What Is Guaranteed Issue Life Insurance?
Guaranteed issue life policies are designed for people 45-85 that have serious health conditions. They may have been denied or will be denied coverage on standard or simplified issue policies. Common examples of these conditions are congestive heart failure, and chronic obstructive pulmonary disease (COPD).
These policies are whole life, and they do not ask any medical questions. Everyone 45 or older is accepted. Your coverage starts immediately, but because these policies are designed for people with serious health conditions, and no questions are asked, do not pay the full benefit if a death occurs within the first two years. The company will refund all premiums that were paid, plus a percentage on top of it.
Why Do You Need Guaranteed Issue Life Insurance?
If you have pre-existing health conditions, such as congestive heart failure or chronic obstructive pulmonary disease (COPD), it can be challenging to qualify for traditional life insurance policies. Guaranteed issue life insurance offers coverage without any medical exams or health questions, ensuring you can still obtain financial protection for your loved ones.
Guaranteed issue life insurance is designed to cover funeral costs and other small outstanding financial obligations that may be left behind after your passing. By having this coverage in place, you can provide your family with the necessary funds to manage these expenses and avoid placing a financial burden on them during a difficult time.
One of the primary benefits of guaranteed issue life insurance is that acceptance is guaranteed for anyone aged 45 or older. Regardless of your health condition, you have a strong chance of qualifying for coverage. This accessibility makes it an essential option for individuals who have been denied coverage elsewhere.
How Can Porter Insurance Professionals Help?
Our experienced team at Porter Insurance Professionals understands the intricacies of guaranteed issue life insurance. We will provide you with expert guidance and explain the policy details, coverage limits, and premiums associated with this type of coverage. We will ensure you have a clear understanding of the benefits and limitations of the policy options available to you.
Navigating the application process for guaranteed issue life insurance can be overwhelming. Our team will assist you with completing the required paperwork, submitting the application, and addressing any questions or concerns you may have along the way. We strive to make the process as smooth and straightforward as possible.
Contact Us
Call us today at 1-844-300-0011 to set up a consultation. You can also reach us here.