How much does life insurance without a medical exam cost?

No-exam life insurance generally costs more per dollar of coverage than a medically underwritten policy, because the insurer accepts more risk without health data. How much more depends on the product. Accelerated underwriting term is usually priced close to traditional term, while simplified issue charges higher premiums for lower coverage. Guaranteed issue is the most expensive option and carries the smallest limits, often with a graded death benefit during the first two to three years.