Different types of Non Medical Insurance
There are three types of Non medical insurance available and they are
- Simplified issue life insurance
- Guaranteed issue life insurance
- Graded benefit life insurance
- Simplified issue life insurance: In this type the applicant has to verbally provide some medical information and this policy entails no medical exam.
- Guaranteed issue life insurance: No health question and no medical exam and it is a guaranteed one.
- Graded benefit life insurance: In Graded benefit type, the applicant entails no medical exam and health question and it is primarily for later middle aged and beyond.
Thanks for sharing useful information about different type of non-medical life insurance. It is good to know all about insurance policy before taking one. There are so many types of insurance policies and we need to choose one of the best.