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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 ...
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.
Many term life policies let you switch to permanent coverage, like whole life or universal life, without undergoing a medical exam. Your conversion window won’t stay open forever, so grab your ...
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 ...
Courses and designations Designation Papers Theme Level I LOMA 280 or LOMA 281 Principles of Insurance LOMA 290 or LOMA 291 Insurance Company Operations Associate, Life Management Institute (ALMI) All papers in Level I LOMA 301 or LOMA 302 Insurance Administration LOMA 307 or LOMA 308 Business and Financial Concepts for Insurance Professionals
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.
Each insurance type comes with pros and cons that make it difficult to decide the best. The choice should be based on the factors most likely to help the family cope with the loss of a loved one.
The Guardian Life Insurance Company of America is one of the largest mutual life insurance companies in the world. Based in Manhattan , it has approximately 8,000 employees in the United States, and a network of over 3,000 financial representatives in more than 70 agencies nationwide.
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