Without Evidence of Insurability

Without Evidence of Insurability

A situation in which an applicant for life or health insurance does not present documentation indicating that he/she is sufficiently healthy to be sold a policy. Many policies do not require evidence of insurability, but others mandate a health exam prior to the policy's issue.
References in periodicals archive ?
The sample 20 year term life rates shown require initial medical underwriting and are also renewable, without evidence of insurability, to age 90+ as well as convertible to permanent insurance without having to undergo any further underwriting.
A SPO provides that, upon the death of the primary insured, the surviving beneficiary (the insured beneficiary) has the option at that time to purchase life insurance without evidence of insurability.
The rider also typically can be converted to a cash value plan later, without evidence of insurability.
This provision allows employees to continue their group term life insurance without evidence of insurability at comparable rates if they are no longer employed.
In summary, the IRS stated, "[W]e conclude that the conversion feature of the group policy, which allowed the continuation of life insurance coverage without evidence of insurability, is a benefit or privilege of a continuing nature.
Additionally, Nationwide YourLife(SM) Term Series may be converted - without evidence of insurability - to any level premium, level death benefit, permanent plan of whole life insurance currently offered by Nationwide at the time of conversion.
The sample 20 year term life policy is also renewable, without evidence of insurability, to age 90+ and convertible to permanent insurance without having to undergo any further underwriting.
New Guaranteed Exchange Privilege: ability to exchange up to the policy's specified amount to an accumulation type UL product without evidence of insurability or surrender charge
Owners may convert without evidence of insurability to a cash-value policy up to age 80.
ROP Term and LTG Ultra can be converted to a permanent life insurance plan of the company's choosing during the conversion period without evidence of insurability.
The four conversions can be accomplished expeditiously and without evidence of insurability.
Super Preferred and Super Standard ratings are now available, along with a new conversion privilege at the earlier of the level premium period or age 70 without evidence of insurability to any cash-value policy offered by The Principal at the time of conversion.