Instant is the watchword of the present generation – instant food, instant communication with cell phones or instant information on the Internet. In such a world, it was only expected that before long instant life insurance policies will be introduced. This is meant to help people get insurance policies quickly without having to go through a time-consuming application process. One of the many types of instant life insurance available is called instant-issue term life insurance. This policy was introduced when it was realized that many Americans in the middle and lower income group did not have any kind of life insurance term life insurance. To remedy this situation, this new policy was introduced to make it simple to get life insurance. Those who do not have the time to spend in an elaborate application process can apply for instant-issue term life insurance and get one approved in an amazing 10 minutes. While this does not mean that everyone will be eligible for this policy, it does mean that the process will be expedited within 24 hours at least.

In a traditional life insurance term life insurance, applicants had to often wait even for 6 weeks to get approval, this new instant-issue policy does not require medical tests and hence is speedier. Instant-issue term life insurance amounts can range from $25,000 upwards to a maximum of 1 million dollars. The number of years like other types of term life insurance can vary in multiples of 5 years for a maximum of 30 years. However, this type of term life insurance like other kinds does have different rates for different categories of people. For example, when you request an instant-issue term life insurance quote on line, you will be asked about 40 questions concerning various health issues. This will include whether you smoke, drink or take drugs, age, sex and other questions. The premiums will be based on the information you provide. Invariable those who do not smoke or drink will get better rates as also will women. This is because it is generally perceived that women live longer as they lead healthier and more responsible lives.

Other than that, the instant term life policies are also the most hassle free way of receiving life coverage. They do not require you to undertake any medical test. Of course, that does not mean that if you are terminally ill or a regular substance abuser, you will still get the coverage. No, the carriers have their own way of finding out. However, because the policy exempts you from medical test, you can have the coverage within twenty-four hours, but at a higher rate. Otherwise, everything is same.

While it is true that term life insurance no medical is much more expensive, it benefits certain people for otherwise it will not be offered by insurance companies. So, here are some ways to get one: * Contact your current insurance provider * Visit online websites * Obtain a quote * Submit the quote * Complete application

The application form too can have quite a few questions waiting for you. There will be some health question too; answer them truthfully. The carriers have their own way of cross checking the facts. However, without the medical exam, they will not have a clear picture of your present health condition or about any potential diseases that you may be nurturing inside you. That is why the carriers will automatically take you as a high-risk candidate and will charge at a higher rate to protect their interest. To protect your interest you should also receive quotes from number of carriers and see who provides the best coverage.

Therefore, it stands that term life insurance no medical policies are convenient, but as every good thing, it also requires you to pay at a higher rate. The purchase procedure is easy: * Contact your current insurance provider to see if they offer any such policy. Otherwise, search online for carriers offering such a policy. You can also contact life insurance brokers for that. * Request for quotes from three different sources at least. * Select one and apply online. * Wait for twenty-four hours to see if you qualify

In some cases, when a blood sample is requested, the approval will just take a few days but definitely not take many weeks like other insurance policies. However, remember to always be truthful for insurance companies have a way of cross checking information and if it emerges even after the insurance is approved that you have lied, your insurance policy can be summarily terminated and the premiums you paid will be lost. So, go about it the right way and get a good life insurance term life insurance to protect your family.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on term life insurance rates and instant life insurance, visit his site today.