Best No Exam Life Insurance for Seniors

Written by: 
Matt Kiggins
Last updated: 
Apr 21, 2023

Many life insurance companies require medical exams before they offer coverage, but this isn't good news for those who suffer from health issues or who don't want to deal with the aggravation of undergoing an exam. So if you are shopping for the best no-exam life insurance for seniors, you could be wondering how to bypass one of these exams while still securing coverage with a decent death benefit. Fortunately, there are some policies that you can snag without seeing a physician, but you have to know how to shop for them if you want to find the best life policy for the best rate.

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How Does No Exam Life Insurance for Seniors Work?

You might be looking for no-exam life insurance for seniors for many reasons. If you or your elderly loved one suffers from one or more medical issues, you might be afraid that the no-exam life insurance company won't provide coverage, or your rates will be significantly elevated. However, you can avoid these issues by seeking no-exam life insurance for seniors. You may face higher premiums than a term life policy. However, no medical exam insurance can still be an excellent option for those with health conditions or who might need long-term care and who may want to avoid a strict underwriting process.

Unfortunately, most whole life and term life insurance companies require medical exams for seniors 65 years old or older. This means you may need to look into burial insurance instead of purchasing no medical exam life insurance with a decent cash value. Many companies are highly rated on the A.M. Best ratings and offer this type of insurance, including Mutual of Omaha, American National, and TransAmerica.

In addition to providing a no medical exam life insurance policy, these companies also offer other options, including 10-year term, 20-year term, and 30-year term life insurance policy options and more. Your medical history, the coverage amounts you are looking for, and more will help you choose a term, whole life, or guaranteed issue life insurance option.

No Exam Life Insurance for Seniors Facts:

  • Although you can often purchase policies with high face values when seeking whole life or term life insurance, this isn't the case with burial insurance. Unfortunately, the face value generally ranges between $5,000 and $35,000 if you want to avoid a medical exam policy or are concerned about your medical records and pre-existing conditions getting in the way of purchasing whole life or universal life insurance. Luckily, this type of policy is typically enough to cover the funeral expense and some basic other final expenses.
  • The good news about a burial insurance policy is that the lump sum is paid out to the beneficiary in full. This means that they can determine how to spend the money. For example, your beneficiary might choose to spend $5,000 on a funeral and can then use the payout to pay for any leftover medical bills or other final costs.
  • Suppose you want to look into no-exam life insurance for seniors; use our search feature to find out what is out there regarding traditional life insurance. However, suppose you or your loved one is younger than 65. In that case, you might be able to get a small whole life insurance policy, term insurance, or another type of coverage without a medical exam, even if you have a chronic illness or certain medical conditions.
  • You need to know that many burial insurance policies require a two-year waiting period. This means there will be no coverage if you or the insured passes away within these 24 months. Luckily, no exam life insurance companies will refund the premiums paid if this is the case. Also, you can look for a policy that will waive this waiting period if you need coverage now; sometimes, companies offer this option. Different companies offer different options during the application process, so ask before your plan is underwritten to find out about your options.

How to Find Best No Exam Life Insurance Quotes for Seniors

Regardless of whether you are simply trying to bypass a medical exam or would like to seek coverage without any health questions, we can help. We work with many A-rated life insurance companies that sell no-exam life insurance for seniors, term life insurance for seniors, and whole life insurance to customers from several states. By simply entering your ZIP code into the form displayed at the top of the page, you can start looking at burial insurance and other options immediately. By comparing your options, you are sure to find the best coverage for you or your parents, whether you're in good health or not.

In addition to helping you find the best no-exam life insurance plan for seniors so that you can become a policyholder, we will also help you find the best rate for senior life insurance. Our goal is to reduce the hassle and help you gain peace of mind, and we even have licensed insurance agents on standby who will help you purchase affordable life insurance coverage. So don't wait; look into life insurance quotes on our website today!

Matt Kiggins
Matt Kiggins
Senior Editor
SimpleAdvisor.com

For over 15 years, Matt Kiggins has been the senior editor at Simple Advisor, giving detailed advice on Medicare, life insurance, and dental coverage to thousands of clients in more than forty states. His demonstrated expertise in assisting people with their health plan selection is remarkable — it’s evident that he stands out among competitors as the go-to source for knowledge and support.

Matt holds a resident 2–15 Florida Health & Life (Including Annuities & Variable Contracts) Agent License in Florida, his state license number is P116762 (Issued 10/1/2007).

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Matt Kiggins
Matt Kiggins
Senior Editor
SimpleAdvisor.com

Matt Kiggins is the producer appointed to oversee the content written on SimpleAdvisor.com.

Every agent representing PG holds a state-issued producer license for the states they serve.

Below is a list of Matt's active state license numbers:

Alabama

Alaska

Arizona

Arkansas

California

Colorado

Connecticut

Delaware

Florida

Georgia

Idaho

Illinois

Indiana

Iowa

Kentucky

Louisiana

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What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

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