Guaranteed vs. Non- Guaranteed Life Insurance Plans

What is Guaranteed and Non-Guaranteed Life Insurance?

A guaranteed issue life insurance policy is one that guarantees your approval for coverage, while a non-guaranteed issue life insurance policy means you may or may not qualify for coverage.

So, if you have health problems or have been denied coverage, a guaranteed life insurance plan may be right for you.

Whereas, a non-guaranteed life insurance policy may be better suited for people who are willing to take a medical exam to qualify for their life insurance coverage.

Here's how to compare guaranteed life insurance versus non-guaranteed life insurance coverage.