Instant Coverage Term Life Insurance

What is Instant Coverage Term Life Insurance?

Life insurance is a contract where an insurer provides a lump sum of money as death benefits to the policyholder's beneficiaries upon the policyholder's demise, in exchange for a regular premium.

Instant Term Life Insurance, as the name suggests, provides instant coverage upon the approval of the application, streamlining the usually lengthy process of obtaining a life insurance policy which may take 4-6 weeks.

Instant Term Life Insurance eliminates the waiting period through a simplified underwriting process that bypasses the traditional medical examination. It's an excellent choice for individuals looking for quick coverage without the fuss, making it ideal for those with busy lifestyles or a fear of medical exams or blood tests.

Interestingly, instant coverage term life insurance is a tool of convenience and security that is just a click or a call away. This insurance product aligns with the modern need of acquiring services in an instant and hassle-free manner.

It isn't only fast but also provides essential coverage to help your loved ones maintain their lifestyle if, unfortunately, you are not there to provide for them.

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How Does It Work?

Imagine filling out a detailed questionnaire online about your health and lifestyle, and almost immediately, if approved, having your life insured. That's the speed and ease of applying for Instant Coverage Life Insurance.

This insurance product works based on the answers you provide on the application rather than relying on a physical medical examination. They will also check your Medical Information Bureau information to verify your health history.

The "Term" in term life insurance refers to the period during which the coverage lasts.

Typically, the length of the term policy might be 10, 15, 20, 25, or 30 years. In the case of instant coverage, the term, amount of coverage, and premium rates are decided upon at the inception of the policy and remain constant for the duration of the policy term.

If the policyholder passes away during the term, the death benefit is paid to the beneficiaries. However, if the policyholder outlives the term, no benefit is paid.

One unique advantage of instant coverage term life policies over traditional life insurance is the immediacy of the coverage starting.

Often, the decision can take between 15 minutes to 48 hours, depending upon the information in the application and the company's underwriting guidelines.

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How Much Instant Life Insurance Can I Buy?

The amount of insurance you can buy varies from one insurer to another; however, typically, instant term life insurance policies offer coverage ranging from $50,000 to $2,000,000.

The amount of life insurance you need depends on your individual financial circumstances, including income, debts, number of dependents, and financial goals. Get a free quote.

Is a Physical Exam Required?

No, life insurance offering instant coverage does not require a physical examination, contributing to the speed and convenience of securing coverage.

However, some health-related questions will be asked in the application to evaluate your insurability. It's crucial to answer these questions honestly to avoid potential complications in the future.

How Much Does It Cost?

Keep in mind that rates can vary based on factors like the policyholder's health, age, gender, tobacco use, lifestyle duration of policy and amount of coverage.

However, to provide a perspective, the best rates available for instant coverage term life insurance for a 40-year old non-smoking male can be around $20 per month for $250,000 of coverage for ten years.

A non-smoking female of the same age may expect to pay approximately $18 per month.

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Best Instant Coverage Life Insurance Carriers

There are many life insurance companies offering instant coverage term life insurance policies with unique features and benefits.

Some stand out due to their speed, pricing, ease of approval, and financial strength ratings.

While we cannot guarantee the same experiences for every customer, the top players include:

• Lincoln Financial Group: Offers coverage up to $1,000,000 and ages 18 to 60. Policies issued in 24-48 hours, AM Best A+ rating.
• Protective: Offers maximum coverage of $1,000,000, ages 18 to 60. Policies issued in 24 hours, AM Best A+ rating.
• Prudential: Offers coverage up to $250,000, ages 18 to 50. Policies issued within one business day, AM Best A+ rating.

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How Do I Apply for Coverage?

The process for applying for an instant coverage policy is relatively straightforward:

• Step 1: Get a Free Quote – Request a price quote for coverage.
• Step 2: Complete an Online (or Over the Phone) Application - This includes filling in personal details and answering health and lifestyle questions.
• Step 3: Instant Decision - Within a few minutes, the insurer will process the application. If you're approved (usually within 15 minutes to 48 hours), you'll receive your policy and premium options.
• Step 4: Choose Coverage - Select the policy term and coverage amount.
• Step 5: Select Beneficiaries – Choose who will receive the death benefit payout upon your passing.
• Step 6: Make Payment - Complete your purchase by setting up your payment method.
• Step 7: Instant Coverage - Upon approval and payment, your coverage starts immediately.

What If I Change My Mind?

Most insurance companies offer a free look period, ranging from 10 to 30 days depending upon your resident state and the insurance company.

During this period, if you decide that the policy isn't right for you, you can cancel it without any penalties and receive a full refund.

Why Should You Buy Instant Coverage Life Insurance

Instant Coverage Term Life Insurance offers various benefits making it a wise choice for many:

• Speed: The most attractive feature is the speed at which you can secure a policy.
• Simplicity: The online application process is usually straightforward and quick.
• No Exam: Those with needle phobia or an adverse health condition can avoid the stress of a medical exam, while still getting covered.
• Flexible Terms: With term lengths from 1 to 30 years and benefit amounts varying widely, you can tailor these plans to match your needs.

Furthermore, securing an instant coverage term life insurance policy can provide you peace of mind knowing that your family will be financially secure should the worst happen.

It's worth noting, as well, that one should not delay purchasing life insurance. As one ages, or develops health conditions, securing a policy may become more expensive, or even impossible.

Be proactive, assess your needs, and consider instant coverage term life insurance to safeguard your family’s financial future.

Don't delay, secure your peace of mind today - request your free quote now.

Life Insurance Quotes

Top Pick – JRC Insurance Group

JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 63 top life insurance companies and find you affordable life insurance you need to protect your family and fit your budget.

JRC Insurance offers up to $2,000,000 of life insurance with no medical exam required.

You can get approval for your insurance policy in as little as 10 minutes to 2 days. JRC offers no exam life insurance for diabetics, too.

JRC offers some of the best rates on life insurance policies without any health exams required.

You can compare and choose from $25,000 to $2,000,000 of no exam life insurance coverage from several leading life insurance carriers including Sagicor Life, Fidelity Life, Lincoln Financial Group, Protective, and Prudential through JRC Insurance Group.

JRC Insurance Group helps you instantly compare the best plans and prices available for no exam, same-day life insurance coverage at affordable rates.

The life insurance companies use the information provided in your application to make an instant decision on your application.

Healthy, qualified applicants (based on the information provided in your life insurance application) can be insured immediately with no medical exam while other applicants can receive immediate coverage pending a medical exam.

Highly Recommended – Quility (Underwritten by SBLI)

Instant Issue Term Life Insurance is revolutionizing how people secure their future. With no medical exam required, you can apply online and get approved in as little as 5 minutes. 

This type of insurance, underwritten by SBLI, which has been rated A- Excellent for financial strength, allows you to buy up to $1,000,000 in coverage and start immediately. 

Established in 1907, SBLI has a long history of reliability. 

Applying is quick and easy — just click the link to start your application. Get covered fast and protect your loved ones without the wait.

Highly Recommended – Globe Life Insurance

Get FREE Information On How $1* Can Buy Up To $100,000 Globe Life Insurance For Adults Or Children

• No Medical Exam – Simple Application.
• No Waiting Period. Buy Direct.
• Rates As Low As $3.49 Per Month.
• The Globe Life Family Of Companies Has Nearly 17 Million Policies In Force.
• No Phone Required. No Credit Required.
• The Globe Life Family Of Companies Has Over $224 Billion Of Coverage In Force.
• Globe Life Is Rated A (Excellent) By A.M. Best Company As Of August 2023.

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Instant Coverage Term Life Insurance

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