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The application process is extremely simple. Yes, even tobacco users applying for life insurance through Principal’s Accelerated Underwriting Program are eligible for Preferred Tobacco rates, a class often left out from other no exam carriers. As Principal entered this market, they allowed the consumer to pick from all their types, whether it be term or permanent. Most providers currently approving consumers for life insurance without a medical only do so for distinct policy types, like 10, 15, or 20-year terms. However, with the Principal no exam option, you get the same rates as their Preferred or Preferred Best rated clients, depending on which level you’re accepted. Several companies who do offer no exam life insurance already have a completely separate product line they’ve created to accept the risk, and it comes with slightly higher premiums than the fully underwritten option. You can go here to read about what their product offers, too.īut not only did Principal’s new Accelerated Underwriting Program shatter the death benefit maximum, but it comes with a few extra bonuses: Update: Haven Life is another provider for this type of policy.

It’s the first of its kind, more than doubling the availability of death benefit previously established in the industry. Principal Life Insurance Company is the company who is now offering the $1,000,000 no exam life insurance. You could get more coverage in total by applying to a handful of carriers who offer no exam policies and accepting more than one, however it begins to get cost prohibitive due to multiple policy fees.īuying life insurance without a physical already has miniature fees built in because of higher risks to the insurance companies, too.Īt least, this is how it has been done traditionally. There are no needles or exams, and very little underwriting which takes place.īut until now, the maximum coverage anyone could get through just one carrier was $400,000. The no exam life insurance market is really starting to take off, with more than 18 no medical life insurance companies taking part already and more entering the market each quarter.Īnd it’s no wonder it’s becoming popular. Updated Now Available: Million Dollar No Exam Term Life Insurance Updated : Haven Life now goes up to $2,000,000! This is double the industry standard! Updated : There are now multiple carriers, not just one, who offer no medical coverage up to a million. You can do it all from the comfort of home. Trying to find an affordable million dollar term policy can be a task in itself.īut trying to find a million dollar no exam term life insurance policy was impossible, until now.Ī revolutionary new product gives Americans access to seven figures of coverage without any medicals, any needles, and ultra-fast turn around times.