This is an important distinction because many people are asked to pay a higher premium or are declined entirely for
other types of life insurance due to their occupations or activities.
In fact, guaranteed issue whole life specifically designed for those who can not qualify for
other types of life insurance due to their health issues.
For those who may not be able to qualify for
other types of life insurance due to health reasons, there is another potential option that could provide you with the life insurance coverage that you need.
Not exact matches
There are many different payment options available for
life insurance policies, but the number
of options for any particular policy may be limited
due to company policy, the
type of coverage and
other factors.
While many
insurance professionals aren't opposed to the idea
of term
life insurance (many are advocates
of it), complaints exist
due to the manner in which Primerica agents spread inaccurate information and accuse
other insurance professionals
of being «scammers» if they suggest any
type of coverage
other than term during a financial review.
Due to the heavily saturated advertising
of Term
life insurance on the internet, television and radio, most people don't even consider any
other type of life insurance products that are available on the market.
In
other words, variable universal
life (VUL) is a
life insurance policy
type in which the coverage amount can change
due to the investment performance
of the policies sub accounts.
Variable Universal
Life (VUL) is a life insurance policy type in which the face value fluctuates depending upon the value of the dollar, securities, or other equity products supporting the policy at the time payment is
Life (VUL) is a
life insurance policy type in which the face value fluctuates depending upon the value of the dollar, securities, or other equity products supporting the policy at the time payment is
life insurance policy
type in which the face value fluctuates depending upon the value
of the dollar, securities, or
other equity products supporting the policy at the time payment is
due.
Seniors have unique needs when it comes to
life insurance, and may find it difficult to purchase certain
types of policies
due to their age, health condition and
other factors.