Guaranteed acceptance is a phrase used in life insurance which describes a type of life insurance coverage you may purchase with guaranteed approval.
Also known as guaranteed issue life insurance, guaranteed acceptance plans are offered as an option for people who are older, or having difficulty getting insured for life insurance.
With guaranteed approval coverage you cannot be turned down for life insurance due to any health issues.
As long as you meet the age requirements for approval, and can pay the premiums, you can get insured for life insurance.
However, these guaranteed plans offer a limited amount of life insurance, and the rate charged for coverage is higher than for standard life insurance policies.
Learn more about what guaranteed acceptance means and how it works.
Also known as guaranteed issue life insurance, guaranteed acceptance plans are offered as an option for people who are older, or having difficulty getting insured for life insurance.
With guaranteed approval coverage you cannot be turned down for life insurance due to any health issues.
As long as you meet the age requirements for approval, and can pay the premiums, you can get insured for life insurance.
However, these guaranteed plans offer a limited amount of life insurance, and the rate charged for coverage is higher than for standard life insurance policies.
Learn more about what guaranteed acceptance means and how it works.
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