5 Best No Physical Life Insurance Companies [2018 Update]

Written by Heidi Mertlich

There’s never been a better time to purchase life insurance without a physical (otherwise known as no exam or non med).

Once standard procedure, the cringe-worthy medical underwriting process of being poked with a needle, stepping on a scale, having your arm squeezed by a blood pressure cuff and providing (ahem…) liquid samples, is becoming less commonplace.

Here’s why:

  • Underwriting (the process life insurance companies use to assess risk) is becoming streamlined.
  • Increasingly, life insurance applications are evaluated by data services and technology.
  • Life insurance companies are using algorithms based on data to determine an applicant’s risk.
  • The algorithms will eventually replace countless medical exams.
  • In many instances, the cost of non med life insurance is now comparable to fully underwritten policies.

In the next 10 years we are going to see that requirement go away … for most people. – Elliot Wallace, VicePresident, LexisNexis Risk Solutions

Plenty of life insurance companies offer no physical policies. We’ve analyzed them all. Here, you’ll find your guide to the Top 5 No Physical Life Insurance Companies offering the best policies. 

Definition Of No Physical (No Exam) Life Insurance

Life insurance issued without medical examination of the applicant. In other words, no physical life insurance does not require medical procedures during the application process.

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Table Of Contents

Overview

1. Foresters Financial

2. Phoenix Life Insurance

3. American National Life Insurance (ANICO)

4. Sagicor Life Insurance

5. Fidelity Life Insurance

What You Need To Know 

How To Get The Best Rates

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Top 5 No Physical Life Insurance Carriers Overview

You’ll want to consider some key aspects of non med life insurance companies before making a purchase. Each company is different.

Important features of non med life insurance companies:

  • Wait time – how long you have to wait before your application is approved and your life insurance policy is issued
  • Issue ages – the age range of the applicant that the life insurance company is willing to insure
  • Policy amount – the dollar amount (policy size) the life insurance company offers
  • Policy length – the number of years the life insurance company will allow the policy to last

1. Foresters Financialno physical life insurance companies

No Physical Policy Name

Foresters Your Term – No Exam

Company History

Founded in 1874, Foresters Financial is an international financial services provider. They are headquartered in New York City, New York. Foresters’ life insurance products are underwritten by The Independent Order of Foresters, a fraternal benefit society (a member organization with shared values).

Members enjoy unique member benefits including competitive academic scholarships, financial counseling and discounted legal services as well as opportunities to give back through volunteering opportunities. – Foresters Financial, the Foresters Difference

Interesting Fact – One of Foresters Financial’s first leaders was Dr. Oronhyatekha, who was one of Canada’s first Native doctors to include western medicine in his practice.

Financial Strength Rating:  A (A.M. Best, 2017)

Application Process and Policy Overview

While the best health class Foresters offers for their No Exam policy is Standard and Tobacco, their rates (how much you pay) are still highly competitive. Additionally, their application process is fast and effective.

Wait Time: Policy decisions can be lightning-fast, and are often made within minutes of completing your application.

Issue Ages: 18 – 80 years

Policy Amount: $50,000 – $400,000

Policy Length: 10, 15, 20, 25, 30 years

Important – Foresters Your Term – No Exam imposes limits on the policy amount available, depending on your issue age:

Foresters Non Med Face Value Limits

AgeFace Value
18 - 55$400,000
56 - 80$150,000
Limits depend on your issue age. Limits subject to change.

Also important – Limits exist on term length based on your issue age:

Foresters Non Med Term Length Limits

Term LengthNon Tobacco AgeTobacco Age
10 Year Term18 - 8018 - 80
15 Year Term18 - 70 18 - 70
20 Year Term18 - 6518 - 60
25 Year Term18 - 6018 - 55
30 Year Term18 - 5518 - 50
Limits exist on term length based on your issue age. Subject to change.

Available Riders

Foresters Your Term – No Exam provides generous riders and optional riders.

  • Riders included with a policy purchase:
    • Accelerated Death Benefit -Provides an option to accelerate a portion of the eligible death benefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is required).
    • Family Health Benefit: Can pay a benefit for limited family health expenses that may occur as a result of natural disasters, such as hurricanes, tornadoes and earthquakes.
    • Common Carrier Accidental Death Benefit: Designed to provides an additional death benefit if you die of accidental injuries that occur while riding as a fare-paying passenger on a common carrier, such as a plane, bus or train.
    • Charity Benefit Provision: When a claim is paid to the beneficiary(ies), Foresters will pay an additional 1% of the face amount to a registered charitable organization if designated by the owner. The payment is made as a donation in the name of the insured.
  • Optional Riders you may add on:
    • Accidental Death Benefit: An amount paid in addition to the standard benefit, payable if the insured dies as a result of a qualifying accident.
    • Disability Income Protection: Available in two versions: for accidents only or for both accidents and illness.
    • Waiver of Premium: Helps you maintain your valuable life insurance coverage if you are totally disabled and unable to work.

Policy Conversion Options

Your policy may be converted to a permanent policy without evidence of insurability under the following conditions:

  • During the term length of your policy, minus five years
  • OR after age 65, prior to the anniversary of your policy

Key Features Of Foresters Your Term – No Exam

  • Requirements for approval:
    • Phone interview to include questions about:
      • Medical history
      • Lifestyle
      • Occupation
      • Avocations (recreational activities)
      • Military service
    • Medical Information Bureau (independent medical record database) report
    • Pharmacy database history (typically within the last 10 years)
    • Driving record review
    • Tobacco use is accepted, however, your rates will be affected
  • Not required for approval: 
    • Medical exam
    • Fluids
    • Attending Physician Statement (APS) – in other words, a report from your doctor
    • Routine Personal Health Interview (PHI)
    • Coverage justification

Sample Rates

Foresters Non Med Quotes For Male 20 Year Term

Age$50,000$100,000$250,000$400,000
20 Year Old$12.47$18.81$37.84$56.88
30 Year Old$12.99$19.86$40.47$61.08
40 Year Old$17.37$28.61$63.34$96.08
50 Year Old$29.88$53.64$124.91$196.18
60 Year Old$74.81$143.50NANA
Samples only. Based on healthy, non tobacco individuals. Subject to change.

Foresters Non Med Quotes For Female 20 Year Term

Age$50,000$100,000$250,000$400,000
20 Year Old$10.50$14.88$28.00$41.13
30 Year Old$11.29$16.45$31.94$47.43
40 Year Old$15.27$24.41$51.84$79.28
50 Year Old$28.61$51.10$118.56$186.03
60 Year Old$61.99$117.86NANA
Samples only. Based on healthy, non tobacco individuals. Subject to change.

Bottom line – Foresters offers an uncommon 25 year term policy. Their non med life insurance has highly competitive rates and a speedy underwriting process. Additionally, Foresters policy owners have access to member benefits. Foresters issues non med policies up to age 80.

2. Phoenix Life Insurance no physical life insurance companies

No Physical Policy Name

Phoenix Safe Harbor Term Life and Phoenix Safe Harbor Term Life Express

Company History

Phoenix Life Insurance was founded in 1851 and was originally called American Temperance Life Insurance Company. In 2016, Phoenix became a wholly owned subsidiary of Nassau Re Company, headquartered out of Hartford Connecticut. Nassau specializes in owning and managing insurance, asset management and reinsurance firms. Phoenix Life Insurance acts as the life insurance and annuity provider for the United States.

For over 165 years, Phoenix has been helping people protect their families and provide for the income they will need in retirement. – Phoenix, Who We Are

Interesting Fact – Phoenix Life Insurance issued a life insurance policy to President Abraham Lincoln.

Financial Strength Rating: B (A.M. Best, 2017)

Application Process and Policy Overview

A simplified-issue term life insurance policy with living benefits designed to protect the future of loved ones and plan for the unexpected. – Phoenix Non Med Life Insurance, Product Overview

Phoenix non med life insurance is commonly a top seller for clients because it offers generous living benefits at no additional cost.

Similar to many non med life insurance carriers, Phoenix offers two rate classes for their non med products: Standard and Tobacco. Known for their lenient underwriting procedures, their non med products are an excellent choice for someone in less-than-perfect health.

Wait Time: Policy decisions are often made within 24 hours of application submission for Safe Harbor Term Life Express. While policy decisions can take longer for the Safe Harbor Term Life, their process is still effective.

Issue Ages: 18 – 80 years

Policy Amount: $25,000 – $500,000

Policy Length: 10, 15, 20, 30 years

Important – Phoenix Safe Harbor Term Life and Phoenix Safe Harbor Term Life Express imposes limits on the policy amount available, depending on your issue age:

Phoenix Non Med Face Value Limits

AgeExpress Face Value Non-Express Face Value
18 - 50$400,000$500,000
51 - 60$300,000$400,000
61 - 70$200,000$300,000
71 - 80$100,000$150,000
Limits depend on your issue age. Limits subject to change.

Also important – Limits exist for term length based on your issue age:

Phoenix Non Med Term Length Limits

Term LengthAge
10 Year Term18 - 80
15 Year Term18 - 70
20 Year Term18 - 65
30 Year Term18 - 55*
Limits exist on term length based on your issue age. * Tobacco users: 30 year term limit is 18 - 50 years.

Available Riders

Phoenix is known for superior living benefit riders that are included with your policy purchase.

  • Riders included with policy purchase:
    • Accelerated Benefit Riders – option to accelerate the death benefit (up to 95%) in the event of a serious illness:
      • Chronic illness: for the past 90 days, unable to perform without substantial assistance at least 2 of the 6 activities of daily living:
        • bathing, continence, dressing, eating, toileting, transferring
        • OR a severe cognitive impairment
      • Critical illness: heart attack, stroke, cancer, kidney failure, major organ transplant, ALS
      • Terminal illness: terminally ill with a life expectancy of 12 months or less
      • Physician documentation is required
    • Unemployment Rider
  • Optional Rider you may add on:
    • Accidental Death Benefit

Note – The ability to accelerate up to 95% of the death benefit is higher than most no physical carriers allow.

Policy Conversion Options

Based on the duration of your policy, you have the ability to convert your term policy to a permanent policy without demonstrating insurability:

  • 10-Year Term: Convertible in first 5 policy years
  • 15-Year Term: Convertible in first 7 policy years
  • 20-Year Term: Convertible in first 10 policy years
  • 30-Year Term: Convertible in first 10 policy years
  • Full and partial conversions are allowed
  • Same underwriting classification as term product will apply
  • No medical evidence is required

Key Features Of Phoenix Safe Harbor Term Life And Phoenix Safe Harbor Term Life Express

Phoenix tends to absorb more risk than most other non med life insurance companies. If you experience health complications, Phoenix should be on your list of non med companies to consider.

  • Requirements for approval:
    • Demonstrate insurable interest: financial loss in the event of the insured’s death
    • Phone interview to include questions about:
      • Medical history
      • Lifestyle
      • Occupation
      • Avocation (recreational activities)
      • Military service
    • MIB/Medical Information Bureau report (database of previous insurance applications)
    • Pharmacy history, typically within the last 10 years (database of pharmacy prescription history)
    • Driving record review
    • Depending on your application, an Attending Physician Statement may be ordered for Non-Express applications
      • Note – for age 70 and older, an Attending Physician Statement will be ordered for Non-Express
  • Not required for approval:
    • Medical exam
    • Fluids

Sample Rates

Phoenix Non Med Quotes For Male 20 Year Term

Age$25,000$50,000$100,000$250,000$500,000
20 Year Old$10.36$12.34$18.47$36.85$67.49
30 Year Old$10.68$11.82$17.43$34.26$62.31
40 Year Old$13.87$16.18$26.15$56.05$105.89
50 Year Old$24.49$28.95$51.69$119.91$233.61
60 Year Old$52.02$63.00$119.78$290.14NA
Samples only. Based on healthy, non tobacco individuals. Subject to change.

Phoenix Non Med Quotes For Female 20 Year Term

Age$25,000$50,000$100,000$250,000$500,000
20 Year Old$9.28$11.35$16.48$31.89$57.56
30 Year Old$10.23$11.18$16.14$31.02$55.84
40 Year Old$12.75$14.37$22.52$46.99$87.77
50 Year Old$24.49$28.95$51.69$119.91$185.72
60 Year Old$43.21$47.64$89.06$213.33NA
Samples only. Based on healthy, non tobacco individuals. Subject to change.

Bottom line – Phoenix is an excellent non med life insurance option because of the living benefits that come standard with a policy purchase. For those with less-than-perfect health, it’s possible to get approved with Phoenix. Phoenix issues non med policies up to age 80.

3. American National Life Insurance (ANICO)no physical life insurance companies

No Physical Policy Name

ANICO Xpress and Xpress Plus 

Company History

Founded by William L. Moody, Jr. in 1905, American National Life Insurance (ANICO) is headquartered in Galveston, Texas. ANICO offers a multitude of insurance products, including life insurance, retirement annuities, accident and health insurance, pension plan products and services, credit insurance, and property/casualty insurance for personal lines and agribusiness. ANICO conducts its business in all 50 United States and Puerto Rico. In 2017, The Forbes Company voted ANICO as, “One of America’s Most Trustworthy Companies”.

Founder William L. Moody, Jr.envisioned a company that operated on the core ideals of ‘strong management, prudent investment and financial strength’ – a company so fundamentally solid that it would still be in operation 500 years into the future. – About American National

Interesting Fact  – While ANICO is a publicly traded company, the majority of their stock is still controlled by the Moody family.

Financial Strength Rating: A (A.M. Best, 2017)

Application Process and Policy Overview

ANICO is a top life insurance provider of non med policies. While their underwriting process is not the fastest on the market, the value their policies provide make them a leading non med contender.

ANICO provides two underwriting classes for their non med life insurance products: Standard and Rated. Keep in mind that their Standard health class does compete with Preferred non med health classes of other life insurance carriers.

Wait Time: Generally healthy applicants can receive a policy decision within 72 hours. However, the process may take longer if there are follow-up questions or requirements.

Issue Ages: 0 – 65 years

Policy Amount: $50,000 – $250,000

Policy Length: 10, 15, 20, 30 years

Important – American National’s policy size and term length available are dependent on issue age. Collaborate with an independent agent for specific policies available based on your age.

Available Riders

Considered to be at the forefront of the life insurance industry for living benefits, ANICO provides desirable riders:

  • Riders included with a policy purchase:
    • Accelerated Benefit Riders – option to accelerate the death benefit in the event of a serious illness:
      • Chronic illness: for the past 90 days, unable to perform without substantial assistance at least 2 of the 6 activities of daily living:
        • Unable to perform bathing, continence, dressing, eating, toileting, transferring
        • OR a severe cognitive impairment
      • Critical illness (ANICO has one of the most generous lists): heart attack, stroke, invasive cancer, end-stage
      • renal failure, major organ transplant, ALS, blindness, paralysis, arterial aneurysms, central nervous system tumors, major multi-system trauma, AIDS, severe disease of major organ, severe central nervous system disease, major burns, loss of limbs
      • Terminal illness: terminally ill with a life expectancy of 24 months or less (12 months for CT, FL and NY)
      • Physician documentation is required

The Accelerated Death Benefit Riders can provide an unrestricted cash benefit when it is needed to help you at a critical time and help protect the money you have saved for retirement and other life needs. – ANICO, Your Guide To Living Benefits

At an extra cost, you may add the following riders:

  • Children’s Term

Policy Conversion Options

An Annual Renewable Term (ARTs) is available through ANICO:

  • Up to age 55
  • Additional eligibility parameters are based on issue age and term length

You also have the ability to convert your term life insurance policy into a permanent policy at no extra cost under the following circumstances:

  • Policy must be in good standing (you have paid your premiums)
  • Up to age 65
  • Premium credit towards permanent policy is available during first 5 years of policy

Key Features Of Signature Term Xpress

ANICO is another carrier willing to accept some health risks for their non med life insurance products.

  • Requirements for approval:
    • Complete full application to include –
      • Phone interview to include questions about:
        • Medical history
        • Lifestyle
        • Occupation
        • Avocation (recreational activities)
        • Military service
    • MIB/Medical Information Bureau report (database of previous insurance applications)
    • Pharmacy history (Rx), typically within the last 10 years (database of pharmacy prescription history)
    • Driving record review
    • Risk Classifier review (public records aggregated from multiple data sources)
  • Not required for approval:
    • Medical exam
      • Note: the need for an exam is determined based on answers from the application, and reports from MIB, Rx, and Risk Classifier
    • Attending Physician Statement (APS)
      • Note: it’s possible for an APS to be ordered if the underwriter needs more information based on your application’s answers

Sample Rates

American National Non Med Quotes For Male 20 Year Term

Age$50,000$100,000$250,000
20 Year Old$12.05$14.60$28.73
30 Year Old$12.92$14.69$28.94
40 Year Old$17.02$19.35$40.61
50 Year Old$29.59$38.62$88.78
60 Year Old$71.19$95.39$230.69
Samples only. Based on healthy, non tobacco individuals. Subject to change.

American National Non Med Quotes For Female 20 Year Term

Age$50,000$100,000$250,000
20 Year Old$11.23$12.96$24.62
30 Year Old$11.49$12.96$24.62
40 Year Old$15.03$17.37$35.64
50 Year Old$23.76$29.89$66.96
60 Year Old$50.07$66.53$158.54
Samples only. Based on healthy, non tobacco individuals. Subject to change.

*You’ll notice that, for a 35-year-old male at Standard health class, ANICO’s price for life insurance is more for 10 and 15 year terms for $50,000 than for $100,000. While it doesn’t happen all the time, due to underwriting procedures, in the case of a 35-year-old Standard health class male, buying 10 and 15 year term for $100,000 costs less than it would for the 10 and 15 year term for $50,000.

Bottom line – ANICO provides generous living benefit riders with all non med policy purchases, including comprehensive critical illness coverage. Also, ANICO is willing to absorb health risks that other non med life insurance carriers will not.

4. Sagicor Life Insurance Company no physical life insurance companies

No Physical Policy Name

Sagicor Sage Term Accelewriting

Company History

Barbados Mutual Life Assurance Society was established in 1840. Over the next century, the company continued to grow and expand to additional Caribbean countries. In 2002, Barbados Mutual Life Assurance Society converted to Sagicor Life Incorporated, transitioning to a publicly traded company. Sagicor now operates internationally and offers life insurance products, including annuities, term and whole life insurance. Their U.S. headquarters are located in Scottsdale, Arizona.

 “To be a great company committed to improving the lives of the people in the communities in which we operate.” – Sagicor Vision

Interesting Fact – “Sagicor” is a combination of two words, “Sage” meaning wise and “Cor” for heart or judgment.

Financial Strength Rating: A- (A.M. Best, 2017)

Application Process and Policy Overview

Sagicor uses a trademarked process for non med life insurance, called Accelewriting, a “state-of-the-art automated underwriting system from Sagicor Life Insurance Company for Simplified Issue products”. By using analytical tools and database systems, Sagicor is able to provide policy decisions quickly, often within minutes.

Sagicor offers five health classes for the non med life insurance products*:

  1. Preferred Non-Tobacco
  2. Standard Non-Tobacco
  3. Rated Non-Tobacco
  4. Preferred Tobacco
  5. Standard Tobacco

*Generally, for underwriting purposes, tobacco use is defined as, “proposed insureds who have smoked cigarettes or used other tobacco products, including patches, gum, inhalers or other stop-smoking products within the past 12 months”.

Wait Time: Policy decisions are often made within minutes of completing your application.

Issue Ages: 18 – 65 years

Policy Amount: $50,000 – $1,000,000

Policy Length: 10, 15, 20 years

Important – Sagicor limits policy length based on age, gender and tobacco use:

  1. If 65 years of age: limited to 10 Year Term when Male Standard Tobacco
  2. 55 years of age: cutoff age for 20 Year Term Male and Female Tobacco

Available Riders

  • Riders included with a policy purchase:
    • Accelerated Benefit Riders – option to accelerate the death benefit in the event of a serious illness:
      • Terminal Condition
      • Nursing Home Confinement
        • If an insured has been confined to a nursing home for 90 consecutive days and is expected to remain confined until death (requirements can vary by state)

The Accelerated Benefit Insurance Rider will help cover medical costs or nursing home care by allowing you to use a portion of the death benefit proceeds if you are diagnosed with a terminal condition or confined to a nursing home facility. The benefit amount is the lesser of $300,000 or 50% of the death benefit amount. – Sagicor, Sage Term, Inherent Rider

Optional Riders you may purchase:

  • Accidental Death Benefit
  • Children’s Term
  • Waiver Of Premium

Policy Conversion Options

You have the ability to convert your term life insurance policy into a permanent policy under the following circumstance:

  • Convertible to age 70 (prior to the policy anniversary following the insured’s 70th birthday)
    • Conversion credits are available for a full policy conversion if converted during years 2 – 5 of the policy term length

Key Features Of Sage Term Accelewriting

Sagicor non med life insurance is ideal for healthy individuals.

Their Accelewriting process relies heavily on databases (data analytics) for the application process.

  • Requirements for approval:
    • Electronic database review
      • Risk Classifier (public records aggregated from multiple data sources)
      • MIB/Medical Information Bureau report (database of previous insurance applications)
      • Pharmacy history, typically within the last 10 years (database of pharmacy prescription history)
      • Driving record review
  • Not required for approval:
    • Telephone interview
    • Medical exam
    • Bodily fluids
    • Attending Physician’s Statement (APS)

Sample Rates

Sagicor Non Med Quotes For Male 20 Year Term

Age$50,000$100,000$250,000$500,000
20 Year Old$9.30$11.03$17.79$29.98
30 Year Old$9.41$11.41$18.12$29.94
40 Year Old$11.33$14.26$25.80$45.29
50 Year Old$20.25$32.03$57.18$108.06
60 Year Old$50.10$90.03$198.51$390.73
Samples only. Based on healthy, non tobacco individuals. Subject to change.

Sagicor Non Med Quotes For Female 20 Year Term

Age$50,000$100,000$250,000$500,000
20 Year Old$8.00$9.55$14.33$22.35
30 Year Old$8.44$10.05$15.34$24.38
40 Year Old$9.82$12.18$20.88$35.46
50 Year Old$15.42$23.52$48.37$91.16
60 Year Old$34.95$60.09$138.24$270.18
Samples only. Based on healthy, non tobacco individuals. Subject to change.

Bottom line – Sagicor’s non med product works best for those in excellent health. Their approval and policy-delivery process are fast and streamlined.

5. Fidelity Life Insurance Company fidelity life

No Physical Policy Name

Fidelity Rapid Decision Express

Company History

Fidelity Life was founded in 1896.  They were originally called the Mystic Workers of the World, a “fraternal benefit society designed to provide financial protection for the growing middle class of the Midwest and Northern states”.

Fidelity Life is one of the few companies in the industry that focuses on assisting everyday middle Americans experience the peace-of-mind that comes with life insurance ownership. – Fidelity Life

In 1930, Fidelity officially changed its name to, The Fidelity Life Association.

A stock life insurance company, Fidelity has more than $26 billion in life insurance policies in force. They are a subsidiary of Lifestory Interactive, with Members Mutual Holding Company acting as their parent company.

Interesting Fact  – Fidelity Life is licensed to conduct business in the United States, except for New York and Wyoming.

Financial Strength Rating: A- (A.M. Best, 2017)

Application Process and Policy Overview

Fidelity uses web-based technology and underwriting innovation for their Rapid Decision Express products to create a streamlined experience for the applicant.

Fidelity offers two health classes for their non med life insurance:

  1. Standard Non Nicotine
  2. Standard Nicotine

Wait Time: Policy decisions are often made within 24 – 48 hours of completing your application.

Issue Ages: 18 – 65 years

Policy Amount: $25,000 – $250,000

Policy Length: 10, 15, 20, and 30 years

Important – Fidelity limits policy length options based on age:

Fidelity Non Med Term Length Limits

Term LengthAge
10 Year Term18 - 65
15 Year Term18 - 60
20 Year Term18 - 55
30 Year Term18 - 45
Limits exist on term length based on your issue age. Subject to change.

Available Riders

Riders provide additional benefits and features to your life insurance policy.

  • Riders included with your policy purchase:
    • Accelerated Death Benefit Rider: option to accelerate up to 50% of your death benefit
      • Physician documentation is required with demonstration of 12 months or less to live
      • Benefit may be initiated after the policy has been in force for 2 years
  • Optional riders you may add on for an additional cost:
    • Dependent Child Rider: a death benefit paid should one of your dependents pass away
      • Up to $25,000 for eligible dependents
      • Rider expires when one of two things happens first: either child reaches age 23 or insured reaches age 65
    • Accidental Death Benefit Rider: an amount paid in addition to the standard benefit, payable if the insured dies from a qualifying accident
      • Issued to ages 20 – 65
      • Rider expires at age 80
      • Available for amounts between $25,000 – $250,000

Additional Policy Details

  • Guaranteed Annual Renewable Term (ART) after initial level term
  • Level term renewable to age 95

Key Features Of Rapid Decision Express

Required for approval

  • Complete phone interview
  • Database background check:
    • Pharmacy history
    • Driving record
    • Medical Information Bureau (MIB) – a database of previous insurance applications

Not required for approval

  • Needles, nurses, liquid samples
  • Attending Physician Statement (APS)

Bottom line – Fidelity’s application process is straightforward and fast. You will receive either an accept or decline.

Fidelity Rapid Decision Express Quotes

Fidelity Non Med Quotes For Male 20 Year Term

Age$25,000$50,000$100,000$250,000
20 Year Old$13.72$20.05$24.71$50.68
30 Year Old$14.16$20.92$25.14$51.77
40 Year Old$14.92$22.45$35.32$77.21
50 Year Old$24.49$41.59$74.56$175.31
55 Year Old$37.95$68.51$128.41$309.94
Samples only. Based on healthy, non tobacco individuals. Subject to change.

Fidelity Non Med Quotes For Female 20 Year Term

Age$25,000$50,000$100,000$250,000
20 Year Old$13.70$20.01$17.57$32.84
30 Year Old$14.14$20.88$19.49$37.63
40 Year Old$14.88$22.36$30.02$63.95
50 Year Old$20.40$33.41$52.90$121.15
55 Year Old$27.49$47.59$81.61$192.92
Samples only. Based on healthy, non tobacco individuals. Subject to change.

 

*Monthly premiums. Quotes provided are based on limited input. Quotes are for informational purposes only. Your rates may vary and will depend on the carrier’s life insurance underwriting procedures

Bottom Line – Fidelity is priced higher than some of our other top-rated no physical life insurance companies. However, they are an exceptional life insurance company with some desirable policy features.

What You Need To Know

There is no one-size-fits-all non med life insurance policy. Each life insurance carrier has their own underwriting procedures and protocols.

Here’s what that means:

  • Think of each non med carrier as a specialist in various underwriting niches
    • For example, if you are diabetic, there are a couple non med carriers that are ideal to apply with
    • On the other hand, if you use tobacco, other carriers offer competitive rates for tobacco use
    • Some carriers specialize in providing coverage to those who are older or have a medical condition
    • Alternatively, if you are young and healthy, specific non med carriers will offer you the lowest rates

Important – It’s highly recommended you not apply with a specific life insurance carrier on your own. Why? Your data on the application, should something concerning pop-up (let’s say a medical condition), can become available to all other life insurance carriers and can be held against you in a future application.

What to do instead – Collaborate with an independent agency to shop around for you and find the best non med carrier and policy to fit your needs.

How To Get The Best Rates

There are two steps you need to take in order to find the best no physical term life insurance policy to fit your needs.

  1. Partner Up – This is the most important. You need an expert independent agent to collaborate with. An independent agent is not held captive to a particular life insurance company. That way, your best interest is at heart and you will have access to all the top non med life insurance carriers.
  2. Prepare – Be ready to communicate effectively during the application process. This means writing down information about your medical history, medications and lifestyle so that your answers are readily available.

 

About No Physical Term Life
About No Physical Term Life

We’re an independent life insurance agency that specializes in no exam life insurance. We’re licensed in all 50 states and can help you directly over the phone or even by email if you’d like (just fill out a quote form and you’ll get an email from us).

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