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What Is Instant and Guaranteed Issue Life Insurance
Are you looking to get quick term life insurance without the hassle of a medical exam and long detailed background form, combined with the weeks of waiting for underwriting to approve you? Instant and guaranteed issue life insurance with no waiting period is exactly what you need to get the coverage you need now, without dealing with the headaches.
How quick is Instant and guaranteed issue life insurance?
Instant and guaranteed issue life insurance is perfect for people who need it immediately. Most of the time, purchasing life insurance is time consuming and can take anywhere from 4 – 8 weeks. Most policies and most insurance carriers require an applicant to fill out a detailed background and medical form. But not with guaranteed issue life insurance. Situations in life happen fast sometimes and waiting for an underwriting decision may not be a luxury you can afford. This is where it could be perfect. It could be a business loan requiring a life insurance policy at the last minute to secure the finalization. Or a divorced parent headed to a custody hearing may realize at the last moment that he or she needs to provide proof of life insurance showing the child or children as beneficiaries on their policy. Or, someone planning a trip may realize that their old policy has lapsed and they are in need of new coverage immediately. In situations like these, it could be the answer you are looking for.
With instant and guaranteed issue life insurance, the process is quick, and can be a God-send. Answer a few short questions above and get a quote in seconds on your coverage. If the applicant is satisfied with their preliminary quote, he or she can proceed to answering a few more questions about their health and occupation before receiving a final quote. In as quick as a few minutes, you will know if you qualify for it and what the final price of the life insurance policy will be. Compared to traditional life insurance policies that can take weeks, you now have same-day Instant and guaranteed issue life insurance coverage within minutes. If the applicant decides to accept the policy, he or she can provide their credit card information and print out a policy certificate directly from their home computer. This is one of the easiest policies to apply for. The whole process can be completed in just a few minutes, and you can get the coverage you need.
Who is instant and guaranteed issue life insurance for?
Instant and guaranteed issue life insurance is available for people who are 18 to 60 years old and are in good health. It is often referred to as non-medical life insurance. This does not mean that you don’t need to provide your medical history — you always need to provide your medical history. However, you can skip the inconvenience of a paramed exam and the discomfort of a blood draw. Some people hate to have their blood drawn. Either they have a fear of needles, have veins that are difficult to access, or have had bad experiences in the past. In any case, they would prefer not to submit to a blood draw.
It’s a misconception to assume that non-medical, or instant issue, life insurance is only available for low amounts of coverage. While coverage begins at $25,000, it is offered for up to $500,000, and varying amounts inbetween. It’s also a myth that non-medical life insurance is more expensive than traditionally fully-underwritten policies — or ones for which a medical exam is required. For young healthy individuals, this is not the case and the simpler instant issue policy might actually be cheaper than a fully underwritten policy.
Non-medical instant and guaranteed issue life insurance is generally available for 10, 15 or 20 year terms and applicants will lock in their rate for the entire time of the policy. While there is no medical exam involved, it is important to be honest about your medical history. In the event you were to die and/or the company discovers the answers provided are not accurate during the contestability period (typically 2 years from the start of the policy), the policy can be cancelled and any claim denied. Honesty in life insurance is always the best policy.
Instant and guaranteed issue
life insurance can be the answer to your prayers!
One of the easiest policies to obtain, instant and guaranteed issue life insurance (non-medical) can be the solution needed to obtain the coverage in the shortest time possible with no medical exam. Instant and guaranteed issue life insurance is the easiest insurance to obtain an it’s perfect for individuals who need to obtain a policy in a hurry or those who do not want to do a paramed exam. Depending on your individual circumstances, instant and guaranteed issue life insurance can be very low cost and can be completed in the privacy of your home, providing you with excellent coverage at the touch of a button.