There's a large variety of guaranteed
acceptance life insurance policies out there that won't require you to disclose any medical information, you just need to know where to look!
Not exact matches
If you feel your health will cause you to not pass the traditional medically underwritten
life insurance policy, there are other options
out there such as a guaranteed
acceptance life insurance plan.
But it comes with a drawback when you are looking for a term
policy without medical exam as you will be proposed a guaranteed
acceptance life insurance which is one of the most expensive plans
out in the market.
One of these is the fact many guaranteed
acceptance life insurance policies will not pay
out the full amount of the death benefit if the insured dies within the first two years of owning the
policy.
You're most likely going to have to apply for a guaranteed
acceptance life insurance policy, which has a built - in 12 to 24 month waiting period before full benefits would pay
out.
If you do decide to buy a guaranteed
acceptance life insurance policy, you will want to check
out the
insurance company's customer service record through consumer organizations such as J.D. Power & Associates and its financial strength rating through
insurance rating organizations such as A.M. Best.
Most guaranteed
acceptance life insurance policies will generally require that the
policy remain in place for at least 2 years before it will pay
out due to death from a natural cause.
If you're considering a Mass Mutual guaranteed
acceptance life insurance policy, please contact us by filling
out the form on the side or calling us.
As we just pointed
out, the cost of a guaranteed
acceptance life insurance policy should also be considered as a «potential» disadvantage because when compared to other more traditional types of
life insurance policies.
In general, most guaranteed
acceptance life insurance policies are going to be small, usually «maxing
out» at around $ 25,000 dollars in coverage.
Now on some occasions, we'll have folks go
out a purchase several guaranteed
acceptance life insurance policies from multiple
insurance carriers so that when combined, the overall
life insurance coverage can exceed $ 25,000 in coverage, but what these clients will quickly discover is that these types of
policies can be very expensive particularly when one considers the actual coverage amounts being offered.
Here at TermLife2go, we offer both «traditional»
life insurance policies as well as «alternative»
life insurance policies such as guaranteed
acceptance life insurance policies so all we need to do is figure
out what you wish to «achieve» by purchasing your
life insurance policy and then try to match you up with an
insurance policy that will meet your needs.
You see, what a graded death benefit does is protect an
insurance company from having to pay
out a guaranteed
acceptance life insurance policy during the first couple of years (generally 2 - 3 years) should the insured die from a natural cause.
Now you could be really sick, and you can still buy a guaranteed
acceptance life insurance policy, it's just not going to pay
out the death benefit if you die from «natural cause» unless you
out live the graded death benefit wait period.
There are many types of
life insurance products available from various
insurance companies,
out of which the term
insurance has got the major
acceptance from people, as it gives good benefits on return to the
policy holders.