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Whenever you are looking to get a cheap life insurance policy, you should be thinking about the coverage of the dependents and loved ones. Many people are in a rush to do so, scared that they are running out of time, therefore, the last word they would want to hear is “Please wait” because an insurance company need 3 to 5 weeks to evaluate their medical exam. There are many cheap life insurance companies that would deny you insurance as you have an illness. Some cheap life insurance company also denies you insurance because of your involvement in activities they would deem high-risk such as sports. Still, you deserve and requires a chance to get insured. After searching a best life insurance company, you will notice that there are different other companies that have an insurance policy without any medical exams. Although, these insurance companies are usually a bit more expensive than other standard cheap life insurance companies but they are simpler and faster. Life insurance policy is really a small price to pay your friends and family to possess financial security after you are gone. There are three major insurance policies depending upon the insurer and basics. Graded issue This is actually the first type of simpler and faster policy, which is a bit more complicated than its other two types. This policy does not require a medical exam. For this kind of insurance policy, the insured will not receive full death benefits should they die in the first year or perhaps in the third year after trying to get the policy. The benefits increase every year till around the final year where the benefits even out. Moreover, the premiums of graded issuing insurance are fixed when compared with other two sorts. Despite of full health or with a high-risk lifestyle, this insurance policy can fit for everyone anyone. Different insurance companies seek to address the best for anyone to have the policy so that families are not left in economic crisis when their dependents or loved ones leave. In other words, you can say that they are non-discriminatory policies. Guaranteed Issue This is actually the second kind of insurance policy, which is open to everyone who'd want to get insurance despite their own health status with no medical exam. In various lifeinsurance4you.co.uk , this policy features attractive package options like fixed benefits and fixed premiums. Guaranteed issue is the most expensive policy in all other three kinds of life insurance, which are offered without a medical exam.

Simplified issue You have to fill out a few health questions to qualify for eligibility to apply for this type. It holds some advantages within the guaranteed policy like the benefits are usually higher than those in the previous policy.