Instant Issue Term Life Insurance
Are you in a situation where you need life insurance but do not have the luxury of time to get one? Perhaps you are in the middle of a divorce decree and you need life insurance with your children as beneficiaries or you are securing a business loan where a life insurance policy is needed for approval. If you are caught in any of these circumstances, an Instant Issue Life Insurance can come to your rescue.
Instant Issue Life Insurance does not require a medical examination and submission of your detailed background history. Underwriting approval is also quick. So, if you want to avail of the coverage you want without waiting for weeks to get approved, Instant Issue Term Life Insurance is for you.
Pros
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Does not require a medical examination.
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Approval of coverage in a few hours, sometimes in minutes.
Cons
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More expensive than standard term life insurance policy (fully underwritten)
Cost of Life Insurance without Medical Exam
Non-medical life insurance or life insurance without medical exam is ideal for individuals 18 to 60 years old and in good health. It is important that you provide a true and accurate medical history otherwise you stand the risk of having your policy canceled.
If the insurance company finds out and/or when you die during the 2-year contestability period (starting from the of the policy) that you did not provide true and accurate answers regarding your medical history, your policy and any claims will be canceled and denied.
In some cases, premiums for instant issue life insurance will be less expensive than a fully-written life insurance policy, especially for young and healthy individuals. Coverage amounts for instant life insurance range from 25,000 to $500,000 with 10, 15, and 20-year term lengths.
Comparison Chart
* Based on 37-year old male who is a non-smoker, lives in California and for $100,000 coverage
Process of Getting Life Insurance
The process of getting instant issue life insurance is easy and quick.
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Get a quote.
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Answer a few questions
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Get a quote on your chosen coverage
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Begin the application process
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Answer a few more questions about your health
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Finalize your policy
You can get your instant issue life insurance online with the help of our friendly and helpful insurance agents. In a matter of minutes you will know if you are qualified and the final price of your life insurance policy.
Unlike a traditional life policy which can take weeks to process your coverage, the process of getting an instant issue life insurance can be completed in minutes. You can then get your instant issue term life insurance coverage on the same day.
An instant issue life insurance is ideal for individuals searching for affordable insurance coverage with no required medical examination and with a fast approval time.