(800) 398-9821

High-risk life insurance

Securing life insurance can be challenging for seniors who face chronic diseases or other impairments, making them eligible for high-risk life insurance. If you find yourself in this situation, you may feel frustrated or disheartened by the difficulty of obtaining coverage. However, there is hope for you in the form of high-risk life insurance, also known as guaranteed issue life insurance. This specialized insurance can provide the solution you need, ensuring that you have the protection you deserve.

Have you heard of high-risk life insurance?

It’s a specialized policy designed specifically for individuals who often face challenges in obtaining coverage due to their “high risk” status. This type of insurance, also known as guaranteed life insurance, can be a lifeline for seniors like you who may have difficulty securing traditional coverage. The best part is that high-risk life insurance doesn’t require health underwriting, and the application process is incredibly quick and straightforward. This means you can gain the protection you need without the stress and hassle often associated with insurance applications.

Benefits of guaranteed life insurance

In addition to the comforting knowledge that nearly everyone is guaranteed acceptance and no medical exam is required, there are more advantages to this policy that can bring you peace of mind:

  • Your premium will remain consistent and will never increase, allowing you to plan your finances with confidence. You won’t have to worry about unexpected changes that could strain your budget.
  • The benefit provided by the policy will never decrease over time. This means that your loved ones will receive the same level of support you intended, ensuring their financial stability even after you’re no longer there to care for them.
  • As long as you continue to pay your premiums, your coverage will remain in effect indefinitely. This ensures that your loved ones will always have the protection they need when they need it most.
  • You won’t have to go through the stress of a medical exam or answer any intrusive health questions. The application process is streamlined and straightforward, allowing you to focus on the benefits of the policy rather than worrying about your medical history.

These features are specifically designed to prioritize your peace of mind and make the insurance process as simple and hassle-free as possible.

Is there a waiting period?

Generally, there is a minimum waiting period of two years for this policy to take full effect. During this waiting period, the benefit payout may be on a graded scale or at least equal to the premiums you have paid.

However, it’s important to note that depending on your specific health issues, we may be able to find a company that offers a simplified issue policy. This could potentially shorten or eliminate the waiting period, providing you with more immediate coverage.

Additionally, some insurance companies offer a rider that can bring you added peace of mind during the waiting period. In the unfortunate event of an accidental death within that time frame, this rider ensures that not only the full death benefit will be paid out, but it will be doubled, providing extra financial support for your loved ones.

We understand that waiting periods can be challenging, but we are here to explore all options available to find the best solution for your unique circumstances. Your well-being and security are our top priorities, and we’ll work diligently to ensure you have the coverage you need.

What does guaranteed issue life insurance cost?

It’s important to note that premiums for this type of insurance are typically higher compared to other policies. This is because it is designed to provide coverage for individuals who are considered high-risk due to their specific needs.

However, the upside to this type of insurance is that it offers guaranteed acceptance, ensuring that you will be able to obtain the coverage you need. Additionally, once you secure the policy, the coverage will not expire as long as you continue to pay the premiums. You can find comfort in the fact that your loved ones will be financially protected, regardless of what the future holds.

Furthermore, another advantage is that the premiums for guaranteed issue life insurance will not increase over time. This means you can plan your finances with confidence, without worrying about unexpected premium hikes that could strain your budget.

It’s important to view this type of insurance as a “last-resort” policy, specifically designed for situations where other means of coverage are not readily available. By securing this policy, you can avoid placing the burden of your final expenses on your surviving family members. Your peace of mind and the well-being of your loved ones are of utmost importance, and we are here to guide you through the process and find the best solution for your unique circumstances.

How do I apply?

Applying for life insurance can feel overwhelming, but we are here to support you every step of the way. Our dedicated team is ready to assist you in finding the best solutions to meet your life insurance needs. To start the process, simply click the button below. By doing so, you will have access to rates from multiple insurance companies, ensuring that you can make an informed decision and secure the best deal available to you. Rest assured, we understand the importance of finding the right coverage for your specific situation, and we are committed to providing you with the guidance and assistance you deserve. Your peace of mind is our priority, and we’re here to help you navigate the application process smoothly and efficiently.

Call: (800) 398-9821

Book a FREE Consultation

  • 15+ carriers
  • No waiting period plans available
  • Compare costs
  • Speak to a licensed agent
  • Estimate your savings

Call: (800) 398-9821