Acceptance coverage refers to the extent to which someone is willing to embrace or allow another person's differences, beliefs, or ideas without judgment or prejudice. It means accepting others for who they are, without trying to change or critique them.
Full definition
Waiting periods are fairly standard for guaranteed
acceptance coverage as insurers want to avoid large payments in the case terminally ill patients sign up.
While AARP's guaranteed
acceptance coverage offers competitive rates, if you aren't already a member, you shouldn't join the AARP to get access to this product.
With the guaranteed
acceptance coverage through Colonial Penn, if the insured dies within the first two years of coverage, then the amount of the death benefit paid out to the beneficiary will be reduced.
Waiting periods are fairly standard for guaranteed
acceptance coverage as insurers want to avoid large payments in the case terminally ill patients sign up.
While AARP's guaranteed
acceptance coverage offers competitive rates, if you aren't already a member, you shouldn't join the AARP to get access to this product.
If you are a senior specifically looking for no medical exam or guaranteed
acceptance coverage, the AARP does provide reasonable quotes for whole life insurance.
So, if you want enough coverage for your end - of - life costs (a funeral, for example, costs about $ 10,000), guaranteed
acceptance coverage should be sufficient.
This is because many of the applicants who purchase guaranteed
acceptance coverage are typically considered to be risky due to their health condition and / or age.
In addition, due to the added risk that an insurer take on by offering guaranteed
acceptance coverage, the premium that is charged for this type of insurance is usually higher than that of a comparable medically underwritten life insurance policy.
If you are a senior specifically looking for no medical exam or guaranteed
acceptance coverage, the AARP does provide reasonable quotes for whole life insurance.
Their guaranteed
acceptance coverage is ridiculously expensive relative to their competition
In the event you want or need guaranteed
acceptance coverage, we can still help you set that up with whichever carrier is cheapest for you.
So, if you want enough coverage for your end - of - life costs (a funeral, for example, costs about $ 10,000), guaranteed
acceptance coverage should be sufficient.
For instance, a 52 - year - old male applying for $ 15,000 in guaranteed
acceptance coverage will pay $ 67.00 a month.
Guaranteed
acceptance coverage is available to anyone who applies, just be prepared for a limited death benefit and expensive premiums.
Phrases with «acceptance coverage»