Guaranteed Issue Life Insurance
A guaranteed issue life insurance policy is issued
regardless of the insured's health history. These plans offer a graded
death benefit for the first two or three years of the policy.
These
graded death benefit life insurance policies offer individuals with
serious health issues that make them uninsurable and
unable to obtain life insurance at standard rates, an opportunity to
obtain permanent non-participating whole life coverage on a guaranteed
issue basis.
Recently, some insurance
companies have begun to offer guaranteed issue policies as term
insurance plans also. These plans lock in the rates for a specific
term of 10 or 20 years and usually cost less than permanent whole life
policies.
Death benefits under these policies are limited
in the event of death from other than accidental causes during the first
two or three policy years, depending on age at issue, and the company
selected.
Are these Guaranteed Life
Insurance Plans Costly?
The first step should
be to find out if you can qualify for a graded death benefit plans that
asks only a few, usually less than 10 questions.
If you are not
currently hospitalized or had a heart attack in the last 1 or 2 years,
completed cancer treatment over a year or two ago (and a few other
conditions) you will be eligible for plans at half the cost of someone
being currently treated in the hospital or suffering from cancer or some
other illness that gives you a life expectancy of less than two years.
Many people are
surprised when they talk with us that despite some real serious issues
(diabetes, COPD, and obesity for example) we are able to get them
qualified for a plan that has NO waiting period.
As independent
brokers we work for our customers, not the insurance companies. So
our job is to get you the least expensive plan that provides you with
the most benefits.
Buying Guaranteed
Life Insurance should be done from an established company with a solid
reputation and the skills and services of an agency such as ours will be
of significant value.
Put us to the test
and give us a chance to earn your business.
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Graded Death Benefit Quotes
Please complete this form to get the best quotes for
Graded Death Benefit Guaranteed life coverage.
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