The cost of life insurance with no medical exam will vary based on the type of policy you choose. Whole life insurance without a medical exam, will often have higher premiums than a term life insurance policy with no medical exam that cannot accrue cash value. The cost of no exam life insurance also depends on the amount of coverage you get. The best way to find out how much you’ll pay for a no medical exam life insurance policy is to get a quote or talk to an agent.