Simplified Issue Life Insurance
The “No Needles, No Hassle” Path to Coverage
My friend, a 32-year-old freelance writer, needed life insurance but has a major fear of needles and medical exams. The thought of a blood draw made her put it off for years. I told her about simplified issue life insurance. She went online, answered about 15 health questions, and gave the company permission to check her prescription history electronically. There was no medical exam, no nurse visit. Three days later, she was approved for a $400,000, 20-year term policy. For her, the convenience and avoidance of a medical exam were well worth the slightly higher premium.
Hate Needles? How to Get Life Insurance Without a Medical Exam
The Modern Way to Get Covered Fast
My younger brother needed life insurance for a small business loan. He’s healthy but terrified of needles and didn’t have time for a full medical exam. He applied for a simplified issue policy. The entire application was a series of “yes/no” health questions online. The insurer then did a quick electronic check of his prescription and driving records. Because he was in good health, he got an email two days later approving him for a $300,000 policy. For people who want to avoid the hassle and anxiety of a medical exam, simplified issue is the perfect solution.
Simplified Issue: Get Life Insurance Coverage in Days, Not Weeks
When You Need Protection, and You Need It Now
My friends were closing on their first home in three weeks, and the lender suggested they get life insurance. A traditional, fully underwritten policy can take 4-6 weeks to approve. They didn’t have that much time. They opted for simplified issue term life insurance. They applied online on a Monday, answered health questions, and by Friday, they both had active $500,000 policies. The fast approval process allowed them to secure protection for their mortgage before their closing date. When speed is your top priority, simplified issue is the answer.
Is Simplified Issue Life Insurance More Expensive? Usually.
The Price You Pay for Convenience
I compared two quotes for myself for a $500,000, 20-year term policy. The fully underwritten policy, which required a medical exam, was quoted at $28 a month. The simplified issue policy, with no exam, was quoted at $40 a month. Why the difference? With simplified issue, the insurance company has less information about your health, so they take on more risk. They price that uncertainty into the premium. You are paying a premium for the convenience and speed of skipping the medical exam. For some, that extra $12 a month is well worth it.
Who Qualifies for Simplified Issue Life Insurance? (Generally Healthy)
Not a Free Pass for Serious Health Conditions
My coworker assumed “no medical exam” meant anyone could get approved. He applied for a simplified issue policy but was declined. While there’s no exam, you still have to answer a series of health questions honestly. He had a significant health history that he disclosed on the application, which was a “knockout” condition for that insurer. Simplified issue is designed for people who are in generally good health but want to skip the hassle of an exam. It is not a guaranteed path to coverage for individuals with major health impairments.
The Trade-Off: Convenience vs. Cost in Simplified Issue
Are You Willing to Pay More to Save Time?
Think of it like shipping a package. A fully underwritten policy is like ground shipping—it’s the cheapest option, but it takes a few weeks to get there. A simplified issue policy is like paying for two-day air. You pay a higher price, but your package (your life insurance coverage) arrives much faster and with less hassle. There’s no right or wrong answer. It’s a personal decision: is the convenience of skipping the exam and getting coverage in days worth the higher long-term cost? For many busy professionals, the answer is yes.
How Much Coverage Can You Get with Simplified Issue? (Lower Limits)
Good for Most Needs, But Not for High-Net-Worth Protection
Simplified issue policies are great, but they have their limits. Because the insurer is taking on more risk without a full medical exam, they limit their exposure. Most companies cap their simplified issue coverage at around $500,000, though a few are starting to offer up to $1 million. If your financial needs require a multi-million dollar policy, you will almost certainly need to go through the full underwriting process with a medical exam. Simplified issue is designed to cover the needs of the average family, not for complex estate planning.
Understanding the Health Questions on a Simplified Issue Application
The “Yes/No” Gateway to Coverage
The heart of a simplified issue application is the health questionnaire. It’s not an essay; it’s a series of direct “yes/no” questions. They typically ask things like: In the last 5 years, have you been treated for cancer, heart disease, or stroke? Do you have diabetes with complications? Have you ever been diagnosed with HIV/AIDS? Have you been convicted of a felony or had your driver’s license suspended? Answering “yes” to one of these knockout questions will likely lead to a decline, while a clean slate of “no” answers will speed you toward an approval.
Simplified Issue vs. Guaranteed Issue: What’s the Difference?
A Health Questionnaire vs. No Questions at All
People often confuse these two “no exam” options. Simplified Issue has no medical exam, but it does have health questions. It’s for generally healthy people. If you’re approved, your full death benefit is effective from day one. Guaranteed Issue has no medical exam and no health questions. You cannot be turned down. It’s for people in poor health. The trade-off is that it has a 2-year “graded death benefit,” meaning if you die from illness in the first two years, your beneficiary only gets a refund of premiums. Simplified issue is much better if you can qualify.
When Does Simplified Issue Make Sense? (Need Coverage Fast)
The Perfect Solution for Life’s Deadlines
Simplified issue is the perfect tool when you’re facing a deadline. My friend and his partner were finalizing the adoption of their child, and the agency required them to have life insurance in place. They needed coverage, and they needed it fast. A six-week underwriting process wasn’t going to work. They both applied for simplified issue policies and were approved within the week, satisfying the agency’s requirement and ensuring their new child was protected. It’s also ideal for securing business loans or finalizing a divorce decree that requires life insurance.
Can You Get Term or Permanent Life Insurance via Simplified Issue? Yes.
The Underwriting Method Applies to Different Products
“Simplified issue” isn’t a type of insurance; it’s a method of underwriting. You can find both term and permanent life insurance policies that use this faster, no-exam process. My friend who feared needles bought a 20-year simplified issue term policy. My other colleague, who wanted a smaller permanent policy for final expenses, bought a simplified issue whole life policy. The underwriting method is just the path you take to get the final product. Both term and permanent options are widely available.
Comparing Simplified Issue Quotes from Different Insurers
Don’t Assume All “No-Exam” Policies Are the Same
When I was shopping for a simplified issue policy, I got quotes from three different companies. Company A was the cheapest but only offered up to $250,000 in coverage. Company B was more expensive but offered up to $500,000 and had an option to add a disability rider. Company C had the fastest online application. It’s important to compare not just the price, but also the maximum coverage amount, the available riders, and the ease of the application process. Each company has its own strengths and weaknesses in the simplified issue market.
The MIB (Medical Information Bureau) Check in Simplified Issue
The Insurance Industry’s Shared Database
Even though you aren’t taking a medical exam, the insurance company isn’t working completely in the dark. When you apply for a simplified issue policy, you give them permission to check your file with the MIB, or Medical Information Bureau. This is a secure database shared by insurance companies. It contains information from your previous insurance applications. If you applied for insurance five years ago and disclosed a certain medical condition, your MIB file will have a record of it. It’s one of the data sources they use to verify your application answers.
Prescription Database Checks for Simplified Issue Policies
The Story Your Medications Tell
This is the other key data source for simplified issue underwriting. When you apply, you authorize the insurer to run a check on your prescription history. This report shows them what medications you have been prescribed over the last several years. If you answered “no” to the question about heart disease, but your prescription history shows you’ve been taking medication for high cholesterol and blood pressure, it raises a red flag. This electronic check is a fast and powerful way for insurers to verify the health information you provide on the application.
Can You Be Declined for Simplified Issue Life Insurance? Yes.
It’s Simplified, Not Guaranteed
It’s a common misconception that “no exam” means “guaranteed approval.” This is not the case for simplified issue. You can be declined for several reasons. You might answer “yes” to one of the knockout health questions on the application. The insurer might find something concerning in your MIB file or your prescription history that contradicts your answers. Or, they might find a high-risk activity on your driving record. It’s easier and faster to get than fully underwritten, but it is still a risk assessment process, and a decline is possible.
Is the Coverage from Simplified Issue Reliable? Yes.
It’s a Real Policy from a Real Insurance Company
Some people worry that because it’s so easy to get, simplified issue life insurance is somehow less “real” or reliable than a traditional policy. This is not true. A simplified issue policy is a legally binding contract from a licensed and regulated life insurance company. As long as you were truthful on your application and you pay your premiums, the company is obligated to pay the full death benefit. The underwriting method is different, but the final contract and the promise it represents are just as strong.
Simplified Issue for People with Minor Health Conditions
Finding a Home for the “Not Perfect, But Pretty Good”
My friend has well-controlled anxiety and takes medication for it. She worried this would make it hard to get life insurance. For a fully underwritten policy, it might have required extra paperwork from her doctor. She applied for a simplified issue policy instead. Because her condition was minor and well-managed, it was not one of the “knockout” questions. She was approved at a standard rate without any extra hassle. Simplified issue can be a great option for people with minor, stable health conditions who want to avoid a complicated underwriting process.
How Simplified Issue Underwriting Works (No Fluids, Just Data)
The Algorithmic Approach to Risk
Traditional underwriting involves a deep dive into your specific health with blood and urine samples. Simplified issue underwriting is a data-driven process. The insurer takes your application answers and runs them through an algorithm. That algorithm then pulls in external data, primarily from the MIB and your prescription history. It weighs all these data points to create a risk score. If your score is below a certain threshold, you are approved almost instantly. It’s a faster, less invasive way to assess risk.
The Rise of Algorithmic Underwriting in Simplified Issue
Using Big Data to Make Faster Decisions
The reason simplified issue has become so popular is technology. Insurers can now use powerful algorithms to access and analyze huge amounts of data in seconds. Ten years ago, checking your prescription history was a slow, manual process. Today, it can be done instantly. This “algorithmic underwriting” allows insurers to make a confident decision about your risk profile without needing a human to review the file or a nurse to take your blood pressure. It’s what makes the “days, not weeks” approval timeline possible.
Simplified Issue Life Insurance for Young Adults
A Quick and Easy Way to Get Started
When I talk to my 25-year-old friends about life insurance, they often tune out, thinking it’s complicated. I tell them about simplified issue. I explain that they can likely get a $250,000, 20-year term policy for less than $20 a month, and the whole application takes 15 minutes online with no medical exam. This resonates with a generation that values speed and digital convenience. It’s a low-friction way for young, healthy adults to get a foundational layer of protection in place easily.
Buying Simplified Issue Life Insurance Online: What to Watch For
Convenience is Great, But Do Your Homework
The ability to buy simplified issue online is fantastic, but be careful. Don’t just buy from the first company that pops up in a Google search. Make sure you are dealing with either a reputable, well-known insurance carrier directly or a licensed online brokerage that can show you quotes from multiple companies. Read customer reviews. Check the company’s financial strength rating from A.M. Best. The convenience of buying online is great, but it doesn’t eliminate the need for basic due diligence.
Is Simplified Issue Available for All Ages? (Usually Up to a Certain Age)
A Product Geared Towards the Younger Market
While some companies offer simplified issue whole life policies for seniors, the term life products are typically aimed at a younger demographic. Many insurers have an age limit for their simplified issue term policies, often capping new applications at age 60 or 65. Because the underwriting is less detailed, they prefer to offer these policies to younger applicants who are statistically less likely to have major health issues. If you are over 65 and need a large term policy, you will likely need to go through full underwriting.
Does Simplified Issue Have Waiting Periods Like Guaranteed Issue? No.
A Key Advantage: Immediate Full Coverage
This is a critical distinction. Guaranteed issue policies, which have no health questions, come with a two-year graded death benefit (a waiting period). Simplified issue policies do not. Because you have answered health questions and been approved based on your good health, the coverage is effective in full from day one. If you buy a $250,000 simplified issue policy on Monday and pass away in an accident on Friday, it will pay the full $250,000. There is no waiting period for the full benefit to kick in.
Using Simplified Issue to Cover Smaller Debts or Final Expenses
A Quick Solution for a Specific Need
My friend cosigned a $30,000 private student loan for her brother. She wanted a small life insurance policy on him just to cover that specific debt in case something happened to him. A simplified issue policy was the perfect tool. The application was quick, the underwriting was fast, and he was able to get a $50,000, 10-year term policy to cover the loan without any hassle. It’s an ideal solution for covering smaller, specific obligations like personal loans, car loans, or credit card debt.
Why Wouldn’t Everyone Choose Simplified Issue? (Cost & Coverage Limits)
The Two Main Drawbacks
If simplified issue is so fast and easy, why does anyone still take a medical exam? There are two main reasons. First, cost. A fully underwritten policy is almost always cheaper, and those savings add up over 20 or 30 years. Second, coverage limits. If you need $1 million, $2 million, or more in life insurance protection, simplified issue is likely not an option. You have to go through full underwriting to get higher coverage amounts. For people who want the lowest possible price or need a large amount of insurance, the medical exam is a necessary step.
My Experience Applying for Simplified Issue Life Insurance
From Application to Approval in 48 Hours
I needed to get a new policy recently and decided to test the simplified issue process. I went to an online brokerage, filled out the application in about 15 minutes, and answered the health questions. I gave my electronic consent for the data checks. I submitted it on a Tuesday morning. On Thursday afternoon, I got an email with the subject line: “Your Life Insurance Policy has been Approved.” It was incredibly efficient. The policy documents were available in my online portal immediately. The experience was seamless and lived up to its promise of speed and simplicity.
Can You Add Riders to Simplified Issue Policies? Sometimes.
Fewer Options Than Traditional Policies
Riders are extra benefits you can add to your life insurance policy. With a fully underwritten policy, you often have a long menu of options, like a waiver of premium for disability or a long-term care rider. Simplified issue policies tend to have fewer available riders. Many will offer an accelerated death benefit for terminal illness (as this is often standard), but more complex riders are less common. The focus of these products is on providing simple, core death benefit protection quickly, not on offering a wide array of customizable features.
Simplified Issue vs. Fully Underwritten: A Cost Comparison Example
The Real-World Price of Convenience
Let’s look at a real example for a healthy 35-year-old male seeking a $500,000, 20-year term policy. With full underwriting and a medical exam, he might qualify for a “Preferred Plus” rate of $25 per month. That’s a total cost of $6,000 over 20 years. For a simplified issue policy with no exam, he might be approved at a “Standard” rate of $45 per month. That’s a total cost of $10,800. The convenience of skipping the exam costs him an extra $4,800 over the life of the policy.
What if You Have a Dangerous Hobby? (Simplified Issue Might Ask)
The Questions Go Beyond Just Health
Simplified issue applications don’t just ask about your health; they also ask about your lifestyle. A common question is about hazardous activities. Have you engaged in scuba diving, skydiving, rock climbing, or auto racing in the last two years? Answering “yes” to this question may not lead to an automatic decline, but it could result in a higher premium or an exclusion for death resulting from that specific hobby. They are trying to get a complete picture of your risk profile, which includes both your health and your activities.
How Accurate Are the Health Questions in Simplified Issue?
They Are a Blunt but Effective Tool
The health questions on a simplified issue application are a blunt instrument. They can’t detect a nuanced health issue. But they are very effective at their main job: quickly sorting people into broad categories of risk. The questions are designed to be “knockout” questions. They focus on the major diseases and conditions that are responsible for the vast majority of early mortality. They may not be as precise as a blood test, but for the insurer, they are accurate enough to confidently issue policies up to a certain amount.
Can You Convert a Simplified Issue Term Policy?
Yes, This Important Feature Is Usually Included
Most simplified issue term policies, just like their fully underwritten counterparts, come with a conversion privilege. This means that at any point during the term (or before a certain age, like 65), you have the right to convert your term policy into a permanent cash value policy with the same insurance company, without having to provide any new evidence of insurability. This is a crucial feature that allows you to extend your coverage for life, even if your health has changed and you would no longer be able to qualify for a new policy.
Simplified Issue Life Insurance for Busy Professionals
The Time-Saving Solution
For busy professionals like doctors, lawyers, or consultants, time is their most valuable asset. The idea of coordinating a medical exam, which can take an hour or more out of a busy workday, is a major barrier to getting life insurance. Simplified issue is the perfect solution. The ability to apply online from their desk in 15 minutes and get a decision in a couple of days, with no interruption to their schedule, makes it a highly attractive option. For them, the slightly higher cost is a small price to pay for the immense time savings.
The Future of Life Insurance Underwriting: Is Simplified Issue the Norm?
The Trend is Clear: Faster and Less Invasive
The life insurance industry is moving rapidly in the direction of simplified, data-driven underwriting. As algorithms get smarter and more data sources become available (with customer consent), the need for invasive medical exams for many applicants will diminish. While full underwriting will likely always exist for very large policies or complex health cases, it’s easy to see a future where a simplified issue-style process becomes the standard way that most people buy life insurance. The demand for speed and convenience is just too strong.
What Happens If You Misrepresent Health on Simplified Issue? (Contestability Period)
Honesty is the Only Policy
Life insurance policies have a “contestability period,” typically the first two years. If you die during this period, the insurance company has the right to investigate the information on your application. Let’s say you answered “no” to the cancer question, but you had, in fact, been treated for it a year ago. If you die and the insurer discovers this lie, they can deny the claim and refund the premiums. It is absolutely critical to be 100% truthful on your application. The electronic data checks will likely catch it anyway, but misrepresentation can void the policy when your family needs it most.
Getting Supplemental Coverage Quickly with Simplified Issue
An Easy Way to Top Up Your Existing Insurance
My friend has a $500,000 policy he bought years ago. He recently had another child and realized he needed a bit more coverage, but he didn’t want to go through the whole underwriting process again. He used a simplified issue policy to quickly add another $250,000 of coverage. He now has his original, fully underwritten policy and a new, smaller simplified issue policy. It was a fast and easy way for him to top up his protection to meet his family’s growing needs without a lot of hassle.
Is Simplified Issue Good for Mortgage Protection?
A Fast Way to Cover Your Biggest Debt
When you take out a mortgage, you suddenly have a massive new debt that your family would be responsible for if you passed away. Getting life insurance to cover the mortgage is a crucial step. Because this need is immediate, simplified issue is a great tool for mortgage protection. You can quickly get a term policy that matches the amount and the length of your mortgage (e.g., a $400,000, 30-year term policy), ensuring that if anything happens to you, your family has the tax-free funds to pay off the house.
Simplified Issue Whole Life vs. Final Expense Insurance
Often Two Names for the Same Product
This can be confusing, but often these are the same thing. Final expense insurance is a small whole life policy designed for seniors to cover burial costs. Because it’s a small policy, it almost always uses simplified issue underwriting. So, a “simplified issue whole life” policy marketed to a 65-year-old is effectively a final expense policy. The key is that “simplified issue” is the method of underwriting, while “whole life” or “final expense” is the type of product you are getting.
How Insurance Agents Can Help Navigate Simplified Issue Options
Finding the Right “No-Exam” Policy for You
A good independent insurance agent can be invaluable when shopping for a simplified issue policy. They know which companies have the highest coverage limits, which have the most lenient underwriting questions, and which are most competitive on price. For example, if you have a specific minor health condition, an agent might know that “Company A” is very strict about it, but “Company B” doesn’t even ask about it on their application. Their expertise can help you find the best possible home for your application, increasing your chances of approval at a good rate.
Does Simplified Issue Offer Competitive Rates for Healthy People? Maybe Not.
You Pay a Price for Being in the “Standard” Pool
If you are young, in excellent health, and don’t mind a medical exam, a simplified issue policy is probably not your most cost-effective option. With a medical exam, you could qualify for a “Preferred Plus” or “Super Preferred” health rating, which comes with the lowest possible premiums. Simplified issue policies often lump everyone who qualifies into a single “Standard” rate class. This means you, the healthy person, are subsidizing the slightly less healthy people in the same pool. You pay more to avoid the exam.
The Speed Advantage: Closing Gaps in Coverage Fast
Peace of Mind in 48 Hours
The single biggest advantage of simplified issue is speed. Imagine you just had a baby. You’re overwhelmed, and you realize you have no life insurance. The thought of waiting six weeks for a policy to be approved is stressful. With simplified issue, you can have a policy in place in a matter of days. This ability to quickly close a dangerous gap in your financial protection is incredibly powerful. It provides immediate peace of mind at a time when you feel most responsible for your new family’s future.
Simplified Issue for People with Anxiety About Medical Exams
Removing a Major Psychological Barrier
For many people, the thought of a medical exam—the needle, the blood pressure cuff, the “white coat syndrome”—is a significant source of anxiety. This anxiety is a major reason why many people procrastinate on getting the life insurance they need. Simplified issue removes this psychological barrier completely. By eliminating the need for an in-person exam, it makes the process of protecting one’s family much more approachable and less stressful for a huge segment of the population. It’s a more comfortable path to peace of mind.
Can You Get $1 Million+ Coverage with Simplified Issue? Unlikely.
Crossing the Million-Dollar Mark Usually Requires an Exam
While simplified issue coverage limits have been increasing, crossing the $1 million threshold is still very rare. Insurance companies are simply not willing to take on that much risk without the detailed information provided by a full medical exam and lab tests. If your income and financial needs justify a seven-figure life insurance policy, you should expect to go through the traditional, fully underwritten process. Simplified issue is designed for the mainstream market, not for high-net-worth protection needs.
Understanding the Rate Classes in Simplified Issue (Often Fewer Bands)
Simpler Pricing for a Simpler Process
In fully underwritten insurance, there can be a dozen or more different rate classes (e.g., Preferred Plus, Preferred, Standard Plus, etc.). In simplified issue, the pricing is usually much simpler. Many companies will have just one or two possible outcomes: a “Standard Non-Tobacco” rate or a “Standard Tobacco” rate. If you qualify, you get the standard rate. This simplifies the pricing, but it also means that very healthy people don’t get as much of a discount as they would in a fully underwritten process.
What if Your Health Improves After Buying Simplified Issue?
You Can Always Re-Apply for a Better Deal
My friend bought a simplified issue policy because he was a smoker. He paid higher, tobacco-user rates. Two years later, he successfully quit smoking. I told him that after he had been nicotine-free for a full year, he should apply for a new, fully underwritten policy. He did, took the medical exam, and qualified for much lower, non-smoker rates. He then cancelled his old, more expensive simplified issue policy. You are never locked in. If your health improves significantly, it’s always worth shopping the market again.
Simplified Issue Policies for Non-US Citizens? (Check Rules)
A More Complicated Path to Coverage
Getting life insurance for non-US citizens can be complex, and simplified issue is often more restrictive than fully underwritten policies. Many simplified issue carriers will only offer coverage to U.S. citizens or permanent residents (green card holders) who have resided in the U.S. for at least a couple of years. The underwriting is data-driven, and it can be difficult for insurers to access the necessary data for foreign nationals. If you are not a citizen or permanent resident, you will likely have to work with a specialized agent and go through full underwriting.
Is the Application Process Truly “Simple”?
Yes, Compared to the Alternative
For someone who has never applied for life insurance, the “simple” application might still seem a bit detailed. But compared to the traditional process, it is a huge simplification. A traditional application can be 20 pages long and is followed by scheduling a medical exam and then waiting weeks for a decision. A simplified issue application is typically a 15-minute online questionnaire, with no follow-up appointments. In the context of the insurance world, it is a massive leap forward in simplicity and user experience.
How Tech Enables Faster Simplified Issue Approvals
The Instantaneous Data Pull
The engine behind simplified issue is technology. When you click “submit” on your application and provide your consent, the insurer’s platform instantly sends out requests to multiple third-party data providers. It pulls your MIB report, your prescription history, and your motor vehicle record in a matter of seconds. An algorithm then analyzes this data against its pre-set rules. This is how a decision that used to take weeks of manual paperwork can now be made before you even close your web browser. It’s a purely tech-driven process.
Does Simplified Issue Show Up on Your Medical Records?
No, But It Does Create an MIB Record
Applying for a simplified issue policy does not get recorded in your official medical records with your doctor. However, the fact that you applied for insurance, and the information you provided, will be recorded in your MIB (Medical Information Bureau) file. The MIB is not part of your medical record; it is a separate database used only by life and health insurance companies for underwriting purposes. So, while your doctor won’t see it, other insurance companies will if you apply for coverage in the future.
The Role of Simplified Issue in Covering Short-Term Needs
A Quick Fix for a Temporary Problem
Simplified issue is a great tool for covering temporary, short-term needs. For example, my friend is taking out a 5-year loan to start a food truck. He needs a small, 5-year term life policy to act as collateral for the loan. Going through a full underwriting process for such a short-term need would be overkill. A simplified issue policy is the perfect solution. He can get an affordable 10-year term policy (the shortest usually available) in a matter of days to satisfy the lender, and then cancel it once the loan is paid off.
Weighing the Pros and Cons of Simplified Issue Life Insurance
The Balance Sheet of Convenience
The decision to choose simplified issue comes down to a simple balance sheet. On the “Pros” side, you have incredible speed, convenience, and the avoidance of a medical exam. It’s fast, easy, and stress-free. On the “Cons” side, you have a higher cost and lower maximum coverage limits. It’s more expensive, and you can’t get as much of it. For each person, the key is to weigh those columns. If convenience and speed are your top priorities, the pros will outweigh the cons. If cost is your number one driver, they won’t.
Simplified Issue: Fast Coverage, But Know the Trade-Offs
The Final Word on No-Exam Insurance
Simplified issue life insurance is a fantastic innovation that has made getting crucial financial protection easier and faster for millions of people. It’s the perfect solution for those who need coverage quickly, have a fear of medical exams, or have minor health conditions. However, it is not a magic bullet. That convenience almost always comes at the cost of a higher premium and lower coverage limits. As long as you understand and are comfortable with that trade-off, simplified issue is an excellent way to secure peace of mind for you and your family.