Tag Archives: Guaranteed Life Insurance

What is Guaranteed Issue Life Insurance?

Posted on: July 20th, 2012 by Mitch

Guaranteed (issue) life insurance is a type of life insurance policy where acceptance is literally guaranteed however there may be restrictions for the first 24 months of the policy i.e. it may only pay for an accident for the first 24 months, after that the policy would pay for any cause of death. This might sound ideal, but it comes at a price, literally. If you’re considering this type of policy, be absolutely sure that it’s truly your best option. An advisor may be able to save you substantially on your premiums with a more traditional form of life insurance, and get you better coverage in the process.

Who is Guaranteed Life Insurance For?

Unfortunately there are some groups of people who are too risky to insure through conventional markets and have to go to a guaranteed life insurance product.


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