Sentences with phrase «guaranteed issue policies because»

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.

Not exact matches

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

Because of this, some people may want to consider guaranteed - issue or simplified - issue life insurance policies.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

Guaranteed issue life insurance is sometimes referred to as a «last resort»; because the insurer really has no idea about what they're insuring, guaranteed policies are very expensive and the death benefits are usually less than what you'll get with other insuraGuaranteed issue life insurance is sometimes referred to as a «last resort»; because the insurer really has no idea about what they're insuring, guaranteed policies are very expensive and the death benefits are usually less than what you'll get with other insuraguaranteed policies are very expensive and the death benefits are usually less than what you'll get with other insurance types.

If you don't qualify with them because of some other health condition, your only option at that point would be a guaranteed issue life policy with Gerber Life.

With guaranteed issue life insurance policies, because there is no medical exam or underwriting, insurance companies have no information other than the applicant's age and gender on which to base the premiums.

It is important to note that because the applicants for guaranteed issue life insurance are typically those who have health issues, the premiums for these policies are much higher than those of traditional life insurance plans.

This is because guaranteed issue policies are designed for a specific purpose, which is to pay for funeral expenses.

In many instances, guaranteed issue life insurance will only have just a few questions to answer on the application for coverage — and, because there are no medical underwriting requirements to contend with on the policy, these plans can typically be issued within just a few days.

Guaranteed issue individual life insurance can be a last resort if you've been turned away from every other policy because of your age or your health.

Guaranteed issue life insurance is a type of policy designed specifically for those who, because of their health, may have difficulty gaining approval for a more basic type of life insurance policy.

This means that there is no blood and urine testing to worry about — and because of the no medical exam process, oftentimes, an applicant who has certain health issues will still be able to qualify for coverage, such as with a guaranteed issue life insurance policy.

Guaranteed issue life insurance policies are best suited for those who have progressive MS because the policy is guaranteed to be issued regardless of healGuaranteed issue life insurance policies are best suited for those who have progressive MS because the policy is guaranteed to be issued regardless of healguaranteed to be issued regardless of health status.

The cost of the plans is usually high because guaranteed issue life insurance policies do not rely on medical information to set premiums.

The ease of approval and lack of underwriting makes guaranteed issue life insurance ideal for seniors who may be charged higher rates for other types of policies because of their age or health.

Guaranteed - issue life insurance policies are easier to apply for, but they also tend to be more expensive because the insurance assumes greater risk.

This is because, due to the fact that there are no medical records to review and no medical exam results to wait for, a guaranteed acceptance life insurance policy can be approved and issued very fast — sometimes even on the same day that you apply for the policy.

Unless you're avoiding a traditional policy because you don't want to take the medical exam, then a guarantee issue plan should be the last resort for insurance coverage.

Because the policy will likely be a guaranteed issue, non-underwritten policy, you'll pay even more than you would for a properly underwritten policy.

Some older life insurance shoppers might look at simplified issue or guaranteed issue life insurance policies, which don't require a medical exam, because they're afraid a traditional life insurance policy will be too expensive.

Guaranteed issue life insurance is sometimes referred to as a «last resort»; because the insurer really has no idea about what they're insuring, guaranteed policies are very expensive and the death benefits are usually less than what you'll get with other insuraGuaranteed issue life insurance is sometimes referred to as a «last resort»; because the insurer really has no idea about what they're insuring, guaranteed policies are very expensive and the death benefits are usually less than what you'll get with other insuraguaranteed policies are very expensive and the death benefits are usually less than what you'll get with other insurance types.

Those who are denied from traditional coverage because of their hypoglycemia can look into several alternatives, including a guaranteed issue life insurance policy.

And the answer is because a guaranteed issue life insurance policy isn't going to require a medical exam or ask any health - related questions.

These people do have an option because there are life insurance companies that will write a guaranteed issue life insurance policy for them.

We can not help you get a guaranteed issue policy with Mutual of Omaha because they only sell it direct to consumer.

Because there are not any medical exam results to review by the insurance company's underwriters with a no medical exam or a guarantee issue policy, this type of coverage can often be approved and issued much more quickly than a medically underwritten plan — in fact, in some instances, these policies can be issued within just a few days, or even on the same day of application.

Because those who apply for no medical exam and guarantee issue coverage are often riskier to the insurance carrier — due in large part to potential adverse health - related issues — the amount of the premium that is charged will usually be higher than that of a regular life insurance policy.

Guaranteed issue life insurance is a popular policy among seniors because of their no questions asked slogan.

There are a couple of pros of buying a guaranteed issue life insurance policy because let's face it, this type of life insurance is a life saver!

If you answered «Yes» to any one of questions 2 - 4 you should probably try finding another route because the company won't be offering you a policy (perhaps a guaranteed issue would suit your needs — read more below).

Because of this, some people may want to consider guaranteed - issue or simplified - issue life insurance policies.

The reason why we ask this question first is because, if a client is only looking for about $ 25,000 in coverage, sometimes, it makes sense to first take a look at what is called a guaranteed issue or simplified issue life insurance policy.

Another advantage that can often get overlooked when looking at many guaranteed issue life insurance policies is that because these types of graded death benefit policies aren't going to ask about tobacco use, if one does use tobacco, a guaranteed life insurance policy may be a less expensive alternative to an insurance policy that would penalize them for their tobacco use.

You don't have to worry about not getting coverage because with a guaranteed issue life insurance policy you will be able to get coverage guaranteed!

The reason why we ask these two questions first is because if you're only looking for about $ 25,000 dollars in coverage, and you're over the age of 45, there's a really good chance that you might be eligible for what is called a guaranteed issue life insurance policy that would allow you to qualify for coverage without having to answer any medical questions or take a medical exam!

A guaranteed issue policy is perfect for those who suffer from heart disease, diabetes, any type of cancer, or simply bad health because if you try to apply to a traditional life insurance policy you will find yourself getting denied with any of these conditions.

Just because you can qualify for a guaranteed issue life insurance policy doesn't mean that you should run out and buy one!

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.

If someone in their 40's purchases a guaranteed issue policy, it is most likely because they have a serious health condition and are considered uninsurable.

At the end of the day, because guaranteed issue is always an option, there is virtually no health issue you could possess where you could not get a policy.

This is because guaranteed issue policies do not come with a medical exam, or even a medical questionnaire.

Guaranteed issue life insurance is also commonly referred to as a «final expense» or «burial» policy, because this is primarily what the insurance benefit is used for.

In most cases like these (excluding some less aggressive myelodysplastic syndromes), clients may find it necessary to pursue a guaranteed issue life insurance policy that won't require the applicant to take a medical exam or answer any health related questions in order to qualify, simply because they will not be eligible for any type of life insurance policy which would require them to «medically» qualify.

Just because you have portal hypertension doesn't mean you have to give up your dream of having life insurance, it just means that you'll need to take a look at what are called guaranteed issue life insurance policy.

You may need to consider a guaranteed issue life insurance policy simply because these «types» of life insurance policies will not require you to take a medical exam or answer any health - related questions.

Now we ask these two questions first because if you're only looking for about $ 25,000 dollars in life insurance coverage, and you're over the age of 45, there's a really good chance that you might be eligible for what is called a guaranteed issue life insurance policy which would immediately simplify matters since we wouldn't need to ask any additional questions regarding your health!

Guaranteed issue life insurance policies are great life insurance options for those with serious pre-existing medical conditions because guaranteed issue life insurance policies are life insurance policies that aren't going to require an individual to take a medical exam or answer any health - related medical questions in order tGuaranteed issue life insurance policies are great life insurance options for those with serious pre-existing medical conditions because guaranteed issue life insurance policies are life insurance policies that aren't going to require an individual to take a medical exam or answer any health - related medical questions in order tguaranteed issue life insurance policies are life insurance policies that aren't going to require an individual to take a medical exam or answer any health - related medical questions in order to qualify.

Guaranteed issue life insurance policies have hefty premiums, are usually only issued for short periods of time, and there are circumstances where, because of the expense, they may actually wind up costing you more than your beneficiaries receive upon payout.

Because of this, guaranteed issue life insurance comes with some drawbacks, that are not generally found in traditional term or whole life insurance policies, which one would need to be able to qualify for «medically».