Is Guaranteed Life Insurance Right for You?

Are you considering the purchase of a guaranteed life insurance policy?

If so, you may want to consider the following key issues before making your purchase.

First, guaranteed life insurance offers guaranteed acceptance to anyone who meets the age requirements for approval.

Second, with guaranteed coverage there is no health exam required and no health questions asked.

Third, you cannot be turned down due to any health problems.

So, what's the catch?

Well, to start, there's usually a graded death benefit first two or three years you are insured. This means, if you die, your beneficiary only receives a limited death benefit, not the full coverage amount. That's how they can guarantee your acceptance for coverage.

And, the death benefit may be limited to around $25,000 or less.

And yes, you will pay a higher premium for this type of policy compared to any other traditional life insurance plan.

Here's how you can learn all about guaranteed life insurance to find out if it's right for you.