SIMPLIFIED ISSUE WHOLE LIFE INSURANCE QUOTE

Lifetime Coverage with Fixed Premiums, Made Easy

Get lifelong protection for your loved ones through a simple application. Just a few health questions, no medical exam required.

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Simplified Issue Whole Life

What Is a Simplified Issue Whole Life Policy?

A simplified issue whole life insurance policy is a type of permanent life insurance that offers lifetime coverage without any medical exams. You can apply by answering only health questions, and if approved, you get a guaranteed death benefit, fixed premiums for life, and the opportunity for cash value growth. Key benefits include:

Lifelong Protection

Permanent coverage with a guaranteed death benefit as long as premiums are paid

Simple Application, No Exam

No medical exam required. Answer just a few health questions for faster decisions and easier access to coverage than fully underwritten policies

Guaranteed Cash Value

Accumulates guaranteed cash value over time, providing a stable foundation for future financial flexibility

Fixed Premiums

Premium payments stay the same for the life of the policy, offering predictability and protection against rising insurance costs

Potential Dividends

Eligible to receive dividends (not guaranteed), which can be used to reduce premiums, increase cash value, or purchase additional coverage¹

Access To Cash

Option for policy loans or withdrawals from cash value (these should only be taken in emergency situations if needed)²

Tax Advantages

Cash value may grow tax-deferred; policy loans are generally income-tax-free

Mother researching life insurance while daughter watches next to her

How a Simplified Issue Whole Life Insurance Policy Works

Simplified issue whole life insurance provides lifelong coverage without a medical exam. You’ll answer a short set of health questions when you apply. If approved, your coverage lasts for life, your premiums stay the same, and your policy builds guaranteed cash value over time.

Complete Application Health Questions: No medical exam required. Simply answer a short set of health questions for a quick and straightforward application process. Approval is based on your responses.
Pay Fixed Premiums: You make regular fixed payments based on your coverage amount. Your premiums never increase, providing predictability and long-term stability.
Policy Costs Are Covered: A portion of each premium goes toward the cost of insurance and administrative expenses, so your policy stays active and in force.
Cash Value Grows: The rest of your premium funds your cash value, which grows at a guaranteed rate over time. If your policy is eligible, it may also earn non-guaranteed dividends, which can be used to increase cash value, reduce premiums, or buy more coverage.
Immediate Coverage: Unlike guaranteed issue policies, simplified issue coverage does not typically have a waiting or graded benefit period. Once approved, your beneficiaries are protected by the full death benefit from day one (subject to contestability rules).
Guaranteed Death Benefit: When the insured passes away, the policy pays a guaranteed death benefit to your beneficiaries (reduced by any outstanding loans or withdrawals).

Want a deeper dive? Read our full guide: Understanding Simplified Issue Life Insurance

Why Choose Western & Southern?

Financial Strength

High ratings reflect stability you can count on

Trusted for Over 135 Years

Helping families protect their future since 1888

Serving Millions Nationwide

Trusted by families across the 50 states

Is Simplified Issue Whole Life Insurance Right for You?

Simplified issue whole life insurance offers lifetime coverage, guaranteed cash value, and fixed premiums – with no medical exam and only a short health questionnaire. If you’re in reasonably good health, approval is often quick, making it a convenient option for long-term protection and financial flexibility.

Below are some individuals who might benefit from simplified issue whole life insurance:

Convenience Seekers

People who want permanent coverage without medical exams or long approval processes — choosing ease and speed as their top priority.

Final Expense Planners

Those who want to ensure loved ones aren’t burdened by funeral or end-of-life costs, with faster approval and often higher coverage amounts than guaranteed issue policies.

Grandmother protecting her grandchild with IUL

Legacy Builders

Individuals who want to leave a meaningful financial gift to children, grandchildren, or charitable organizations — with confidence in a guaranteed death benefit.

Middle-Age Applicants

Adults in fair to moderate health who may not qualify for fully underwritten coverage, but still want immediate protection through a simple application process.

Not sure if simplified issue whole life is right for you? Explore all types of Whole Life Insurance.

Frequently Asked Questions About Simplified Issue Whole Life

Simplified issue whole life is permanent coverage with fixed premiums, guaranteed cash value, and a lifelong death benefit. Instead of a medical exam, you answer a few health questions, making approval faster and easier than traditional underwriting.

This type of policy is ideal for people who want lifetime protection without the hassle of medical exams. It’s often chosen by seniors, families planning for final expenses, or individuals who value a simple application and predictable premiums.

Yes. Like traditional whole life, simplified issue policies build guaranteed cash value that grows over time.

Coverage amounts are generally lower than fully underwritten policies, often ranging from $5,000 to $50,000. These amounts are designed to cover final expenses, small debts, or leave a modest legacy. An agent can help tailor coverage to your needs.

Yes, per dollar of coverage. Since there’s no medical exam and approval is easier, insurers take on more risk, which means higher premiums compared to fully underwritten whole life. Many people choose a smaller benefit because of this.

Some policies include a graded benefit period for the first two years. During this time, death from natural causes may pay a limited benefit, while accidental death is usually covered in full from day one. After the waiting period, the full death benefit applies.

The application is simple. You provide basic personal and health information with an agent. Most people can get a simplified issue whole life insurance quote instantly, and approvals often come within a few days.

Yes. Many plans are designed for seniors who want permanent coverage without medical exams. By choosing modest coverage amounts, seniors can secure premiums that fit their budget while ensuring funds for final expenses.

IMPORTANT DISCLOSURES

¹ Dividends are not guaranteed and may change at any time. Interest is charged on loans, they may generate an income tax liability, reduce the Account Value and the Death Benefit, and may cause the policy to lapse. Withdrawals may be subject to charges, withdrawals of taxable amounts are subject to ordinary income tax, and, if taken before age 59½, may be subject to a 10% IRS penalty. 2 Any unpaid loans or withdrawals reduce the death benefit.

² Withdrawing or taking a loan from your policy may reduce its cash value, death benefit, and have tax implications.

Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by, the issuing company. Guarantees are based on the claims-paying ability of the issuer. Products are backed by the full financial strength of the issuing company.

Life insurance policies contain certain exclusions, limitations, reductions of benefits and terms for keeping them in force. Please contact a financial representative for complete details.

Life insurance products are not bank products, are not a deposit, are not insured by the FDIC, nor any other federal entity, have no bank guarantee, and may lose value.

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