Best Instant Approval Term Life Insurance Companies 2024

Instant approval life insurance allows applicants to purchase a term life policy within 20 minutes or sooner without needing to go through the traditional life insurance underwriting process. Instant approval also known as instant decision and instant issue life insurance is for those in average to excellent health and are between the ages of 18-60 years old. Below you will see who are the best instant approval life insurance companies, which companies have the best rates in the county, which companies offer the best policy options and which companies have the best ratings.

Who Is Eligible for Instant Approval Life Insurance?

• Ages 18-60 years old
• In average to excellent health (no major health issues)
  
• No recent bankruptcies
• Not recently declined or rated 
• Not in New York

Best Instant Approval (Instant Issue, Instant Decision) Term Life Insurance Companies 2024

1. Symetra Life Insurance Company
2. Brighthouse Financial
3. Savings Bank Life Insurance
4. Banner Life 
5. Ethos 
6. Ladder Life
7. AAA Life

Symetra Life Insurance Instant Decision Life Insurance Specs

• Product name: SwiftTerm
• Applicants 20-60 years old are eligible
• $100k to $3 million instant issue coverage available 
• 10, 15, 20 or 30 year level term lengths
• A (Excellent) rated by A.M. Best
• Health classes: Super Preferred, Preferred, Standard, Preferred Nicotine, Standard Nicotine and Table Rates
• Accelerated death benefit and conversion option included at no cost
• Rates: $1 million 20-year level term instant issue $48 month (for 40-year old male in excellent health)

Brighthouse Financial Instant Issue Life Insurance Specs

• Product name: SimplySelect
• Applicants 25-50 years old are eligible
• $100k to $3 million instant issue coverage available 
• 10, 20 or 30 year level term lengths
• A (Excellent) rated by A.M. Best
• Health classes: Elite, Preferred, Standard
• Accelerated death benefit and conversion option included at no cost
• Rates: $1 million 20-year level term instant issue $48 month (for 40-year old male in excellent health)

Banner Life Instant Decision Life Insurance Specs

• Product name: OPTerm
• Applicants 20-60 years old are eligible
• $100k to $2 million instant issue coverage available 
• 10, 15, 20, 25, 30, 35 or 30 year level term lengths
• A+ (Superior) rated by A.M. Best
• Health classes: Preferred Plus, Preferred, Standard Plus, Standard, Preferred Nicotine, Standard Nicotine 
  
• Accelerated death benefit and conversion option included at no cost
• Rates: $1 million 20-year level term instant issue $52 month (for 40-year old male in excellent health)

Savings Bank Life Insurance (SBLI) Life Instant Decision Life Insurance Specs

• Product name: Level Term
  
• Applicants 18-55 years old are eligible
• $100k to $1 million instant issue coverage available 
• 10, 15, 20 year level term lengths
• A (Excellent) rated by A.M. Best
• Health classes: Preferred Plus, Preferred, Standard, Preferred Nicotine, Standard Nicotine 
  
• Accelerated death benefit and conversion option included at no cost
• Rates: $1 million 20-year level term instant issue $55 month (for 40-year old male in excellent health)

Ethos Instant Decision Life Insurance Specs

• Product name: Ethos Term
  
• Applicants 20-60 years old are eligible
• $100k to $2 million instant issue coverage available 
• 10, 15, 20 and 30 year level term lengths
• A+ (Superior) rated by A.M. Best (Banner Life)
  
• Health classes: Preferred Plus, Preferred, Standard, Preferred Nicotine, Standard Nicotine 
  
• No accelerated death benefit and conversion option
  
• Rates: $1 million 20-year level term instant issue $60 month (for 40-year old male in excellent health)

Ladder Life Instant Decision Life Insurance Specs

• Applicants 20-60 years old are eligible
• $100k to $3 million instant issue coverage available 
• 10, 15, 20, 25 and 30 year level term lengths
• A (Excellent) or better rated by A.M. Best
  
• No accelerated death benefit and conversion option
  
• Rates: $1 million 20-year level term instant issue $59 month (for 40-year old male in excellent health)

AAA Life Instant Decision Life Insurance Specs

• Product name: ExpressTerm
  
• Applicants 20-75 years old are eligible
• $25k to $500k instant issue coverage available 
• 10, 15, 20 and 30 year level term lengths
• A (Excellent) rated by A.M. Best
  
• Accelerated death benefit and conversion option included at no cost
  
• Rates: $500k 20-year level term instant issue $71 month (for 40-year old male in excellent health)

The best instant decision term life insurance companies listed above; Symetra Life, Brighthouse Financial, SBLI, Ethos, Ladder Life and AAA Life allow applicants the apply for a term life insurance policy instantly without a medical exam, and if approved coverage will begin immediately without a waiting period for the full policy amount.