Guaranteed Issue Life Insurance
Cover Your Final Expenses
EVEN If You Have Pre-Existing Health Conditions
Guaranteed Issue Life Insurance makes it’s easier than ever to get protection you can count on regardless of your health. Even if you have diabetes or your a long term diabetic on insulin you can purchase life insurance.
You are approved with guaranteed issue life insurance, starting at less than $10 per month. No medical exam or health questions. Apply in minutes over the phone. Call 228-875-5545 to apply today!
There are NO Medical Exams, and depending on the company, very few medical questions to answer. Guaranteed Issue Life Insurance policies typically offer graded benefit periods, meaning if death occurs the first two-years of the policy offer a return of premium plus interest is offers.
If you have been refused life insurance or cannot find coverage due to medical history, hazardous employment or a dangerous hobby, you should consider guaranteed issue life insurance. Often referred to as burial or final expense policies, simplified issue and guaranteed issue life insurance policies can pay your final expenses.
Rates are typically guaranteed to never go up for as long as you are insured and your premiums are paid when due. These plans are typically whole-life policies, so they build guaranteed cash values within the plans. However, some companies offer term insurance as guaranteed issue, primarily with group plans.
With this type of policy you don’t have to spend your precious time worrying about how to pre-pay your final expenses. Thus you can spend more time enjoying life with the people you know and love. A guaranteed issue life insurance policy can give you peace of mind while protecting your loved ones from the burden of outstanding debts you may leave behind.
Help Lift the Burden of Final Expenses from Your Loved Ones with a Guaranteed Life Insurance Policy
The average price of a funeral can reach over $10,000. And, if you qualify, Social Security only provides a one-time death payment of $255. If the unexpected occurs, your family could also be faced with a funeral bill and other expenses that they may find difficult to pay at a time when they are suffering most from grief and loss.
With a Guaranteed Life Insurance policy, you can have the peace of mind that comes from knowing you’ve planned ahead to ease the burden of final expenses.
Often marketed to seniors or the elderly, guaranteed issue individual life insurance plans can insure most anyone, with no medical examination. Many companies also offer simplified or final expense life insurance, where the insured must answer medical history questions, but are not required an examination.
Simplified issue life insurance is available those who are reasonably health with very little underwriting. Get coverage with heart issues, sleep apnea, prior cancer and other sicknesses or illnesses.
Because guaranteed issue life insurance policies do not rely on medical information to set premiums, the costs can be higher. Insurance companies offer lower rates to customers who can prove they are in good health through a medical exam. Because there is no medical exam or underwriting, insurance companies have no information other than the applicant’s age and gender on which to base the premiums.
Guaranteed Issue Life Insurance
Guaranteed Issue Life policies are typically designed to provide for funeral or final expenses, so most companies are only willing to offer a policy with a face amount of no more than $15,000 to $25,000.
The biggest differences between Guaranteed Issue and Final Expense policies are medical questions when you apply and the graded benefit period.
With Final Expense policies, simple health related questions qualify or disqualify you from coverage as there is simple underwriting.
Guaranteed Issue plans typically have a 2-3 year waiting period, or graded benefit. In other words, the full death benefit amount of the policy will be paid to the beneficiary after a specified period of time from the issue date of the policy.
Graded benefit periods prevent fraud and from having people apply while on their deathbeds. If death occurs prior to the end of that period of time the beneficiary receives a return of paid premiums plus interest. Once that period of time has passed, the full death benefit amount is paid to the beneficiary upon the death of the insured. Final Expense plans typically have first or next day coverage.
At Legacy Insurance Agency we represent the some of the nation’s leading carriers of guaranteed issue life insurance or similar plans. Depending on your resident state, death benefits of $5,000 to $50,000 may be available.
You can apply for Guaranteed Issue Life Insurance directly over the phone in many cases, so you never have to leave the comfort of your home.
Call 228-875-5545 to apply today!
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*Issue ages 50-80. Less than $10/month is for 50 year old.
Frequently Asked Questions
Do I need Life Insurance? If someone relies on your financial support, Life insurance may be helpful. These policies are designed to help your loved ones pay for your final expenses, such as funeral and burial costs, medical bills, or other consumer debts.
Do I qualify? If you are between the ages of 50 and 80, you cannot be denied coverage for health reasons. You won’t be required to take a medical exam or answer any health questions.
Will my insurance coverage decrease? No—your coverage amount is guaranteed, and will never decrease for the life of your policy. As long as you pay the premiums, the carrier will not cancel your policy. If you have taken a loan against your policy, it will decrease your cash value and death benefit until it’s paid back. If it’s not paid back before you die, the death benefit paid to your beneficiaries will be reduced by any outstanding loan amounts.
How can I use my Life Insurance policy? The funds are for your beneficiaries to use as they see fit. For example, they may use the proceeds of the policy to pay for expenses such as funeral and burial costs, medical bills, or other debts. The policy builds cash value that you can use for a loan or cash withdrawal if you need it later in life.
Will my premiums increase? Your premiums are guaranteed to remain level and will not increase for the life of your policy.
How can I use my policy’s cash value? The decision to purchase life insurance should be based on long-term financial goals and the need for a death benefit. Life insurance is not an appropriate vehicle for short-term savings or short-term investment strategies. While the policy allows for loans, you should know that there may be little to no cash value available for loans in the policy’s early years. Access to cash values through borrowing will reduce the policy’s cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability.