5 Key Facts About No Exam SBLI Life Insurance [2019 Update]

Written by Heidi Mertlich

The Savings Bank Life Insurance Company of Massachusetts, or SBLI for short, is a highly-rated life insurance carrier that offers competitive rates for term life insurance without a physical for those that qualify, via Accelerated Underwriting.

Our focus is on protecting families with great life insurance. – SBLI

What is Accelerated Underwriting (AU)? Simply put, it’s life insurance issued without a physical exam of the applicant if you qualify.

No physical term life insurance is purchased all the time through Accelerated Underwriting – and for good reason. Carriers have lowered their rates and the application process is typically simple and straightforward.

Before making a purchase, it’s highly recommended for you to be familiar with the top-rated no physical life insurance companies.

Here’s why – Each no physical life insurance company is different in their products and processes. Your unique needs will determine the best company to apply with.

Goal – Closely examine SBLI’s Accelerated Underwriting life insurance to decide if it’s a great fit for you.


Table Of Contents


SBLI Company Historysbli

SBLI is headquartered out of Woburn, Massachusetts. Louis Brandeis, a Supreme Court Justice, founded SBLI in 1907. Today, more than 110 years later, SBLI continues to focus on the high standards Brandeis put in place:

His vision was of a life insurance company that operated according to an uncompromising set of values, offered the highest quality life insurance to everyone and never failed to act in the best interests of its customers. – SBLI,  Our Heritage, Our Values, and Why They Matter to You

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Source: Boston Globe

Known as the “no nonsense life insurance company“, SBLI is owned by its customers, meaning that they do not have to answer to stockholders. In other words, SBLI is a mutually owned company.

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

Interesting fact – While other companies offer a vast array of financial products, SBLI only focuses on selling life insurance.

5 Important Facts About SBLI Accelerated Underwriting

There are 5 important things to know about SBLI no physical life insurance:

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*Subject to change

Familiarize yourself with the following when deciding if a carrier is a good fit for you:

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 (face value) the life insurance company offers

Policy length

The number of years the life insurance company will allow the policy to last

No Medical Exam

The process for underwriting life insurance without a physical (every company is different)

1. Wait Time  

Typically, you can expect to have your policy issued within a week. Keep in mind, if further information is required (let’s say the underwriter needs to order an Attending Physician’s Statement), your application turnaround time will take longer.

Like most highly rated life insurance carriers, SBLI utilizes technology to streamline the application process.

2. Issue Ages 

SBLI issues no physical life insurance policies to applicants between the ages of 18 – 60.

Note – If you are older than 60, there are a number of carriers that will offer term life insurance with no physical to you. They include:

Also note – If you are 65 or older, be sure to familiarize yourself with life insurance options for seniors.

3. Policy Amount

Your face value (also known as the death benefit amount) of your SBLI no physical policy can range from $100,000 – $500,000.

Keep in mind – Ideally, you will want to purchase an amount of life insurance that will financially protect your loved ones, should something happen to you. However, some life insurance is better than zero life insurance.

4. Policy Length

SBLI offers term policies for 10, 15, 20, 25 and 30 years.

Remember – Ideally, your coverage should last as long as your loved ones require financial protection.

5. No Medical Exam (automatically required)

If you qualify, no exam means you get to skip:

  • Needles
  • Nurses
  • Liquid samples

While just about no one enjoys the process of a paramedical exam, for some of us, the thought of being poked with a needle has been a strong enough deterrent that we haven’t secured life insurance coverage yet.

The good news is – there are plenty of excellent options for no medical exam life insurance, including SBLI’s.

Also consider – Riders 

Often overlooked, Riders are an important component of a life insurance contract.

What are Riders? Riders are a contractual provision to your life insurance policy that provides additional benefits.

SBLI provides the following riders:

Included with policy purchase –

Accelerated Death Benefit

The option to accelerate a portion of your death benefit should qualifying medical needs arise.

For an additional cost, these riders may be added to your policy –

Waiver Of Premium

If a disability occurs, the ability to keep your policy in force without paying your premiums.

Children’s Term

In addition to covering your life, your child will have life insurance coverage under your policy.

SBLI Accelerated Underwriting Application Process

What process does SBLI use to issue life insurance with no physical required?

Each company is different, so it’s important to understand the steps to be sure it’s a good fit for you.

SBLI uses a process called, Accelerated Underwriting (AU). In short, AU utilizes electronic data to determine if you qualify for life insurance without the need for a physical.

Accelerated Underwriting steps:

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Expect the application process to be quick and straightforward.

Step 1

You will typically complete an application online. We recommend you collaborating with an independent agent (that’s us) here.

Electronic applications streamline the process and you’re able to skip tedious paperwork and snail mail.

Step 2

Expect a phone interview, lasting about 20-30 minutes.

A representative of SBLI will call and ask you basic questions, like:

  1. Birthdate
  2. Gender
  3. Height/weight
  4. Occupation
  5. Medical history
  6. Prescription history
  7. Medical history of close blood-related relatives (think: siblings, parents)
  8. Tobacco user and/or alcohol consumption
  9. Lifestyle
  10. Military status
  11. Who your beneficiaries will be

Step 3

Your electronic records will be reviewed. These include:

  • Driving record
  • Prescription records
  • Medical Information Bureau (MIB) – an online database of previous insurance applications
  • Data analytics from public records that comply with the Fair Credit Reporting Act (FCRA)

Step 4

The SBLI underwriter (their job is to evaluate insurance applications by assessing risk) will quickly review your application, phone interview, and your electronic records.

Step 5

Based on their evaluation, SBLI will decide if you qualify for Accelerated Underwriting. One of a few things will happen:

  1. You qualify – Best case scenario. Your life insurance policy will be issued.
  2. Further information needed – Sometimes, underwriters will need additional information. Let’s say, for example, you have been diagnosed with high cholesterol. Your underwriter may want to review a statement from your physician, called an Attending Physician Statement.
  3. Your application is not approved – You’re not approved for the policy you applied for. Take heart, this happens from time to time. There are plenty of life insurance options and your independent agent can guide you through the next steps.

SBLI Accelerated Underwriting Quotes

SBLI has the same rates for medically underwritten and no physical policies, making them some of the most competitive in the industry.

Note – Sample quotes are for SBLI’s Accelerated Underwriting for healthy individuals. Your quote may vary.

SBLI Life Insurance Quotes Male 30 - 39 Yrs

 $250,000$250,000$250,000$250,000$250,000$500,000$500,000$500,000$500,000$500,000
10 Year Term15 Year Term20 Year Term25 Year Term30 Year Term10 Year Term15 Year Term20 Year Term25 Year Term30 Year Term
30 Year Old$13.92$14.14$14.79$20.45$22.62$18.30$18.69$21.09$29.57$33.70
31 Year Old$13.92$14.14$14.79$20.88$22.84$18.30$18.69$21.09$30.42$34.57
32 Year Old$13.92$14.14$14.79$21.32$23.27$18.30$18.69$21.43$31.28$35.44
33 Year Old$13.92$14.14$15.09$21.97$23.36$18.30$18.95$22.33$32.56$35.91
34 Year Old$13.92$14.14$15.16$22.62$23.38$18.30$19.17$22.38$33.84$37.18
35 Year Old$13.92$14.14$16.29$23.27$23.64$18.30$19.60$22.65$35.55$38.52
36 Year Old$15.11$15.33$16.93$25.93$26.20$18.95$20.04$23.87$37.68$41.14
37 Year Old$15.33$15.56$18.07$27.30$27.59$20.04$20.91$25.53$40.25$43.75
38 Year Old$15.56$16.25$19.22$29.49$29.90$20.69$22.22$27.16$42.81$47.64
39 Year Old$15.79$16.93$19.94$31.27$31.60$21.35$23.61$28.99$46.23$51.13

SBLI Life Insurance Quotes Female 30 - 39 Yrs

 $250,000$250,000$250,000$250,000$250,000$500,000$500,000$500,000$500,000$500,000
10 Year Term15 Year Term20 Year Term25 Year Term30 Year Term10 Year Term15 Year Term20 Year Term25 Year Term30 Year Term
30 Year Old$10.34$11.65$13.31$17.84$20.45$13.06$14.98$18.01$24.87$28.06
31 Year Old$10.34$11.65$13.31$18.27$20.88$13.06$14.98$18.47$25.72$28.93
32 Year Old$10.47$11.65$13.40$18.71$21.32$13.06$15.29$18.53$26.58$29.80
33 Year Old$10.61$11.88$13.40$19.36$21.75$13.50$15.39$18.53$27.73$30.21
34 Year Old$10.73$11.88$13.49$20.01$22.40$13.50$15.91$18.99$28.71$31.55
35 Year Old$10.98$12.10$13.99$20.66$23.27$13.93$16.32$19.17$29.99$32.82
36 Year Old$11.68$12.59$15.33$22.87$25.08$14.79$17.19$20.27$31.28$34.57
37 Year Old$12.14$13.28$16.02$23.78$25.11$15.25$17.86$21.14$32.98$36.78
38 Year Old$12.59$13.96$16.93$24.93$25.13$15.68$18.73$22.95$35.12$39.39
39 Year Old$13.05$14.88$17.85$26.30$26.34$16.55$19.95$24.34$37.26$41.60

SBLI Life Insurance Quotes Male 40 - 49 Yrs

 $250,000$250,000$250,000$250,000$250,000$500,000$500,000$500,000$500,000$500,000
10 Year Term15 Year Term20 Year Term25 Year Term30 Year Term10 Year Term15 Year Term20 Year Term25 Year Term30 Year Term
40 Year Old$16.25$17.85$21.67$32.78$33.12$22.96$25.92$31.15$49.64$55.49
41 Year Old$16.70$19.22$23.84$36.30$36.67$23.44$26.80$34.39$53.49$59.85
42 Year Old$17.85$20.81$26.00$39.31$40.13$24.20$29.41$37.92$58.19$65.08
43 Year Old$19.44$22.64$28.00$42.14$42.57$25.21$32.51$41.83$63.74$71.59
44 Year Old$21.04$24.45$30.60$46.03$46.49$26.84$35.67$46.31$69.72$78.16
45 Year Old$22.64$24.47$33.75$50.37$50.87$29.34$39.28$51.42$76.55$85.59
46 Year Old$24.24$26.66$36.25$54.48$55.02$31.59$42.41$55.66$82.96$92.98
47 Year Old$26.07$28.49$39.01$59.04$59.63$34.42$45.84$60.49$90.22$101.69
48 Year Old$26.60$30.63$42.26$64.75$65.40$37.47$50.03$65.72$98.77$111.68
49 Year Old$27.13$33.27$46.90$70.55$71.25$40.84$55.26$71.69$108.16$123.49

SBLI Life Insurance Quotes Female 40 - 49 Yrs

 $250,000$250,000$250,000$250,000$250,000$500,000$500,000$500,000$500,000$500,000
10 Year Term15 Year Term20 Year Term25 Year Term30 Year Term10 Year Term15 Year Term20 Year Term25 Year Term30 Year Term
40 Year Old$13.96$15.79$18.99$27.59$27.61$17.64$20.82$26.27$39.82$44.85
41 Year Old$15.11$16.70$20.13$29.26$29.56$18.99$22.57$28.32$42.81$48.05
42 Year Old$16.48$17.85$21.50$31.09$31.68$20.74$24.75$30.99$46.23$51.36
43 Year Old$16.89$19.22$23.33$33.38$33.97$22.44$26.93$33.90$50.07$55.37
44 Year Old$16.91$19.79$24.93$35.89$36.71$24.54$29.40$37.01$54.77$60.27
45 Year Old$16.93$19.81$25.94$38.63$40.23$26.14$31.29$39.61$59.47$65.08
46 Year Old$17.98$21.27$27.83$41.60$43.49$27.80$33.76$42.24$64.17$70.38
47 Year Old$18.99$22.41$29.49$44.57$46.77$29.98$35.91$44.93$69.29$75.74
48 Year Old$20.13$24.01$31.70$48.68$50.42$32.34$39.22$48.53$76.13$82.89
49 Year Old$21.50$26.49$33.86$52.79$54.67$34.42$41.83$52.99$82.96$91.74

SBLI Life Insurance Quotes Male 50 - 60 Yrs

 $250,000$250,000$250,000$250,000$250,000$500,000$500,000$500,000$500,000$500,000
10 Year Term15 Year Term20 Year Term25 Year Term30 Year Term10 Year Term15 Year Term20 Year Term25 Year Term30 Year Term
50 Year Old$27.67$37.31$51.68$77.18$77.94$45.70$67.62$96.06$124.56$141.99
51 Year Old$29.95$39.79$54.96$85.44NA$50.63$72.44$102.04$139.34NA
52 Year Old$32.96$43.14$59.83$94.91NA$56.01$78.86$111.80$156.37NA
53 Year Old$35.43$46.97$65.22$106.23NA$61.74$86.51$122.06$177.43NA
54 Year Old$38.63$51.93$71.13$118.33NA$68.01$96.46$135.00$199.38NA
55 Year Old$42.28$60.81$83.27$132.03NA$74.56$113.69$157.74$224.47NA
56 Year Old$45.94$66.81$93.06NA*NA$81.90$124.24$178.18NANA
57 Year Old$50.05$73.86$103.93NANA$90.51$136.76$198.67NANA
58 Year Old$56.21$81.95$116.65NANA$99.02$151.38$226.09NANA
59 Year Old$61.69$91.09$131.23NANA$109.32$168.08$255.40NANA
60 Year Old$68.32$105.29$147.70NANA$127.32$196.29$286.85NANA

SBLI Life Insurance Quotes Female 50 - 60 Yrs

 $250,000$250,000$250,000$250,000$250,000$500,000$500,000$500,000$500,000$500,000
10 Year Term15 Year Term20 Year Term25 Year Term30 Year Term10 Year Term15 Year Term20 Year Term25 Year Term30 Year Term
50 Year Old$22.87$29.35$36.46$57.58$59.64$38.08$51.08$65.87$94.99$105.66
51 Year Old$24.47$31.60$38.17$63.29NA$40.77$52.63$69.06$104.40NA
52 Year Old$26.07$33.60$41.37$69.69NA$43.91$56.46$72.14$115.15NA
53 Year Old$27.89$35.35$44.93$77.68NA$47.94$63.03$79.75$128.14NA
54 Year Old$29.95$38.69$49.12$86.13NA$51.88$69.81$88.27$142.03NA
55 Year Old$32.23$42.41$53.93$95.49NA$55.78$76.73$97.23$157.71NA
56 Year Old$34.29$45.94$58.50NA*NA$59.50$83.52$106.43NANA
57 Year Old$36.34$49.59$63.06NANA$62.28$89.78$115.60NANA
58 Year Old$38.86$54.03$68.55NANA$65.86$97.61$128.55NANA
59 Year Old$42.74$60.55$76.31NANA$71.69$109.10$142.93NANA
60 Year Old$48.22$69.28$90.37NANA$83.13$124.24$173.03NANA

*Additional policies are available through traditional underwriting (medical exam included).

Bottom Line

Your specific needs will determine the best life insurance policy to apply for. There is no one-size-fits-all product or carrier.

Whether or not SBLI is a good fit for you is dependent on your needs and circumstances, and how those align with their underwriting practices.

What we mean

Have a firm grasp on the following, before applying for life insurance:

  1. Ideal policy face amount
  2. Desired policy length
  3. Circumstances that would affect your life insurance rating and/or approval (i.e. you are seeking life insurance as a cancer patient)
  4. Underwriting process you are comfortable with

How To Apply

You will want to do two things to apply for life insurance:

1. Partner Up

Collaborate with an independent life insurance agent (that’s us). That way, your best interest is at heart. An independent agent will have access to the top-rated life insurance companies to find the best policy to fit your needs. They’re not held captive to a particular carrier.

2. Prep

Be ready to complete your application by having your important information readily available. You will want to write down your medical history, occupation information, and any lifestyle information that would affect underwriting.

To get started, simply fill out our instant quote.

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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