What is the cheapest life insurance without a medical exam for someone over 50?

No single policy is cheapest, because the price depends on age, health, and coverage amount. Among no-exam options, accelerated underwriting term life generally costs the least for healthy applicants over 50, since the insurer still reviews health questions and third-party records and prices the policy close to a fully underwritten one. Guaranteed issue policies accept everyone without health questions but cost the most per $1,000 of coverage and typically cap out at $25,000 to $50,000.