Guaranteed Issue Life Insurance (No Health Questions)

Written by AssuranceLife.org

Guaranteed Issue Life Insurance is a type of whole life insurance plan where your approval is guaranteed. ALL who apply will be accepted. Guaranteed issue life insurance plans are quick and easy during the application process. The application process takes less than 10 minutes from start to finish. ALL Guaranteed issue life insurance plans don’t ask ANY health questions on the application and also NO medical exams or background medical checks are done. Guaranteed issue life insurance plans are also sometimes called: no health questions insurance, no health questions burial insurance, guaranteed life insurance, guaranteed acceptance life insurance and guaranteed issue whole life insurance. All these terms are the same and once again you are guaranteed approval and WON’T be turned down. Plus, just because they are named differently they ALL are still Whole Life Insurance plans. Call us at 800-517-0810 and we can find you the best guaranteed life insurance policy possible.

Benefits of Guaranteed Issue Life Insurance Plans

  •         Whole Life Insurance – good for your WHOLE LIFE
  •         Policy can’t be cancelled to due age or health
  •         Your monthly payment will never increase
  •         Your acceptance is Guaranteed
  •         Death Benefit won’t decrease
  •         Face Amounts up to 25,000
  •         Approval for clients ages 50-85

Who should purchase a Guaranteed Issue Life Insurance plan?

Assurance Life offers Guaranteed Issue Life Insurance to clients who have severe health conditions. However, we offer Guaranteed Issue Life Insurance plans as a last resort because these plans cost more and all have a waiting period. Our goal is always to get our clients approved with life insurance plans that start immediately without a waiting period. In fact, we do this about 90 percent of the time. If you have any of the health conditions listed below you should consider a Guaranteed Issue Life Insurance plan:

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  •         Currently on oxygen
  •         Currently on dialysis
  •         Currently receiving hospice care
  •         Currently have cancer
  •         Currently confined to a wheelchair
  •         Diagnosed with Alzheimer’s Disease

Do Guaranteed Issue Life Insurance plans have a waiting period?

ALL Guaranteed Issue Life Insurance plans have a mandatory waiting period on the payout of the death benefit. For most plans the waiting period will be two years but can be as high as three years. So what does this mean? This simply means, your death benefit won’t be paid out if you pass away during your waiting period. Most plans WILL give you all your money back (ROP – Return of Premium) plus some interest, often at a rate of 10 percent. After your waiting period is complete, the full death benefit would be paid out to your beneficiary of choice. Also, if death occurs during the waiting period because of an accident, most companies will pay out the full death benefit.

Do Guaranteed Issue Life Insurance plans cost more?

Unfortunately guaranteed issue life insurance plans are more expensive than plans without a waiting period for clients in better health. This is why it’s VERY important to look over any solicitation you receive in the mail very carefully. Remember…. If it doesn’t ask ANY HEALTH QUESTIONS, you WILL pay more and have a waiting period. Once again, our goal is always to try to get you approved for immediate coverage without a waiting period. Unfortunately, sometimes your health conditions won’t allow this. This is where a Guaranteed Issue Life Insurance plan is beneficial. YOU SHOULD ONLY BUY THIS TYPE OF PLAN IF THIS IS YOUR ONLY OPTION BECAUSE OF HEALTH. Assurance Life will work hard to make sure the best option for your burial insurance is found. Here are a few guaranteed issue life insurance carriers that we represent:

Best Guaranteed Life Insurance Companies

AIG – (American International Group)

aiglogo

Founded in 1919
Headquarters – New York City, New York
A.M. Best Rating – A

 

AIG Best Underwriting Strengths (Guaranteed Issue)

  • No Health Questions
  • Covers ALL HEALTH CONDITIONS
  • Acceptance is GUARANTEED

 

AIG Best Policy Features (Guaranteed Issue)

    • Face Amounts up to $25,000
    • Age coverage 50-85
    • Easy online application process
    • Chronic Illness Acceleration Benefit
    • Low Premiums for Guaranteed Issue

aiglogo4

 

Brief Company History of AIG

American International was founded in 1919. AIG is the 87th largest public company in the world with over 50,000 employees. Currently AIG headquarters is in New York City but have offices in over 80 different countries. AIG has total assets totaling over 498 billion reported in 2017. AIG is definitely our best burial insurance companies for guaranteed issue life insurance.

 Guaranteed Issue – Whole Life Insurance

Guaranteed Issue Plan:

  • Death Benefit: 2 year waiting period – 110% of premiums paid within first 2 years. Full death benefit paid after 2 years. (Accidental Death full face amount)
  • Issue Age: 50-85
  • Face Amounts: $5000-$25,000
  • Available in 49 States (Not available in NY)
  • Easy Online Application
  • Chronic Illness Acceleration Benefit

AIG Sample Rates

MaleMaleFemaleFemale
Age5,00010,000Age5,00010,000
5026.9651.925018.9235.83
5529.2556.505520.9339.86
6032.5863.176023.5745.14
6537.5573.096528.2654.51
7047.5793.147036.2170.41
7563.25124.497548.9195.82
8088.57175.158068.56135.12

More information on AIG

Gerber Life Insurance

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Founded in 1967 (Life Division)
Headquarters – White Plains, New York
A.M. Best Rating – A

Gerber Life Insurance Best Underwriting Strengths

  • No Health Questions
  • Covers ALL HEALTH CONDITIONS
  • Acceptance is GUARANTEED

 Gerber Life Insurance Best Policy Features (Guaranteed Life Product)

    • Face Amounts up to $25,000
    • Age coverage 50-85
    • Easy online application process
    • Payment options – Checking, Savings or Credit Card
    • Low Premiums for Guaranteed Issue
    • Available in 49 States (Not available in MT)

Brief Company History of Gerber Life Insurance

gerberlogo

Gerber Life Insurance was founded in 1967. It is headquartered in White Plains, New York. Gerber Life Insurance is now licensed to provide life insurance in ALL of the US, Canada and Puerto Rico. Gerber currently has over 3.3 million policies in force totaling over 45 billion dollars. Gerber Life Insurance is one of the largest direct marketed life insurance companies in the United States. Gerber another best burial insurance companies for guaranteed issue life insurance.

Guaranteed Life – Whole Life Insurance

Guaranteed Life Insurance Plan:

  • Death Benefit: Graded Death Benefit -2 year waiting period – 110% of premiums paid within first 2 years. Full death benefit paid after 2 years. (Accidental Death full face amount)
  • Issue Age: 50-85
  • Face Amounts: $5000-$25,000 (only $15,000 in SD)
  • Available in 49 States (Not available in MT)
  • Easy and Simplified Application Process

Gerber Sample Rates

MaleMaleFemaleFemale
Age5,00010,000Age5,00010,000
5022.5044.095017.6934.47
5529.4357.935522.6044.28
6032.4063.896025.9951.06
6543.0485.166531.7662.61
7050.0599.187038.2375.53
7570.22139.527554.54108.17
80124.12247.328088.64176.37

More information on Gerber

Why you should always use an Independent Broker?

All this insurance stuff is hard to keep up with for most individuals. What company should I buy from? Which type of plan? How much coverage should I get?  The insurance industry changes daily it seems. However, Assurance Life does this EVERYDAY. Our agents help individuals are experts in finding the best affordable life Insurance to help pay for your final expenses. We are licensed agents and we have got you covered.

So why should you use an Independent Broker? Using an independent broker saves you time and money. It’s that simple. Do you like to save money? Are you currently on a fixed income? We have access to over 25 of the nation’s leading burial insurance companies. This allows us to shop ALL our companies against each other and find you THE BEST RATES. Plus, Assurance Life will always be sure to find you the RIGHT coverage based on your health issues. Why would you want a policy with a waiting period if we can get you approved without one? The reason we have so many companies we work with is because each company will view your health conditions completely different. One medication could mean something different to one company compared to another. This could limit your coverage and cost you thousands if not placed with the RIGHT company and the RIGHT plan.

So having access to numerous companies solves this problem.  Once again, our goal is always to first get you approved for coverage with no waiting periods and lower rates when possible. Allow Assurance Life to save you money and find the right guaranteed life insurance plan to cover your final expenses. Contact us at 800-517-0810 to speak directly to one of our licensed agents about guaranteed issue life insurance plans. Guaranteed acceptance life insurance plans are perfect for those with severe health conditions.

About AssuranceLife.org
About AssuranceLife.org

Assurance Life works with individuals nationwide to secure the best life insurance rates. With access to top rated insurance companies, we always find the lowest rates regardless of medical conditions, age, or budget.

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