This specialized type of life insurance offers a lower coverage amount than traditional life insurance, and age limits are often higher — up to 85 with some policies. Qualifying can be simpler with a few health questions and little to no medical underwriting.
With simplified term life insurance, you’ll go through a quicker qualification process. This kind of insurance may be ideal for those who do not want to wait for medical underwriting, or who want coverage to start as soon as possible.
IUL insurance is a type of permanent life insurance. This means it can last your entire life and build cash value. Indexed (and other universal life) policies also offer the option of adjusting the death benefit based on your needs.
Choosing Indexed Universal Life insurance also means you can potentially borrow against the value of your policy if life circumstances change. This fully underwritten life insurance could offer better premiums or extra features for those in good health.
This cousin to Indexed Universal Life shares many of the same benefits, but with a streamlined qualification process. You’ll answer medical questions, rather than go through medical underwriting.
Simplified IUL can be a good fit if you have some health concerns or simply want to avoid a full medical exam. Just like fully underwritten IUL, these are permanent life insurance policies that build cash value and can be adjusted to meet your changing financial needs.
View Medicare coverage options in your area
View Medicare coverage options in your area
View Medicare coverage options in your area
