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.
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.