Has your health, family medical history, age, or any other factor caused issues when trying to get a term life insurance policy? Have you delayed even applying for fear that your family medical history will render you uninsurable? If so, I’m going to fill you in on a little secret called guaranteed acceptance life insurance.
Guaranteed Acceptance Life Insurance is a type of life insurance that is designed specifically for people with high-risk profiles, the kind that normally gets them extremely high rates in other policies, or disqualified altogether. There are pros and cons to these policies, which I will go over, but in the end this may be your best or only option.
There are some big advantages to these policies. First, there are no medical exams and little to no health questions asked during the screening process. Plus, the premiums typically do not go up, and your policy will not get cancelled as you get older.
However there are typically limits set on these policies as well. First, the maximum death benefit will typically be much lower than standard polices often less than $50,000, however you may be able to take out multiple policies (with multiple companies) to help offset this. Also, there may be a scaled payout schedule, meaning the first 1-5 years may not provide the full death benefit if you die.
Finding these policies and the best rates is not as hard as one might think. Granted you will have to do some digging, and in some cases there are minimum requirements that must be met. The best way to find these is to use an online insurance comparison site to enter your information and search for available policies.
There are a number of these sites available, and one in particular that I usually like to use (more on that below). You simply head to the site, and enter your information. It will take you to the quotes page after completing the form. Depending on the coverage amount, you will usually see options for ‘no medical exam,’ etc. If you don’t, you can call the agent using the information given to you after submitting the form.
By doing this, you’ll find out quickly if there are any guaranteed acceptance life insurance plans, and what their associated requirements are. Regardless of your situation, you really can’t afford to go another day without life insurance can you?
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So do yourself and your family a huge favor and go to http://www.freetermlifequotes.info to get your guaranteed acceptance life insurance policy today!