Guaranteed Issue Whole Life Insurance With No Health Questions and No Medical Exam
Guaranteed Issue Whole Life Insurance, sometimes referred to as Guaranteed Acceptance Whole Life Insurance, from American General Life Insurance Company is a simple and affordable final expense life insurance policy specifically for seniors. The product does not require a medical exam or health questions in order to qualify. Instead, eligible seniors ages 50-80 can secure a policy to help cover expenses like medical bills, credit card debt or funeral and burial costs that can help protect your loved ones from future financial burdens
Guaranteed Issue Whole Life Insurance Benefits
Guaranteed Acceptance Life Insurance
Permanent insurance protection that lasts a lifetime – You are automatically qualified and we guarantee that we won’t turn you down.
No Medical Exam and No Health Questions Required
This guaranteed issue life insurance product requires NO medical exams or health questions that can cause traditional life insurance costs to skyrocket.
Up to $25,000* in Life Insurance Coverage
Get a Guaranteed Issue Life Insurance policy starting with coverages from $5,000 all the way up to $25,000.
Rates start at $20/month for a female and $29/month for a male, age 50 with $5,000 in coverage.
Living Benefits are Included – at NO EXTRA COST
Chronic Illness – This benefit returns all of the premiums paid and is triggered when the insured cannot perform at least 2 of the 6 “activities of daily living” (bathing, continence, dressing, eating, toileting, transferring) or is diagnosed with a severe cognitive impairment like Alzheimer’s or dementia.
Terminal Illness – This benefit provides 50% of the applicable death benefit at the time of acceleration. Terminal Illnesses are illnesses or physical conditions that are certified by a physician to be reasonably expected to result in the insured’s death within 24 months from the date of certification.
Guaranteed Level Life Insurance Payments
Premiums for our guaranteed acceptance life insurance policies are level (or fixed premiums) and are guaranteed not to increase during the life of the policy.
Senior Life Insurance for Ages 50-80
Guaranteed Issue Whole Life Insurance is a product specially designed with Seniors in mind. If you are between the ages of 50-80, you are guaranteed to be accepted for a policy and cannot be turned down for health or medical reasons.
What is Graded Death Benefit Life Insurance?
With some guaranteed life insurance policies, like Guaranteed Issue Whole Life Insurance from American General Life, what is known as a graded death benefit is provided. Within the first two years of the policy if a natural death occurs, the benefit can range from 110%-120% of the actual premium paid. If an accidental death occurs, the benefit will be the face amount of the policy. And after the two years, the benefit will be the full-face amount of the policy. This graded benefit guaranteed whole life insurance product may be an option for people who want the protection of permanent life insurance coverage, but due to possible health concerns may not qualify for any other permanent life insurance plan. If you have further questions, it is best to speak with an agent.