Simplified Issue vs. Fully Underwritten
Term life insurance policies are offered with various levels of underwriting. Here’s a quick look at the differences between each, and what that means for you:
Simplified Issue
Most of our term policies are simplified issue, which means the application process is simplified. The underwriting decision is instant, and based solely on third-party data pulls and the applicant’s responses to some health questions within the application. No medical exams necessary.
This type of underwriting may be right for you, particularly if:
- You need life insurance, but you aren’t sure you’d qualify for a traditionally underwritten policy
- You want a simple process without medical exams or lab tests
- You thought you couldn’t get life insurance because of your age or health
Fully Underwritten
Some of our term policies are fully underwritten. Traditionally, most fully underwritten policies require applicants to fill out a full application and have a medical exam. However, we don’t require a medical exam from most applicants (just a few health questions are asked within the application).
This type of underwriting may be right for you, particularly if:
- You’re in good health
- You’re looking for life insurance with a higher death benefit
- You don’t mind a longer application process