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Guaranteed Life Insurance

Guaranteed life insurance is a type of insurance that you cannot be turned down or away for health or lifestyle choices. The only conditions that you need to be accepted to a guaranteed life insurance policy are being between the ages of 50 and 80. You will be accepted no matter your health history. Additionally, you will not be asked to complete a medical examination and there will not be a large amount of questions to answer. Most applications only take a few minutes and you can receive coverage from up to 25,000 dollars. Guaranteed life insurance policies build cash value that you can set aside for your future. The more time you hold your policy, the more cash value your policy will hold. Most life insurance companies will be sure your benefits will be guaranteed after the first 2 years of coverage.

Guaranteed life insurance coverage is a type of whole or permanent life insurance. It can cover you for your entire life. As it is a type of whole life insurance, your premium will never inflate. Guaranteed life insurance is best for individuals who are over 50 years old and are looking for acceptance no matter their health issues to assist in covering their funeral expenses and outstanding bills after they pass away. 

Guaranteed life insurance coverage works like any whole life insurance policy as it provides benefits to beneficiaries when you pass away. Sometimes this kind of life insurance coverage is helpful for individuals who do not qualify for other kinds of life insurance policies. 

The positive aspects of guaranteed life insurance include: fast and easy coverage in a matter of days, no medical examination necessary, and it is much easier to be accepted to receive a guaranteed life insurance policy. However, you cannot have as much coverage and it’s typically more expensive than other kinds of life insurance. 

Some companies offer additional features like the paid-up feature, which allows your payments to end after you are 95 years old and coverage will continue. Some life insurance providers offer a 30-day guarantee so if during the first 30 days of coverage you feel as though the policy is not for you, you can receive a refund. 

It’s important to note that you could end up paying more than your loved ones will actually receive because guaranteed life insurance has high premiums and a low coverage amount. Make sure you get multiple quotes and policy packages from different life insurance providers prior to signing up for guaranteed life insurance coverage. Shopping around can give you the information you need to make the best decision for you and your family. 

You can easily access a quote from life insurance companies through their websites or over the phone. If you don’t understand some of the terms or rules in the contract, be sure to ask and have a good understanding prior to signing. Protecting yourself by getting the best life insurance available to you is important. It will bring peace of mind for your loved ones financial future regarding your end of life costs and other outstanding bills. 

To get an instant quote online from any life insurance company that offers guaranteed life insurance coverage you will have to fill out some basic questions about yourself. This could include: your name, address, date of birth, gender, email, phone number, and coverage amount. 

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