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Final expense life insurance, sometimes referred to as guaranteed issue, guaranteed acceptance, ... a 70-year-old woman may be able to qualify for a $10,000 guaranteed life policy for ...
Guaranteed acceptance life insurance, also known as guaranteed issue or final expense insurance, does not require a medical exam or health questionnaire. This type of policy is designed for older ...
Guaranteed issue life insurance, also known as guaranteed life insurance or guaranteed acceptance life insurance, is a type of policy that does not require any health questionnaires or medical ...
Colonial Penn, which began as an insurance provider through AARP focused on people over 65, [1] now has a marketing campaign that is aimed at people between the age of 50 and 85, specializing in “guaranteed acceptance whole life insurance“ and to help their families cover funeral costs after the individual dies. The company's name comes ...
Guaranteed issue is a term used in health insurance to describe a situation where a policy is offered to any eligible applicant without regard to health status. Often this is the result of guaranteed issue statutes regarding how health insurance may be sold, or to provide a means for people with pre-existing conditions the ability to obtain health insurance of some kind.
Simplified whole life insurance: requires medical exams or questioning and pays a cash benefit if a person dies. Guaranteed acceptance whole life insurance: does not require medical exams or questioning and pays a cash benefit if a person dies. Term life insurance: guarantees payment of a death benefit during a specified time period.
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