No Exam Life Insurance NY

If you’re looking for no medical exam life insurance in NY, you’ve probably realized by now that it’s not going to be easy. The truth is, there are only a handful of insurance companies that offer no exam life insurance in the state of New York. To make matters worse, there is a lot of misinformation out there.

No medical exam life insurance is one of the fastest growing segments in the insurance industry and there is not much of a mystery why this product is becoming so popular. Why take an exam for life insurance if you can skip the medical and get approved without the hassle?

No exam life insuranceInsurance companies are finally catching on that New Yorker’s want no exam life insurance opportunities to. There are more insurance companies offering no exam policies than ever before. Scroll to chart below:

What’s New For 2024?

1. American National Insurance Company (ANICO)  – has dropped out of selling any type of life insurance in New York. Policies are still available in other states.

2. John Hancock – now offers “express track” non med policies for applicants up to $3,000,000.  You must be very healthy, but if you qualify, you could have your life insurance policy in 3 – 5 days!

3. Mutual of Omaha – has also joined the New York no exam companies offering coverage up to $300,000. However, approval could take up to 3 weeks.

4. Prudential Life – Lowered their non medical policy limits from $1,000,000 to $500,000.

What Companies Offer No Medical Exam Life Insurance Policies in New York? (Updated 2024)

(Click the links below to jump to the company you are interested in learning more about)

Ameritas
Gerber
John Hancock
Mutual of Omaha
Principal Financial
Prudential
Securian
William Penn

What Is No Exam Life Insurance?

There are three types of no medical exam policies:

Simplified Issue/Accelerated Underwriting – If you are in good health, this process is quick and easy. Accelerated Underwriting is an excellent fit for people in good health who wish to avoid a lengthy application process and get approved right away. To qualify for this product, the applicant cannot have serious health conditions, such as diabetes, heart disease or cancer. The application process simply requires answers to a series of health questions by e-application, motor vehicle report and prescription search.

Guaranteed Issue Life Insurance – Also known as a guaranteed acceptance policy, requires minimal health questions to be answered but no medical exam. This process has limited coverage amounts – usually $25,000 to $50,000. Coverage is available for anyone who applies – you cannot be denied.

Graded Death Benefit Life Insurance – Graded death benefit insurance is for people with serious health issues and can’t get a policy anywhere. The application usually involves a few health-related questions, but no medical exam is required. Usually during the first two years of coverage, full policy benefits are limited.

New York No Medical Exam Life Insurance Companies

 

Ameritas no Exam Life Insurance

 

Ameritas

Easy App Tele-Underwriting – up to $300,000

A.M. Best Rating: A (Excellent)

Product Details:

No Exam Life Insurance

10,15,20 and 30 year Term Insurance

Ages: 0 to 60 – $50,000 to $300,000

Requirements:

1. You must be relatively healthy
2. Motor Vehicle Report (MVR) – your driving record
3. Medical Information Bureau (MIB) – a record of previous insurance applications
4. Prescription history – a database of your prescriptions for the last 10 years

Approval Time: Within 24 hours

Riders Available at no cost: Critical Illness, Terminal Illness, Chronic Illness

Riders available at an additional cost: Waiver of Premium, Accidental Death, and Conversion to Whole Life

gerber life no exam life insurance

Gerber life insurance


Guaranteed Acceptance Life Insurance

Guaranteed acceptance insurance is Whole life insurance that does not require a medical exam or health questions in order to be approved for coverage. Your acceptance is guaranteed regardless of health.

A.M. Best Rating: A (Excellent)

Product Details:

Children’s Policies – Child Life Insurance Policies:

$5,000 to $50,000 Whole life insurance with no medical exam

Issue Ages: 14 days to 18 years of age

Approval Time: 15 Minutes

Guaranteed Issue Whole Life For Adults

Amounts: $5,000 to $25,000

Issue Ages: 50 – 80

Simplified Senior Whole Life – No medical exam but questions regarding health and medical history are required.

Amounts: $25,000 to $100,000

Issue Ages: 50 – 80

Approval Time: 15 Minutes

Guaranteed Issue Whole Life: This is a Graded Death Benefit Policy with a 2- year waiting period for death benefits to be paid. This means that if you die in the first two years of the policy, your beneficiaries will not get the full death benefit. They will receive the premium paid thus far plus 10% interest.

Simplified Senior Whole Life: is a simplified issue policy with no medical questions for applicants 70 and under. If you are over age 71 medical questions could be asked and you can be denied a policy. Gerber Simplified policies are guaranteed to never increase their premiums and the policies earn competitive cash value rates.

john hancock no Exam life insurance

 

 

John Hancock

No Exam Life Insurance

A.M. Best Rating: A+ (Superior)

Protection Term

Product Details: 10, 15, 20-year level term insurance

Ages: 18 to 60 – $100,000 to $3,000,000

Requirements:

1. E-Application
2. Telephone interview
3. Motor Vehicle Report (MVR)
4. Prescription History
5. Medical Information Bureau (MIB)

Approval Time: Within 3 – 5 Days

Policy Riders Included: Accelerated death benefit

See our John Hancock review

Mutual of Omaha no exam life insurancec

 

Mutual of Omaha

Term Life Express

A.M. Best Rating: A+ (Superior)

Product Details: 10, 15, 20,30-year level term insurance

Ages: 18 to 50 – $25,000 to $300,000

Ages: 51 to 65 – $250,000 or less

Requirements:
1. Telephone interview
2. Motor Vehicle Report (MVR)
3. Prescription History
4. Medical Information Bureau (MIB)

Approval Time: Within 24 hours

Policy Riders Included: Accidental death and waiver of premium

Principal Financial no exam life

 

Principal Financial

Accelerated Underwriting Program

A.M. Best Rating: A+ (Superior)

Ages: 18 to 60

Coverage amounts: $50,000 to $1,000,000

Product Details: 10, 15, 20,30-year level term insurance

Requirements:

1. Telephone interview
2. Motor Vehicle Report (MVR)
3. Prescription History
4. Medical Information Bureau (MIB)

Approval Time: Within 48 hours. Preferred plus and preferred health classes only.

Note: you must be very healthy to qualify for this coverage. No medical issues!

Prudential Fast Track no exam

Prudential

Fast Track Accelerated Underwriting Program

A.M.Best Rating: A+ (Superior)

Product Details: Term 10, 20, 30 Level Term Insurance

Most of Prudential’s Term and Permanent Products (excludes PruTerm One and Survivorship products)

Ages: 18 to 50

Face Amounts: $100,000 to $500,000

Requirements:

1. Telephone interview
2. Motor Vehicle Report (MVR)
3. Prescription History
4. Medical Information Bureau (MIB)

Preferred, Nonsmoker to Standard Health Classes

Approval Time: Usually take up to 4 or 5 days.

Securian Financial Write Fit no exam

 

 

 

Securian

Write Fit, No Exam Life Insurance

A.M Best Rating: A+ (Superior)

Product Details:

Signature Term NY: 10, 15, 20, 30 years

Accelerated Underwriting Program:

Write Fit Term – No Medical Exam

Ages: 18 to 50 – $0 – $3,000,000- Standard, Preferred, Preferred Plus

Ages: 51 to 60 – $0 – $1,000,000 – Standard, Preferred, Preferred Plus

Write Fit Xpress Term- No Medical Exam.

Ages: 16 to 45 – $100,000 to $250,000 – Standard, Preferred, Preferred Plus

See our full Securian review.

Requirements:

1. E-Application
2. Motor Vehicle Report (MVR)
3. Prescription History
4. Medical Information Bureau (MIB)

Approval Time: Usually within 24 Hours

William Penn no medical exam

 

 

William Penn

Accelerated Underwriting Program in NY

A.M Best Rating: A+ (Superior)

William Penn is one of the low cost leader for New York term life insurance and is owned by Legal and General America. William Penn is licensed to conduct business and sell policies in the state of New York. While Its sister company Banner life insurance, is licensed to conduct business in every other state except New York. See our full William Penn review here

Product Details:

OptTerm 15-, 20-, 25- or 30-year level term insurance. (See our full William Penn review)

Coverage Amounts:

Age 20 to 40 $100,000 to $1,000,000
Age 41 to 45 $100,000 to $750,000
Age 46 to 50 $100,000 to $500,000

Requirements:

1. App-Assist Simple Application
2. Telephone interview
3.  Motor Vehicle Report (MVR)
4. Prescription History
5. Medical Information Bureau (MIB)

Approval Time: Less than 48 hours

We’re Here To Help

If you’re looking for no exam life insurance in NY we can help. We’re an independent agency that is licensed to do business with all these companies and many more. We represent over 30 life insurance companies and shop on your behalf to get you the best rate, at no extra cost to you! Give us a call at 914-633-1717 or contact us if you have any questions.