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Without a required medical exam as a potential blocker, most eligible applicants can get coverage. Guaranteed issue life insurance may be a great option for seniors with a history of health ...
Guaranteed issue and simplified issue life insurance: Guaranteed issue: These policies do not require any health questions or medical exams, making them accessible to anyone. However, because the ...
Policy type: Term life insurance from a provider like Ladder is more commonly available without an exam than permanent life insurance policies. Occupation : Some low-risk occupations may be more ...
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.
Guaranteed issue is a term used in health insurance to describe a situation where a policy is offered to any eligible applicant without regard to health status. Often this is the result of guaranteed issue statutes regarding how health insurance may be sold, or to provide a means for people with pre-existing conditions the ability to obtain health insurance of some kind.
Stranger-originated life insurance ("STOLI") generally means any act, practice, or arrangement, at or prior to policy issuance, to initiate or facilitate the issuance of a life insurance policy for the intended benefit of a person who, at the time of policy origination, does not have an insurable interest in the life of the insured under the laws of the applicable state. [1]
However, a medical exam isn’t always required — some policies, like no-exam or simplified issue life insurance, may bypass this step depending on your age, health and any insurer-specific ...
Medical underwriting is a health insurance term referring to the use of medical or health information in the evaluation of an applicant for coverage, typically for life or health insurance. As part of the underwriting process, an individual's health information may be used in making two decisions: whether to offer or deny coverage and what ...