$500,000 Life Insurance No Medical Exam (Tips and Tricks)

Luckily, getting a $500,000 no medical exam life insurance policy is getting easier and easier. Some of the newest insurance contracts are even letting you do everything online, getting approval and a policy in place within 45 minutes.

Many companies offering no exam life insurance have $250,000 in coverage limits. For many Americans, that limited benefit is just too low to provide for their family.

In this article, you will learn how to easily get a $500,000 no exam life insurance policy. Then we’ll review some of the best life insurance companies based on their financial stability, policy quality, competitive rates, and willingness to help out their customers so you can find the best option.

Quick Summary

Many Americans are simply too busy to bother with the medical exam of a traditional life insurance policy. It can be a hassle and time-consuming. Plus, if you need life insurance without any waiting period, it can cut the process down from weeks to days, if not minutes.

No exam life insurance used to have much higher premiums when it was first introduced. Since then, a growing number of companies began offering no exam policies. Competition has significantly reduced the cost of what you pay.

Different companies have different age, health, and face amount requirements. For the application process, you will have to answer a brief questionnaire, including medical questions. Remember that all insurers will also check some databases, such as the Medical Information Board, the Prescription Rx database, and your state DMV.

How Does No Exam Life Insurance Work?

It’s super easy.

Different companies have slightly different methods of underwriting their no exam policies. Once you get into the $500,000 life insurance range, they may ask a few more questions than smaller benefits, but you’ll still skip the medical exam.

The process always begins the same. Choose the type of policy with the right benefits and premium for your family. You can use a free tool like the Life Insurance Needs Calculator to see what the right amount of insurance is for your situation. (Hint: it’s never a multiplier of your income. That doesn’t account for variables like how many kids you have or the size of your mortgage.)

Then you’ll fill out the application.

From there, it differs. New companies are developing ways to do this entirely online. Many still ask for a telephone interview where they ask you most of the same questions that were on your application. That’s mostly to check for inconsistencies against your application.

Then, the life insurance company will send you an offer. Assuming the process went smoothly, the offer will be the same premiums and benefits you requested.

The process can take as little as 24 hours, sometimes a week or two.

That’s in contrast to standard life insurance applications where scheduling the paramed exam can be a month out. Then you have to wait for the lab results to come back and for the underwriter to review them and make a decision. The normal life insurance process can take 4 – 8 weeks. Nothing big, but it feels nice to get life insurance checked off your to-do list fast.

How Much Coverage Can You Get With No Exam Life Insurance? 

It changes as companies come out with better policies and improve their technical infrastructure.

If you want more than a $500,000 no medical exam life insurance policy, click to read this article on how to get $1,000,000 no exam life insurance

We expect that number will increase in the next decade or so, but remember that you also have to qualify for your benefits financially.

What are the Eligibility Requirements for No Exam Life Insurance? 

For the most part,  you have to be in reasonable health. Minor medical conditions, like high blood pressure, can be okay. Each insurance company also has height and weight minimums and maximums for both traditional underwriting and their no exam policies.

how to get half million life insurance without the medical exam

They will also check your driving records. If you have DUIs or the like, they might downgrade your application.

Finally, most people will financially qualify for a $500,000 no medical exam policy. But the application will still ask about your income and may require proof. 

Types of Life Insurance No Medical Exam Policies

Some of these are called Guaranteed Issue or Simplified Issue. They work better for older adults and people with major medical concerns. They offer very low face amounts and can be fairly expensive.

Click here to read more about guaranteed issue life insurance.

Also, many of these no exam policies are for a permanent coverage, such as a whole life policy, which also tend to be more expensive. Whole life and universal life are two common types of permanent policies.

Click here for more information on whole life no exam policies.

The good news is that there are other very low-cost no medical term life insurance solutions. These policies are affordable for just about everyone. They are even comparable in cost when compared to term policies which do require a medical exam. But again, the price difference you might pay from company to company can vary dramatically.

Life Insurance Tip: If you need more than $500,000 life insurance with no medical exam coverage, you can opt for additional policies from another life insurer. This way, you’re covered by multiple no exam policies. The industry calls this layering, making life insurance easier to customize for your family.

Tips for Choosing the Right No Exam Life Insurance Policy for You

First, choose the right benefit, as we mentioned earlier, using our free Life Insurance Needs Calculator. There’s no sense in overpaying, right? Especially if you’re looking for a just-in-case term policy. 

Second, using a free instant quotes tool like the one on this page will show you quotes for your age and state and let you compare each company. They all have different criteria for how they set their rates (don’t worry, they’re set at the state level, and there aren’t discounts or anything like that.) 

A company that has better rates for your spouse might charge more for you, or visa versa. Although some companies, like one we’ll showcase below, let you add a spouse to your policy to make getting coverage even easier.

Working with an independent life insurance agent can help if you have any sort of medical history. They’ll know which companies charge more for something like hypertension or are more forgiving with their build charts.

Then there’s the ease of application. Do you want to do everything online and check “get life insurance” off your “should do” list? Find one of the companies allowing entirely online applications. (See the Assurity StartSmart policy below.)

3 Top $500,000 No Exam Life Insurance Policies

These three life insurance companies offering $500,000 life insurance without medical exams have solid policies.

They all have strong A.M. Best financial strength ratings, which is important to look for since the company still needs to be in business should you ever need to use the policy.

After we provide some detailed information about their coverage, we will also provide some quote examples so you can compare the cost you would pay for a $500,000 life insurance no medical exam policy.

Assurity $500,000 No Exam Life Insurance

Assurity No Exam Insurance

Assurity has a new policy that’s an entirely online application and bundles life insurance with income protection if you want that coverage too. They hold an A- (Excellent) from AM Best. They’re also a Certified B Corp, which is an accreditation given to companies that demonstrate community and environmental responsibility. 

This policy is the only one that allows you to complete the application online, without talking to an agent.  However, if you have any questions or need help, please reach out to us. 

This is a great option for those who are in good health or have very minor health issues. If you’re not sure if you qualify, please contact us and we’ll help you decide which is the best policy for you.

Assurity allows you to skip the medical exam for up to $1,000,000 on applications between 18 and 50 years old. If you’re between the ages of 51 and 65, you can still skip the medical exam if you’re applying for $500,000 or less.

Other notable features that are optional and can be added to your policy::

  • Critical Illness Benefit Rider – $20,000 to $100,000 lump sum if diagnosed with a specified illness like heart attack, cancer, or stroke
  • Monthly Disability Income Rider – up to 2 years of monthly income payments ($300 – $3,000) if you’re unable to do your job due to illness or injury

If you want an all-in-one policy, Assurity offers a Smart Start policy. The Smart Start strategy starts with this Assurity Term policy. You then add the critical illness and disability income rider options to your policy.

With Smart Start, you now have life insurance, critical illness, and disability insurance all in one policy.

Click here for a detailed dive into Assurity’s StartSmart 3-in-1.

Lincoln $500,000 TermAccel

Lincoln National Long Term Care Insurance Company

Lincoln Financial is another life insurance company with a great option for non-exam term life policies. In the instant quotes tool, look for the TermAccel policy. That lets you skip the exam. You can get the policy in as little as two days.

Lincoln holds an A (excellent) From AM Best for their financial strength with a stable outlook.

You can choose between $100,000 and $2,500,000 in benefits.

TermAccel term lengths give you the option of 10, 15, 20, or 30 years. They all accept people up to age 60, with the exception of the 30-year term. The maximum age is 55 for non-smokers and 50 for smokers.

If you need coverage beyond the initial term, Lincoln offers conversion options like most term insurance companies.

TermAccel Riders

One of the bonuses on Lincoln’s TermAccel is you can choose to add riders. These add a small amount to your premiums.

Accelerated Benefits Rider – pays part of your death benefits upon diagnosis of a terminal illness with a 6-month remaining life expectancy.

Children’s Level Term Insurance Rider – additional term coverage for your child TK LINK to children’s insurance

Waiver of Premium Rider – waives premium payments upon diagnosis of disability (you’re totally unable to do your job)

SBLI $500,000 No Exam Life Insurance

SBLI $500,000 life insurance no medical exam

SBLI is without a doubt one of our top “go-to” life insurers when it comes to low-cost no exam life insurance. Their rates are so low they are just a fraction more expensive than what you would pay for an equivalent term policy which does require a medical exam. AM Best gives them a financial rating of A- (Excellent.)

SBLI calls their flagship no medical exam life insurance policy “Guaranteed Level Premium Term.” This is term life insurance which means it offers death benefits only.

SBLI Term Lengths – SBLI offers a variety of terms. You can opt for a 10, 15, 20, 25, or even a 30-year term. To qualify for the no exam accelerated underwriting process, you should be aware that an age limitation applies.

Age Requirement for SBLI No Exam – You must be 18 to 60 years of age to be eligible.

SBLI will consider all risk classes and table ratings.

Policy Face Amounts – The minimum and maximum policy face amount for this term policy is $100,000 – $750,000.

SBLI Life Insurance Riders

There are four life insurance riders that you can consider. These include:

  • Accelerated Death Benefit Rider – This rider will allow you to access a portion of the death benefit should you be diagnosed with a terminal illness.
  • Children’s Level Term Rider – You can cover all eligible children with additional coverage up to $25,000 life insurance protection.
  • Waiver of Premium Rider – Should you become totally disabled, this rider will provide a continuation of your premiums.
  • Accidental Death Benefit Rider – Provides an additional payout of up to $250,000 if death occurs from an accident.

Another benefit of this policy is the Conversion Feature:

  • Conversion Feature – You also have the option of converting your term policy to either a Whole Life or Universal Life policy at any point or at the attained age of 70 or the end of the level term policy.

Sample Rates for $500,000 Life Insurance No Medical Exam 

How much does no exam life insurance cost? Usually, less than people expect.

Check out the table below for monthly sample rates on a $500,000 20-year term policy for someone in good health who doesn’t smoke. If you’re in excellent health, you could have even lower premiums.

Age 25$26$20
Age 35$28$24
Age 45$59$45
Age 55$139$100


What’s available constantly changes. As of this update, these companies have great half-million dollar no exam term policies. 

You can also get current rates for no exam policies using the Instant Quotes tool on this page. Just enter your age, state, the benefits you want, and the term length. Then you’ll look through the comparison for anything saying “no exam” or sometimes “accelerated underwriting.” 

Find $500,000 No-Medical Exam Life Insurance Policies Today 

Our independent life insurance agents here at Abrams Insurance Solutions will access dozens of life insurance companies for you and find the right no medical life insurance for the needs of your family. And, if you prefer a policy with a physical exam, our agents will also find you the most affordable policy.

According to Brian Greenberg, CEO of True Blue Life Insurance, the pricing for no medical exam life insurance coverage is often the same as for those that take a medical exam. Ask your agent what companies offer this option, as it can make the process exponentially easier.

Call us if you have any questions about life insurance without a health exam (No Exam Life Insurance) at (888) 905 – 0333. You can also see instant no exam life insurance quotes by using the Instant Quotes tool on this page.

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