You can typically purchase coverage if the child is at least two to three weeks old and just need to
answer some health questions instead of having your kid undergo a medical exam.
Guaranteed issue (or «guaranteed acceptance») life insurance is unique in that it does not require an applicant to undergo a physical examination or
answer health questions for approval.
This policy does not require you to
answer health questions in order to qualify and is available for people as young as 40, which is unique.
Remember, every life insurance company has their own underwriting guidelines and pricing, which is why it's very important to
answer the health questions as accurately as possible.
You can typically purchase coverage if the child is at least two to three weeks old and just need to
answer some health questions instead of having your kid undergo a medical exam.
Applicants don't have to take a medical exam, but they do have to
answer health questions for term life and for some whole life policies.
If you're willing to
answer health questions about yourself or haven't yet reached 50, Colonial Penn offers traditional whole life insurance as an alternative to their Guaranteed Acceptance Program.
If you still need coverage after your term life policy expires, your carrier may offer the option to convert it to a permanent life insurance policy — without taking a new medical exam or
answering health questions again.
The limited underwriting usually requires that the insured
person answers some health questions, and attests that no material changes in health have occurred since the policy was underwritten.
What happens if you are healthy and don't
mind answering health questions and don't mind taking a free exam done right at your home and don't really want a cash value policy, but do want it guaranteed for life?
If you're willing to
answer health questions about yourself or haven't yet reached 50, Colonial Penn offers traditional whole life insurance as an alternative to their Guaranteed Acceptance Program.
Even with health issues, the average older person (65 +) can generally get life insurance policies for half the cost with a lifetime level premium guarantee (AARP term insurance goes up every 5 years), by
simply answering the health questions and taking an exam.
Even with health problems, the average older person (65 +) can generally get life insurance for half the cost with a lifetime level premium guarantee (AARP term insurance goes up every 5 years), just
by answering the health questions and taking an exam.
If you have any medical problems or things you think a life insurance company may find questionable, then you should go for a Kemper Senior Solutions life insurance policy that does not require you to
answer health questions as a prerequisite for underwriting.