If you want to buy life insurance, the oft required medical exams can be a pain in the butt. First you have to schedule them, then you have to get stuck with a needle so they can draw blood and you may need to pee in a cup. And if you need more insurance some time later you might need to do it all over again. Well "relief" is at hand.
Some life insurance companies have underwriting programs that help facilitate your being able to buy more insurance without a medical exam/ This may be possible provided you have been fully undewritten for other life insurance within the last 5 years. The amount of insurance varies depending on the recency of the last policy applied for. And the previous policy DOES NOT need to be from the company with these simplified underwriting requirements.
One life insurance company will issue up to $1,000,000 without an exam if you have been fully underwitten within the past year. Up to $500,000 can be issued from the same life insurer if you have been fully underwitten within the last 5 years.
The underwriting requires an express application and among other things you will be required to provide evidence of a cover page or declarations page from the previously issued policy. Note that it is not a guaranteed issue program. It is a simplified issue program.
Life insurance can be an important solution as part of the settlement planning process. For more information Life Insurance in the Settlement Planning Process or call John Darer at 888-325-8640
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