Guaranteed Issue Whole Life Insurance Without Any Health Questions or Medical Exam
Guaranteed Issue Whole Life Insurance is a simple and affordable guaranteed issue whole life insurance policy designed to cover expenses like medical bills, credit card debt, and funeral costs, which will help protect your loved ones from future financial burdens.
Guaranteed Issue Whole Life (GIWL) is designed to provide you with comfort and peace of mind knowing for just a few dollars a day that your final expenses have been taken care of and will not become a burden on your loved ones. Plus, it includes certain living benefits if the insured becomes terminally or chronically ill.
From application to policy issue, the process is simple, short, and pain-free!
If you are age 50-80, Guaranteed Issue Whole Life Insurance, sometimes referred to as Guaranteed Acceptance Whole Life Insurance, you receive a permanent life insurance policy without having to qualify for coverage based on your health. You can’t be turned down for health reasons, acceptance is guaranteed and premiums are fixed and are guaranteed not to increase during the life of the policy.
The benefit from the guaranteed acceptance of life insurance will lend a helping hand to your loved ones during a difficult time.
Living Benefits are Included – at NO EXTRA COST
Chronic Illness – This benefit returns all of the premiums paid and is triggered when the insured cannot perform at least 2 of the 6 “activities of daily living” (bathing, continence, dressing, eating, toileting, transferring) or diagnosed with a severe cognitive impairment like Alzheimer’s or dementia.
Terminal Illness – This benefit provides a percentage of the applicable death benefit at the time of acceleration. Terminal Illnesses are illnesses or physical conditions that are certified by a physician to be reasonably expected to result in the insured’s death within 12-24 months from the date of certification.
What is Graded Death Benefit Life Insurance?- Some guaranteed life insurance policies, like Guaranteed Issue Whole Life Insurance, provide what is known as a graded death benefit. Within the first two years of policy issuance, if a natural death occurs, the benefit can be 110% of the actual premium paid. If an accidental death occurs, the benefit will be the face amount of the policy. And after two years, the benefit will be the full face amount of the policy. This graded benefit guaranteed whole life insurance product may be an option for people who want the protection of permanent life insurance coverage, but due to possible health concerns may not qualify for any other permanent life insurance plan.
