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Final expense life insurance, sometimes referred to as guaranteed issue, guaranteed acceptance, funeral or burial insurance, is a type of whole life insurance designed to cover end-of-life ...
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 ...
These policies are often low face value whole life insurance policies, allowing individuals (ages 50-90) to purchase affordable insurance later in life. These may also be marketed as final expense insurance or burial insurance and usually have death benefits between $1,000 and $50,000.
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.
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