Simplified-Issue Life Insurance
Life insurance with no medical exam but extensive health questions — quick issue, smaller face amounts.
Quick definition: Life insurance with no medical exam but extensive health questions — quick issue, smaller face amounts.
Full explanation
Simplified-issue life insurance requires no medical exam but does require an extensive health questionnaire. Common at smaller face amounts ($25,000-$500,000). Decisions are typically made in 1-3 days. Rates are higher than fully-underwritten or accelerated-underwriting policies because the carrier has less information. Common in the final expense market and for applicants with conditions that wouldn't qualify for AU.
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