Sentences with phrase «while guaranteed issue life insurance policies»
While guaranteed issue life insurance policies are great in that they will basically insure anyone who is a US citizen and is between the ages of 40 - 85 (not all guaranteed issue life insurance policies are offered in all states), they do come with their own set of DISADVANTAGES that one needs to be fully aware of before considering purchasing a guaranteed issue life insurance policy.
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It's important to understand that while guaranteed issue life insurance policies can be a great option for many, the «ease of qualifying» will come at a price.
It's important to understand that while guaranteed issue life insurance policies are great for those that can only qualify for these types of life insurance policies, they do have their disadvantages as well.
Let us briefly point out that while a guaranteed issue life insurance policy (if available in your state) is really only going to have two requirements:
Not exact matches
While guaranteed issue life insurance is ideal for people whose health disqualifies them from coverage under a more traditional policy, don't assume this is the case in your situation.
While it may be expensive, you'll get a higher death benefit and better terms than if you purchased a guaranteed issue life insurance policy.
Which means that while you probably won't be able to qualify for a Standard or better life insurance rate, at least now you'll have a pretty good chance at getting approved for a traditional term or whole life insurance policy and won't have to settle on purchasing a guaranteed issue life insurance policy if that isn't the right policy for you!
While it may be more expensive, it is still worth having a guaranteed issue life policy over having no life insurance coverage at all.
So while «yes» folks who are currently receiving dialysis to treat their chronic or end stage kidney failure, can qualify for a guaranteed issue life insurance policy, only having access to $ 25,000 in coverage may simply not be enough to meet a clients needs!