Simplified issue life insurance is a popular choice for those who want coverage without a medical exam. You’ll answer a few health questions, and approval is typically fast. While premiums may be slightly higher than traditional policies, this option offers a convenient way to get protected.
Guaranteed issue life insurance provides coverage regardless of your health history. Approval is almost always guaranteed, making it a good option for individuals with pre-existing conditions. However, coverage amounts are usually lower and premiums are higher.
Accelerated underwriting uses data and technology to speed up the approval process. Instead of a medical exam, the insurance company may review your medical records or prescription history. This option offers faster approval times than traditional underwriting.
