Guaranteed Acceptance life insurance can be an attractive option for people who haven’t been fortunate enough to get onto a regular life insurance plan. Anyone can be accepted onto this type of policy regardless of health status or age. There are no medical examinations or health questions, however there are pros and cons to any policy and Guaranteed Acceptance Life Insurance is no exception.
Advantages of Guaranteed Acceptance Life Insurance
The main obvious advantage as we have already discussed is that you can’t be turned down for an application due to health or lifestyle issues. With other policies you may have to answer some health questions and/or have a medical exam as part of the application process. With the guaranteed acceptance policy, there are no questions asked, as long as you pay the premium costs you are covered, and the company does not have the right to cancel the policy. This means your policy will stay the same rate even as you get older. Continue reading ‘Guaranteed Acceptance Life Insurance – Is It For You?’ »