Instant Issue Life Insurance
Rated 5/5 based on 45 reviews
Pro:
Provides approval and coverage in hours (in some cases, minutes), with no exam required.
Con:
Can be more expensive, compared with a traditional, fully underwritten term life insurance policy.
Who It Is Best For:
Ideal for someone looking for affordable coverage with the quickest possible approval time.
Instant Issue Term Life Insurance
Last updated October 19, 2018
Are you looking to get quick term life insurance without the hassle of a medical exam and a long, detailed background form, combined with weeks of waiting for underwriting to approve you? Instant issue term life insurance with no waiting period is exactly what you need to get the coverage you want now, without the headaches.
In some situations, waiting for an underwriting decision is not a luxury you can afford. Maybe there’s a business loan that requires a life insurance policy at the last minute to secure finalization, or a divorce decree requiring life insurance coverage that lists the children as beneficiaries. In circumstances like these, instant issue life insurance could be the answer you are looking for.
Instant Issue Life Insurance Comparison Chart
| Issue Amount | $50,000 – $500,000 | $50,000 – $400,000 | $50,000 – $400,000 | $10,000 – $100,000 |
|---|---|---|---|---|
| Issue Age | 18 – 50 | 18 – 80 | 18 – 80 | 18 – 64 |
| Convertible To Whole Life Policy | Yes, during years 1 – 5 | Yes | Yes, for the first half of the term | No |
| Living Benefits | No | Yes | Yes | Yes |
| Price: (37-year-old male, non-smoker, in California, for $100k in coverage) | $24.99 per month | $23.28 per month | $33.31 per month | $67.92 per month |
With instant issue term life insurance, the process is quick. Just click on “get a quote” above, answer a few short questions, and get a quote on your coverage. From there, begin the application — which asks a few more questions about your health — and then start finalizing your policy with one of our agents. In as quick as a few minutes, you’ll know if you qualify and what the final price of the life insurance policy will be. Compared with traditional life insurance policies that can take weeks, you can have same-day instant issue term life insurance coverage within minutes.
Also known as non-medical life insurance, instant issue life insurance is best suited for people in good health who are between ages 18 and 60. For young and healthy individuals, rates for instant issue coverage can be end up being less expensive than a fully underwritten policy in some cases. Term lengths are usually 10, 15, and 20-year terms, with coverage amounts ranging from $25,000 to $500,000.
While there’s no medical exam involved, it’s important to be honest about your medical history. If you were to die and/or the insurance company were to discover during the contestability period (typically 2 years from the start of the policy) that the answers you provided were not accurate, the policy could be canceled and any claim denied. Honesty in life insurance is always the best policy.
One of the easiest types of policies to obtain, instant issue (non-medical) life insurance might be the solution when you need to obtain coverage in the shortest time possible, with no medical exam.
Rated 4.9 out of 5 based on 63 Ratings
Jennifer Plisch 
Cheryl Schlenkert 
Jennifer Plisch
