Simplified Issue Life Insurance
Insurance Glossary
Life insurance underwritten from a short health questionnaire and database checks, with no medical exam, no blood work and no attending physician statement. Approval often arrives in days rather than weeks, and the tradeoff is a higher cost per thousand dollars of coverage and lower maximum face amounts than a fully underwritten policy. Answering yes to a knockout question on the application can result in a decline, which is the gap guaranteed issue policies with a waiting period are written to fill.
This content is for general informational purposes only and is not insurance, legal, or financial advice. Coverage, exclusions, eligibility, and pricing vary by insurer, by policy, and by state, and only the policy documents control what is covered. Always confirm the details of any coverage with a licensed insurance agent or the issuing carrier before you buy.
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