In general,
most guaranteed acceptance life insurance policies are going to be small, usually «maxing out» at around $ 25,000 dollars in coverage.
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.
Not exact matches
Unlike
most life insurance policies, there are no health questions when applying for
guaranteed acceptance insurance and you don't have to take a medical exam.
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.
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 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.
With that,
most applicants should not get a
guaranteed acceptance life insurance policy.
With
most guarantee issue
life insurance policies, the only stipulation for coverage
acceptance is payment of the premium.
Perhaps one of the
most beneficial features of a
guaranteed acceptance life insurance policy is that it can be whatever you need it to be, term
life or permanent.
At GuaranteeIssueLife, we believe in finding the
most affordable
guaranteed acceptance life insurance policy that has the right features for you by shopping across the top rated companies on the market.
A
policy that is popular nowadays for senior citizens goes by a few names,
most commonly
guaranteed whole
life insurance and
guaranteed acceptance life insurance.
Within
most if not all
guaranteed acceptance life insurance policies, there will be a clause written into the
policy that is known as a Graded Death Benefit.