How to Get No Questions Asked Life Insurance
Are you looking to buy a life insurance policy but you don’t want to take any health examination or answer any questions about your health?
If so, you’ve come to the right place. Now you can get insured with no exams and no health questions to answer.
It’s called "Guaranteed Issue" life insurance and what this means is that you cannot be denied or turned down for life insurance due to any health problems or chronic health issues.
Basically, you are guaranteed approval for life insurance coverage.
Features of No Questions Asked Life Insurance:
But, there must be some catch, right? I can imagine you’re thinking that right about now. And for good reason.
Yes, there are some limitations to guaranteed approved life insurance policies. After all, insurance companies are in business to make a profit, not lose money.
Limitations for Guaranteed Life Insurance:
Coverage Amount: Limits of coverage available up to $25,000
Age Requirement: Available for people ages 45 to 85
Graded Benefits: Limited death benefits the first 2 years insured.
What are Graded Benefits?
The main limitation of a guaranteed life policy is that your death benefits are graded the first two years you are insured. This means you won’t have full coverage until after you have been insured for two years.
If death occurs from natural causes (not accidental) during the policy’s first two years, the beneficiary will receive all premiums you paid plus 20 percent. Once the two year period ends, the beneficiary will receive the policy’s full benefit.
If the insured person passes away before being insured for at least two years, your beneficiary will only receive a portion of the death benefits, not the full coverage amount.
That’s how an insurance company can guarantee your approval for coverage, because they may end up insuring people who have major health issues and may likely pass away in less than a couple years.
Decisions to Make for Your Policy
Before buying your life insurance policy you should consider how much coverage you need and who you want to be the beneficiary of your policy.
A beneficiary can be a person, trust, charity, or estate who receives the policy benefit after the insured person passes away.
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.
Common Questions and Answers
Can the Insurance Company Terminate My Life Insurance Policy?
The insurance company cannot cancel your policy as long as the premiums are paid. In addition, the policy cannot be canceled due to any health changes.
Will My Premiums Increase in the Future?
Your insurance premiums will not increase in the future. The premiums do not increase as you age or if your health changes.