How To Get Up To $1,000,000 Life Insurance Coverage With No Medical Exam

A million-dollar no-exam life insurance policy might sound like something that only the ultra-healthy or high-income earners can qualify for, but the reality is far more encouraging. With modern underwriting technology and more flexible life insurance options, many people can secure $1 million in coverage without a medical exam or needles, lab work, or doctor’s visits.

If you’re busy, value efficiency, or simply want a straightforward way to protect your family, a life insurance policy with no medical exam could be the simplest path to meaningful financial security. In this guide, we’ll walk through everything you need to know: Qualification rules, policy types, underwriting expectations, and what to do if you don’t qualify. All in clear, practical language.

Let’s break it down…

Why No-Exam Life Insurance Is Growing in Popularity

Life insurance companies are getting smarter. Instead of relying solely on traditional medical exams, many now use digital data and accelerated underwriting tools to evaluate risk quickly and accurately. That means you can apply for a no-exam life insurance policy and potentially get approved in minutes instead of weeks.

For everyday families, business owners, and busy professionals, that’s a big win. You gain protection without interrupting your schedule or waiting on underwriters.

What Types of No-Exam Policies Can Offer $1 Million in Coverage?

While no-exam policies used to be limited to small, final-expense plans, things have changed. Today, you can get up to $1,000,000 in no-exam life insurance coverage across several policy types, depending on your age and health profile.

Here are your main options:

Term Life Insurance (Most Common for $1M Coverage)

• Available in 10-, 15-, 20-, and 30-year terms
• The most affordable way to secure high coverage
• Ideal for income protection, mortgage coverage, and family security
• Often, the easiest option for a high-limit, million-dollar life insurance policy

Universal Life Insurance

• Flexible premiums
• Designed to last until advanced ages (up to 121, depending on structure)
• Some carriers allow accelerated underwriting up to $1M

Indexed Universal Life (IUL)

• Long-term strategy with cash value tied to market index performance
• Provides lifetime coverage and potential tax-free income
• Some programs allow no-exam applications through accelerated underwriting

Guaranteed Issue & Final Expense Insurance

• Guaranteed approval, no health questions
• Lower coverage limits
• Not a fit for $1M needs, but worth noting as an alternative

People often choose the type of life insurance based on the monthly premiums. A term life policy offers the highest face amount for the lowest premiums. Permanent policies run a little more because the insurance companies know they have to pay benefits at some point.

How Do I Qualify for No Medical Exam Insurance

There are a few things to keep in mind when you apply, which include:

• Ages 18 to 60: A few allow older applicants, but the $1M limit typically caps at 60.
• A Clean Health Profile: You don’t have to be perfect — just reasonably healthy. Insurers still review your prescription history, Medical Information Bureau (MIB) reports, motor vehicle records, and physician notes, if needed.
• Benefit Amount: Insurance policy benefits must be between $50,000 and $1,000,000.
• A New Policy Application: No-exam underwriting is available only for new policies.
• Standard or Better Risk Class: You don’t need “Preferred” health, but you do need to fall into an acceptable risk category.
• A Short Phone Interview: Even no-exam applications include a brief interview to confirm health and lifestyle details.

What Does the No-Exam Application Process Look Like?

1. Calculate Your Coverage Needs

You can use our life insurance needs calculator, which is more accurate than the old “10× income” rule. Consider:

• Mortgage
• Children’s education
• Income replacement
• Debt payoff
• Long-term protection goals

2. Compare Policies Online or With an Independent Agent

Next, you can call an independent agent and talk through your options. This is especially helpful if you’re not sure how your health might look to an underwriter or if you want guidance on whether you qualify for accelerated underwriting (a fancy insurance term for no exam).

If you prefer to explore on your own first, you can also use the instant life insurance quote tool on this page. It lets you compare pricing for both no-exam and exam-required policies side by side so that you can see the difference immediately. 

Just enter the $1,000,000 coverage amount, your state of residence, and your birthday. The tool will display available options and clearly show which policies are labeled as “no exam” or “accelerated underwriting.” It’s a quick, simple way to understand your potential rates before you speak with an advisor.

3. Submit Your Application

Depending on the insurer, you may apply:

• Entirely online
• Through an agent
• Through a hybrid online/phone process

You’ll answer basic health and lifestyle questions, just as you would in any other application.

4. Complete a Phone Interview

You’ll have a short phone interview, which usually takes about 10 to 20 minutes. In this call, the underwriter will confirm a few basic details from you. They’ll ask about your health history, medications, past surgeries, family medical conditions, tobacco or alcohol use, and your financial qualifications for the coverage amount. It’s straightforward and designed to make sure your application matches the information already on file.

5. Underwriting Review (Accelerated Underwriting)

Even though you’re skipping the medical exam, underwriting still happens behind the scenes. The insurance company reviews electronic health data, prescription history, MIB records, and your driving report to verify your information.

If everything checks out, you may receive approval in minutes. If something needs clarification, the insurer may request additional questions, review your physician’s records, or, in some cases, require a full medical exam. This is uncommon for healthy applicants, but it’s still a possibility.

6. Approval and Payment

Once approved, you sign electronically and make the first payment. Your coverage becomes active immediately. In many cases, the entire process can take under 30 minutes.

What Can Disqualify You From No-Exam Underwriting?

No-exam life insurance is ideal for healthy individuals, but some factors may trigger a medical exam or a decline.

Common disqualifiers include:

• Significant medical conditions
• COPD or other chronic lung disease
• Complicated diabetes
• Cardiac history (bypass, stents, heart attack)
• Certain cancers
• Autoimmune disease
• Major mental health conditions
• Substance abuse history
• Recent hospitalizations
• High-risk occupations
• DUI or major traffic violations
• Recent foreign travel to high-risk regions

Always be honest because carriers verify everything electronically. Therefore, if you do have one of these conditions, call your independent life insurance agent to see if there is still an option for you.

What If You Don’t Qualify for No-Exam Coverage?

If you don’t qualify for a $1 million no-exam policy, you’re not out of options. Far from it. Many applicants who don’t fit one company’s accelerated underwriting criteria can still secure excellent coverage either with a different insurer or through a traditional application that includes a medical exam.

You can also check your options instantly using the quote tool on this page. It’s a quick way to compare prices and see whether a fully underwritten policy might offer even lower premiums.

And if you have a medical condition, give us a call. Because we work with more than 70 life insurance companies, we can tell you which carriers are most favorable for your specific health profile. The process may take a little longer, but you’ll have confidence that your application is moving forward and that you’re on track to get the coverage your family needs.

Here Are Your Alternatives:

✔ Apply for a fully underwritten policy: You may still qualify for the same $1M benefit, often at a lower price than a no-exam option.

✔ Apply for a smaller no-exam amount: You might qualify for $500K or $250K even if the full $1M isn’t available.

✔ Try a different carrier: Each insurer uses its own underwriting rules. A decline with one company doesn’t mean others won’t approve you.

✔ Consider simplified issue or guaranteed issue insurance: These exam-free options require fewer health qualifications, but coverage amounts are smaller.

A knowledgeable independent advisor can walk you through these choices, help you avoid unnecessary declines, and match you with the carrier most likely to approve you at the best possible rate.

Pros and Cons of a $1 Million No-Exam Life Insurance Policy

We go into much more detail in our full no-exam life insurance guide, but here’s the quick overview.

Pros

• Fast, efficient underwriting
• No needles, labs, or medical exams
• Approval can happen in minutes
• Competitive pricing for healthy applicants
• High coverage limits (up to $1,000,000)
• Great for busy professionals or parents

Cons

• Not ideal for people with complicated health histories
• Most $1M no-exam programs cap eligibility at age 60, restricting availability for older applicants.
• Some riders or conversion options may be limited
• Carriers may still request an exam if needed
• Restricted face amounts compared to traditional underwriting

Best Companies for a Million Dollar Life Insurance Policy No-Exam

When it comes to securing a $1 million no-exam life insurance policy, a handful of companies consistently stand out for speed, ease of application, and strong financial ratings. However, it’s important to be clear about one thing: If you have moderate to serious health conditions, please speak with me before applying.
No-exam programs are designed for healthy individuals, and applying on your own with health issues could lead to unnecessary declines that make coverage harder to obtain elsewhere.

If you’re in good health and want fast, hassle-free coverage, here are several options worth considering:

Assurity (Fully Online Application, No Agent Needed)

Assurity offers one of the easiest no-exam application processes available. Everything is completed online, with no phone calls or appointments required. It’s a simple, streamlined workflow that allows healthy applicants to move from quote to coverage quickly.
This is a great fit for people who prefer a fully digital experience and want to handle their application independently.

You can begin your Assurity application online here.

SBLI EasyTrak (Instant Decision + Quick Call With Me)

SBLI’s EasyTrak program provides a fast, instant-decision process for qualified applicants. The difference is that the application is completed through a short call with me, ensuring the information is submitted correctly and giving you the best chance at approval. This is a strong option for applicants who want a simple process but appreciate having guidance through each step.

Banner Life (Often the Lowest Price for Healthy People)

Banner Life is consistently one of the most competitively priced carriers for healthy individuals seeking high-limit term coverage.

You’ll soon have access to a link to run your own quotes and apply online, but as always, I can guide you through the process to help you avoid mistakes that could slow down approval. If you’re younger and in good health, Banner is often one of the top-value choices.

Lincoln TermAccel (Low Pricing + Quick Call Application)

Lincoln’s TermAccel program is another excellent low-cost option for healthy applicants. The application is completed through a brief call with me, and the underwriting process is simple, fast, and efficient. If you’re looking for a balance between affordability, reputable underwriting, and straightforward application steps, Lincoln belongs on your shortlist.

A Quick Reminder

Each carrier uses its own underwriting rules, so the best choice depends on your:

• Age
• Health history
• Medications
• Lifestyle
• Financial goals

And again…if you have any health conditions, even small ones, please reach out first. I can tell you which companies are most forgiving and which ones to avoid, helping you protect your approval chances.

Is a $1 Million No-Exam Life Insurance Policy a Good Fit for You?

If you’re reasonably healthy and want a large amount of coverage without the hassles of traditional underwriting, a $1 million life insurance policy with no-exam can be a perfect solution. It offers speed, simplicity, and substantial financial protection, all with minimal disruption to your routine.

You get real coverage, real peace of mind, and a streamlined experience that gets you from “thinking about life insurance” to “fully protected” in a fraction of the usual time.

How Abrams Insurance Solutions Can Help

At Abrams Insurance Solutions, we act as your advocate – not a salesperson. As independent advisors, we work with over 70 top-rated life insurance companies, including those offering high-limit no-exam underwriting. We help you:

• Compare $1M no-exam and exam-based options
• Identify which carriers best match your health profile
• Secure the lowest possible premium
• Avoid delays, surprises, and unnecessary exams

Whether you’re aiming to protect your income, secure your family’s financial future, or simply get the right coverage in place quickly, we’re here to guide you every step of the way.

Have questions? Want personalized quotes? Call us at 858-703-6178 or use the Instant Quote tool on this page to get started.