In Iowa a Term Life, No Exam Insurance can be issued instantly ONLINE!
Numerous web sites offer the quickest and most convenient ways to purchase term life insurance coverage. There is a easy process that can be completed from the privacy of your home or office without requiring you take a medical exam, blood test or speak with an agent. If qualified, you can print your in-force life insurance policy in minutes! Then you can enjoy peace of mind for the next 10, 15, 20 or more years.
When you have a family who depend on your income in Iowa, you should consider buying a no exam life insurance policy, in order to protect them. Life insurance is at times difficult to understand due to the large selection and the different types of insurance that are available.
An insurance policy is a legally binding contract between an insurance company and the person who buys the policy. In exchange for payment of a specified sum of money, called the “premium,” the insurance company agrees to pay for certain types of loss or damage as specified by the contract. When a loss occurs which meets all of the requirements described by the terms of an insurance policy, the loss is said to be “covered” by that policy.
There are 3 main types of life insurance: Term life, whole life and variable life. In Iowa you can buy a new simple term life insurance for $150,000.00, and “no medical exam required” for up to $250,000 to term life for $300,000, in about 15 minutes. You can get same day coverage if you answer some simple medical questions and you can apply completely on line
insurance is a good option for some people, while whole life insurance is a better option for others. It’s important to research the different types of life insurance and get several life insurance quotes so that you can find the best coverage for your family. Term Life Insurance is pure “death insurance” where the policy owner pays a premium to the insurance company (often annually or quarterly). If the insured person dies while the policy is in force (within the period for which payment was made), the insurance company pays the “face amount” of the life insurance to the beneficaries.