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Whenever you are looking to get a cheap life insurance policy, you ought to be thinking about the coverage of your dependents and loved ones. Many people are in a hurry to do so, scared that they're running out of time, hence the last word they'd want to hear is “Please wait” because an insurance company need three to five weeks to assess their health check. 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'd deem high risk such as sports. Still, you deserve and needs a chance to get insured. After searching a finest life insurance company, you will notice that there are different other companies that have an insurance policy without any medical exams. Although, these insurance information mill usually a little more expensive than other standard cheap life insurance companies but they are simpler and faster. Life insurance policy is a small price to pay your friends and family to possess financial security after you are gone. You will find three major insurance policies depending upon the insurer and basic principles. Graded issue This is the first type 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 kind of insurance policy, the insured will not receive full death benefits whenever they die within the first year or perhaps in the third year after trying to get the policy. The benefits increase every year till round the final year where the benefits level out. Moreover, the premiums of graded issuing insurance are fixed when compared with other two types. Despite of full health or with a high-risk lifestyle, this insurance policy can fit to serve anyone. Different insurance companies seek to address the right 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 the second type of insurance policy, that is open to everyone who'd want to get insurance despite their health status with no medical exam. In different cheap life insurance , this insurance policy features attractive package options like fixed benefits and glued premiums. Guaranteed issue is the most expensive policy in most other three types of life insurance, which are offered with no 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 over the guaranteed policy like the benefits tend to be higher than those who work in the previous policy.