Many people who need life insurance coverage are reluctant to apply because they feel that they will not qualify for a policy due to their age or health.
There are many reasons why a life insurance company would turn down an applicant for coverage, but in most cases the reasons will be related to the health of the person applying for a policy.
Many life insurance companies will require either proof of good health or a full medical examination, and those who have pre-existing health conditions are often excluded from life insurance coverage.
A guaranteed issue life insurance policy (or guaranteed acceptance policy), on the other hand, provides a guarantee of coverage, with no medical exam required and no health questions asked.
This type of life insurance coverage can be a good choice for smokers, those with serious health problems and others who may not be able to qualify for traditional coverage.