The right time to start thinking about life insurance isn’t after you or a loved one have been touched by tragedy. And just because you aren’t proud of your health history doesn’t mean you aren’t eligible for life insurance. Guaranteed life insurance is simple, hassle-free and might be the coverage and security you need for a future you can’t predict.
So what is guaranteed life insurance and how does it work? Though age may slightly vary depending on the company, any U.S. citizen typically between the ages of 45 and 85 is eligible for guaranteed life insurance. Generally, you can be covered in one phone call and you do not need to see a doctor or provide any health history. Rates and coverage remain the same throughout the duration of the policy and life insurance proceeds can pay for expenses such as debt and funeral costs. Some policies may build cash value that you can use if necessary. If you die within the first two years, they will not pay the full death benefit but will return the premiums you paid plus a small percentage. As with most policies, the purchase cost increases as you get older but guaranteed life is still affordable especially when considering long-term stability.
The average funeral can range from 6 to 10,000 dollars.. Don’t wait until it’s too late to obtain life insurance. If illness has held you back from applying for life insurance, talk to an insurance specialist to learn more about guaranteed life and how it can help you and your loved ones.