Since a funeral costs around $ 10,000 on average, guaranteed issue insurance should provide a large enough death benefit if you just want to take care of final expenses. (valuepenguin.com)
However, if you want enough coverage to send a child to college or pay off a mortgage, guaranteed acceptance insurance won't provide a large enough death benefit. (valuepenguin.com)
However, it's not a large enough death benefit to cover a mortgage or provide income replacement for an extended period of time. (valuepenguin.com)