What is an instant life insurance policy?

quick Facts

  • Unlike traditional plans, instant life insurance policies do not require a medical examination for approval
  • Most instant life insurance policies offer coverage similar to traditional plans
  • It can be difficult to qualify for instant life insurance, and most companies sell policies to people under the age of 60.

Although it is best to purchase coverage before you need it, there are times when you may need a life insurance policy immediately. Not finding life insurance for a medical checkup isn’t as easy as a traditional policy, but it’s not impossible.

However, instant life insurance coverage is not the best option for everyone. Before signing up, you should make sure that it is right for you.

So what is an instant life insurance policy? Read on to find out more, then compare quotes with as many companies as possible to find the best rates.

Instant Life Insurance: What it is and how it works

Most types of life insurance require a medical interview and examination before the application can be approved. Many popular plans require a test, including term and whole life insurance. While traditional plans are often cheaper, they don’t work for everyone.

It is often more difficult to qualify for instant life insurance because companies are picky about who they insure. This is because same-day life insurance skips the medical exam, opting for a basic interview that can be completed over the phone instead. The only other information the company uses to determine your eligibility is your driving records and financial records.

Not everyone qualifies for instant life insurance coverage. For example, people looking for life insurance with a medical condition will have better luck with other policies, such as a guaranteed life insurance policy.

You’ll also likely pay higher rates when you purchase outright life insurance, so it’s important to understand whether instant coverage is right for you before making a final decision.

Life insurance quotes are always free.

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Factors to consider before buying an instant life insurance policy

Underwriting life insurance usually requires an in-depth look at your medical history and current health. Since instant life insurance bypasses a medical examination, companies take into account other factors to protect themselves from financial risks.

Companies that offer instant life insurance typically look at your medical records, driving history, and financial information, such as your credit score and bankruptcy history. Your age also plays an important role — most companies won’t sell a new instant coverage plan to people over 60.

Finally, you will need to prove that your income matches the amount of coverage you want to purchase. Companies are much more careful about selling life insurance with no waiting period — you’ll only be able to purchase an amount of coverage that matches your income.

Understand instant life insurance policy rates

Although buying life insurance online on the spot may cost more, many applicants see similar pricing to traditional policies. To get an idea of ​​how much you might pay for an instant life insurance policy, check out the rates below.

Instant life insurance rates by age and gender

age sex monthly rate
25 feminine




35 feminine




45 feminine




Keep in mind that these rates are only an example – most instant plans are term life insurance. The longer the term you choose, the more expensive your insurance will be.

Requirements for immediate application for term life insurance

Although companies have unique applications, there are a few things that can be in place to make the process as quick as possible. The most important information to have on hand is your medical history. You will have to answer various questions about your general health and your family’s health history.

Being honest in your health interview is an integral part of your application. If you lie on your life insurance application, the company will deny you coverage. If the dishonesty is discovered after the insurance policy is issued, the company can deny a claim and deny your death benefit beneficiary.

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The best companies that offer instant life insurance policies

Getting instant life insurance is convenient, but finding a company that sells instant coverage can be challenging. Although there are many options for instant life insurance, the following companies are some of the best:

  • Brighthouse Finance: Brighthouse Financial offers excellent instant life insurance options but it is only available to applicants between the ages of 25 and 50.
  • peace life: Ladder Life offers up to $3 million in coverage, and you can lower your coverage whenever you want.
  • Banner life: Applicants can purchase up to $2 million in coverage, but Banner Life only sells to people between the ages of 20 and 60.
  • Erie: You can only buy up to $500,000 in coverage from Erie, but it’s one of the only companies that offers instant approval for a whole life plan.
  • Foresters Financial: Foresters offers two immediate life insurance plans, one for a maximum of $1 million and one for a maximum of $500,000.

When looking for instant life insurance, be sure not to confuse the available plans with the guaranteed issue plans. Guaranteed release plans are similar to instant coverage because they don’t require medical exams. However, they usually offer much less coverage for higher rates. For example, check out the prices below.

Guaranteed monthly rates for life insurance based on age, gender, and policy amount

age at purchase Policy coverage amount Prices for men rates for women
50 $10,000









60 $10,000









70 $10,000




103 bucks





As you can see, you will pay higher prices if you choose a guaranteed release plan. Increases in life insurance rates by age are inevitable, but guaranteed issue plans are significantly more expensive for less coverage.

How to get instant life insurance

Now that you know what it is, you may be wondering how to get life insurance quotes. The good news is that buying instant life insurance is relatively simple.

Instant life insurance requires a similar application to traditional plans. Although you will not have to take an exam, your insurance company will still thoroughly check your records to determine your eligibility.

Your application will be approved, denied, or forwarded to the underwriter. If you are referred to an underwriter, it simply means that the company needs more information before making a decision.

Bottom line: Instant life insurance policies

Buying instant life insurance may be the right choice if you fit more stringent qualification criteria and are looking for a term life insurance policy. As with all types of life insurance, you should always compare rates with as many companies as possible to ensure you find the best rates.

Frequently Asked Questions

What is Life Insurance That Starts Immediately?

For coverage that begins without a waiting period, you’ll need a group, simplified issue, or guaranteed life insurance policy. Although you can get fast approval for instant life insurance, there is often a waiting period.

What is instant life insurance?

Instant coverage life insurance provides coverage similar to traditional plans without a medical exam.

Should You Buy Life Insurance Online Immediately?

As long as you qualify for instant life insurance, there is no reason why you can’t buy it online. Speaking with a representative can be helpful if you are unsure about your policy.

Can You Borrow From Life Insurance Immediately?

You won’t be able to borrow from your plan if you have a term life insurance policy because it doesn’t accumulate cash value, which most instant life insurance policies do. If you have a whole life plan, you’ll have to wait for the plan’s cash value to accumulate before you can borrow from it.

What is the easiest life insurance to get?

The easiest life insurance policies to buy are group, simplified version, guaranteed version, and spot life insurance coverage. These plans do not require a medical examination to purchase.

Can you get instant life insurance if you have a pre-existing condition?

Qualifying for an instant life insurance policy can be more difficult than other plans. If you have a pre-existing condition, a Guaranteed Release plan may be a better option.

Are there disadvantages to getting a life insurance policy?

A disadvantage of purchasing a life insurance policy is that it can be quite expensive, especially if you are older or have health concerns. However, shopping around for multiple quotes can help keep costs down.

What documents do you need to apply for an instant life insurance policy?

Although you won’t need official documents to apply for instant life coverage insurance, writing down your medical history will help go through the application process quickly.

Life insurance quotes are always free.

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Rachel Brennan

Licensed insurance agent

Rachel Brennan has been in the insurance industry since 2006 when she started working as a licensed insurance representative for 21st Century Insurance, during which time she held her property and casualty license in all 50 states. Several years later, she expanded her expertise in the insurance field, earning a license in health insurance and AD&D insurance as well. I worked for a small health in…

Benjamin Carr

Former state farm insurance agent

Benjamin Carr has worked as a licensed insurance agent at State Farm and Tennant Special Risk. He sold various lines of coverage and advised his clients about their life, health, and property/accident insurance needs. Assessing risk and helping people find the best coverage for their needs is his passion. He appreciates that insurance is designed to protect people, especially in times of…

Former state farm insurance agent

Editorial Tips: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective third party source for all things life insurance. We update our website regularly, and all content is reviewed by life insurance experts.

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