Can you really get a life insurance policy without having a physical or even having to answer any health questions on an application? This may seem like a trick, and while there is a slight catch, you really can find no health question life insurance policies.
Our website is all about finding insurance fast, and these policies are good ideas for some people, but we want you to understand how they work in order to know if they are good options for you!
The catch is usually that the insured person must live until a waiting period ends. The length of this preiod will depend upon the insurer and particular policy. Did they leave that part out of the TV commercials? Well, I’m sure it would have been in the fine print somewhere. If the insured person passes away before that period ends, the beneficiaries will not be able to collect the full death benefit. What they can collect will, again, vary by policy.
We urge you to learn more about guaranteed vs. simplified issue life insurance policies before you buy. A guaranteed issue policy may be a good solution for you. But you may be able to qualify for an immediate death benefit, and those policies are also usually cheaper.
We really do believe the consumers get better deals when they take the time to get informed!
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