Simplified issue
• Policy is active as long as premiums are paid
• No expiration date
• Immediate coverage after 1st payment
• No medical exam
• Higher coverage amount than guaranteed issue
Guaranteed issue
• Covered as long as premium is paid
• No expiration date
• Limited benefit for the first two years
• No medical exam
• Best for those who have serious health issues
• For those who can’t qualify for simplified issue