Simplified insurance is simple to understand. Simplified insurance is called "simplified insurance" because the insurers have simplified the application process and provide consumers with a completely online way to purchase coverage (only taking 15 minutes to purchase). One of the biggest selling points of simplified insurance is that there is no medical exam required. Simplified insurance typically is considered to be low cost life insurance and covers the insured for a certain period of time (usually 10 years, 15 years, 20 years or 30 years). So that if the insured dies while the insurance is in effect, the beneficiary receives payment of the value of the insurance. If the insured person outlives the term of the insurance, the insurance will expire unless the insurance is renewed.
Simplified insurance does not have an investment component and only protects your family during the term of the policy. This is how most insurance works (car, medical, homeowners) and means that unless there is a cash payout during the coverage period, the insurance company keeps the premiums.No Medical Exam, Simplified Life Insurance
Most life insurance requires a medical exam and interaction with an insurance agent in order to complete the long purchase process that in many cases can take up to 8 weeks. With simplified insurance, the process can be reduced to just minutes. It is a very fast and simple process for obtaining a life insurance policy online with no medical exam and just a few specific health questions to answer. Coverage can be obtained in as little as 15 minutes for terms as long as 30 years depending upon the age of the applicant, and all terms come with guaranteed level premiums. Simplified life insurance is appropriate for those that want coverage without a long wait and who are generally in good health.
Inheritance Network has partnered exclusively with the two leading providers of simplified insurance, Liberty Direct and eLifePolicy.
Liberty Direct offers policies up to $250,000 issued by RBC, which was founded in 1864 and is one of the most stable financial institutions in the world. eLifePolicy offers policies up to $500,000 issued by HSBC, which was founded in 1865 and is another very stable financial institution.
Whatever your life insurance needs are, Inheritance Network recommends getting a simplified insurance quote from both Liberty Direct and eLifePolicy. Together, you could obtain up to $750,000 in coverage in just minutes. Even if you need less coverage, it is always good to comparison shop and see which company offers you the most competitive rate for the coverage you need.