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When looking to get a cheap life insurance policy, you ought to be thinking about the coverage of your dependents and family members. Many people are in a rush to do so, scared that they are running out of time, therefore, the last word they'd want to hear is “Please wait” because an insurance company need 3 to 5 weeks to assess their medical exam. There are many cheap life insurance firms 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 little more expensive than other standard cheap life insurance companies but they're simpler and faster. Life insurance policy is a small price to pay your friends and family to have financial security after you are gone. There are three major insurance policies based upon the insurer and basic principles. Graded issue This is the first kind of simpler and faster policy, which is a bit more complicated than its other two types. This policy doesn't need a health check. For this type of insurance policy, the insured won't receive full death benefits should they die in the first year or in the third year after trying to get the policy. The benefits increase every year till round the final year in which the benefits level out. Moreover, the premiums of graded issuing insurance are fixed as compared to other two types. Despite of full health or having a high-risk lifestyle, this insurance policy can fit to serve 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 family members leave. Quite simply, you can say that they are non-discriminatory policies. Guaranteed Issue This is the second kind of insurance policy, which is open to everyone who'd want to get insurance despite their health status without any medical exam. In various lifeinsurance4you.co.uk , this policy features attractive package options like fixed benefits and glued premiums. Guaranteed issue is the most expensive policy in most other three kinds of life insurance, which are offered with no medical exam.

Simplified issue You need to fill out several health inquiries to qualify for eligibility to apply for this type. It holds some advantages over the guaranteed policy like the benefits tend to be higher than those who work in the previous policy.