What Is Eoi For Life Insurance? 
EOI in life insurance stands for `` evidence of insurability '' . When you are taking an exam to get a life insurance , you are providing evidence of insurability . It is whatever is required to show that you are qualified to obtain that policy . When life insurance does not require EOI , that can make the policy very expensive , as in guaranteed issue life insurance , which has no evidence of insurability requirements . However , sometimes no EOI can be a perk . E.g Many term policies offer the opportunity to convert them to permanent policies without evidence of insurability . That is a perk , especially if your health deteriorates and you can not qualify for a new term policy . It is a double perk in that the converted permanent policy will be rated the same as your term policy was . 