Matekel Insurance Agency
Life Insurance-Annuities-Retirement
Medicare Advantage/Supplement-ACA/Obama Care/Health Insurance-Children's Whole Life
Embedded Files
"Let me get you covered today to protect your loved ones tomorrow!"
Simplified issue life insurance
As the name suggests, Simplified Issue is the simplest form of underwriting. Applicants must answer some questions about their health, but not take a medical exam. Insurers will then use third-party sources to gather additional information about applicants, such as their prescription drug history. As a result, simplified Issue, in most cases, receives instant decisions by the insurance company, unlike the Fully Underwritten process, which can take much longer.
Term Life
Term Life
For a specific period of time, a life insurance policy stipulates the insurance company must deliver a tax-free payment if the insured person dies within that timeframe. For example, many term policies only cover 10, 20, or 30 years but can be renewed, usually for a higher cost, at the end of the policy.
Whole Life
Whole Life
A type of life insurance that has both permanent life insurance and an investment component. Upon the death of the insured person, the life insurance company makes a payment to the beneficiary. The investment component accumulates a cash value that the policyholder may withdraw or borrow against.
Final Expense
Final Expense
It is a whole life policy typically used to cover final expenses, funerial/burial coverage. It is a Simplified Issue, permanent life policy,
offering lower coverage at lower premiums. Policies are available from $5,000 to $50,000.
Page updated
Google Sites
Report abuse