What is the cheapest life insurance without a medical exam?

No single policy is the cheapest, but accelerated underwriting term life generally costs the least among no-exam options because insurers price it close to a medically underwritten policy. Simplified issue and guaranteed issue charge more per $1,000 of coverage, and guaranteed issue also caps coverage at roughly $25,000 to $50,000 and usually carries a graded death benefit of two to three years.