Without Evidence of Insurability

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Dictionary Says

Definition of 'Without Evidence of Insurability'

The ability to acquire a policy, such as life or health insurance, without being required to submit to a physical examination. Group plans, including employer-sponsored plans, often insure without evidence of insurability when employees apply for the plan within a certain number of days of being hired or becoming eligible to participate in the group plan. Also, certain coverage may be acquired without evidence of insurability if the coverage amounts are equal to or lesser than a certain, specified amount.
Investopedia Says

Investopedia explains 'Without Evidence of Insurability'

In general, an insurance policy without evidence of insurability is a higher risk for the insurer. This added risk is from the lack of information on the policyholder. To limit the risk of the insurer, the insurer usually places a cap or limited on the amount the policyholder can receive if needed.
Search results for

'Without Evidence of Insurability'

  • Intro To Insurance: Types Of Life Insurance | Investopedia

    http://www.investopedia.com/university/insurance/insurance8.asp
    ... permit the policy owner to exchange a term contract for permanent coverage within
    a specific time frame without providing additional evidence of insurability. ...

  • Let Life Insurance Riders Drive Your Coverage

    http://www.investopedia.com/articles/pf/07/life_insurance_rider.asp
    ... is that in case your health state declines with increasing age, you will be able
    to apply for extra coverage without giving any evidence of insurability. ...

  • Series 6 - Exam Prep | Investopedia

    http://www.investopedia.com/professionals/series6/
    ... of time must the insurance company allow him to exchange the variable policy for
    a traditional whole life policy without additional evidence of insurability? ...

  • Series 6 - Exam Prep | Investopedia

    http://www.investopedia.com/professionals/series6/default.asp
    ... of time must the insurance company allow him to exchange the variable policy for
    a traditional whole life policy without additional evidence of insurability? ...

  • Series 6 - Exam Prep | Investopedia

    http://www.investopedia.com/professionals/series6
    ... of time must the insurance company allow him to exchange the variable policy for
    a traditional whole life policy without additional evidence of insurability? ...

  • Series 6 Question of the Week 06/05/2005 | Investopedia

    http://www.investopedia.com/professionals/QuestionoftheWeek/series6/060505.asp
    ... of time must the insurance company allow him to exchange the variable policy for
    a traditional whole life policy without additional evidence of insurability? ...

  • Series 6 Question of the Week 06/05/2005 | Investopedia

    http://www.investopedia.com/professionals/questionoftheweek/series6/060505.asp
    ... of time must the insurance company allow him to exchange the variable policy for
    a traditional whole life policy without additional evidence of insurability? ...

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