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Guaranteed / Simple Issue Life Insurance

Guaranteed Issue Life Insurance offers coverage with no medical tests and little or no health questions. This type of coverage generally has a limited death benefit and often restricts payout in the first two years of the policy. If the insured dies by non-accidental means in the first two policy years, the death benefit is generally limited to a return of the premiums paid plus interest. This coverage is usually very expensive and may or may not accumulate cash values.

Simple Issue Life Insurance has no medical tests and three to twelve health questions. If all the health questions are answered “no”, the coverage is approved and issued. Some simple issue policies also restrict payout in the first two policy years.

Guaranteed or simple issue life insurance policies are ideal for clients that don’t want the bother of any medical tests or health questions, or may have health issues that would exclude them from traditional underwritten-type policies.

Contact your Global Advisor today for a quote or to arrange a review of your insurance needs.