Is there life insurance that offers guaranteed approval for coverage?
Yes, there are guaranteed acceptance life insurance plans that will issue life insurance for anyone who meets their criteria for approval. Usually, with guaranteed issue life insurance you have to be a certain age, for instance, from age 45 to 75 or age 50 to 80, to get guaranteed approval.
With guaranteed issue life insurance your health doesn't matter, and even if you have been turned down for life insurance from other insurance companies, you can still get insured.
However, there is a way they insurers do it to make sure they don't lose a ton of money insuring all those people who can't get insured anywhere else. It's called a graded death benefit. What this means is you won't have immediate full coverage, but after being insured for 2 years, if you die your beneficiary will get the full death benefit. If you die less than 2 years after purchasing your guaranteed issue life insurance plan, the beneficiary will only get a portion of the death benefit.
Here's how you can learn more and request a free quote for
life insurance guaranteed issue coverage today.
