Life Insurance for Seniors in Mississippi
Life Insurance for Seniors in Mississippi
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Whether you are looking for Life Insurance for Seniors over 65, 75, or 85, we can find a great Life Insurance Policy for Seniors through our Top Rated Carriers.
Guaranteed Acceptance Life Insurance is designed for senior Americans who want to make sure that when they die there is ample money for their heirs to pay for a funeral, and any outstanding bills, such as medical bills.
The big come-on is the guaranteed part: there’s no medical exam.
You can have all the pre-existing conditions in the world and you will still be given a policy.
No one is turned down.
What is a Guaranteed Issue Life Insurance for Seniors?
Guaranteed Acceptance Life is a “guaranteed issue”.
You will not be turned down for coverage regardless of your health condition.
It is a simple, permanent insurance solution designed to meet the insurance needs of the most challenging applicants.
Regardless of your medical condition or previously declined life insurance, you are eligible for this plan.
It is generally purchased to cover final expenses by individuals who are not eligible for other plans of insurance.
Guaranteed Acceptance Life is designed to provide lifetime protection to those with serious insurability conditions.
The death benefit is limited to a return of premiums if death occurs by other than accidental means in the first two years.
The full coverage amount is payable if death occurs after two years or if death is accidental.
What is the difference between Guaranteed Life Insurance and Standard Policy?
The death benefit for a guaranteed issue policy is graded, which means that it won’t be paid out in full until after the second or third year.
If you pass away in year one, then your beneficiaries will typically get either what has been paid into the policy or a certain percentage of the death benefit.
If you die in year two, the percentage paid out is higher.
Usually, after year two, the death benefit is fully payable.
Because there is a higher risk to the carrier, the premiums on this type of policy is higher, but you can still get peace of mind in knowing that you have some coverage in place.
Why should I buy Guaranteed Issue Life Insurance?
No medical life insurance does not require you to undergo a medical exam.
You simply answer some health and lifestyle-related questions to qualify.
No Medical life insurance ensures you have peace of mind in knowing your family will not have to worry about the cost of final expenses should something happen to you.
How Much Cost a Guaranteed Life Insurance for Seniors?
You may be surprised to know that No Medical Guaranteed Issue life insurance doesn’t have to cost ‘an arm and a leg’.
It is easy to apply, with a shorter application, quick issue, and quick delivery.
Which Companies Sell Guaranteed Issue Life Insurance?
There are many guaranteed issue life insurance companies available to buy from.
The best company will depend on your specific situation.
How Do You Buy Guaranteed Issue Life Insurance Plans?
Guaranteed Issue life insurance plans can be purchased direct or from a life insurance agent.
The price is the same no matter who you buy it from.
The benefit of using an independent life insurance broker is that they can shop your case from multiple carriers.
Not all companies provide quotes online, so your agent can act as your personal shopper to find you the best deal.
3 Questions Companies Ask About Medical Conditions
A few life insurers may include a short list of “knock-out” questions on the application.
Depending on how you answer these “knock-out” questions, you may eliminate yourself from the application process immediately.
Here is some example knock-out questions:
Do you currently reside in a hospital or long-term-care institution?
Have you been declared terminally ill?
Do you have AIDS or HIV?
If you answer yes to any of these questions, then you will be denied coverage.
However, not all companies do this.
Of course, your insurance agent will most likely know the companies that include these questions.
If these are questions you wish to avoid, the insurance agent will know that too.
An experienced agent can steer you towards a guaranteed life insurance policy that better suits your situation.
Health Conditions and Guaranteed Issue Life Insurance
Some health conditions that could put you in the high-risk category might mean that a guaranteed issue policy is the only policy you can qualify for.
Cancer
Cardiovascular disease
Cerebrovascular disease (i.e. stroke)
Diabetes
Epilepsy
Hepatitis
Sleep apnea
High Cholesterol
Hypertension
Neurological disease (i.e. MS or Parkinson’s disease)
Obesity
Mental Health Issues
History of drug or alcohol abuse
With many of these, you may still qualify for a simplified issue or traditional policy, depending on the severity.
It’s always best to make 100% sure you cannot qualify for other policies before purchasing guaranteed issue life insurance since this type of life insurance tends to be more expensive.
How to Apply for Guaranteed Issue Life Insurance
How to Apply for Guaranteed Issue Life Insurance
If you have some major health issues and you have been declined for a standard life insurance policy, then a guaranteed issue policy may be right for you.
The first step is to compare rates from several carriers to see which one has the most affordable rate for your particular situation.
Get a free quote for guaranteed life insurance to compare multiple rates from the nation’s highest-rated carriers.
If you prefer to get rates over the phone or if you have questions about your particular situation, then call 813-964-7100 and speak with an experienced insurance professional.
There are over sixty different life insurers offering guaranteed issue life insurance.
You should have no problem finding a suitable option if you work with an experienced agent.
Since the standard underwriting process is eliminated, guaranteed issue life insurance for high-risk individuals can be issued very quickly.
Most guaranteed issue life insurance carriers can issue policies within 48 hours but no later than 30 days from the time of submission.
Visit the website to run a quote for you or call us today to find out which type of policy is best for you!
www.MintcoFinancial.com
info@mintcofinancial.com
Call 8139647100
