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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 ...
Online insurance courses offered through National Online Insurance School cover all of the topics listed on each state's examination content outline and include such insurance topics as life insurance, health insurance, annuities, Social Security, retirement plans, accident death and dismemberment insurance (AD&D), disability insurance, insurance underwriting, as well as each state's insurance ...
Unlike other options, guaranteed life insurance, a form of whole life insurance, bypasses the need for a medical exam for approval. Guaranteed life insurance offers a number of unique characteristics.
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.
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 ...
Consider term life: If permanent life insurance premiums are too expensive, consider term life policies. These provide coverage for a specific period (like 10 or 20 years) and typically offer more ...
Key takeaways. Many term life policies let you switch to permanent coverage, like whole life or universal life, without undergoing a medical exam.
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.
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