No medical life insurance

1. No Medical Exam: Unlike other types of life insurance, you do not need to undergo a medical examination. There are no health questions to answer, so it’s a simpler and faster application process.
   
   
2. Guaranteed Acceptance: As long as you meet the age requirements (usually between 40 and 85 years old), you are guaranteed to be approved. No matter your medical history or current health condition, you’ll get the coverage.
   
   
3. Fixed Premiums: The premiums you pay are typically fixed for the life of the policy. This means you won’t face premium increases as you age, making it easier to budget for the coverage.
   
   
4. Limited Coverage: Guaranteed issue life insurance generally offers smaller coverage amounts compared to traditional life insurance policies. The payout could range from $5,000 to $50,000, which is typically used to cover final expenses like funeral costs or small debts.
   
   
5. Waiting Period: Many guaranteed issue life insurance policies have a waiting period (typically 2-3 years) before the full death benefit is paid out. If you pass away during this period, your beneficiaries may only receive a refund of the premiums paid, plus interest, rather than the full death benefit. After the waiting period, the full coverage is available.

Why Choose Guaranteed Issue Life Insurance?

1. No Health Questions: If you have health issues or are older, and you may not qualify for other life insurance options, guaranteed issue life insurance gives you an easy way to get coverage without the hassle of medical underwriting.
2. Final Expense Coverage: It’s often used to cover end-of-life expenses, such as funeral costs, medical bills, or any small debts that could burden your family after your passing.
3. Peace of Mind: Knowing you have some financial protection in place for your loved ones can bring peace of mind, especially if you are concerned about leaving them with expenses after you pass away.