You can learn more about the differences between simplified issue
vs guaranteed issue life insurance in our accompanying article.
It is important you understand the difference between simplified issue
vs guaranteed issue life insurance.
Not exact matches
Now we're not saying that what you pay month to month is going to be super expensive, but when you compare what you need to pay
vs the amount of coverage that you actually receive,
guaranteed issue life insurance products will generally be more expensive than other
life insurance policies which require you to «medically» qualify.
Second,
guaranteed issue life insurance policies can be pretty expensive when you compare the price you are paying
vs the actual amount of coverage you are receiving.
Now we're not going to say that
guaranteed issue life insurance policies are extremely expensive, however, when you compare how much you need to pay
vs how much
life insurance coverage you actually receive, what you'll find is that compared to traditional
life insurance policies,
guaranteed issue life insurance policies are going to be pretty expensive.
That is why it is important to understand the differences between
guaranteed issue vs simplified
issue life insurance.