What is life insurance with guaranteed acceptance?
It's a type of life insurance plan that guarantees your approval for coverage - that means you cannot be denied coverage due to any health issues.
Basically, it means, if you meet the age requirements for acceptance, you cannot be turned down.
These plans may be available for people ages 45 to 85, depending on the insurance company offering the plan.
In addition, with guaranteed approval you will not have to take any health exam or answer any questions about your health.
However, since everyone who meets the age limitations gets approved, there are some drawbacks of these plans, including the maximum amount of coverage available may be limited to $25,000 and you may not have full death benefits until you have been insured by the life insurance policy for two years.
Here's how to learn more about
how guaranteed acceptance life insurance policies work.
