Written by
Brian Greenberg
CEO / Founder & Licensed Insurance Agent
Last updated: March 20th, 2023
Reviewed by
Nick Fenske
Licensed Insurance Agent
Table of Contents
Applications are completely online, and you receive an underwriting decision instantly.
| Company | Recommendation | Rating | Quote |
|---|---|---|---|
 | For people in all health conditions under age 64. | ★★★★★ Ethos Life Review | Go |
 | Good for those in excellent and average health. | ★★★★★ Haven Life Review | Go |
 | Those wanting over 1 million in coverage | ★★★★☆ Ladder Life Review | Go |
 | Those under 50 years old in good to average health. | ★★★★☆ Fabric Life Review | Go |
 | For those under 45 years of age in good health. | ★★★★★ Bestow Life Review | Go |
 | Best for people in poor health. | ★★★☆☆ TruStage Review | Go |
Applications are completely online, and you receive an underwriting decision instantly.
| Company | Recommendation | StarRating | Quote |
|---|---|---|---|
 | No health questions Coverage up to 25K 2 year waiting period. | ★★★★★ Gerber Life Review | Go |
| Policies with and without health questions. Coverage up to 10k. Policies with and without a 2-year waiting period. | ★★★☆☆ TruStage Review | Go |
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.
Instant whole life insurance is for those aged 50 – 75 years in average to poor health.
A guaranteed issue life insurance policy has no health questions and is active upon making the first payment.
A final expense life insurance policy has medical questions and is often approved on the same day.
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.
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:
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.
The following rates are based on a 30-year-old non-smoker male in good health.
| Coverage | Instant issue term | Regular 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 |
The following average instant life insurance quotes were calculated for a healthy man, average size and build, and non-smoker.
| Age | $50,000 |
|---|---|
| 25 | $8.13 |
| 30 | $8.67 |
| 35 | $9.38 |
| 40 | $10.96 |
| 45 | $13.38 |
| 50 | $31.95 |
| 55 | $47.43 |
The following average rates were calculated for a healthy woman, average size and build, non-smoker.
| 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 |
The most convenient way is to get an instant issue life insurance quote online. In 60 seconds or less, you can compare instant issue rates of multiple top-rated companies.
Brian is the founder and CEO of Insurist and carries Life, Health, and Property & Casualty licenses in all 50 U.S. states. Since 2013, Brian has been a member of Million Dollar Round Table, a designation for the top 1% of financial advisors worldwide. Brian has been featured in Yahoo! Finance, Money.com, Entrepreneur.com, Life Happens, Forbes, MSN, and Good Financial Cents. Brian’s goal is to show customers the best products, the quickest answers to their questions, and provide expert advice.
Nick has worked in the insurance industry selling life insurance, endowment and retirement and annuity products. He has also worked as an consultant to Independent Financial Advisors, educating them about products and helping them meet the needs of their clients.
