If you don’t want to/can’t take a medical exam, don’t worry there are some companies that offer no medical exam Life Insurance plans called “Simplified Issue”. Simply run your quote and search for SI or SIMPLIFIED ISSUE in the name of the plan. Usually, SI plans do not come with large death benefit amounts. If you have trouble finding a simplified issue plan, call us and we’ll see if there is one available for you.
What is "__ Year Level Term"?
If you click the drop down menu on the quote engine that says “Type of Life Insurance” you will see various “year” level term products. This simply means that the life insurance death benefit will last for that duration at a level (same/guaranteed) premium for that time period.
What is "To Age __ Level"?
The life insurance death benefit will carry on to whichever age you select at a level (same/guaranteed) premium.
What is "Other Term"?
When you select this option you will see various year term products. For example, there are 17 year, 18 year, and sometimes 21 year term life insurance products.
What is "10, 20, 30 Year Term"?
Selecting this option will provide all of the 10, 20, 30 year term products that we have access too. You can select this option to see the 10, 20, 30 year term products at once instead of doing separate searches.
What is "__ Return of Premium"?
Return of Premium is a rider that can be added to Life Insurance policies. It means that if you outlive the term or age of the product, you will be refunded 100% of premiums. This rider comes with an additional cost, making policies that feature it, a bit more expensive.
What is "To Age __ Level (No Lapse U/L)"?
These are our favorite and our highly recommended life insurance products. This option features permanent life insurance plans meaning they do not have to be renewed and will last for as long as you keep it or to age 121! The premiums are also guaranteed to stay level to age 121. U/L stands for Universal Life, which is a type of permanent life insurance.
What is "To Age 121 Level __"?
These are our favorite and our highly recommended life insurance products. This option features permanent life insurance plans meaning they do not have to be renewed and will last for as long as you keep it or to age 121! You have the option to choose when the policy is all paid up and you stop paying premiums (the death benefit will still continue) to age 65 or 100. The 10 pay option will calculate the premium based on paying for 10 years. The 20 pay option will calculate the premium based on paying for 20 years. The single pay option is exactly what it sounds like, the plan will be paid for entirely upfront with one premium.
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