Instant Life Insurance With No Exam & No Waiting Period!

I know you are tired of all the websites that promise to give you instant life insurance quotes or no exam life insurance, but end up just taking you through an endless cycle of phone calls and no coverage.

But what if I told you that fast life insurance is very real and that you can get a life insurance quote in an instant. 

instant life insurance

And guess what, you can also get a life insurance quote in an instant, avoid a medical exam, and get approved for instant insurance all online in under five minutes.

In this post today I will explain to you what instant term life insurance is, how it works, go over the average costs and show you how to purchase your life insurance instantly over the internet today. 

What Is Online Instant Life Coverage?

“In Plain English” – It’s term life insurance that allows you to get a quote, apply online or over the phone and get coverage approved and in-force all without an exam, a waiting period, or an insurance agent.

You may be able to get a quick life insurance quote and even apply for life insurance online, but at what point does life insurance become instant?

The problem has been; however, that most life insurance companies only offer the first two steps in the process and very few offer the third step, actually to make the product an “instant” product.

The main difference between an instant product and a traditional term life policy is the underwriting and approval process

You essentially get to buy life insurance now. 

You still get the same options and types of coverages like any traditional term life policy:

  • Death Benefit – The Amount Of Coverage You Want To Leave For Your Family
  • Term Length – You Still Get To Choose How Long Your Policy Lasts 2, 10, Or 20 Years.
  • Beneficiary – You Still Get To Pick Who You Will Leave The Death Benefit To.

Below we will discuss the differences in the different products vs an instant product but first, let’s review some pros and cons of an immediate life insurance policy.

Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of getting your quotes and applying.

Pros Of Getting Term Life Insurance In An Instant

Listing all of the advantages of a product like this is going to be super easy, and you can quickly see the benefits and pros of an instant and fast life insurance policy:

  • Pay Online – With Your Credit Card
  • Instant Quotes – You Get Your Quotes Instantly With Little To No Personal Info Required
  • Simple & Fast Application – Your Application Can Be Completed In Less Than 5 Minutes
  • No Exam – This Policy Requires Absolutely No Physical Exam, Avoid The Needles.
  • No Agents – You Choose If You Want To Deal With An Agent Or Not
  • No Waiting – You Don’t Have To Wait For The Average 3 – 4 Weeks For An Answer
  • Instant Answer – You Are Either Approved Or Declined With Accelerated Underwriting
  • 100% Online – No Messy Paperwork Required & Super Fast Approval Time

As you can see, this list is fantastic and I know it seems a bit unrealistic, primarily if you have shopped for life insurance in the past.

However, things are changing fast in the life insurance industry, and I suspect more no exam term life insurance companies will be going to this model soon of insurance with no waiting.

The above benefits easily makes no exam the best life insurance policy if you want to get life insurance effective immediately.

Cons Of Getting Life Insurance Instantly

It wouldn’t be fair only to show you the best side of an instant term insurance product and not some of the downsides:

  • Higher Prices – Instant Life Coverage Generally Is A Bit More Expensive
  • Lower Coverage Amounts – Usually You Can’t Get More Than $1,000,000 In Coverage.
  • If You Aren’t Healthy You Might Not Qualify – While It Is “Instant” It’s NOT “Guaranteed”
  • No Additional Riders Like – Return Of Premium Term, Living Benefits  

I really tried to come up with some other Cons for this product, but those are the main ones.

And to be 100% honest the “Higher Prices” will probably be going away soon because no exam companies are really closing in on the price gap.

How Does Instant Life Insurance Work?

Now that you know what instant life insurance is and some pros and cons, we need to go over how it works so that you can understand what it is, and what it isn’t.

Instant Term Life Insurance Quotes

The first step to this process is getting an instant term life insurance quote, if you can’t get a quote without giving up personal contact information like:

  • Your Name
  • Phone number
  • Email Address

Then you are probably not looking at an instant quote and instead should be preparing yourself for tons of phone calls.

In this day and age, there is really no need for anyone to request the above information just to give you a quote.

So getting an instant quote without needing to give personal information is the first part of the process.

Easy Online Application Process

Once you have viewed your quotes and decided to move forward, you shouldn’t have to request for an application to be sent to you.

These products will have a life insurance application that can be completed 100% online 24 hours a day 7 days a week.

Not only can you access it all online, but it will be effortless to complete and straightforward to follow.

You will be able to compare quotes based on death benefit, issue age or health class if you are looking for coverage for more than one person or just yourself.

The whole process shouldn’t take, on average, more than 5 to 10 minutes depending on how fast you type.

Instant Underwriting & Approval

This is going to be the final step of the process.

The cool thing about an immediate life insurance policy is that in the background, while you are filling out your application, the underwriting is happening in real time.

Real Time means that the application asks questions based on how you answer them and makes decisions of your approval based on this information.

Through the process, it will pull your information for things like your prescription drug history, your driving record, and history as well as your history of applying for life insurance.

It will use all of this information together, and by the time you get to the end of the application, it has an answer for you.

These answers can only be:

Approved – You have been approved for the policy, and now you can make your payment, usually with a credit or debit card.

Declined – You have been declined, and the company will send you an email with a general idea of why you were declined.

Remember if you need high risk life insurance or life insurance after a heart attack, then this isn’t the best product for you.

That is exactly how a true, instant no medical life insurance policy works, for an even better understanding of the different “instant” products check out our quick comparison charts below.

Life Insurance No Medical Exam No Waiting Period

No one is ever ready for the life insurance buying process, and the worst part about it is that no one ever gives you an idea of what to expect.

I have seen countless horror stories online and dealt with them directly sometimes with my customers. 

Believe it or not, I have had customers wait over 3 to 4 months just for an answer and sometimes it wasn’t an approval, or it was (what we call in the industry) approved other than applied for. 

Imagine going through the exam process, and after waiting 4 months, you are finally told that you haven’t been approved or that you have been approved, but it will cost you an additional $50.00 per month.

You can avoid all of this heartache by getting life insurance with no medical exam and no waiting period.

No exam term insurance is the only type of life insurance that will give you the fastest answer and the fastest approval.

Unless you need more than $1,000,000 in life insurance, then I would recommend trying to get approved with the no medical exam term route first.

Instant Issue Life Insurance Comparisons

Below we compare the different types of instant issue policies. 

Instant Issue Life Insurance Vs Traditional Life Insurance

Instant Issue Term Life Insurance

  • Up To $1,000,000 In Coverage
  • 5, 10, 20 Year Term Options
  • No Exam Required 
  • No Waiting Period
  • Real Time Underwriting
  • No Agents
  • Instant Answer
  • Slightly Higher Premiums

Traditional Term Life Insurance

  • Up To $25,000,000 In Coverage
  • 5, 10, 15, 20, 30 Year Terms
  • Exam Required
  • 3 – 4 Week Waiting Period
  • Full Underwriting Process
  • Need To Deal With An Agent
  • Lower Premiums

​Instant Decision Vs Instant Approval

  • Exam May Be Required
  • Possible Waiting Period
  • Real Time Underwriting
  • No Agents
  • Immediate Decision
  • Regular Premiums
  • No Exam Required
  • Life Insurance No Waiting Period
  • Real Time Underwriting
  • No Agents
  • Instant Answer
  • Slightly Higher Premiums

​Instant Approval Vs Guaranteed Issue Life Insurance

  • No Exam Required
  • No Waiting Period
  • Real Time Underwriting
  • No Agents
  • Instant Answer
  • Higher Premiums
  • Usually Final Expense Insurance
  • No Exam | Builds Cash Value
  • No Health Questions
  • 2 Year Waiting Period Required
  • No Underwriting
  • Need To Deal With An Agent

Hopefully you now have a better understanding of what all of these different “Instant” options mean and how they work.

Unless you can’t get life insurance traditionally I would avoid any type of graded benefit or guaranteed acceptance type of policy because they are the most expensive life insurance around.

When it comes to term life insurance coverage, no exam might not be the most affordable life insurance option every time, but the rates are solid and the speed to approval is like no other product around.

Sample Instant Life Insurance Quotes

Check out a few sample rates below: 

Instant Life Insurance Quote For Women

*Rates are based on a 33 year old female in preferred health non-tobacco

Instant Life Insurance Quotes For Men

*Rates are based on a 33 year old male in preferred health non-tobacco

Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of getting your quotes and applying.

Who Should Buy Instant Issue Life Insurance?

If you aren’t sure if you should be looking into instant life insurance we give you an idea below.

Healthy People & Young People

The best candidates for an instant issue life insurance policy is going to be people that are young and also people that are healthy.

Your health history is still used to determine your final underwriting decision when it comes to instant insurance policies, so your health is a huge factor in your approval. 

The reason this is great for younger people is that the majority of young people will not have been diagnosed with anything and won’t be on any prescription medications.

If you have preexisting conditions like diabetes, have heart problems, or take multiple medications then this probably not the best product for you.

This really is the best life insurance for young adults, especially if you haven’t been diagnosed with anything, aren’t on any prescriptions, and want life insurance without medical exams or records.

​​People Afraid Of Needles

If you don’t like needles, this is the best option for you because there is No Exam. 

For traditional life insurance policies you would have to take an exam, but with an instant issue no physical life insurance policy you are good to go.

Even if you have to pay a bit more per month, it is well worth it to go without the needles.

​Someone Ordered By A Judge (Divorce Or Child Support)

One of the most overlooked reasons people need to get life insurance is because of a decree that’s given by a judge. 

It could be a divorce decree or a child support settlement, and usually, you will need to get this coverage in place extremely fast. 

I had clients that would call me in the past all of the time with this issue, and we almost never were able to help them if they went with the exam route due to the amount of time it took.

When dealing with life insurance and divorce, it’s best to get this coverage in place fast to satisfy the court’s mandate.

If you have this situation, you now have a much faster choice with getting life insurance quotes instantly with no exam and no waiting period. 

​Someone Who Can’t Get Traditional Insurance

If you are between the ages of 45 to 85 and have been unable to get covered through traditional life insurance then a Final Expense policy will probably be your best option.

While we do offer final expense coverage,you can read this great Lincoln Heritage review that goes over how final expense or burial insurance works and also some costs and coverage options

How To Buy Life Insurance Online Instantly

You can buy life insurance instantly over the internet today, as a matter of fact, you can get the whole process completed within 5 minutes. 
Financial Technology (Fintech) has finally caught up to the life insurance industry, and companies are creating new and innovative life insurance products. 
The company that stands out the most for instant & fast life insurance with no exam & no waiting period is Bestow. 
Bestow offers people ages 21 to 55 the ability to buy their life insurance direct online without any exam with their no exam simplified issue life insurance product.
All you do is complete a few health questions through a simple application and if you are approved your coverage starts today.

If you want to buy life insurance online now, we think Bestow is best company for the job.

  • Get Up To $500,000 Of Affordable Instant Issue Term Life Insurance Today 
  • Apply Online In Under 5 Minutes,Get Instant Insurance Coverage Now 
  • Backed By North American Company Rated A+(Superior) By AM Best
  • 2 Year Waiting Period Required
  • No Exam, No Waiting Periods, No Agents & No Hassle

You can also check out our awesome review we did on Bestow here.

Fast Life Insurance Questions

Can I Get Declined For This Coverage? 

Answer: Yes, No exam life insurance still uses your medical history to determine your eligibility for coverage.  

Since there is no exam and the insurance company can only gather information from a few databases they are a bit more strict on the guidelines.  

fast life insurance

Will My Rates Ever Increase? 

Answer: Just like any term life insurance policy, your rates are locked in for the life of the policy term.  

At the end of the term you will be given the option to either renew your policy or get another policy, and at that time you will see a rate increase. 

If I Have Medical Issues, Should I Consider Getting Life Insurance Instantly? 

Answer: It won’t hurt you to give it a shot if you have been procrastinating because you are afraid of the traditional process. 

Keep in mind that no exam/instant approval life insurance is more strict on underwriting guidelines and can be a bit harder to get approved for. 

If you have an extensive medical history, I would suggest going with the exam route or reaching out to an agent for more specialized help and focus.

Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of getting your quotes and applying.

Frequently Asked Questions

How much life insurance can you get without a medical exam?

In the past, you could only get between $250,000 to $500,000 in no medical exam policies; however, you can now get much large coverage amounts up to $1,000,000. 

You can obtain term life insurance quotes for no exam coverage without an exam, entirely online, and with a few medical questions.

Do all life insurance policies have a waiting period?

No, all life insurance policies do not have a waiting period, traditional term life and whole life policies cover you immediately from day one. 

Only a guaranteed life insurance policy has a waiting period for up to 3 years.

Do I have to get a medical exam for life insurance?

You don’t have to get a medical exam for life insurance, but you still have to go through medical underwriting. 

This means you will still have to answer health questions, and a few database reports like your driving record will still be pulled.

How long do you have to pay life insurance before it pays out?

There is no set amount of time you have to pay life insurance before it pays out.  

If you are approved for life insurance coverage and pass away 1 week later, the policy can pay out. 

Can life insurance check medical records?

Yes, life insurance can check your medical records because it is part of their underwriting process.  

If a life insurance company decides to check your medical records it usually adds about two weeks to the waiting time before you can be approved.

Is medical test required for term insurance?

No medical test is required for term insurance, this is because there are options that allow for no medical exam.  

However, if you need more than $1,000,000 in coverage or have a complicated medical situation you might be required to take one.

Do all life insurance companies require physical exam?

No, all life insurance companies do not require a physical exam, this is a recent change from the past 10 years but now, almost all insurance companies offer a no physical exam option.

Taking Action

The level of procrastination that is usually associated with buying life insurance has all come from the purchasing process. 

Those days are now over and soon will be a thing of the past, there is no need to wait any longer.

Now that there is instant life insurance, it’s going to be hard to give an excuse as to why your family isn’t covered. 

The process is no longer going to take you ages to complete, and you can purchase it the same way most of us shop in the 21st century, and that is 100% online and within 5 minutes.

Getting life insurance in an instant is now a reality and just a click away, you can click here or on the button above to get started.

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