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Guaranteed issue life insurance, also known as guaranteed life insurance or guaranteed acceptance life insurance, ... age, gender and the amount of coverage you want. The older you are, the more ...
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 ...
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.
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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