No-Exam Life Insurance For seniors over 60, securing life insurance traditionally meant invasive medical exams, lengthy approvals, and high rejection rates. But 2025 is different. No-exam life insurance has surged in popularity, with insurers like AIG, Mutual of Omaha, and Fidelity Life using AI-driven underwriting to approve applicants in hours, not weeks. This guide dives into the top instant-approval policies of 2025, hidden discounts, and strategies to avoid overpaying—even with pre-existing conditions.
Why No-Exam Life Insurance Is a Game-Changer for Seniors
1. Skip Medical Exams (Even with Health Issues)
- 2025 Data: 65% of applicants over 60 have at least one chronic condition (e.g., diabetes, hypertension).
- No Bloodwork: Insurers like AIG and Gerber Life now rely on AI algorithms and prescription databases instead of physicals.
2. Faster Approval Times
- Traditional Policies: 4–8 weeks for underwriting.
- No-Exam Policies: Approval in 24–72 hours (e.g., Mutual of Omaha’s Term Life Express).
3. Flexible Coverage Options
- Guaranteed Issue: No health questions (coverage: 5k–5k–25k).
- Simplified Issue: 3–5 health questions (coverage: 50k–50k–1M).
Pro Tip: Choose simplified issue if you’re relatively healthy—it’s 30% cheaper than guaranteed plans.
5 Best No-Exam Life Insurance Providers in 2025
We analyzed 20+ insurers based on cost, speed, and customer satisfaction.
1. AIG Guaranteed Issue Life (Best for High-Risk Seniors)
- Coverage: 5k–5k–25k
- Approval Time: Instant (no health questions).
- 2025 Cost: $89/month for a 70-year-old.
- Pros: No medical exams, accepts terminal illnesses.
- Cons: 2-year waiting period for full benefits.
2. Mutual of Omaha Term Life Express (Best for Healthy Seniors)
- Coverage: 50k–50k–300k
- Pros: Competitive rates, free accelerated death benefits
- Cons: Requires answering 3 health questions.
3. Fidelity Life RAPI Decision® (Best for High Coverage)
- Coverage: 50k–50k–1M
- Approval Time: 72 hours.
- 2025 Cost: $115/month for a 75-year-old.
- Pros: Coverage up to $1M, includes chronic illness rider.
- Cons: Higher premiums for smokers.
4. Colonial Penn 65+ (Best for Budget Buyers)
- Coverage: 10k–10k–50k
- Approval Time: Instant.
- 2025 Cost: 50/monthfor50/monthfor10k coverage.
- Pros: Fixed premiums, no rate hikes.
- Cons: Low maximum coverage.
5. Banner Life Secure Plus (Best for Smokers)
- Coverage: 25k–25k–100k
- Approval Time: 48 hours.
- 2025 Cost: $95/month for a 70-year-old smoker.
- Pros: No nicotine tests, accepts COPD/asthma.
- Cons: Limited term lengths (5–10 years).
Comparison Table:
| Provider | Coverage Range | Avg. Monthly Cost (Age 70) | Health Questions | Waiting Period |
| AIG | 5k–5k–25k | $89 | 0 | 2 years |
| Mutual of Omaha | 50k–50k–300k | $72 | 3 | None |
| Fidelity Life | 50k–50k–1M | $115 | 5 | None |
| Colonial Penn | 10k–10k–50k | $50 | 0 | 1 year |
| Banner Life | 25k–25k–100k | $95 | 2 | None |
5 Hidden Discounts to Slash Premiums in 2025
- Group Insurance Through AARP: Save 10–15% with AARP-endorsed policies (e.g., New York Life).
- Annual Payment Discount: Pay yearly instead of monthly to save 5% (e.g., Transamerica).
- Multi-Policy Bundling: Pair life insurance with Medicare plans (e.g., Humana: 8% off).
- Non-Smoker Rates: Quit smoking for 12+ months? Banner Life cuts premiums by 30%.
- Spousal Discounts: Apply with your partner for up to 10% off (e.g., Mutual of Omaha).
2025 Trend: Insurers like Nationwide now offer telehealth discounts for seniors who complete annual virtual checkups.
5 Costly Mistakes to Avoid
- Ignoring the Waiting Period: Guaranteed issue policies (e.g., AIG) don’t pay full benefits for 2 years.
- Overbuying Coverage: Seniors rarely need 20-year terms—opt for 10-year plans to save 25%.
- Skipping Riders: Add a chronic illness rider (e.g., Fidelity Life) to access funds for medical bills.
- Not Disclosing Medications: Insurers check FDA databases—omitting prescriptions risks denial.
- Failing to Compare Quotes: Rates vary by 300%! A 75-year-old pays 50–50–200/month depending on the provider. Case Study: Linda, 68, saved $600/year by switching from AIG to Mutual of Omaha after quitting smoking.
How to Apply for No-Exam Life Insurance in 2025 (Step-by-Step)
- Check Eligibility: Most insurers cover ages 60–85. Colonial Penn accepts up to 90.
- Gather Documents: Driver’s license, medical history, and prescription list.
- Compare Quotes: Use free tools like Policygenius or Quotacy.
- Submit Application Online: Answer 3–5 health questions (takes 10 minutes).
- Review & Sign: Policies are emailed within 24–72 hours.
Pro Tip: Avoid lying about smoking—insurers test nicotine via saliva in 2025.
FAQs
Q: Can I get coverage with diabetes or heart disease?
A: Yes! AIG and Gerber Life accept high-risk applicants—rates rise by 20–40%.
Q: What’s the maximum coverage for no-exam policies?
A: Up to 1M (Fidelity Life),but most seniors opt for1M (Fidelity Life),but most seniors opt for50k–$100k.
Q: Do premiums increase with age?
A: Term policies: Fixed rates. Whole life: Premiums stay level, but cash value grows.
Q: Can I convert term life to whole life later?
A: Yes—Mutual of Omaha allows conversions without new medical exams.
Conclusion: Secure Fast, Affordable Coverage in 2025
No-exam life insurance over 60 is no longer a last-resort option. With AI underwriting and instant approvals, seniors can now secure up to $1M in coverage without needles or paperwork. Use this guide to compare 2025’s top providers, leverage discounts, and avoid pitfalls—then take action today to protect your family’s future.
Next Step: Click below to compare personalized quotes from AIG, Mutual of Omaha, and more in minutes.
