Easy and Reliable Life Insurance, No Questions Asked

Guaranteed issue life insurance is a type of life insurance that offers coverage regardless of your health condition or age, making it an attractive option for individuals who may struggle to qualify for traditional life insurance policies due to a pre-existing health issue or advanced age.

Key Features:

• Guaranteed Acceptance

The hallmark of guaranteed issue life insurance is that it provides automatic acceptance without requiring a medical exam or health questionnaire. This makes it accessible to those with significant health issues or who are elderly.

• Limited Death Benefit:

The death benefit offered by guaranteed issue policies is smaller than those provided by traditional life insurance policies. Typical amounts range from $5,000 to $25,000, which is often intended to cover end-of-life expenses, such as funeral costs or small debts.

• Higher Premiums:

Due to the guaranteed acceptance feature, the premiums for guaranteed issue life insurance are typically higher than those for traditional life insurance policies. This is because the insurer is assuming more risk by not factoring in the policyholder’s health status.

• Waiting Period:

Many guaranteed issue policies include a waiting period (often 2 to 3 years) before the full death benefit is payable if the policyholder dies from natural causes. If the insured passes away during this waiting period, beneficiaries typically receive a return ofpremiums paid plus interest rather than the full death benefit. However, death from accidental causes is often covered from the start.