Actually, several of the best-known insurers now offer guaranteed policies.
Some of the leading providers include: United of Omaha, Colonial Penn, Gerber, AAA, and AARP/NewYork Life, among others.
When comparing guaranteed plans you may want to consider the following:
- What is the financial strength rating of the insurer?
- How much coverage is available with guaranteed approval?
- How much does the coverage cost?
- What are the age requirements for approval?
Also, if you need more life insurance coverage than the maximum amount offered by any one life insurer, you may purchase coverage from more than one life insurance company.
Learn more about which insurance companies offer guaranteed issue policies.