Although you can purchase guaranteed
issue life insurance policies quickly, the small payout they provide may not work for you.
Not exact matches
Their
life insurance is not
issued as
quickly as 5Star, but it is not as long as a typical
life insurance policy.
This means that coverage can be
issued much more
quickly — often within days as versus weeks, or longer, with traditional
life insurance policies.
The pricing of no - physical or non-medically underwritten
life insurance is not significantly higher and if you can get your
policy issued quickly and without having a paramed draw blood and do a physical then we recommend going that route.
Because there are no medical requirements to review with a no medical exam
life insurance policy, these plans can often be
issued very
quickly.
If you have a health condition that prevents you from purchasing another type of
life insurance policy or you need to get coverage
quickly, a guaranteed
issue policy might be right for you.
This, in turn, can allow the coverage to be approved and
issued relatively
quickly — in turn, providing coverage and peace of mind within just days, as versus weeks or months with a traditionally underwritten
life insurance policy.
A quicker
issue no medical term
policy can be
issued quickly vs a higher premium paramed required term
life insurance policy.
With guaranteed
issue you can focus on getting your
policy quickly and without the headache of a traditional
life insurance application.
Once the writer brushes on the independent
life insurance agent idea he
quickly moves to guaranteed
issue life insurance and explains how a person might have to buy several
policies since guaranteed
issue only comes in small face amounts.
A company can
quickly underwrite a simplified
issue life insurance policy without a medical exam, blood test, urine sample or other medical scrutiny; just be prepared for higher premiums.
Now it is possible to purchase several different guaranteed
issue life insurance policies so that your total amount of
insurance coverage can be greater than $ 25,000 in coverage, but as you'll see this can become pretty expensive, pretty
quickly.
For applicants who are willing to pay a little more and want their
policy issued quickly, no exam
life insurance is the best way to go.