Sentences with phrase «guarantee acceptance of other»
Not exact matches
The level of employer contribution will also play a role in determining other important features such as guaranteed acceptance.
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Just keep in mind that guaranteed acceptance insurance is significantly more expensive than other types of life insurances, since the insurer collects no health information and therefore assumes you're a high insurance risk.
«Guaranteed 48 hours Fund Value release» means release of the cheque on intimation of death of Life Insured towards the Fund Value accrued under your policy, in the beneficiary's name within 48 hours and does not in any way indicate acceptance of any other policy liability.
One of the other options for life insurance coverage is to buy a guaranteed acceptance life insurance policy.
Guaranteed acceptance policies should only be taken by people who can not get any other type of policy, period.
These policies are similar to other life insurance policies, except that with a guaranteed acceptance policy, the insurance carrier will accept an applicant for coverage, regardless of his or her health condition.
Other than the obvious benefit of definitely being approved, guaranteed acceptance life insurance can be whatever type of life insurance you want.
Unlike other forms of life insurance, guaranteed acceptance life insurance has some limits onto how much coverage you can get.
Other types of no medical exam life insurance, such as guaranteed acceptance life insurance, require no sort of medical information, although the amount of benefits may be more limited.
2) If you can't qualify for other types of life insurance, we'll compare all the top guaranteed acceptance life insurance companies based on your age, coverage amount desired or budget and present you the best option.
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.
«Guaranteed 48 hours Fund Value release» means release of the cheque on intimation of death of Life Insured towards the Fund Value accrued under your policy, in the beneficiary's name within 48 hours and does not in any way indicate acceptance of any other policy liability.
Following the same formula of other whole life policies, guaranteed acceptance life insurance policies will build cash value over time, for the coverage length desired, for as long as you pay the premiums.
Guaranteed acceptance insurance is a pricey option but one worth considering because of its ease of approval for those who might not qualify for other policies, are a senior citizen or have chronic health conditions that would disqualify you from fully underwritten coverage.
The other caveat with guaranteed acceptance life insurance for seniors is that the limited coverage you can buy will probably cover only end - of - life or funeral expenses.