Affordable Life Insurance Protection for Your Family
Are You a Senior Citizen Looking To Buy A Life Insurance Policy With Guaranteed Approval?
If so, you’ve come to the right place.
But first, let’s review guaranteed coverage and how it works.
What Is Guaranteed Approval Life Insurance?
It’s a type of life insurance policy that guarantees your acceptance for coverage.
That means, even if you have been denied life insurance, or have turned down for health reasons, you can still get insured.
Life insurers are in business to make money, the older you are the higher the risk for life insurance, since the greater chance you have of dying, compared to younger applicants for coverage.
Many seniors with health issues look to life insurance plans with guaranteed acceptance for the protection they need in their older years. Get a FREE Quote now.
What Type of Life Insurance is Guaranteed?
Guaranteed approval policies are permanent life insurance which provide lifetime protection, as long as you pay your premiums on time.
Permanent life, also known as whole life insurance, provides a death benefit and may build up some cash value inside your policy over time, from which you may take a loan.
Are There Any Age Limitations For Approval?
Yes, there are usually minimum and maximum age limitations for guaranteed issue plans.
For example, some insurers offer guaranteed coverage for people ages 45-85, 45-75, or 40-80.
Mutual of Omaha offers coverage with guaranteed acceptance for people ages 45 to 85 years old.
How Much Life Insurance Can I Buy With Guaranteed Approval?
The amount of life insurance offered with guaranteed issue is usually limited to a maximum of $20,000. Some policies starts as low as $3,000.
Mutual of Omaha offers up to $25,000 of guaranteed life insurance protection.
Which Insurance Companies Offer Guaranteed Issue Policies?
There are several insurance carriers now offering guaranteed issue plans, including Mutual of Omaha, Gerber Life, Colonial Penn, MetLife and AAA Life, among others.
Can I Buy A Guaranteed Policy From More Than One Insurance Company?
Yes. Since guaranteed plans offer a limited amount of life insurance, you may have a need for larger amounts of coverage.
You may be able to purchase guaranteed insurance from more than one life insurer.
Can I Buy A Policy For My Spouse Or Partner?
Yes. If you are married or have a life partner, you have an insurable interest in your spouse. Insurable Interest is required in order to buy life insurance on someone else.
So, yes, you may be able to purchase a guaranteed policy on yourself and your spouse or partner.
What If I Change My Mind?
No problem. Each life insurance policy comes with a Free Look Period. This is like a money-back guarantee. It allows the policyholder to return the policy to the insurance company within a certain period of time after receiving the policy.
For example, one highly-rated insurer offers a 30-day Free Look Period. So, you have 30 days after starting your life insurance to return your policy to the insurance company for a full refund of all premiums paid.
Common Reasons Seniors Buy Guaranteed Approved Life Insurance
If you’re looking for a guaranteed approval senior life insurance policy there are several insurers to choose from for coverage.
Mutual of Omaha is one of the leading life insurance companies in the U.S.A. offering seniors age 45 to 85 up to $25,000 of life insurance protection with guaranteed approval.
Guaranteed Approval Senior Life Insurance Quotes
Top Pick – Mutual of Omaha
Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 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.