Finest No-Medical-Examination Life Insurance coverage Corporations

Finest Total

Penn Mutual was a shoe-in for this award as a result of it would waive the examination requirement for eligible candidates who apply for $10 million or much less in protection, together with folks 65 or youthful and people who need a everlasting life insurance coverage coverage. The corporate additionally has one of many highest monetary power grades obtainable from credit standing company AM Finest and one of many lowest buyer criticism charges of the suppliers we researched. Our consultants gave it sturdy marks, too, for its lengthy historical past of paying dividends to eligible policyholders at a excessive rate of interest. 

Finest for Excessive Protection

Penn Mutual’s protection restrict for accelerated underwriting is $10 million, the best by far among the many corporations we reviewed—and double the $5 million protection quantity for runner-up Nationwide. This enables extra candidates to get the protection they want with out having to take a medical examination. 

In the event you’re not but 66, in good well being, and need a loss of life good thing about as much as $10 million on a person life insurance coverage coverage, Penn Mutual could let you skip the medical examination. 

Qualifying for accelerated underwriting doesn’t assure an examination received’t be required, however should you’re authorized, you possibly can full the whole course of on-line with the assistance of a Penn Mutual insurance coverage skilled. 

A part of what makes Penn Mutual stand out is its wide selection of coverage sorts obtainable with accelerated underwriting. They embrace time period, entire, and common life insurance coverage insurance policies, together with convertible and non-convertible time period insurance policies; listed common and variable common insurance policies; and some totally different entire life insurance coverage insurance policies with non-obligatory riders. 

Nevertheless, rider choices for the corporate’s time period insurance policies are extra restricted. And also you received’t discover accelerated loss of life advantages, which allow you to use a few of your loss of life profit when you’re alive should you get a critical sickness. 

Penn Mutual earned the second-best monetary power score (A+) from AM Finest, indicating the corporate has a superior skill to fulfill its claims-paying obligations. Prospects appear fairly pleased with Penn Mutual. Its Nationwide Affiliation of Insurance coverage Commissioners (NAIC) Criticism Index reveals they filed far fewer complaints to state regulators than anticipated for a corporation of its dimension. Penn Mutual ranked above common within the 2024 J.D. Energy U.S. Particular person Life Insurance coverage Research, coming in eighth out of 21 giant insurers.

Penn Mutual has paid dividends to eligible policyholders for 175 straight years, and its 2025 dividend curiosity was the best we noticed amongst corporations providing no-exam life insurance coverage. On high of that, Penn Mutual charges for time period life insurance coverage are aggressive relative to business common charges. 

The most important draw back to making use of for a Penn Mutual no-exam coverage is that you simply’ll need assistance from an insurance coverage agent. The corporate’s web site doesn’t present a quote instrument or utility and has scant details about coverage choices, so that you’ll have to name for extra particulars. That mentioned, Penn Mutual does provide a web based portal that current policyholders and beneficiaries can use to make funds or begin a declare. 

Based in 1847, Penn Mutual is predicated in Horsham, Pennsylvania, exterior of Philadelphia.