What is guaranteed issue life insurance policy?

Guaranteed issue life insurance is a type of whole life insurance policy that allows you to skip health questions and or undergo a medical exam. In some spaces, you may hear it referred to as guaranteed life insurance or guaranteed acceptance life insurance.

See also Which one of the following statements best describes if and when a traditional whole life insurance premium may change under the level premium concept?

What is guaranteed issue life insurance policy?

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What is guaranteed issue life insurance policy?

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