GUARANTEED ISSUE LIFE INSURANCE
What Is Guaranteed Issue Life Insurance?
First off, Guaranteed Issue Life Insurance is a kind of permanent life insurance designed to provide the financial resources to pay for:
- Funeral services
- Burial (cremation, urn or casket, burial plot, headstone, etc.)
- Medical bills
- Debts you don’t want your family to have to worry about
- Other costs associated with death
Why You Should Consider All Life Insurance Options.
While guaranteed issued life insurance is a great option for some it’s not always the right choice for all. The premiums can be higher than a comparable life insurance policy. That’s why we recommend talking to a specialist about all your options before making a decision, because even if you’ve been turned down for coverage in the past, it doesn’t hurt to ask. You might even be pleasantly surprised! There are alternative insurance policies you might be able to qualify for coverage under.
Next, there is another factor you need to consider while making insurance decisions is that guaranteed issue life insurance policies are normally for smaller benefit amounts than comparable life insurance policies. Usually, the policies issued for death benefits are between $5,000 and $50,000. This might be exactly what you are looking for. But if it’s not, that’s another reason why it’s important to consider all your options and ask a specialist about other life insurance options.
Why Guaranteed Issue Life Insurance Might Be The Right Fit For You.
Typically, Guaranteed Issue life insurance is recommended for people who can’t qualify for traditional fully underwritten insurance policies. This is usually a result of health, lifestyle, or other factors. Coverage is guaranteed for life, regardless of those factors. This can save your loved ones from having to pay for final expenses or any other expenses after you’re gone.
While this is not the only option, this can be a good option for you if you are HIV+ and need life insurance.
Why trust Pride Life?
You should rely on whoever gives you the best guidance on insurance policies. It's up to you to decide. We challenge you to call our experts and put them to the test.