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Simplified Issue Term Life Insurance; Frequently Asked Questions
Frequently Asked Questions About Simplified Issue Term Life Insurance

  Will I need a medical exam to apply?
  Is there a waiting period before the full benefit takes effect?
  Will my benefit decrease as I grow older?
  Will my premium rate go up every year?
  How long can I keep this plan?
  Can you cancel my coverage if I become ill?
  Will this plan pay even if I have other insurance?
  What if I apply for this plan today, but change my mind later?
  How do I get in touch with you for customer service?
  What does simplified issue mean?
  What type of payment options do you offer?

Will I need a medical exam to apply?

You don't have to get a physical now or in the future. Your answers to a few health questions will determine your eligibility.

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Is there a waiting period before the full benefit takes effect?

You're covered with the full benefit from the very first day your coverage takes effect.

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Will my benefit decrease as I grow older?

No. After your coverage begins, your benefit will not decrease as you grow older or if your health changes.

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Will my premium rate go up every year?

With 5 year term, your rate will stay the same for 5 years, unless rates are changed for everyone in your class and state. After each five year period, your coverage will renew at a premium based on your age at that time.

With 20 year term, your monthly rate will stay the same for the full term of your policy.

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How long can I keep this plan?

With 5 year term, you can renew every five years until age 80. At age 80, you can exchange this term plan for a permanent life insurance policy. No medical exam will be required and no health questions are asked.

With 20 year term, you can keep your coverage for a full twenty years. After the first twenty years, you have the option of buying another policy for an additional 20 year term.* No medical exam will be required and no health questions are asked.

* In FL and TX, your insurance can be converted to a permanent life insurance policy after the first 20 years.

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Can you cancel my coverage if I become ill?

Your coverage is guaranteed to stay in force for the life of your coverage, as long as you pay your premiums. With 20 year term, coverage ends if you accelerate your benefit.

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Will this plan pay even if I have other insurance?

Absolutely. It will pay full benefits to your beneficiary in addition to any other coverage you might have.

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What if I apply today, but change my mind later?

Count on our 30-Day Money Back Guarantee for peace of mind. If you decide this coverage isn't for you, just return your insurance documents within 30 days of receipt for a complete refund, no questions asked.

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How do I get in touch with you for customer service?

We've built our reputation on satisfied customers. When you receive your insurance documents, you'll also receive a customer guide with our toll-free service hotline. This special toll-free number will put you directly in touch with our service team. Your guide will also include information on how to change your payment plan, change a beneficiary, or file a claim.

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What does simplified issue mean?

Simplified issue means that you don't have to complete a lengthy health questionnaire or get a physical to apply for coverage. Your answers to a few health questions will help us determine your eligibility.

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What type of payment options do you offer?

When you apply online for coverage you can either use a credit card or pay by direct bill. If you select the direct bill option we'll send you a bill with your policy, and then continue to bill you monthly or annually, depending on the frequency you select. If you change your mind later, you can switch to the billing method that's most convenient for you.

In addition to direct and credit card billing, we also offer automatic deduction from your checking or savings account in most states. This option is not yet available for online applications, but you can easily switch to it after you've made your first payment.

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It's so easy to take the next step. There's absolutely no obligation on your part.

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Questions? Call us toll free 1-877-860-4261


 
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