The cheapest type of life insurance policy without any health exam required is term life insurance.

Term life is the cheapest type of life insurance policy because it provides temporary coverage lasting for a period of up to thirty years.

You may choose a "Term" of coverage or your policy from 10, 15, 20, 25 or 30 years.

The shorter your life insurance policy "term", the lower your annual cost of life insurance protection.

In addition, the lower your amount of life insurance, the lower your annual premiums.

Several risk factors will impact your cost of insurance, including your age, gender, health, lifestyle, tobacco use, driving record and occupation, among others.

Here's how to find the cheapest life insurance without a medical exam.