Life Insurance Guaranteed Issue?

What is guaranteed issue life insurance?

It’s a type of life insurance plan where the person applying for coverage cannot be turned down.

These are usually life insurance policies that offer a small amount of life insurance up to $20,000 of coverage, and provide graded death benefits, meaning you will not have full coverage until you have been insured  by the policy for at least two years. That’s how the insurance company can guarantee your acceptance even if you have health problems.

Since your acceptance is guaranteed, your rate will be much higher than you would pay for life insurance if you were healthy and were taking a medical exam to qualify for coverage.

With guaranteed issue life insurance there is no health exam required and there are no health questions asked.

Some plans start for as little as $10 per month for a small amount of life insurance coverage.

Here’s how you can learn more and compare life insurance guaranteed issue plans online.

Advertisements

About termlifeonline
Thanks for visiting my blog. I write for several insurance blogs and for Term Life Online. I have more than 20 years of insurance experience.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: