Guaranteed Issue Insurance for Seniors


Many seniors wring their hands over life insurance. They fear that past health issues could result in a denial of their application for life insurance. Indeed, many seniors have been denied life insurance because of their prior medical history.

Guaranteed Issue Policies Are An Option

Such seniors, in particular, should know that they have several options. One such option is Guaranteed Issue Life Insurance designed specifically for elderly participants. While a guaranteed issue policy is more expensive and carries modestly higher premiums, it is far better than not being covered. Furthermore, it gives you the peace of mind that your dependents or designated beneficiaries would be financially compensated should you pass away.

No Medical Exam Required

Guaranteed elderly life insurance is actually quite easy to get. You do not need to go through a medical examination. All you have to do is fill out a few forms. Many leading national companies underwrite Guaranteed Issue life insurance policies, so you must shop around to get the best rates.

Guaranteed Issue Advantages

The advantages of a guaranteed issue policy are:

•    A locked-in premium that does not vary over the life of the policy
•    Permanent coverage for the rest of your life
•    Buildup in cash value over your lifetime
•    Full death benefit after the first two years

Graded Death Benefit

Guaranteed Issue life insurance typically gives you graded death benefits. Should you pass away in the first or second year of your policy, your beneficiaries will receive the amount you have paid in premiums till your death, less fees and expenses. Depending on the specific plan you choose, your beneficiaries will typically receive the full insurance amount after two years.

If you have been denied life insurance coverage in the past or are apprehensive about approaching insurance companies directly, please give us a call at 1-888-230-5449. Our experienced insurance advisors will happily answer your questions, guide you through the application process, give you the best rates from top-rated and reliable insurance providers, and let you choose a guaranteed issue life insurance that best suits your needs and budget.