Compare instant issue life insurance

5 Rated 5/5 based on 81 reviews

Instant issue life insurance does not require a medical exam. When you apply, you simply answer a few health questions to get an instant decision.

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Is instant issue life insurance right for you?

Last updated April 22, 2020

Pro of instant issue life insurance

Pro:

Provides approval and coverage in hours (in some cases, minutes), with no exam required.

Con of instant issue life insurance

Con:

Slightly more expensive than regular term. Although the difference can be pennies.

Instant issue life insurance is best for

Best for:

Individuals in average or better health that want affordable life insurance fast.

What is instant issue term life insurance?

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 end up being less expensive than a fully underwritten policy in some cases.

Instant issue term life insurance is not to be confused with guaranteed issue life insurance, which is a whole life insurance product for seniors.

No medical exam, and no waiting period

Unlike regular term life insurance, instant issue term life insurance has no medical exam. That means, no blood drawn, no needles, and no urine samples.

Additionally, there is no waiting period. When an instant issue policy application is submitted, a decision will be made in minutes, if not seconds. As a result, you will typically be insured the very same day.

Compare, shop and apply for life insurance online

Instant issue term life insurance has been around for years, but it’s always been 10% to 35% more expensive. However, we have recently added a product from a new carrier, Bestow, making it just pennies more than a regular term policy.

Furthermore, this new product from Bestow offers an 100% online process. No need to spend half an hour on the phone, no need to fill out paperwork.

View average instant issue rates

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Get an instant issue term life insurance policy quote in just 60 seconds or less. No-cost and no-obligation.

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How instant issue term life insurance is different

Instant issue term life insurance couldn’t be more different from regular term life insurance. And with our new product from Bestow, the price is often just pennies more than regular term life insurance.

No medical exam

Instant issue term life insurance does not require a medical exam. That means no needles, no bloodwork, no urine samples. Instead, underwriting is done by pulling your public records, such as financial and pharmacy records. Aside from these, you’ll be asked to answer a few simple health questions.

No waiting period

Instant issue term life insurance has no waiting period. When your application is submitted, depending on the company, an application is made in minutes or seconds.

This makes instant issue life insurance extremely convenient for these specific cases:

  • A business loan that requires a life insurance policy to secure finalization
  • A divorce that requires a life insurance policy that lists the children as beneficiaries

Cost difference

To illustrate just how small the gap is between instant issue and regular term life insurance, we’ve created the following sample rates.

Example
The following rates are based on a 30-year-old non-smoker male in good health.

CoverageInstant issue termRegular term
$50,000$8.67/mo$8.55/mo
$100,000$10.25/mo$9.14/mo
$250,000$15.62/mo$12.69/mo
$400,000$23.00/mo$17.20/mo

Who is instant issue term life insurance good for?

Instant issue term 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 end up being less expensive than a fully underwritten policy in some cases. Term lengths are usually 10, 15, and 20 years, with coverage amounts ranging from $25,000 to $500,000.

Although 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.

How much does instant issue life insurance cost?

Average instant issue rates for men

The following average rates were calculated for a healthy man, average size and build, non-smoker.

Age$50,000$150,000$250,000$400,000
25$8.13$11.88$14.58$21.33
30$8.67$12.88$15.62$23.00
35$9.38$14.00$16.66$24.66
40$10.96$17.50$22.29$33.66
45$13.38$23.00$32.08$49.33
50$31.95$83.57$135.20$212.63
55$47.43$130.03$212.63$336.53

Average instant issue rates for women

The following average rates were calculated for a healthy woman, average size and build, non-smoker.

Age$50,000$150,000$250,000$400,000
25$7.38$9.88$11.25$16.00
30$7.92$10.75$12.71$18.33
35$8.63$11.75$14.58$21.33
40$9.83$14.50$18.96$28.33
45$11.63$19.25$26.46$40.33
50$29.80$77.14$124.48$195.48
55$43.15$117.17$191.20$302.23

How to get instant issue term life insurance

Online

The most convenient way is to get an instant issue term quote online. In 60 seconds or less, you can compare instant issue rates of multiple top-rated companies.

Over the phone

Not the online type? Our top-rated agents are licensed and will be happy to assist you. just call us at 1 (866) 816-2100. They know the carriers and products through and through and will be able to recommend which is right for you. Aside from answering your questions, they can also compare rates, and help you with your application.

Let us act as your personal shopper

Finally, for those with a busy schedule, simply have us shop for you. By giving us some information about you, your health, and what you are looking for, our licensed agents will get to work for you. They will present you with options, at no cost and no obligation.

Rated 4.9 out of 5 based on 82 Ratings
5
Sep 10, 2020
Adam Bart - Ohio
Review:
Very friendly and very helpful
Agent:
Daniel Price True Blue agent
5
Sep 10, 2020
John Leahy - California
Review:
Dan was great to work with Helpful Explain everything prompt on calls very nice to work with. Would contact again for future insurance needs
Agent:
Daniel Price True Blue agent
5
Sep 01, 2020
Timothy Whigham - Illinois
Review:
Jennifer was everything that you would expect in terms of customer service. Kind, empathetic and efficient. It was a pleasure to be assisted by her.
Agent:
Jennifer Plisch True Blue agent
Instant Issue Term Life Insurance
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