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I have been told by many agents/carriers that I am 'uninsurable' due to my health conditions. Do I have any options?!

 

Absolutely! There are two options available for you. the first one is an accidental death policy. The second is a Guaranteed Issue Whole Life Policy.

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Guaranteed life insurance, also known as guaranteed issue life insurance, is a type of whole life insurance policy designed for people who might have trouble qualifying for traditional life insurance due to age or health conditions. Here’s the rundown:

💡 Key Features:

• No medical exam or health questions: Approval is guaranteed, regardless of your health.

• Small coverage amounts: Usually between $2,000 and $25,000, primarily meant to cover final expenses like funeral costs.

• Reasonable premiums: Because there's no health screening, insurers take on more risk, so monthly payments are usually a little higher.

• Graded death benefit: Many policies include a waiting period (usually 2-3 years). If you pass away during this time (not due to an accident), your beneficiaries may  receive a refund of premiums paid plus 10% interest, not the full death benefit.

✅ Pros:

• Easy approval

• Peace of mind for covering final expenses

• Permanent coverage — doesn’t expire as long as premiums are paid

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It's often considered a last-resort option for people who can’t qualify for other life insurance types. Clients often use this for an Equity Protection Plan or a Final Expense.

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