What is no-exam life insurance?

No-exam life insurance is a policy that does not require a traditional paramedical examination. Instead, insurers use data sources like prescription drug databases, MIB (Medical Information Bureau) records, motor vehicle reports, and health questionnaires to assess your risk. Approval can happen in minutes to days. Coverage limits are typically lower than fully underwritten policies (often capped at $1–3 million), and premiums may be slightly higher, but no-exam policies are an excellent option if you are healthy and want fast coverage.