Instant issue term life insurance is the same life insurance coverage as a regular term life insurance policy. The difference is in the amount of time it take to for someone to qualify for instant issue term life insurance vs. regular term life.

Health of Applicant

Only healthy people can qualify for instant issue term life insurance.

No Medical Examination

Unlike the usual qualifications for term life insurance, applying for instant issue term life insurance does not require a medical examination.

Questionnaire

Applicants for instant issue term life insurance are required to fill out a brief questionnaire about the state of their health, their health history and family health history.

Qualification

Based on the answers about the the applicant's state of health and health history, the insurance company will decide to issue the insurance or deny the application.

Issuing Policy

If the applicant is deemed healthy and suitable for the policy, the insurance company will offer the coverage to the applicant immediately.

Time of Process

Instant issue term life insurance refers more to the process of issuance than a type of product. The entire process can occur in a matter of just a few minutes, for qualified applicants. The term life insurance coverage that is received with instant issue term life will offer the same protection and work in exactly the same way as other term life policies.

Source:

Long Term Consumer Care, Inc.: Term Life Insurance--Instant Quotes and Instant Coverage

QuickQuote Financial, Inc.

Resource:

National Association of Insurance Commissioners-Insure U