Sentences with phrase «guaranteed acceptance coverage as»
There are many other funeral insurance companies that offer the same exact guaranteed acceptance coverage as AARP, but charge much less for it.
https://choicemutual.com/
Waiting periods are fairly standard for guaranteed acceptance coverage as insurers want to avoid large payments in the case terminally ill patients sign up.
Waiting periods are fairly standard for guaranteed acceptance coverage as insurers want to avoid large payments in the case terminally ill patients sign up.
Not exact matches
Guaranteed acceptance policies are typically whole life insurance policies, meaning they offer coverage for your lifetime so long as you continue to pay premiums.
A type of life insurance known in the industry as guaranteed acceptance life insurance provides individuals with guaranteed coverage, no matter what the state of their health.
If you can qualify for a final expense policy (most can), this is better than a guaranteed issue policy because it's less expensive and you have coverage day 1... as opposed to a 2 year waiting period that guaranteed acceptance life insurance has.
Final expense insurance policies are expensive as they usually don't require a medical exam or are «guaranteed acceptance,» meaning you can't be turned down for coverage.
And often times, those who call us for guaranteed acceptance life insurance might not even need it as many «final expense» companies take some pretty high risks which will be less expensive than buying a guaranteed acceptance life insurance policy AND you'll get first day coverage instead of waiting for 2 years before the full benefits kick in.
As with the guaranteed acceptance life insurance coverage, the premiums that are charged for simplified issue policies will typically be much higher than those of regular coverage due to the higher risk applicants that apply.
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.