Guaranteed issue insurance policy. What is it anyway?
Guaranteed issue insurance policy guarantees you will be accepted regardless of your medical condition. But expect to pay higher premiums if you have a terminal illness. You can have up to $25,000 dollars in coverage to protect your family and your loved ones.
No medical exam is required with a guaranteed issue insurance policy. But you may be asked if you are a smoker or non smoker.
Your premiums will remain the same for the term. The death benefit will also remain the same throughout the term and will not go up. Regardless of any additional changes in your health or as you age. Your policy cannot be cancelled by your insurance provider once your premiums are paid.
How does a guaranteed term life insurance policy differ from a whole life policy?
A whole life policy covers you for your whole life, has higher premiums, a cash value and a required medical. Guaranteed term life insurance on the other hand does not accumulate a cash value and has a level death benefit. I endorse universal life insurance products over whole life products and you can learn more about universal life insurance product in my article by clicking on the link. For a free no obligation quote for guaranteed term life insurance without having to fill out pages and pages of forms like the other insurance quote sites, simply click here to fill out the free quote form and receive your quote instantly. Get your quote, hassle free and it only takes minutes to complete.
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