Simplified Issue

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Simplified Issue Simplified issue is a type of life insurance that doesn't require a medical exam, so coverage amounts are limited. If you are in your 40s and have delayed getting life insurance, simplified issue is an option. This type of insurance is typically geared towards people who need to obtain life insurance right away and/or those who don't wish to submit to a medical exam. Simplified issue whole life insurance is a type of permanent final expense life insurance that provides a small amount of coverage if you don not qualify for traditional life insurance. No medical exam is required, but you still have to complete a health questionnaire and provide access to medical records. If you fail to disclose a condition and die, the insurance company can deny death benefits to your beneficiaries. A simplified issue policy can be beneficial if you're healthy and need a policy quickly or want to skip the life insurance medical exam. It’s important to note that not everyone who applies for a simplified issue policy will be accepted. If you have a more complex medical history or a specific health condition, we recommend applying for Term Life, a more traditional life insurance policy. Remember always be honest in a life insurance application lying to obtain coverage or reduce your premium is considered life insurance fraud. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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