Greg, here's an example of what I was talking about
that showed up in today's email unsolicited. I am not endorsing this particular insurance company as many offer something similar http://www.lifebymutual.com/?cc=U76&r=3
Graded Benefit Life Insurance from United of Omaha Life Insurance Company "United of Omaha" provides:
Guaranteed acceptance for ages 45-85No physical exams or health questions to answer
Affordable rates that never increase – Ever!
Benefits that are never reduced because of age or health
Of course the actuaries build anti-selection into the rates, and it's only return of premium first couple of years and whole life rather than term, but you can get coverage in small increments form various carriers.