Simplified issue life insurance
Simplified issue life insurance does not require a medical examination but does include a number of health-related questions. In general, the longer the health questionnaire, the lower the cost of the insurance coverage.
Guaranteed issue life insurance
Guaranteed Issue life insurance does not require a medical exam or answers to any health-related inquiries. These plans are available even if you’ve been previously turned down for insurance. The face amount of a Guaranteed Issue Life Insurance policy is usually $5,000 to $50,000.