The Easiest Way to Buy Life Insurance Online - Fast Approvals
Did you know that you can purchase up to $1,000,000 of life insurance online without ever speaking to an agent?
In fact, a term life insurance policy can be purchased in just a few minutes from our trusted partner, Quility.
No invasive medical exam or phone interview needed!
Keep reading and we’ll tell you everything you need to know about buying life insurance online before you apply. If you decide to apply, just enter your information in the form on top right of page to apply and get a decision in less than three minutes.
Here’s what we'll cover in this post:Quick Article Guide
Who is Quility Life Insurance Company?
Quility is a top-rated insurance provider that is backed by the Savings Bank Life Insurance Company of Massachusetts, also known as SBLI. SBLI is an A- (Excellent) rated insurance provider that was established in 1907. The company’s founder, Louis Brandeis, created the company during the Bankers' Panic when the stock market fell by nearly 50%.
In 1992, new legislation was passed that allowed SBLI to begin selling life insurance to U.S. residents outside of Massachusetts. By 2012, their products available in 48 states and the District of Colombia. Today, the company has more than 187 billion dollars of life insurance in force and they hold more than 3.5 billion U.S.D. in assets.
According to AM Best, SBLI is financially stable with an 'excellent ability to meet its ongoing insurance obligations.' Most notably, the company has a proven track record of paying death claims and has never failed to pay a valid claim in over 117 years of operation.
Term Life Insurance Without an Interview, Exam, or Agent
SBLI specializes with term life insurance that provides guaranteed coverage and level rates for a fixed number of years. Term life insurance does not require any investing and it does not build a cash value; it offers pure protection, which makes it more affordable than other forms of life insurance coverage.
Term life insurance is defined by two parameters: the length of the policy, or the “term,” and the policy’s death benefit, or “face amount”.
Term - This is the number of years that your policy’s rates and coverage are guaranteed not to change. Most companies offer 10, 15, 20, and 30-year terms. The longer the term, the more expensive your policy will be.
Face Amount - This is the amount of money that will be paid to your policy’s beneficiary when you pass away. A beneficiary can be a person, business, organization, trust, or a charity. Depending on your age, you may qualify for up to 20 times your annual gross income.
Term insurance is often purchased by families and businesses to:
- Protect a Mortgage
- Secure the Family Breadwinner’s Income
- Provide Income a Replacement to a Spouse
- Leave Money Behind
- Settle Final Expenses and Debts
- Fund a Child or Grandchild’s College Tuition
- Provide Collateral for a Small Business Loan
- Protect from the Loss of a Key-Employee
- Fund a Buy-Sell Agreement
- Maximize a Pension
- Settle a Divorce Decree
To learn more about converting your existing term life insurance policy into permanent coverage, please read our article, “Converting Your Term Life Insurance Into a Permanent Policy.”
Policy Benefits and Features
Here are some of the features and benefits that set the this policy apart from other no-exam term life insurance products and providers:
- Approval in 3 Minutes – After you complete your application, Quility will provide you with a decision in three minutes or less.
- No Medical Exam – Unlike most term life insurance policies, no medical exam is required for an approval.
- No Phone Interviews – The Quility Life Insurance company does not require their applicants to complete a phone interview.
- Adjustable Coverage Amounts – As little as $100,000 or as much as $1,000,000 with increments of $25,000.
- Conversion Options – Policy can be converted into whole life insurance before term expires or until age 70.
- Child Level Term Rider - Purchase life insurance for your children that can be converted to permanent coverage when they turn 25. Available to natural or legally adopted children under the age of 17, no exam needed.
- Accelerated Death Benefit – This “rider,” or free add-on, allows you to access your policy’s death benefit while you are still alive if diagnosed with a terminal illness.
- Annually Renewable - After your term expires, you can continue your coverage for an increased rate until the age of 85.
Are There Any Downsides to Quility?
The potential downside to buying life insurance online from Quility is that you may end up paying slightly more each month compared to completing an exam, especially if you have some health issues. Skip to here to view actual monthly life insurance rates from Quility. However, for most the savings is minimal.
In addition, the most term coverage you can qualify for is $1,000,000. If you need more than $1,000,000 of insurance, you’ll need to buy your policy from another company that may require an exam, or you can buy multiple life insurance polices from more than one company, which isn’t as convenient or as easy to manage as one policy.
Lastly, if you're over the age of 65, this policy is no longer available. There may be other carriers willing to offer you life insurance without completing a medical exam though. If any of these situations apply to you, its best to call us at 855-247-9555 to speak with one of our experts.
How to Purchase Life Insurance Online
Purchasing an insurance policy from Quility only takes a few minutes, and it is as easy as filling out an application online. However, you must meet some criteria to to qualify for a no-exam term life insurance policy from them. We’ve listed their residency, health, and age requirements below.
Residency
As of September 2024, Quility's term insurance products are only available to legal U.S. residents of every state except Montana and New York.
Unfortunately, if you reside in Montana or New York, Quility's life insurance products are not available to you, but we may be able to offer you a no-exam life insurance policy from another highly-rated company. Please call us to speak with a licensed agent who can help. Toll-Free 855-247-9555.Health & Lifestyle
No-exam term life insurance is typically reserved for applicants that are in average or better health for their age group. Thankfully, these policies are also available to individuals with sub-standard health issues including well-controlled diabetes, severe obesity, and even some forms of cancer.
However there are some health issues that would prevent you from being approved for coverage. These include:
- Having a BMI greater than 42 or less than 17
- A weight loss of more than 10 pounds within the last 12 months
- Any treatment or diagnosis of bipolar depression, schizophrenia, suicidal ideation or attempts within the last five years
- A diagnosis of Chronic kidney disease, heart disease, vascular disease, liver cirrhosis, HIV/AIDS, Emphysema or COPD within the last five years
- Hospitalizations within the last twelve months that require ongoing care
If you have ever been diagnosed or treated for any of these conditions, do not apply with Quility, because your application will be declined. However, there may be other options may be available. Please call us at 855-247-9555 to speak with a high-risk expert who can help.
Age
As we get older, our options for longer term policies become more limited. After the age of 65, no-exam term life insurance is no longer offered by Quility. Here are the age limits for each the term products they offer:
- Aged 18 to 50: 10, 15, 20, and 30-year terms available
- Aged 51 to 60: 10, 15, and 20-year terms available
- Aged 61 to 65: 10 and 15-year terms available
How Does the Insurance Company Verify My Answers?
Anytime you apply for no-exam term life insurance, the insurer you apply with will electronically verify your application and medical records before approving your policy. Insurance companies rely on the MIB, or medical information bureau, which stores some of your medical history and the results of other life and health insurance applications.
No-exam term life insurance providers can also verify your prescription history for the last 5 years, attending physician statements, criminal records, and your motor vehicle report electronically in just a matter of seconds to verify your insurability.
During the “term” of your policy, your rates cannot increase, and your coverage cannot decrease, regardless of any changes to your health. However, the longer your term is, the more expensive your policy will be. Continue to the next section for some sample monthly rates.Life Insurance Quotes by Age and Gender
Below we’ve shared some sample rates from Quility to help you estimate the cost of your policy. The monthly rates we’ve displayed are for a 20-term, but depending on your age, other term lengths may also be available.
Monthly Rates for A Non-Smoking Male in Excellent Health – 20 Year Term
| Age | $25,000 | $50,000 | $100,000 | $250,000 | $500,000 |
| 30 | $9.00 | $12.00 | $19.00 | $38.00 | $70.00 |
| 40 | $11.00 | $16.00 | $27.00 | $59.00 | $112.00 |
| 45 | $14.00 | $21.00 | $37.00 | $84.00 | $163.00 |
| 50 | $21.00 | $45.00 | $67.00 | $158.00 | $311.00 |
| 55 | $30.00 | $55.00 | $105.00 | $254.00 | $501.00 |
| 60 | $47.00 | $89.00 | $172.00 | $421.00 | $836.00 |
| 65 | $73.00 | $140.00 | $274.00 | $677.00 | $1,349.00 |
*Displayed monthly rates are provided for illustrative purposes only and are accurate as of 08/01/2018.
Monthly Rates for A Non-Smoking Female in Excellent Health – 20 Year Term
| Age | $25,000 | $50,000 | $100,000 | $250,000 | $500,000 |
| 30 | $9.00 | $11.00 | $17.00 | $35.00 | $64.00 |
| 40 | $9.00 | $13.00 | $20.00 | $43.00 | $80.00 |
| 45 | $12.00 | $18.00 | $30.00 | $65.00 | $125.00 |
| 50 | $17.00 | $28.00 | $51.00 | $119.00 | $233.00 |
| 55 | $22.00 | $39.00 | $73.00 | $174.00 | $341.00 |
| 60 | $33.00 | $61.00 | $115.00 | $280.00 | $554.00 |
| 65 | $50.00 | $95.00 | $184.00 | $450.00 | $895.00 |
*Displayed monthly rates are provided for illustrative purposes only and are accurate as of 08/01/2018.
For an accurate rate based on your health an age, please enter your information on the application form located on the top right of the page. If you’re not ready to apply or if you still have questions, you can also call us to speak with a licensed agent. Toll-Free: 855-247-9555
What Should I Expect After I Submit my Application?
When you apply for life insurance from Quility, the entire process is completed online, and every part of the application process is automatic. After you complete your application and click “submit”, you will receive a "yes" or "no" answer within 3 minutes.If your policy is approved, your bank account will be drafted for the first premium and your coverage will start immediately. A copy of your policy will also be sent to your email address.
If for some reason your application is declined, one of our experts will follow up with you to determine your best options for securing coverage from another provider. Our independent agency represents 63 top-rated life insurance companies.
How Do I Apply?
To apply for life insurance for coverage and receive a decision in less than 20 minutes, please fill out the form on the top right of this page. The application will take you a few minutes to fill out and it will ask you a few questions about your health and lifestyle. You’ll also need to provide some personal information including your beneficiary, telephone number, and address.
If you are in good health, and you can honestly answer “no” to all the health questions in this article, your life insurance application should be approved in less than three minutes. You'll also need to provide your banking information to draft a payment so your coverage can begin.
If you still have questions, or if you would like to learn more about your options for affordable life insurance, please give us a call. We work with 63 top-rated life insurance companies to make sure our clients are always matched with the best company for their needs.
You can also request a free instant quote online below to compare rates and coverage options from dozens of highly-rated life insurance providers in less than a minute. Toll-Free: 855-247-9555.
Written by:
Clifford Pendell
Managing Partner and Co-founder
Cliff is a licensed life insurance agent and one of the owners of JRC Insurance Group. He has helped thousands of families of businesses with their life insurance needs since 2012 and specializes with applicants who are less than perfect health. In his spare time he enjoys spending time with family, traveling, and the great outdoors.
Ask Our Experts
Leave your question below and one of our insurance agents will give you a detailed answer.