Certain people can solve their problems with guaranteed-issue life insurance. If you're one of these people, it's most likely a bad purchase.
Guaranteed issue insurance is a type or whole life insurance policy that does not require you to answer any health questions. Instead, you can undergo a medical exam. You may also hear it called guaranteed life insurance, guaranteed acceptance life insurance, or just guaranteed life insurance.
You must be at least 18 years old to qualify for this type. It all depends on who you work for. Usually, it is between 50-60 years of age.
Working with an agent who can shop the market on your behalf for life insurance is crucial for those with medical conditions. Experienced agents can help you find the best life insurance companies based on your health history.
Are you worried about getting a medical examination to get life insurance? You're not the only one. For some, the process of applying for life insurance and undergoing medical examinations can be overwhelming. They may feel anxious about having their blood drawn and needing to undergo a paramedical evaluation. This article will discuss guaranteed issue life insurance. It may be useful to you in deciding what policy is right for you.
This type of insurance is for people with medical conditions that make it difficult or impossible to purchase other types of insurance.
It is also known as guaranteed acceptance insurance.
Guaranteed-issue life insurance offers the advantage of not being turned down. It is extremely easy to use, as it doesn't require you to answer any medical questions.
Your age, hobbies, and other factors will all affect the price of your policy. Guaranteed-issue life insurance policies, however, have fixed prices depending on your age.