Insurance companies made qualifying
for guaranteed issue policies easier for seniors by not requiring that they take a medical examination or answer any health - related questions.
It is advisable to
purchase guaranteed issue policies only of you can not qualify for simplified issue policies because premiums are much higher and the face amounts are lower.
Your alternative is to purchase a simplified issue or
guaranteed issue policy as explained below, if you can't qualify for a traditional policy.
A
true guaranteed issue policy will not deny you no matter what type of cancer you have, where you are in your treatments, or what your health is.
As with all of our company and
guaranteed issue policy reviews, we cover the strengths and weaknesses of the company and the high - risk product they offer.
What
makes guaranteed issue policies risky is that, because of the high premium cost and low coverage amount, you could pay more in premiums than your beneficiaries will see in death benefits.
These are three simplified issue and
guaranteed issue policies designed only to take care of your final expenses so that your loved ones won't become financially at risk after your death.
Your other options for life insurance coverage would be to apply for a final expense or
guaranteed issue policy which do not required medical exams or health questions