Those who may not qualify for other types of life insurance due to a health concern could still get life insurance protection with … Have a licensed True Blue agent shop for you, at no-cost and no-obligation. Advertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. As long as you pay your premiums, your coverage cannot … The plan also gives the applicant the option for a guaranteed acceptance life insurance no waiting period coverage. Guaranteed acceptance insurance is life insurance that does not require a medical exam or health questions in order to be approved for coverage. If you pass away during this period of time due to a natural cause, such as a disease or heart attack, your beneficiaries won’t get the full death benefit. When you finish reading this article, you’ll know whether this type of life insurance is right for you or not. These plans are sometimes called guaranteed acceptance plans, too. Guaranteed life insurance. You will not be turned down for coverage regardless of health condition. Guaranteed acceptance life insurance, also called guaranteed issue or GI life insurance, is typically a whole life insurance policy with a limited death benefit. However, there are still a lot of options that you can take advantage of if you are a senior. ","vendor":"vp"}, {"disclosureMessage":" \u003Cp\u003EAdvertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. {"buttonText":"Find Insurers","customEventLabel":"","defaultProduct":"life","defaultZip":"","hideTitle":false,"id":"QuoteWizardQuoteForm--171","isAgeFieldVisible":true,"isDeltyForm":false,"isInsuranceTypeFieldVisible":true,"isInsuredStatusFieldVisible":true,"quoteWizardEndpoint":"https:\/\/quotes.valuepenguin.com","showTrustMessage":"true","style":"dropshadow","tier":"default","title":"Find Cheap Life Insurance Quotes in Your Area","trackingKey":"_life-insurance_guaranteed-acceptanc","trustMessage":"No spam. Read the reviews of people that used True Blue for their insurance needs. You can shop online, or we can assist you in finding the best policy, from the best company, based on your situation. With Guaranteed Issue Whole Life, not only can you get the life insurance benefits you’re looking for, you’ll get to utilize AAA Life Insurance Company’s quick-and-easy guaranteed acceptance process. After all, it is a benefit that will offer your loved one's financial assistance if you pass away. Compare quotes for policies that could pay out a lump sum to take care of loved ones. Helps your family take care of medical and funeral costs, rent or mortgage payments, unpaid bills and more. AIG Direct offers policies for $5,000 to $25,000 in insurance for individuals ages 50 to 85. There are very few health questions to qualify. Guaranteed Acceptance Life Insurance is designed to appeal to older Americans who want to make sure that when they die there is ample money for their heirs to pay for a funeral, and any outstanding bills, such as medical bills. There are many people out there inquiring about getting a life insurance policy without having to take a medical exam or answer any medical questions. Coverage may decrease or end if the organization drops the coverage. Aaron Udel was very helpful and had all the information I needed. There’s no medical exam or health questionnaire to evaluate. Get quotes from these life insurance providers and more. For guaranteed issue life insurance, age plays a major role in determining if you even qualify at all. With this policy, you cannot be denied coverage due to health reasons. If you’re in good health, with an uneventful health history, you will save money getting a. For example, a $250,000, 20-year term life insurance policy for a woman in her 60s costs, on average, $908 per year. #3 Great Western: Great Western Life Insurance Company offers the highest coverage amount limit of $40,000 ($48,000 in some scenarios), for individuals between ages 40 and 85. However, most guaranteed acceptance products do have a graded benefit duration of 2 years. Which alternative is best for you depends on your age and your health. She made the experience of shopping for insurance manageable and not pressured or stressful. With a traditional life insurance policy, you’ll wait weeks to get life insurance, or even month. It’s typically best for seniors or those who can’t qualify for a traditional life insurance policy. Maxime is a Director at ValuePenguin focusing on the insurance industry. For example, the typical max coverage for a guaranteed issue plan is $25,000, with some exceptions going up to $40,000. He made it much easy for me to decide. Guaranteed acceptance life insurance, also called guaranteed issue or GI life insurance, is typically a whole life insurance policy with a limited death benefit. Best of all, acceptance is guaranteed. It’s a whole life policy, just like guaranteed issue, meaning as long as you make the premium payment, you’ll stay insured. The big come-on is the guaranteed part: there’s no medical exam. Guaranteed acceptance life insurance is more expensive to other alternatives. If diagnosed with a serious health condition, such as cancer, you will be high-risk for many years to come. Sponsored by. It’s a type of life insurance that’s generally available for individuals between ages 50 and 85. Some companies issue your policy as fast as the same day with no waiting period. As with other whole life insurance policies, guaranteed issue policies will build a cash value over time and coverage lasts as long as you continue to pay the premiums. If only everything was this simple! The most common reason to be considered high-risk is primarily because of your health, or health history. Not to be confused with simplified issue or no exam life insurance, guaranteed issue does not require you to participate in a health interview (although a few questions are sometimes asked). However, you might worry that a pre-existing illness or other extenuating circumstance might disqualify you from getting coverage. Nikki was very helpful and explained the entire process. There are no medical exams or health questionnaires to complete. Consequently, if you are in good health you could save a lot of money going with a final expense life insurance policy instead. Instead, they will receive your paid premiums + 10%. Additionally, there are no medical examinations or health questions to answer. No hassle. Term life insurance is by far the most popular life insurance choice for ages 55 or younger. Lastly, there’s hardly any underwriting delay. The group coverage is owned by the master policyholder, and members receive certificates of participation. Usually, the bigger the case, and the a lot more serious the occurrence, the bigger as well as much more intense the taking place examination, including cops and also insurance provider private investigators. 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As the name suggests, a guaranteed issue life insurance policy (also called a guaranteed acceptance policy) provides life insurance coverage regardless of your health, or financial history. Guaranteed acceptance life insurance is typically for individuals between 40 and 85 years old. Guaranteed issue life insurance (also called guaranteed or guaranteed acceptance) is a kind of whole life insurance. Depending on the term policy and coverage amount applied for, there will be a medical examination. It is often the last resort for those who can’t qualify for other kinds of life insurance policies due to their medical issues, and who don’t have the option to buy life insurance through their workplace. It’s a type of life insurance that’s generally available for individuals between ages 50 and 85. It is important to mention that while your policy can be active the same day, there will be a graded benefit period. The application process is easy and fast. Guaranteed Acceptance Life Insurance might be just what seniors over age 55 are looking for if you want to skip the medical exam, and the health questions and get quick coverage approval. A guaranteed life insurance policy is always whole life insurance. As a result, the underwriting process is simple and fast. It offers a higher coverage amount than guaranteed issue policies, up to $100,000. Get quotes. Guaranteed issue life insurance, or guaranteed acceptance life insurance, is a type of whole life insurance policy that does not require you to answer health questions, undergo a … Here are some of the pros and cons of guaranteed issue life insurance: A guaranteed issue life insurance policy is more expensive than other products. Even if you’re a senior citizen or have a pre-existing medical condition that would disqualify you from fully underwritten coverage, you should first try simplified issue life insurance. We truly believe we have made getting life insurance as fast and easy as possible. Guaranteed acceptance insurance is incredibly expensive for the amount of coverage you can purchase since the insurer is unable to collect or verify any information about your health. What Is Guaranteed Acceptance Life Insurance? This is primarily because there are no medical exams or health questions involved. In this article, we will discuss the guaranteed acceptance … Trustpilot. Guaranteed Life Insurance coverage ranges between a minimum of $1,000 in coverage to a maximum of $40,000. Typically, guaranteed acceptance life insurance is purchased by individuals who have serious medical conditions or terminal illnesses. Learn about True Blue, and why we’re different and better, since 1994. View news and press material about True Blue Life Insurance Company. Guaranteed issue doesn’t qualify you based on your health. Most cases have no waiting period and as a result, are processed within 15 minutes. Finally, Great Western’s guaranteed acceptance life insurance also includes two additional benefits: Guaranteed acceptance policies do not take long to go in effect, typically less than 48 hours. Guaranteed Acceptance Life is “guaranteed issue”. No need to worry. Unlike traditional life insurance, guaranteed issue life insurance … Call us at 1-866-816-2100 to speak to a friendly licensed True Blue agent. The sample rates below are for guaranteed issue life insurance for men (women pay 10% to 15% less on average): Ready to compare your guaranteed issue life insurance rates? #1 Gerber: If you are between the ages of 50 and 80, you can choose from $5,000 to $25,000 in guaranteed life insurance from Gerber Life Insurance Company. Guaranteed Acceptance Whole Life is a whole life policy except you cannot be turned down for your health. Compassionate Advance Living Benefit2 Guaranteed acceptance gives you coverage in hours. The big come-on is … ... 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