for guaranteed acceptance life insurance call: (910) 328-0447
requst a quote
No Health Questions – No exam – Acceptance Guaranteed
also called Guaranteed Issue Life Insurance
graded death benefit whole life insurance, premiums never increase, builds cash value, cannot be cancelled.
Note: benefit limited 2 or 3 years to return of premium plus interest; full benefit after this graded or modified period; full benefit for accidental death from issue date; only consider guaranteed acceptance if in extremely poor health (see list below), always check first into plans offer with limited health questions. Benefit structure varies by carrier.
Note: Definitions vary. Many life insurance companies call their return of premium plans modified whole life and their graded death benefit are plans where the death benefit is limited in the first few years, for example: 30% death benefit in the first year, 70% in the second year, full benefit thereafter. Plans that provide a percentage of a death benefit immediately from policy issue generally have health questions. Guaranteed acceptance plans with no health questions are those with return of premiums in years 1 and 2, sometimes year 3.
Recommendations
Lowest premiums:
American General
Policy amounts: $5,000 – $25,000
Issue ages 50 – 80
Youngest issue age:
Philadelphia American Life
Issue ages 0 -80
Great Western
Issue ages 40 – 80
policy amounts: $1,000 – 40,000
Transamerica
Issue ages 18 – 80
Highest policy amounts:
Great Western
Policy Amounts: $1,000 – $40,000
Issue ages 40 – 80
CSI Life
Policy amounts: $2,000 – $25,000
Issue ages 25 – 80; non-tobacco rates
Columbian Mutual
Policy amounts $2,000 – $25,000
Issue ages: 50 – 80; age nearest birthday
Please contact me for a free and confidential quote.
Licensed Agent: Sean Drummey
phone: (910) 328-0447
email: spdrummey@gmail.com
For best rates and benefits look for:
- non tobacco rates (tobacco users look for combined rates)
- 2 year waiting period for full benefit
- highest return of premium interest rate during modified period
- age last birthday rates
Use Guaranteed Acceptance Life Insurance for:
Alzheimer’s, senile dementia, dementia, Acquired Immune Deficiency Syndrome (AIDS), tested positive for Human Immunodeficiency Virus (HIV), terminal illness or end stage disease, amyotrophic lateral sclerosis or Lou Gehrig’s Disease (ALS), Huntington’s Disease, uncontrolled diabetes, diabetic coma, insulin shock, diabetic neuropathy or amputation, bedridden, resident of a nursing home, skilled nursing facility, assisted living facility, home health care or long-term care, requiring assistance for activities of daily living, such as taking medications, eating, dressing, bathing, toileting, getting out of a chair or bed, confined to a hospital, hospice, hepatitis C, muscular dystrophy, advised to use or use oxygen equipment to assist in breathing (except using for sleep apnea), cystic fibrosis, organ transplant, congestive heart failure, mental incapacity, advised, waiting or received organ or bone marrow transplant, liver failure, kidney failure, require a wheelchair due to chronic illness or disease, paralyzed, metastatic cancer or recurrent cancer of the same type, severe COPD, very servere COPD, also called end stage COPD
Note: Carriers may not accept applications from individuals who are legally incompetent or who are unable to understand the application. Power of Attorney applications for guaranteed acceptance may not be accepted. Check with the specific carrier for rules.
Not guaranteed issue: check first to see if qualified for “simplified issue” whole life
Over 2 years ago: heart attack, internal cancer
Not guaranteed issue: check first with the conditions listed below to see if the person can qualify for better coverage, i.e. fully underwritten life insurance or simplified issue whole life.
Do Not Use guaranteed issue for:
Mild to moderate COPD or Chronic Obstructive Pulmonary Disease, Crohn’s Disease, Hepatitus A, Hepatitis B, Hepatitis C, Lymphoma, Leukemia, Hodgkin’s Disease, Angina, Atrial Fibrillation, Bladder cancer, Lupus, Basal cell carcinoma, Squamous cell carcinoma, Malignant melanoma, Ovarian cancer, Epilepsy, Multiple Sclerosis (MS)
Carriers :
Gerber Life Insurance Company
Royal Neighbors of America
Columbian Mutual Life Insurance Company
Great Western Life Insurance Company
last revised 3/22/2018 – products subject to change; product features, availability and premiums may vary by state