GUARANTEED ISSUE INSURANCE
No matter your stage of life, there is a life insurance solution that fits your and your family's needs. There is no "one size fits all" product that solves every need. This is where the experts can help.
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What is Guaranteed Issue Life Insurance?
Some of us have very serious health issues. And sometimes life insurance companies won't insure us because of our health history.
They take a risk every time that they issue a policy. We all know that death is going to happen, but the risk is how soon the company will have to pay the agreed upon death benefit.
This can be kind of crass to think of, but it's just the reality. Now, for those of us with major health conditions, there is still a solution for coverage. This is called Guaranteed Issue or Guaranteed Acceptance Policies. The way this works, is you apply, there are no health questions, and you are approved. Oftentimes these are the policies you see advertised on TV through Colonial Penn, Mutual of Omaha, or Globe Life to name a few.
Now what's the catch? Well the catch is that these policies have a two year waiting period. Where-in they will not pay out the full amount, but instead only pay back what was paid in premiums with a little bit of interest added on top.
We would all prefer day-one, no waiting coverage, but sometimes it isn't possible. This is where these types of policies come into play. We will be able to advise you on if this is the route we need to go.
Click "Get Me The Best Price" to have us reach out to you for more information!
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