How does guaranteed life insurance compare to non-guaranteed life insurance?
There are several differences between these two types of life insurance plans.
Guaranteed issue life insurance is a type of permanent life insurance policy that provides you with guaranteed approval if you meet the age requirements; for example, guaranteed approval for people ages 45 to 85 years old.
Whereas, a non-guaranteed life insurance policy may be permanent or term life insurance, and usually requires you to take a medical exam to find out if you qualify for coverage.
Guaranteed issue life insurance does not require any health exams, and you don't answer any questions about your health.
Learn more about guaranteed versus non guaranteed life insurance plans.
There are several differences between these two types of life insurance plans.
Guaranteed issue life insurance is a type of permanent life insurance policy that provides you with guaranteed approval if you meet the age requirements; for example, guaranteed approval for people ages 45 to 85 years old.
Whereas, a non-guaranteed life insurance policy may be permanent or term life insurance, and usually requires you to take a medical exam to find out if you qualify for coverage.
Guaranteed issue life insurance does not require any health exams, and you don't answer any questions about your health.
Learn more about guaranteed versus non guaranteed life insurance plans.
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