Instant Issue Life Insurance

Instant issue life insurance provides a decision on your life insurance application the moment you complete it. If you are approved, the only thing left to activate the policy is your payment information.
Get a Free Quote
better faster

Written by Brian Greenberg

Last updated: September 15th, 2022

Reviewed by Nick Fenske

What Is Instant Issue Term Life Insurance?

Also known as no medical exam life insurance, instant issue term life insurance is best suited for people in good health who are between the ages of 18 and 60.

Unlike regular term life insurance, instant issue term life insurance has no medical exam. That means, no blood drawn, no needles, and no urine samples.

Additionally, there is no waiting period. When an instant issue policy application is submitted, a decision will be made in minutes, if not seconds. As a result, you will typically be insured the very same day.

What Is Instant Issue Whole Life Insurance?

There are two options for those over 50 and needing under $50,000 in coverage.

guaranteed issue life insurance policy has no health questions and is active upon making the first payment.

A final expense life insurance policy, also referred to as a simplified issue whole life, has medical questions and is often approved instantly.

Instant whole life insurance is most popular among those aged 55 – 64. According to our life insurance study, this age group is the most willing to pay more for life insurance that does not have a medical exam.

Ready to shop for life insurance?
Start here

How Instant Issue Life Insurance Is Different

No medical exam

Instant issue life insurance does not require a medical exam and provides immediate coverage. That means no needles, no bloodwork, and no urine samples. Instead, underwriting pulls your public records, such as financial and pharmacy records. Aside from these, you’ll be asked to answer a few simple health questions.

No waiting period

Instant term life insurance has no medical exam and no waiting period. When your application is submitted, an application is made in minutes or seconds, depending on the company. With instant issue life insurance, you are buying life insurance online instantly.

This makes instant issue life insurance extremely convenient for these specific cases:

  • A business loan that requires a life insurance policy to secure finalization
  • A divorce that requires a life insurance policy that lists the children as beneficiaries

Cost difference

Instant issue term life insurance has been around for years, but it’s always been 10% to 35% more expensive than term life insurance with a medical exam. However, we have recently added products that offer the same pricing. The decrease in cost is a main reason for the rising popularity of instant life insurance. According to our life insurance study, over 75% of respondents think the price is more important than convenience when buying life insurance.

To illustrate just how small the gap is between instant issue and regular term life insurance, we’ve created the following sample rates.

Example

The following rates are based on a 30-year-old non-smoker male in good health.

CoverageInstant issue termRegular term
$50,000$8.67/mo$8.55/mo
$100,000$10.25/mo$9.14/mo
$250,000$15.62/mo$12.69/mo
$400,000$23.00/mo$17.20/mo

How Much Does Instant Issue Life Insurance Cost?

Average instant issue rates for men

The following average rates were calculated for a healthy man, average size and build, non-smoker.

Average instant issue rates for men

Age$50,000
25$8.13
30$8.67
35$9.38
40$10.96
45$13.38
50$31.95
55$47.43

Average instant issue rates for women

The following average rates were calculated for a healthy woman, average size and build, non-smoker.

Average instant issue rates for women

Age$50,000$150,000$250,000$400,000
25$7.38$9.88$11.25$16.00
30$7.92$10.75$12.71$18.33
35$8.63$11.75$14.58$21.33
40$9.83$14.50$18.96$28.33
45$11.63$19.25$26.46$40.33
50$29.80$77.14$124.48$195.48
55$43.15$117.17$191.20$302.23

Who Is Instant Issue Term Life Insurance Good For?

Instant issue term life insurance is best suited for people in good health between ages 18 and 60. For young and healthy individuals, rates for instant issue coverage can be less expensive than a fully underwritten policy in some cases. Term lengths are usually 10, 15, 20, and 30 years, with coverage ranging from $25,000 to $3,000,000.

Although there’s no medical exam involved, it’s important to be honest about your medical history. If you were to die and/or the insurance company were to discover during the contestability period (typically 2 years from the start of the policy) that the answers you provided were not accurate, the policy could be canceled and any claim denied. Honesty in life insurance is always the best policy.

How to Get An Easy Life Insurance Policy

Online

The most convenient way is to get an instant issue term quote online. In 60 seconds or less, you can compare instant issue rates of multiple top-rated companies.

Ready to shop for life insurance?
Start here

Instant Issue Life Insurance Reviews

4.9 /5
Based on 145 reviews

Excellent
91%
Great
6%
Average
3%
Poor
1%
Bad
0%
Sep 14, 2021
Efficient with great staff!
Susan Woodruff
Agent: Jennifer Plisch
Jun 07, 2021
Great job. Great information.
Wiley Barber
Agent: Jennifer Plisch
May 21, 2021
Cheryl made the process fast and easy!
Derrick Rogers
Agent: Cheryl Schlenkert
Apr 30, 2021
Great everything was explained and the service was great
Mary Sherlock
Agent: Jennifer Plisch
Apr 15, 2021
It was easier than I thought! In one phone call I was covered. My family and I are now stress free, all thanks to my Agent, Jennifer Plisch!
Nadia Rutledge
Agent: Jennifer Plisch
Apr 14, 2021
The application process was very easy.
Tiffany Tagbo
Agent: Cheryl Schlenkert

Get the most accurate rates in 2 minutes or less
Making a financial decision doesn’t have to be stressful.
See what you qualify for by answering some health questions.

Find The Best Policy
Find The Best Policy