What is Guaranteed Acceptance Life Insurance?

What is a life insurance policy with guaranteed acceptance?

Guaranteed acceptance means you cannot be turned down for coverage. So, a guaranteed acceptance life insurance poliucy will accept anyone that meets the age requirements.

For example, some insurers have guaranteed approval plans for people ages 45 to 85.

In addition, you cannot be turned down due to any health condition.

And, there's no health exam required and no questions asked about your health.

However, there are graded benefits the first two years you are insured. This means, if you pass away within 2 years of starting your guaranteed life insurance, your beneficiary will receive the premiums you paid plus interest as a benefit.

And, if you pass away more than 2 years after starting your policy, your beneficiary would receive the full death benefit from your policy.

Some guaranteed plans offer from $2,500 up to $25,000 of life insurance coverage.

Guaranteed plans may be a good option for seniors, people who have health issues, high risk drivers and people that have been turned down by other insurance companies.

Learn more about guaranteed approval life insurance policies.