What Is Instant Issue Term Life Insurance?

Filed in archive Information About on June 13, 2010

© Gideon Tsang

When you want to buy life insurance and do not want to go through the long hassle of a lot of questions, a medical exam, and waiting to discover if you have been accepted or not, then instant issue term life insurance is what you are looking for. It has really simplified the process. A whole family can get covered in a short time.

This type of term life policy is now being offered by a number of insurers. Coverage varies from about $25,000 up to $1 million. The terms available on instant issue term life insurance are the same as regular term insurance, and you can get terms of 5, 10, 15, 20, or even 30 years.

A medical exam is not needed, but a few questions will need to be answered on the online form. InsWeb says that instant issue term life insurance questionnaires will ask includes questions about your current health conditions, your height and weight, cholesterol, blood pressure, and if you smoke or not. You will also be asked about pre-exisiting conditions.

The greatest benefit about instant issue term life insurance is that you can receive an answer in about 15 minutes. Some insurers may take up to 24 hours to provide an answer. Once you get the answer, you can take your credit card and buy immediately - giving you coverage from the moment you buy.