Usually, these guaranteed policies are a type of permanent life insurance, providing lifetime protection, a death benefit, and they may build up some cash value inside the policy from which you may take a loan.
However, guaranteed acceptance life policies usually offer a limited maximum amount of insurance, up to $25,000 or less per policy.
But, you may be able to buy a policy from more than one life insurance company, should you need more protection.
When applying for a guaranteed acceptance policy you will not be required to take a medical exam or answer any questions about your health.
Learn more about guaranteed acceptance life insurance coverage.