The adage “you can’t take it with you” is well known. But what if there was a way to guarantee that you always had access to your money? It’s true that having life insurance will allow you to pass away knowing that your loved ones are cared for.
Guaranteed acceptance of life insurance is the ideal option, whether it’s for their safety or just to assist them. With life insurance that is assured acceptance, we will accept anyone over the age of 50 without performing any medical underwriting.
In order for us to determine how much coverage would be ideal for your requirements, all you need to do is complete a questionnaire and email us some information about yourself. Due to our daily interactions with them, we are the only ones who truly know our applicants.
Call right away to request a quote.
What Does Guaranteed Issue Life Insurance Mean
How does insurance with assured acceptance operate? Let’s discover how!
Most people are aware of the significance of having life insurance coverage. Above all, it’s the only method to guarantee that whatever debts you may have do not pass to your family.
Furthermore, acquiring a coverage is the only way you can keep providing for them financially.
However, there are situations when a Guaranteed Acceptance Policy is the only option.
Finding the best provider for those looking for insurance with pre-existing diseases may be challenging. particularly if there is a significant health problem.
In reality, some persons with serious health problems find it difficult to obtain a straightforward term life insurance coverage.
For instance, this is brought on by a few health issues. such as unmanaged high cholesterol, unmanaged diabetes, or uncontrolled high blood pressure. Overall, the majority of the time, it’s due to a significant health condition like cancer, HIV, or severe CAD.
A customer might be viewed by life insurance providers as carrying an excessive risk.
even more so if unchecked.
Guaranteed Life Insurance Plans
If you have significant health issues and are not able to get life insurance we are proud to say we can help.
We are to provide guaranteed coverage to age 40 as well. These are guaranteed issue life insurance policies. These will come with a graded period of 2 years.
But these are guaranteed life insurance no medical questions asked.
What Does Guaranteed Whole Life Insurance Mean?
This type of policy closely resembles the average burial coverage. However, you will be paying a higher premium. In addition, there is a graded period. This period usually lasts for two years and/or three years depending on the carrier.
So it’s important to be sure which carrier you want to go with. Especially if a severe illness is diagnosed.
Guaranteed Issue Whole Life Insurance Carriers
Here are our top 3 guaranteed issue whole life policies, United Home Life Guaranteed Issue, Gerber Life Guaranteed Issue and our favorite, AIG Guaranteed Issue.
Here are the three products side by side:
- No health questions to answer
- No medical tests
- Guaranteed acceptance ages 50 to 85
- Face amounts from $5,000 to $25,000 available
- No Health Questions To Answer
- No Medical Tests
- Guaranteed acceptance ages 50 to 80
- Face amounts from $5,000 to $25,000 available
No Health Questions To Answer
- No Medical Tests
- Guaranteed Acceptance Ages 45-75
- Face amounts from $5,000 To $10,000 Available
These are guaranteed acceptance life insurance no waiting period policies!! Furthermore, a full death benefit is paid after the graded period and without going through medical underwriting!
What is Guaranteed Issue Term Life?
One of the greatest guaranteed issue term life insurance is offered by them. More reasonably priced than some of the top fully underwritten term insurance is their senior term graded benefit.
Indeed, in some situations less expensive than a coverage that calls for a physical or other form of health screening. Processing typically takes 3-5 business days.
In reality, this kind of policy will help with the burdensome medical expenditures left behind as well as burial and final spending costs.
- The 24-48-hour approval process for significant face amounts
A simplified RAPIDecision Express policy from Fidelity Life without a paper application. It is completed immediately over the phone for clearance. Just respond negatively to the nine questions.
- Life insurance with a level death benefit that is revocable until age 95
- Termination on the insurance anniversary following the insured’s 95th birthday Optional starting guaranteed level, premium term lengths of 10, 15, 20 or 30 years
- Beyond the initial level term and until the expiration date, guaranteed annual renewable term (ART) rates
It’s crucial to be aware of your alternatives for life insurance.
Best Guaranteed Issue Life Insurance Quotes
Above all, obtaining the lowest guaranteed issue life insurance is important because candidates with health histories may not be able to obtain regular coverage.
But, with options ranging from $5,000 to $25,000, that will pay either a burial or cremation with some money left over.
Here are some guaranteed acceptance life insurance cost from our top GI carriers. We will use a 55 year old female looking for $10,000 in coverage.
How does traditional coverage compare to guaranteed acceptance?
Guaranteed acceptance life insurance differs based on the insurance provider, just like all other types of life insurance. When choosing a plan, it’s crucial to compare as many as you can.
You can get some high-risk life insurance rates here if you believe you fit into the “high risk” category. You can submit an online life insurance application.
However we do advise speaking with a knowledgeable independent life insurance agent.
They are conversant with any health issues and will be aware of the top carriers.
No one size fits all when it comes to life insurance. Everyone is unique, therefore a knowledgeable agent will know how to steer you in the right direction. not only provide you with guidance, but also help you save money!
Also, you will save a lot of money by chatting with an agent that shops to numerous carriers AT ONCE!
additionally providing you with convenience and time savings!
WHAT DO I HAVE TO KNOW ABOUT GUARANTEED ISSUE LIFE INSURANCE
Just apply for guaranteed issue life insurance! SAME DAY COVERAGE!!
First off, applying for a guaranteed issue life insurance policy is easy and will guarantee approval. That is to say, unlike other types of plans, there is no requirement to submit to a physical examination or provide any sensitive information regarding issues like your medical background.
In actuality, there are two main motives for purchasing a guaranteed life insurance policy.
If you have serious health difficulties, you may be able to obtain a burial insurance policy or a straightforward coverage for burial or cremation.
- Just seeking ease or lack of fuss in the insurance application process.
- Another advantage is that there is a shorter waiting period—generally 2-3 years—before full payment.
It’s a good idea to have a backup plan in case something goes wrong. Following the “graded” time, there is no limiting advantage.
As a result, premiums may be much higher. The majority of the population in the United States have access to the Internet. Moreover, the policy owner has typically been rejected.
Although it is possible to purchase term life insurance without having to undergo a medical exam, the premiums are typically substantially higher.
But, guaranteed issue life insurance with no waiting period can be your only cheap option if you’re looking for coverage with a health condition like diabetes.
In some circumstances, this will also be regarded as special risk life insurance.
Guaranteed Issue Life Insurance Companies, BEWARE Of These Carriers!
Choosing a guaranteed acceptance life insurance no medical exam policy can be challenging. Our top picks, which were determined by price and grading intervals, have been briefly mentioned above.
Here are a few additional carriers that will target the senior market with last expense coverage.
- Up to $25,000 in permanent group life insurance is available via AARP Guaranteed Issue Life. These are only available to members. with affordable prices. Although MassMutual is a reliable brand and organisation, its prices are significantly higher than those of their rivals. They sell falsely and do not provide accidents during the graded period.
- Ages 45 to 75 can purchase MetLife Guaranteed Life Insurance for coverage amounts ranging from $2,500 to $50,000. Prices, however, are not as affordable as those of our top picks from earlier in this post.
- Colonial Penn’s prices are not competitive, despite the company having a respectable name. More than 40%, in some situations, than the best rates. They also engage in deceptive advertising by claiming to give Guaranteed issue plans for as little as 9.95/month while utilising celebrities like Alex Tribec. This is WRONG!
How old do you have to be to get a Guaranteed Issue Policy
Above all, it is crucial for consumers’ loved ones to be able to obtain life insurance whether they are ill or have a medical history. However, most carriers have a minimum age requirement. commonly 45 to 50.
At age 40, one of our carriers will provide a guaranteed issue life insurance policy. When compared to ordinary burial or final expense insurance, their rates range from 40 to 50, which is extremely competitive.
Great Western is the carrier. Their Guaranteed Assured Last Cost policy is available.
- Face Amounts $1,000-$40,000
- 110% Premiums paid for the first two years, Accidental from day 1
- Level premiums for life
- Spousal and Child riders
WHAT ARE THE PROS OF GUARANTEED ISSUE LIFE INSURANCE
As we’ve already discussed, the main attraction of guaranteed acceptance life insurance is that it accepts all applicants.
Regardless of how severely ill they are, even terminal!! These insurance also include immediate coverage for accidental death without a waiting time.
As a result, you won’t have to wait for the “graded” term of coverage, which lasts for two to three years.
Certain Acceptance You can choose between a term life policy and a permanent policy with term life insurance. This means that you can specify the duration of the coverage, for instance, a 20-year term life policy.
Also, applying for guaranteed acceptance life insurance is a lot quicker and simpler than for other kinds of life insurance.
Customers who require life insurance following a DUI occasionally may only have the choice of purchasing a guaranteed issue policy.
IS THERE SIMILAR DEATH BENEFIT WITH GUARANTEED ACCEPTANCE INSURANCE
In most cases, guaranteed issue insurance contracts involve a higher level of risk for the life insurance provider. Unlike a funeral policy or final expense life insurance for seniors. As a result, the death benefit will be considerably less.
You might expect amounts from $5,000-$50,000. Even if you might find certain businesses that provide greater payouts, the policy itself will probably be significantly more expensive. Customers are most likely to purchase elderly citizens’ assured life insurance.
HOW MUCH LIFE INSURANCE SHOULD I PURCHASE
When determining how much life insurance you should get, there are various considerations to take into account. The following is a list of some items you might want to be covered:
- Estimated funeral expenses
- college costs for kids
- Pay for your kids until they’re adults.
- substituting your salary
- mortgage on a home
Do Not Cut Corners When It Comes To The Amount Of Life Insurance You Get.
Your loved ones will inherit your debt if you don’t make the proper calculations.
For instance, they won’t receive financial support after your death. If you need assistance determining what you want covered, talk to one of our agents.
Inquire about the cost.
Use the following common guidelines to determine your personal target coverage level: Deducting liquid assets from financial commitments. Determine obligations:
Add your annual earnings (multiplied by the number of years you wish to replace your income), the balance on your mortgage, any other obligations, and any future expenses like tuition or burial bills.
TOP 4 GUARANTEED ISSUE LIFE INSURANCE CARRIERS
We understand that there are more than four companies that provide guaranteed issue insurance policies.
The top 4 assured issue carriers were selected for the following criteria. When compared to other firms, they provide the most affordable rates and have a graded benefit clause that is above average.
The scope of coverage varies.
Certain carriers might provide higher sums.
Ask your independent insurance agent, and they will direct you to the finest provider depending on your health-related inquiries, benefit levels, and coverage.
- Mutual of Omaha
- Gerber Life Insurance
- Fidelity Life
SHOULD I GET A GUARANTEED ACCEPTANCE LIFE INSURANCE POLICY
Explained: Guaranteed Acceptance Life Insurance
It varies. It is not advised if you are not a high-risk person and are in reasonable health. an an an an an an an a…
On the other hand, you might believe that you have a significant medical problem, like diabetes.
Then, perhaps this is your best choice.
Those over the age of 50 are often eligible for guaranteed issue life insurance.
senior persons with a life expectancy of 10 years or fewer.
those who have had or now have medical issues. That is frequently a person’s last option.
for people who don’t meet the requirements for other types of life insurance.
due to health problems or because they are unable to get life insurance via their work.
You can also require life insurance right now or decide against having a physical.
You might use this for life insurance policies with guaranteed issue.
But keep in mind that you should comparison shop to obtain the greatest deals. At this
We can help you with that, PinnacleQuote. There is no need for you to contact every business separately. We compare prices from the best businesses for you, giving you options immediately.
WHAT TO REMEMBER ABOUT GUARANTEED ACCEPTANCE ~ RECAP FROM ABOVE
Keep in mind that this is not for someone who is in good or excellent health but just does not want to respond to any health-related inquiries or take an exam. Remember that ALL guaranteed issue policies have graded benefits and that the maximum death payment is $25,000 per beneficiary.
With a graded benefit, your beneficiaries will not receive the death benefits you purchased if you pass away during the first two to three years of the policy’s issuance (unless the death was due to an accident). just the premium payment plus a little interest.
If you decide to go this path, let our knowledgeable agents at PinnacleQuote find you the best-guaranteed life insurance providers available.
WHAT SETS US APART FROM THE REST
Instead of the insurance companies, we work for YOU.
Death occurs daily. Everyday, the unexpected occurs! Making sure you are adequately protected is our responsibility. Also, we watch out that you don’t overpay! Also, YOUR FAMILY is financially supported and continues to run smoothly when you are away. They hold a special place in your life.
Your debt, medical expenses, mortgage, education costs, and other obligations won’t fall on them in the event of your accidental death thanks to life insurance.
Remember: You die and your salary with it.
Life insurance is perpetual. For your family, this is coverage for a very long time. The last approach to express your love is in this manner.
A fantastic approach to safeguard your family and keep them out of the difficult situation of having to handle any debts you may have is to purchase life insurance. But what if there was a simple, inexpensive life insurance provider that provided unique guarantees? We have the ideal solution for you, though! No matter how much danger you pose because of different reasons like your age or health concerns, it will be authorised because our service offers guaranteed acceptance life insurance products.
ABOUT YOUR AGENT AND OWNER OF PINNACLEQUOTE LIFE INSURANCE SPECIALISTS
Proprietor and agent at PinnacleQuote is Danny Ray. He has 25 years of ties with the best carriers and is an award-winning agent. Danny has also created more than 20,000 policies to date.
Danny is familiar with each and every underwriter at all of the major life insurance providers in the market. He wants to demonstrate to you the highest level of dedication possible throughout this procedure.
Monday through Friday, Mr. Ray works from 9 to 9. Weekly on call until 00:00. weekends with scheduled events. You won’t find another agent who works as passionately as they do. You want to see that level of commitment in your agent! Am I correct? The main objective of Mr. Ray is to make certain that you have the best options accessible to you. Moreover, be careful not to overspend! He provides excellent customer service!
Founder and independent agent Danny Ray
Your future is actually just as crucial to us! To assist you with your needs for retirement planning and future investing, we highly recommend a terrific website. Our top goal is your family’s safety and future, in addition to life insurance. For a variety of information, go to www.PocketSense.com!
Please feel free to get in touch with us at PinnacleQuote (855) 380-3300 if you have any queries.
CLICK HERE for further details on retirement planning or money management.
Lillian Monaco a part of this article.