Can I buy life insurance coverage without a waiting period?

Yes, in fact, most life insurance plans have no waiting period before you have full coverage.

For instance, term life insurance and whole life insurance policies come with full coverage form the start of your policy.

However, guaranteed issue life insurance usually has graded death benefits, which means you will not have 100% (full) coverage until after you have been insured for 2 (or 3) years.

Guaranteed life insurance is the type that ...
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Are there life insurance plans available with immediate coverage, where you don't have to wait until you have full coverage?

Yes, there are instant coverage life insurance plans.

In fact, some no exam life insurance policies offer you instant coverage life insurance the same day you apply online, if you qualify for a policy. You acceptance is based on your answers to the health questions asked.

Other plans may require you to take a medical exam and wait up to several weeks before you have your f...
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