Facts About Guaranteed Life Insurance

guaranteed life insurance policy

Facts about Guaranteed Life Insurance

There is one type of life insurance that just about anyone with a pulse can buy. Also known as guaranteed issue life insurance. the age of eligibility varies, but usually ranges from 50 to 80, although some states may allow you to sign up as young as 45 or as old as 85.

If your medical history or health prevents you from purchasing any other type of life insurance . a guaranteed life policy will take you without a health exam, often without even a questionnaire about your medical history.

Guaranteed life policies typically have extremely limited death benefits. They often range from as low as $5,000 to a max of $20,000, although if you shop around you may be able to find a $50,000 guaranteed life policy out there.

Premiums for guaranteed life policies are generally fixed, meaning they wont go up or down. Us... http://insurance-a.ucoz.com/news/guaranteed_life_insurance_policy/2013-06-28-3948