You choose the plan that is best for you:
No Exam Whole Life or Exame required Universal Life!
No Nurse
No Blood
No Agent To See |
Choice 1
Whole Life
No Exam
|
Choice 2
Universal Life
Exam Required |
Alternate Choice
Term Life With 100% Cash Back |
No Exam Plan or Exam Plan |
No Exam |
Exam Required |
No Exam |
Max. Amount Available |
$150,000
(Varies by age) |
2,000,000 |
$300,000
(Varies by age)
|
Average Approval Time |
3 to 14 Days |
4 Weeks+ |
3 Days |
Priced |
Medium |
Very Low |
Low |
Quote Process |
e-mailed |
e-mailed |
e-mailed |
Application Process |
e-mailed, Faxed or Mailed |
e-mailed, Faxed or Mailed |
e-mailed, Faxed or Mailed |
Plan Choices |
Low rate level plan, mid-rate level plan, graded benefit plan |
low rate level plan only |
20 or 30 year plan |
Other Notes: |
By far the fastest approval Whole Life Plan. Very popular. Almost everyone approved! |
Takes a while to get approved. Final results may be lower |
Cheaper than Whole Life with the advantage of money back! |
REQUEST YOUR QUOTE |
|
|
|
| |
Whole Life Insurance - Without or With An Exam
Whole life no exam is by far the fastest approval life insurance plan with cash value. Who does the no exam whole life plan? People who need coverage fast, such as businesses who need to secure a life insurance plan to qualify for a SBA or other bank loans. Individuals with health issues who want coverage fast and will qualify for our standard or graded plan.
Whole life full exam plans are for individuals who feel they can qualify for the lowest rates available and have time to wait for an answer. The Whole Life full exam plan, as it is called requires that a nurse and or a Dr. comes to your home or place of business. The exam fro the full exam whole life is not complicated but does require some of your time. Not everyone gets approved at the lowest rates and, of course, there is always a chance that you not get approved at all. The biggest danger of the exam plan is that negative medical findings may be uncovered by the exam. The most common we have seen are irregular liver function, diabetes and nicotine use.
In general, whether you do the no exam or the full exam Whole Life Insurance, one of he best aspect of whole life insurance is its guarantees. For example, It is possible to set up a guaranteed pay to age 65 policy or a 20 year pay policy or less.
Universal Life Insurance - Without or With An Exam
Universal life insurance with or without an exam has long been called term life insurance with cash values and it is often confused with whole life insurance. Whole life insurance and universal life insurance are very similar in that they both have cash value. Cash value, though, is where the similarities ends.
Universal life insurance's main advantage is its flexibility. With universal life insurance you can adjust almost any component during the life of the policy. In other words, if at some point you need to adjust the face amount, you can do that without having to redo the whole policy. If you want to lower your payments or even skip payments, it is possible. Universal life insurance's biggest issue used to be its lack of predictability. That has changed greatly since the addition of features that guarantee, in some policies, that the insurance will not cancel if the policy holder pays a certain predetermined premium during the lifetime of the policy.
Another advantage to universal life insurance is its tax favored benefit. In other words, with good planning, it is possible to utilize the money inside a policy on a tax favored basis. Before TAFRA, it was not uncommon for policy holders to pour large amounts of cash into policies and take it out later, with interest on a very favorable basis. That all changed in the 80's when the government regulated the amount of new money allowed into universal life insurance policies. They are still great tax an accumulation benefits to owning a universal life insurance plan. We will be happy to give you an enhanced universal life quote.
Some disadvantages to universal life can be its lack of guarantees. For example, It is difficult to set up a guaranteed pay to age 65 policy or a 20 year pay policy. Since universal life policies are interest (or investment) sensitive, a policy owner needs to heavily fund a universal life policy to secure an early pay off (sometimes, that does not even work.
