Are you injured or permanently disabled? Have you been unable to buy life insurance or are you worried that you can’t get life insurance coverage? Before you lose all hope for life insurance options, be sure to work with an experienced agent to explore all of your options.
There are dozens and dozens of life insurance carriers on the market and different carriers cater to different kinds of people. Although a person who is totally or partially disabled will have a tough time finding affordable life insurance coverage, it is not impossible. It depends on many factors including your age, the type of disability, other health issues, and the amount of coverage you are seeking. Ultimately, your life insurance application will be reviewed by an underwriter who will take into account your entire situation.
Get a free life insurance quote today to find out what your options are. Make sure you are upfront with your agent about your disability and any other health issues you have.
Guaranteed life insurance is exactly what it sounds like- life insurance that guarantees your acceptance. There are no medical exams, no medical tests, and just a few health questions to answer. These policies are designed for people who have been turned down with other companies because of serious pre-existing health conditions.
Why is guaranteed life insurance different?
What makes guaranteed issue life insurance different from other types of life insurance is that the death benefit is graded. This means that if you die within the first two years there is a limited payout to your beneficiaries. For example, if you die in year 1, the policy may only pay out 25% of the death benefit. In year 2 it moves up to 50% and by year 3, your beneficiaries can receive the full death benefit.
Here are some features of guaranteed life insurance:
- No medical exam or tests
- Ages 50 to 85
- $3,000 to $25,000 worth of coverage
- Permanent life insurance
- Builds cash value
- Two year limited benefit period
If you need life insurance and you’ve been turned down before, or if you know you have some health conditions that make it difficult to obtain life insurance, then a guaranteed life insurance quote is right for you. Compare rates for guaranteed life insurance and start saving today.
