Because Simplified Term Life insurance is issued with only limited medical information the policy costs are typically higher and certain restrictions generally apply. Those willing to undergo more extensive medical testing may benefit from fully underwritten term life.
Some applicants may require some testing or be required to submit additional information. Approval of the policy or payment of benefits may depend upon answers given in the application and the truthfulness of those answers.
An online Medical Information Bureau (MIB) record information request is run when you apply for simplified term life insurance. The MIB provides a secure database of the information given when you apply for life, health, disability, long-term care or critical illness insurance. The MIB is a not-for-profit association of life insurance companies throughout North America that operates a confidential exchange of information of underwriting significance for the benefit of its members.
10-Year terms available to age 60 or 20-Year terms up to age 55.
Great-West FinancialSM refers to products and services provided by Great-West Life & Annuity Insurance Company; Great-West Life & Annuity Insurance Company of New York; their subsidiaries and affiliates. The trademarks, logos, service marks, and design elements used are owned by Great-West Life & Annuity Insurance Company.
Simplified Life insurance policies are underwritten and issued by Great-West Life & Annuity Insurance Company; Corporate Headquarters: Greenwood Village, CO. Great-West Life & Annuity Insurance Company is not licensed to do business in New York. Policies not available in all states. Products sold in New York are underwritten and issued by Great-West Life & Annuity Insurance Company of New York; Home Office: White Plains, NY. Policies issued by Great-West Life & Annuity Insurance Company of New York are only available in the State of New York. Certain restrictions apply. Policy form numbers J3375 Series (term), J3375-20 Series (term), J3375NY Series (term), J3375NY-20 Series (term) and policy variations. Any guarantees are based on the claims paying ability of the issuing insurance company.
All fully underwritten term life products sold online are available through Life Insurance Central®.
Wells Fargo Insurance, Inc. (Minneapolis, MN) is a licensed agency that represents — and is compensated by — the insurer based on the amount of insurance sold.
Please review your insurance policies carefully as coverage and exclusions vary.