to be sure that you are with a company that will be able to pay their claims if you pass away. 

Take Action - You Decide

​So there you have it, the 3 best no exam life insurance companies in 2019.  

I hope you all enjoyed our review and are more educated on which company will work best for you with no exam life insurance. 

​Be sure to get covered as soon as it is possible and ​you should apply to more than one company if you can't decide because it doesn't cost anything to apply.

There is nothing better than peace of mind!


Sa El is the Co-Founder & CEO of Simply Insurance. He is a Licensed Life and Health Insurance Agent with over 10 years of experience in the industry. He is an Entrepreneur, Insurance Educator and Field Underwriter. Sa is on a Journey to get 1 Million Families insured.

All posts by Mark Mathon

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