Sentences with phrase «only guaranteed issue life insurance plan»
Not exact matches
If you do not want to take a paramedical exam, and you do not want to do a simplified issue plan, then your only other alternative is a guaranteed issue life insurance plan.
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In many instances, guaranteed issue life insurance will only have just a few questions to answer on the application for coverage — and, because there are no medical underwriting requirements to contend with on the policy, these plans can typically be issued within just a few days.
Even though guaranteed issue life plans may be a solid option for anyone that's been declined for life insurance policy or has major health issues, never assume that they are your only option.
Guaranteed issue life insurance plans are a unique form of coverage, and they are an excellent option for insurance protection for anyone that has been declined in the past, but in most cases, they should only be used as a last resort for life insurance.
They generally have two sections: Section 1 would have what we call Knock Out questions; if you have any YES answers then you would only be eligible for a Guaranteed Issue Life Insurance plan.