Anacapa Insurance Services Blog
|
Guaranteed-issue life insurance plans have limited coverage amounts, such as $25,000, depending on your age. It is a lifetime guarantee life insurance policy. This means you’ll get a level death benefit and level payment as long as you hold the policy. That means you don’t have to worry about rate hikes as you get older. Unlike traditional whole life, however, there might be some limitations on payout in the first two years. If you pass away because of an accident, the full benefit of your life insurance policy will be paid to your beneficiary tax-free. If you pass away within the first two years due to an illness, on the other hand, then the insurance company will refund 100% of your premiums plus 10% interest.
Guaranteed approval life insurance is also known as burial life insurance plans or a final expense plan but they all include:
0 Comments
Leave a Reply. |
Contact Us
(800) 578-8581 Archives
August 2020
Categories
All
|
Navigation |
Connect With UsShare This Page |
Contact Us |
Location |