What Is Guaranteed Whole Life Insurance?
Guaranteed issue life insurance provides cash benefits to a beneficiary upon the death of the insured. The insurance company will offer this policy to any applicant regardless of past or present health concerns.
It is typically for people over the age of 50 — or individuals with current or previous medical problems. It is often a last resort for those who cannot qualify for other types of life insurance because of health issues or who do not have the option to purchase coverage through an employer. If a health condition prevents you from purchasing another type of policy, or you need coverage quickly, a guaranteed issue policy might be right for you.
Not sure which life insurance is right for you? Call Karen at (765) 265-5060 or Angela (765) 265-0800 — they will lay out every option, with the pros and cons of each.