There are several differences from other policies, including:
- Graded Death Benefits - Limited death benefits the first two years you are insured.
- No Medical Exam Required.
- No Health Questions Asked.
- Limited Amount of Life Insurance - The amount of coverage available may be limited to a maximum of around $25,000.
You can't be turned down for guaranteed issue life insurance coverage due to any pre-existing health condition if you meet the age requirement for approval, and you live in a state where the insurer is licensed to do business, and offers the guaranteed issue plan.