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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Provides approval and coverage in hours (in some cases, minutes), with no exam required.
Slightly more expensive than regular term. Although the difference can be pennies.
Individuals in average or better health that want affordable life insurance fast.
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.
Unlike regular term life insurance, instant issue term life insurance has no medical exam. That means, no blood is 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.
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.
Get an instant issue term life insurance policy quote in just 60 seconds or less. No-cost and no-obligation.
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.
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.
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:
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.
| Coverage | Instant issue term | Regular 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 |
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.
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 |
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 |
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.
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.
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.
