Guaranteed Issue Life Insurance
Guaranteed Issue Life Insurance also known as Guaranteed Acceptance Life Insurance is a life insurance policy that is guaranteed to be issued to anyone age 50 to 80 years old. Even if you’ve been turned down for life insurance, this policy will be issued. To learn more or receive a quote up to 30% less than Colonial Penn or Met Life call 1-800-657-7178.
Is burial insurance the best policy to help pay final expanses?
This type of life insurance policy can be taken out by anyone, regardless of health. The insurance provider will guarantee to provide you with a life insurance policy that will pay out a death benefit to your loved ones, in the event of your death.
How do I know if Guaranteed Issue Life Insurance is for me?
Guaranteed issue life insurance is typically available for anyone and can be particularly helpful if you have previously been turned down for traditional life insurance coverage. Where most other life insurance products require a certain level of health in order to provide coverage, guaranteed insurance typically does not which means that even if you have a terminal illness, you may potentially be able to secure life insurance coverage by this means.
As with all life insurance policies, there will be certain conditions applied to your guaranteed policy coverage. Typically your insurance provider will:
- Offer lower rates of pay out (death benefit) than standard life insurance coverage.
- Withhold the death benefit payment during the first two years of the policy. This is to protect the insurance provider from giving last minute benefit pay outs to those who are knowingly close to dying. In this situation, the insurance provider will typically offer a refund of premiums paid.
How does a guaranteed issue insurance policy compare cost-wise?
A guaranteed issue life insurance policy will tend to be beneficial to someone who is in poor health and cannot obtain a standard policy. It can also be helpful to someone with a terminal illness who is looking to provide the best that they can for their loved ones in the event of their death.
Generally, a guaranteed issue life insurance policy is issued as a last resort for those who are unable to obtain the coverage anywhere else.
Life Insurance policies with Living Benefits
Does your life insurance policy include living benefits? Benefits you don’t have to die to use. The best policies do. Call 1-800-657-7178 to find out why.