Those who can not
otherwise qualify for term life insurance would buy permanent life insurance.
Not exact matches
Today, FHA One to Four Family Mortgage
Insurance is still an important tool through which the Federal Government expands home ownership opportunities
for first time homebuyers and other borrowers who would not
otherwise qualify for conventional loans on affordable
terms, as well as
for those who
live in underserved areas where mortgages may be harder to get.
Also, if a medical condition or other factor prevents you from
qualifying for a
term life insurance policy, an accidental death and dismemberment policy can offer some measure of protection when you would
otherwise have none.
A 50 Year Old Male with high blood pressure, who is
otherwise in good health, would
qualify for the following 20 year
term life insurance rates:
So long as you are
otherwise healthy, you can
qualify for a
term life insurance policy or a whole
life insurance policy.
In fact, once treated, applicants who have been diagnosed with an aneurysm can typically
qualify for a traditional fully underwritten
term or whole
life insurance policy (provided of course, that they would
otherwise qualify for life insurance).
Without a conversion option, you might
otherwise struggle to
qualify for any coverage at all after your
term life insurance expired.