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Fast (6 Questions!), Easy, Instant Approval, No Paramed Exam!
If you would prefer to avoid the pain, hassle, and intrusiveness of having someone stick a needle in your arm to take blood, and then hand you a cup and request a urine sample, apply for this low-cost life insurance plan and get approved within 2 minutes.
The application is very fast, and within minutes you can be printing out a copy of your policy, knowing that you are fully insured and that your loved ones will be taken care of if lightning strikes in the next few minutes!
This program is ideal if you:
- Don't like needles
- Don't want someone snooping in your blood and urine
- Don't have time to mess with a paramed exam
- Want to get this taken care of so you can move on to other things
How to Choose a Plan and Apply
Choosing a life insurance plan is simple. First decide how much coverage you want - $50,000, $100,000, $250,000, up to $500,000 in most states. Then decide how long you want the coverage to be in force - 10, 15, 20, or 30 years (20 year term is most popular). Your premiums will not go up for this entire period of time.
Simply answer 6 yes/no questions, put in your credit card info, click submit, and you're done! In most cases you will receive an email back within minutes confirming your coverage.
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OPTIONAL RIDERS
There are two optional riders that you can add to your plan. The
ACCIDENTAL DEATH BENEFIT RIDER: This doubles your benefit for death due to an accident.
WAIVER OF PREMIUM RIDER: This waives premiums for the base policy and all riders if the insured becomes disabled for at least 6 months.
Please click the instant quote button above to see the complete terms and conditions of this plan and the optional riders.
UNDERWRITING REQUIREMENTS
Getting approved for the HSBC Smart Life Insurance Term policy is simple. You will be asked seven questions. If you answer yes to any of the questions, your application will be declined. If you answer no to each of the questions, your height and weight are in acceptable range, and you do not partake in any "Risky Activities or Occupations," then HSBC will perform a quick (less than 60 seconds) check of your MIB (Medical Information Bureau) file, as well as your prescription history. If your MIB file and Rx check does not conflict with your answers to the health questions on your application, your policy will be instantly issued, and you will be able to save and print a copy of your policy from your own computer.
Application Questions
The main health questions asked are as follows:
- In the past 10 years, have you been advised to have treatment for, or have you been treated for or consulted a physician or other practitioner for any of the following: heart or coronary artery disease or disorder, stroke, peripheral vascular disease, cancer, diabetes, hepatitis C, cirrhosis, pancreas disease or disorder, emphysema or chronic lung or pulmonary disease (COLD or COPD), alcohol or drug use?
- In the past 5 years, have you been hospitalized for the following: chest pain, high blood pressure, asthma, depression, manic-depression, other mental or nervous system disorder, connective tissue disease, paralysis, seizure, anemia, or kidney or liver disease or disorder (excluding kidney stones)?
- In the past 2 years, have you had your driver's license revoked, suspended or been convicted of reckless driving, driving without a valid license or for driving while under the influence of alcohol or drugs (DWI, DUI)? Or have you had more than 2 moving violations in the past 12 months? Or have you been convicted of a felony?
- In the past or next 12 months, have you engaged in or do you plan to engage in risky activities, extreme sports or have you flown a plane other than as a commercial airline pilot? Or are you engaged in a hazardous occupation that exposes you to the risk of loss of life?
- Have you been diagnosed as having AIDS, AIDS Related Complex (ARC), or any other disorder of your immune system or have you had a positive HIV test?
- Are you currently hospitalized, or in the past 12 months have you either been hospitalized for 5 or more consecutive days, or were you unable to work for more than 5 consecutive days other than for childbirth? Or have you been advised to have, or are you awaiting results of non routine medical tests or procedures?
Please note that some states have state specific questions that are slight variations of above. There is also a qualification question about being a U.S. Citizen.
Height and Weight
You must fall in the following ranges (for both male and female) to be eligible for this coverage:
Risky Activities and Occupations
The application will also ask about your participation in "risky activities and occupations." Those who engage in hazardous hobbies may not consider them hazardous, but an underwriter may feel differently. Most states have their own definitions of what is considered to be "risky," however the following list can be viewed as a general guideline.
Examples of Hazardous Sports:
- Motor racing
- Scuba diving to more than 60 feet, in caves, under ice, in ship wrecks, at night
- Sky diving
- Mountain climbing
- Parasailing
- Ultra-light flying.
- Hang-gliding
- White water rafting
- Base jumping
- Para-kiting
- Helicopter skiing
- Ballooning or bungee jumping
- Racing in any motorized vehicle on land or water
- Rock climbing or mountain climbing
Examples of Risky Occupations:
- Aquanatics
- Astronautics
- Chemical-biological weaponry
- Blaster or explosives handling
- Explosives transportation
- Structural iron worker
- Construction cableman
- Crop dusting
- Tunnel, subway or shaft construction under compressed air
- Smokestack, chimney, steeplejack or flagpole worker
- Fire fighter in explosive or munitions plant
- Smoke jumper
- Oil or gas well or offshore oil rig worker or fire fighter
- Circus trapeze or wild animal trainer
- Jockey, horse or mule breaker
- Lumber boomman, faller, raftman, rigger or topman
- Underground mining or firefighting
- Open pit or surface mining
- Radium or uranium mining
- Bartending where liquor is the primary source of income
- On-the-job exposure to hazardous materials including asbestos, acids, silica, toxic fumes, dangerous chemicals, harmful mining materials.
If any information provided by the applicant DOES NOT meet the underwriting guidelines mentioned above, a declination page will automatically appear.
Automatic declines will generate if:
- Applicant's height/weight is outside of underwriting guidelines
- The product is not available in the applicant's residence state
- Applicant's age is out of underwriting guideline range
If a decline screen is generated, then this Term Insurance product is not available to you at this time.
Beneficiaries
You may name anyone as beneficiary. The beneficiary does not need to be a U.S. citizen. You may only name one beneficiary at the time of application. Once the policy is in force, the beneficiary name can be changed and/or additional beneficiaries can be added by completing appropriate paperwork.
Payment Methods
There are two options:
- Electronic Funds Transfer from Bank Account
- Credit Card/Debit - VISA, MasterCard, American Express and Discover accepted
NOTE: If you live in the state of Kansas, a direct bill option must be provided, upon request.
Customer FAQs
Q: What type of insurance is this?
A: This is Term Life Insurance, the type that many financial experts recommend to provide the highest amount of coverage at the lowest cost. With this plan, your rates are level meaning that they will not go up for the full term of the policy. At the end of that term, you have the option to renew the policy at the rates that apply at that time.
Q: Does this policy require a medical exam?
A: The policy does not require a medical exam. HSBC does, however, ask several health-related questions and reserve the right to verify your responses through various sources, including the medical information bureau (MIB). Any incorrect information on your application could also lead us to cancel your policy.
Q: Do the Rates Go Up?
A: No. The rates are guaranteed to remain level (or the same) for the original term of the policy.
Q: Can I Change a Beneficiary?
A: A beneficiary may be changed at any time. When the policy is initially issued, you will receive a Welcome Kit in the mail (also an additional copy on-line) and it will provide you the information you need to change beneficiaries.
Q: How will I be billed?
A: The premiums can be conveniently charged to a credit card of your choice (MC, Visa, American Express or Discover), or directly deducted from your checking account based on the billing mode selected. Direct billing (mailing a check for payment) is not an option.
Q: Can I cancel?
A: Yes, you can cancel at any time. From the date that you are covered, you have 30-days to review your policy and cancel for a full refund of the premium paid during the first month. You can also call at any time after that to receive instructions about submitting your cancellation request in writing, and there will be no future billing of premium.
Q: How do I cancel?
A: You may call us at any time to receive instructions about submitting your cancellation request in writing.
Q: When is coverage effective?
A: You are covered once your application has been approved and signed, the MIB report has been checked, and your credit card or checking account has been billed.
Q: What is the Medical Information Bureau?
A: It is a confidential, not-for-profit database used by insurance companies throughout North America. HSBC utilizes it to conduct a quick check of the medical information provided on your application to ensure that there is nothing in the database that conflicts with the answers you have provided to us.
Q: I am currently pregnant. What weight should be provided (pre-pregnancy or current)?
A: We request your weight immediately PRIOR to the current pregnancy.
Q: If I am a U.S. citizen that later leaves the country, am I still covered?
A: Yes. As long as you were a U.S. citizen when coverage was elected, you would be covered.
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