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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 ...
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 ...
Policy type: Term life insurance from a provider like Ladder is more commonly available without an exam than permanent life insurance policies. Occupation : Some low-risk occupations may be more ...
Final expense insurance is designed to help cover end-of-life expenses, like funeral costs and medical bills. Like guaranteed issue life insurance, it offers low premiums and a modest death ...
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.
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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