life insurance Without Medical
It means no medical life insurance policies. In this case there is no cover medical claime and other medical expenses cover.
Life Insurance without Medical policies include:
Guaranteed Acceptance Life Insurance:
This kind of coverage gives a permanent insurance solution for a maximum face value of $50,000 without the need for a medical examination. People who are ineligible for other insurance policies typically purchase it to cover their last expenses. If a death happens during the first two years that is not an accident, the death benefit is restricted to a reimbursement of premiums.
Simplified Issue Life Insurance:
This kind of coverage may call for a simple health questionnaire but does not require a medical examination. It is offered on both permanent (whole life insurance) and term (10, 20, 25, or 30 years) life insurance policies.
If death happens after two years or is an accident, the entire coverage amount is due.
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