A life insurance quote on line that does not require a medical exam can be termed an instant policy. The applicant just needs to complete an online questionnaire and will be instantly issued or denied a policy. Some insurance companies offer guaranteed acceptance for such instant policies but will impose certain limitations and restrictions on the amount of death benefit that can be taken. Most of these instant policies target senior citizens who need not undergo a medical exam to get a quote.

Instant term life insurance plans will give coverage to a policy holder and the amount of coverage will be enough to shoulder the cost of the final expenses and other unpaid medical bills. Most policies of this type offer limited coverage amount and short term periods for senior citizens which will be enough to take care of their final expenses. If a policy holder needs higher coverage amount, then an instant term policy will not be enough to provide them with this. This is because insurance company underwriters will not risk insuring a person without the confirmation of his/her physical and medical conditioning.

Instant term life insurance quotes provide convenient and speedy application process however has a higher premium rate than other policies. Insurance companies refrain from risking loss of their investment and therefore they charge a higher premium rate for an instant term policy. This is because every applicant for this type of policy is issued one without the benefit of confirming their medical status. This type of policy offer a low coverage amounting to $50,000.00 or lesser and may come with a restriction that the payment of the death benefit will only be released only after the second year after the policy has taken effect.

Be aware of policy provisions of this and other types of policies before signing up for them. It is possible to get instant quotes for any number of policies you want, therefore allowing you to find the best possible plan for your needs. There are many excellent websites that offer instant quotes at the click of a button. Established websites offer quotes only from top rated insurance companies. So, potential customers will know that they will get a good policy from a reliable company. When you first receive an insurance quote, you can be confused as to the correct way to fill it.

Here is some of the information that will be required on a quote:

– State

– Date of birth

– Gender

– Height (feet)

– Weight (lbs)

– Tobacco use

– If so, how often?

– Coverage amount

– Guaranteed term

– Health class

Getting life insurance quotes online will give the policy buyer the opportunity of being able to compare the different policies and their rates instantly. This will allow him/her to be able to determine what plans he/she can afford and to adjust the amount of coverage and the length of the term of his/her chosen policy.

Most of the inputs on an online quote are self-explanatory and you can enter relevant information. The information required allows an applicant to tailor rates to suit their requirements. Some websites ask for an email id and name while others do not. Some security experts say that such personal information should not be divulged immediately when you are simply requesting a free quote. Once you find a free quote that suits your need by providing the basic information mentioned above, in the next step you can provide further information after checking the security status of the website you have chosen.

The longer the term the cheaper is the insurance rate. So, a young person will be sensible if they choose a long term and high coverage amount. As far as the health class is concerned, you have to choose between preferred, standard and standard plus. Experts suggest that you do not exaggerate your health status and try to go a step down when mentioning a class. A final medical report that is submitted will allow the underwriter to place you into the correct health class and this will ultimately determine your insurance rate.

Universal life insurance is characterized by transparency, flexibility and affordability. It is flexible because the death benefit and cash value can be adjustable perpetually by the policyholder. It is transparent because you can pay how much you want and when you want. It is not like other policies where you pay a premium and do not know what the insurance company does with it. It is not so cheap but offers the holder the freedom to pay higher premiums when they have the money and not pay when they have a financial crunch.

As advised by David Livingston, in order to make the best decision possible, you need to fully equip yourself with all the information before taking the non recourse action. Here\’s an article for more information on your desired policies or visit his site for other specific information such as life insurances today.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information, visit his site at http://www.equote.com/seguro-de-vida-universal/.

Author Bio: As advised by David Livingston, in order to make the best decision possible, you need to fully equip yourself with all the information before taking the non recourse action. Here\’s an article for more information on your desired policies or visit his site for other specific information such as life insurances today.

Category: Finances
Keywords: instant term life insurance, life insurance quote on line , instant term life insurance quotes