Simplified Issue Life Insurance
GPTKB entity
Properties (48)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:Insurance_Company
|
| gptkbp:canBe |
Online or through agents
|
| gptkbp:hasCountry |
Typically ranges from $10,000 to $150,000
|
| gptkbp:hasStaff |
No medical exam required
Faster approval process Lower premiums than traditional life insurance |
| gptkbp:hasSustainabilityInitiatives |
Age limits apply
Health questions required |
| https://www.w3.org/2000/01/rdf-schema#label |
Simplified Issue Life Insurance
|
| gptkbp:isAvailableIn |
Various states
Individuals with pre-existing conditions Whole life policies Non-smokers Smokers with higher premiums Term policies |
| gptkbp:isConsidered |
A flexible insurance option
A quick solution for life insurance needs A form of permanent life insurance A good option for those with minor health issues A type of guaranteed issue insurance |
| gptkbp:isEvaluatedBy |
Underwriting guidelines
|
| gptkbp:isLedBy |
Fully underwritten life insurance
Traditional life insurance |
| gptkbp:isNotableFor |
Individuals seeking high coverage amounts
Individuals with serious health conditions Individuals under 18 years old |
| gptkbp:isOftenAccompaniedBy |
Various insurance companies
Young families |
| gptkbp:isOftenMadeWith |
Guaranteed issue life insurance
Short-term financial needs Burial insurance Parents with dependents People with busy lifestyles |
| gptkbp:isOrganizedBy |
Insurance agents
A no-questions-asked policy |
| gptkbp:isPartOf |
Financial planning strategies
|
| gptkbp:isPopularAmong |
Individuals seeking quick coverage
|
| gptkbp:isRecognizedFor |
Wealthy individuals seeking estate planning.
|
| gptkbp:isRegulatedBy |
State insurance departments
|
| gptkbp:isSubjectTo |
State laws and regulations
|
| gptkbp:isTargetedAt |
People with limited time for underwriting
|
| gptkbp:isUsedFor |
Debt repayment
Income replacement Final expenses |
| gptkbp:mayHave |
Waiting periods for certain benefits
Accelerated death benefits Higher premiums for older applicants Peace of mind for policyholders |