If you need life insurance with guaranteed approval, you may be wondering which is the best guaranteed issue life insurance company?
Guaranteed issue life insurers offer you the option of buying life insurance coverage even if you may have been declined before, or are finding it difficult to qualify for a life insurance policy due to your age or pre-existing health conditions.
There are many reasons people choose to buy a guaranteed life insurance plan, among the more common reasons are:
The above-mentioned factors may place you in a High-Risk category for life insurance. This means life insurance carriers may deny you coverage, charge you a higher price, and/or limit the amount of the life insurance available to you.
That’s why you may find yourself in need of life insurance with guaranteed approval.
Best Guaranteed Life Insurance Companies
In some cases, people who would be turned down for a life insurance policy are those who have medical issues. These people do have an option because there are life insurance companies that will write a guaranteed issue life insurance policy for them.
These life insurance policies do not require that applicants take a medical exam. Anyone in any situation can apply for this type of life insurance policy, and they are guaranteed to be approved, subject to the age requirements for acceptance.
Guaranteed issue life is a good option for people looking for life insurance who have been in the following situations:
The Two Main Types of Guarantee Life Insurance:
Graded Death Benefit Life Insurance is a type of life insurance policy that provides a limited amount of life insurance to begin with, and over time the amount of life insurance coverage will increase, either gradually before leveling off, or sharply before it becomes level.
For instance, a graded benefit life insurance plan that is guaranteed issued, may provide no coverage the first two years you own the policy, other than a return of premiums you have paid plus interest, but once you have been insured by the policy for two years, you will have full coverage.
Accidental Death Insurance is another form of guaranteed issue policy that provides instant protection from day one you are insured. There is no medical exam required and no health questions to answer when you apply for your policy.
And, accidental death policies allow you to buy up to $1,000,000 of life insurance protection online. However, the death benefit is only paid out if you die as a result of an accident.
Rates for this coverage are much lower than for regular life insurance or graded benefit life insurance plans.
Guaranteed Life Insurance Quotes
Top Pick – United of Omaha
United of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $3,000 up to $25,000 of coverage. Rates start as low as $8.80 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.
Highly Recommended – Met Life
MetLife offers guaranteed issue life insurance for people age 45 to 75. Choose $2,500 up to $20,000 of coverage. Rates start as low as $10 per month. There’s no medical exam and no health questions. You cannot be turned down.