Life Insurance for the Sick and Elderly

Is there a way elderly people with health problems can get insured for life insurance?

Yes, it's called "Guaranteed Issue" life insurance coverage.

These plans guaranteed approval for life insurance for anyone who meets the age requirements.

For example, one highly-rated insurer offers up to $25,000 of guaranteed life insurance for anyone age 45 to 85 years old.

With guaranteed approval applicants do not have to take any health examination, and they don't have to answer any questions about the condition of their health.

And, if you meet the age requirements, you cannot be turned down due to any pre-existing health condition.

However, guaranteed policies come with Graded Benefits, which means you won't have full coverage until you have been insured for at least 2 or 3 years after starting your policy, Most plans have graded benefits for the first two years.

That's how the insurance company can accept anyone for coverage, even if you have a serious health issue.

Learn more about how to get life insurance for the sick and elderly.