Guaranteed Issue – No Medical Questions Life Insurance
Guaranteed issue life insurance policies offer the following features:
- No medical exam
- No medical questions – Yes, even someone with terminal cancer, HIV/AIDS, or Alzheimer’s Disease can qualify.
- Reduced Death Benefit for the first 2 to 3 policy years – Accidental deaths do pay out the full face value.
- Whole life insurance with guaranteed cash value accumulation
- The only restriction is that you cannot currently be refined to a nursing home or skilled nursing care facility.
How to Get a Quote
Unfortunately, our quote form on the right does not quote guaranteed issue policies.
Call us at 877-443-9467 for a quote. It only takes a minute!
Who Should Buy a Guaranteed Issue Life Insurance Policy?
Please understand a guaranteed issue policy should be the last resort for people with uninsurable medical conditions. Since just about anyone can qualify for it, it is usually quite expensive compared to traditional life insurance or graded death benefit life insurance.
First, Let’s Be Sure You Can’t Qualify for Something Less Expensive
A large percentage of people with tough cases can still qualify for a traditional life insurance policy or graded death benefit policy, which costs a lot less.
For example, we’ve insured the following tough cases with traditional or graded policies:
Diabetics types I and II, Obese individuals up to 400 lbs, heart attack history, multiple DUI’s, heart transplant, stroke history, cancer history, epileptics, multiple sclerosis… as you can see, just about anything.
If you can answer all the following questions “NO”, then you can qualify for a graded policy, and don’t need to be paying the extra cost for guaranteed issue.
1) Have you been diagnosed as having or been treated by a
a. Human Immunodeficiency Virus (HIV), Acquired Immune
Deficiency Syndrome (AIDS) or AIDS Related Complex
b. Alzheimer’s disease (dementia), Amyotrophic Lateral Sclerosis
(ALS), mental retardation or Down’s Syndrome or do you
require the assistance of another person for dressing,
bathing, toileting, or mobility or do you use an oxygen tank?
2) Have you,
within the past 2 (two) years:
a. Had a heart attack (myocardial infarction) or stroke
(cerebral vascular accident)?
b. Had or are now awaiting an organ or bone marrow transplant
(except as a donor)?
c. been diagnosed with cancer, received or been prescribed
radiation or chemotherapy or have you received or been
d. Been confined to or been advised by a licensed medical
professional to be admitted to, a nursing home, hospice,
extended care or special treatment facility or are you now
e. Used controlled substances such as cocaine, heroin, amphetamines,
barbiturates or hallucinogens except as prescribed
by a physician or been treated for or been advised
by a physician to seek treatment for drug or alcohol use?
f. Been advised by a licensed medical professional that your
life expectancy is less than 24 months?
g. Had more than one DUI (DWI) violation, been convicted of
a felony or are you now on probation?
If you can answer “NO” to all the questions above, call us at 877-443-9467 to get a graded death benefit quote.
If You Can’t Answer “NO” to the Above Questions…
In that case, we now need to look at a guaranteed issue policy.
For example, if you’ve been diagnosed with terminal cancer or HIV/AIDS, this is the type of life insurance for you.
If you’ve been diagnosed with Alzheimer’s Disease, this is the only type of life insurance you can qualify for.
What if I’ve been Declined for Life Insurance?
If you’ve been declined by multiple insurance companies, you’ve found the right policy for you.
In fact, some states actually require that you’ve been declined for a traditional life insurance policy before you can apply for a guaranteed issue policy.
Just about anyone can qualify, so call us at 877-443-9467 for an instant quote and policy details. The application can be completed by phone.