Best No-Medical-Exam Life Insurance Companies of 2023

Based on our review of 91 life insurance providers, we determined that Nationwide is the best overall provider of no-medical-exam life policies. Some healthy individuals under age 50 will qualify for up to $5 million without a medical exam via an accelerated underwriting process. If you’re 51 to 60 years old and in good health, you may be eligible for up to $1 million in no-medical-exam coverage. You can also add a variety of riders to your policy, and most policies include several living benefits at no upfront cost.

Through Nationwide, you can get a quote online, apply for coverage online, and you may get same-day approval. Nationwide has some of the best third-party ratings of the providers we reviewed, too. In J.D. Power’s 2021 U.S. Individual Life Insurance Study, Nationwide ranked second in customer service satisfaction among 21 life insurance companies. 

Learn more in our Nationwide Insurance review.

With maximum coverage limits of $7.5 million, Penn Mutual is our top-rated no-medical-exam life insurance company for high coverage. Out of the providers on our list, Penn Mutual offers the highest coverage limits for healthy individuals without requiring a medical exam.

We also like that Penn Mutual has a very high maximum issue age for no-medical-exam life insurance too. You can qualify for no-med-exam life insurance from Penn Mutual if you are 65 years old or younger, up to a maximum coverage amount of $7.5 million. For comparison, some other insurers cap no-med-exam policies at age 50 or reduce the amount you can qualify for.

Penn Mutual is also an excellent provider if you are looking for dividend-paying whole life insurance. Over the last 20 years, Penn Mutual has had one of the strongest dividend histories in the life insurance industry. The company announced that it would pay $123 million in dividends to eligible whole-life policyholders in 2022.

However, Penn Mutual has a few downsides. For example, you cannot get a quote on the website or apply online without an agent. We also found that the website is lacking specific information about its policies.

Guardian is the best no-medical-exam life insurance company for financial strength. Out of the no-medical-exam providers we reviewed, Guardian has the highest AM Best rating possible— an A++ (Superior).

You can get a no-medical-exam life insurance policy from Guardian for up to $3 million in coverage. The company also pays dividends on participating whole life insurance policies. Guardian announced that it would pay $1.13 billion in dividends to eligible policyholders in 2022, the highest payout in its history.

If you want to apply for a Guardian life insurance policy, you’ll need to work with an agent to start the process because the company does not provide online applications. However, you can get a quote through Guardian’s website.

In addition, Guardian has a very low number of complaints, according to the National Association of Insurance Commissioners (NAIC). Of the 91 life insurance companies we reviewed, it has the seventh-lowest complaint score.

If you want to get life insurance issued quickly, consider John Hancock. We named John Hancock the best no-medical-exam life insurance company for instant decisions because you can apply for coverage and possibly get approved on the same day, with no waiting period required.

You can get no-medical-exam life insurance until age 60, with up to $3 million in coverage. John Hancock doesn’t sell whole life insurance, but it does offer term life, universal life, indexed universal life, and variable universal life policies.

One of the most unique features of John Hancock is its Vitality wellness program for policyholders. The program provides various health- and travel-related discounts. You can even save up to 25% on your life insurance premium if you enroll in the paid Vitality PLUS program, which starts at $2 per month. 

A downside is that John Hancock charges for most of its accelerated death benefit riders. However, if you add a critical illness rider to your policy, using the benefit won’t impact your death benefit. This is unlike most other companies’ chronic illness riders which reduce the death benefit your beneficiaries receive by the amount you use for chronic illness.

To apply for a policy, you’ll need to work with an agent—John Hancock doesn’t offer online quotes or online applications.

Pacific Life has the fewest complaints out of the best no-medical-exam life insurance companies we reviewed. The company’s three-year average complaint index is 0.056, which means it has far fewer complaints than expected for its size. Pacific Life’s complaint index suggests that customers are generally satisfied with the company’s customer experience and claim handling.

Pacific Life also has excellent customer satisfaction scores. Pacific Life ranked fourth out of 21 companies in J.D. Power’s 2021 U.S. Individual Life Insurance Study, earning a score of 801 out of 1,000.

Applicants who are 50 years old or younger can get a maximum of $5 million in no-med-exam coverage from Pacific Life. If you’re between the ages of 51 and 60, you can get up to $3 million in coverage without taking a medical exam. 

Pacific Life doesn’t offer quotes on its website or an online application without an agent’s assistance, so you must work with an agent for most of the process.