Simplified Life Insurance

Simplified Life Insurance (or also called Simplified Issue Life Insurance) is a type of No Medical Life Insurance that comes without medical exams but still can have some questions that you need to answer. An applicant has replied these truthfully. Simplified issue life insurance offers premiums higher than Standard Life Insurance (also called Traditional Life Insurance) but lower than Guaranteed Life Insurance and higher levels of insurance protection. Simplified Life Insurance is often seen as the least expensive type of No Medical Life Insurance. It has some limitations on maximum insurance coverage limits, and the benefit typically ranges from $100K to $500K.

When do you need Simplified Life Insurance?

There are numerous reasons when it makes sense to consider Simplified Issue Life Insurance. Typically, they are following:

• You have no significant health pre-conditions, but you do not want to take medical tests.
• You have some pre existing health pre conditions, and you are not sure if you would qualify for Standard Life Insurance.
• You have some pre existing health pre conditions and you do not want to take medical tests.

To know more differences between term life and whole life insurance, see Frequently asked questions.