How to Buy Life Insurance Guaranteed Issue
Are You Looking To Buy A Guaranteed Issue Life Insurance Policy?
If so, you may find it’s easy than you thought to get your coverage.
In fact, some insurers allow you to get an instant life insurance quote and apply completely online for your guaranteed life insurance coverage.
And, you cannot be turned down for health reasons. Even if you have health problems you can purchase life insurance if you meet the age requirements for approval.
How Can Life Insurance Companies Offer Guaranteed Acceptance?
That’s a good question. Life insurers can guarantee you life insurance coverage by limiting the amount of coverage they make available to you, and charging a higher rate that healthy people would get for their policy.
In addition, the death benefits are graded the first two years you are insured.
What Does Graded Benefits Mean?
It means you won’t have full coverage immediately. But, after being insured for two years, if you pass away, your beneficiary will receive 100% of the life insurance death benefit.
If you pass away less than 2 years after buying your guaranteed life insurance, your beneficiary will receive the premiums you paid into your policy plus interest, or more depending on the life insurance plan you purchase.
How Much Guaranteed Life Insurance Can I Buy?
A life insurance guaranteed issue amount may be as much as $25,000. Most guaranteed issue plans offer from $2,500 up to $20,000 of life insurance protection.
Is There Life insurance For Seniors Guaranteed Issue?
Yes, in fact most guaranteed issue life insurance policies are for senior citizens.
Some plans offer guaranteed approval for people age 45 to 75, while other policies provide guaranteed approval for people age 45 to 85.
Seniors age 85 and under are guaranteed life insurance coverage and cannot be turned down due to their health.
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 – MetLife
MetLife offers guaranteed acceptance final expense 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. You can get a quote and apply online now.