What is guaranteed issue life insurance?
You cannot be turned down for guaranteed issue life insurance unless you live in a hospital or long-term care facility. It is one variety of life insurance with no medical exam. It is intended for individuals whose health problems prevent them obtaining ordinary life insurance coverage.
It entails no underwriting, so the process of getting coverage can be completed in a matter of less than fifteen minutes.Â Â (For ordinary life insurance, the application process usually requires 4â€“6 weeks.)
It entails no medical examination, so you never have to contact any human being in person, and you donâ€™t have to contact any needles.
Guaranteed issue may be either term or permanent life insurance.
You cannot be turned down
Unless you currently reside in a hospital or long-term care facility, you will not be turned down for guaranteed issue life insurance.
To apply for most types of insurance, you need to undergo a medical exam and answer health questions on your application, but guaranteed issue life insurance requires none of this.
Guaranteed issue is more expensive
In insurance, uncertainty equates to risk, so guaranteed issue life insurance is expensive. Remember that for guaranteed issue policies, there is no underwriting and the life insurance company has no knowledge of an applicantâ€™s health. That means that the life insurance company is uncertain about applicantsâ€™ mortality risks.
All the insurer knows about an individual to be insured is his/her age and sex. So the rate you pay is based on only these two data.
Because of the greater expense of guaranteed issue life insurance, it is not recommended merely to expedite the application process or to avoid submitting to a medical exam.
Pre-Existing Health Conditions? Been declined for Health Insurance or Life Insurance coverage? Guaranteed Issue, specializes in obtaining coverage for people that have existing health problems that prohibit them from getting coverage in standard markets. One of our friendly agents will be pleased to assist you in getting the Life or Health coverage you need. We work will place you on a Guaranteed Issue basis with a top rated carrier in the United States on a Guaranteed Acceptance Basis..
Perhaps you are a diabetic? Major medical plans and fully underwritten Life Insurance carriers will deny you coverage. Guaranteed Issue specializes in obtaining the health or life insurance you need.
Other pre-existing conditionsÂ include Heart Disease, High-blood pressure,Â over the allowed body mass index (obesity), AIDS, Cancer, High Cholesterol, Cirrhosis of the Liver,Â Crohnâ€™s Disease, Cystic Fibrosis, Epilepsy, Hepatitis, Kidney Dialysis, Leukemia, OCD, Organ Transplant, Parkinsonâ€™s Disease, Psychotic Disorders, Rheumatoid Arthritis, Sleep Apnea, Stroke, and many other conditions.