How can guaranteed life insurance help you?
If you are between the ages of 50 and 75 and may not have fruitful retirement savings, guaranteed life insurance may help your beneficiaries cover expenses in the event of your passing. Though it is not usually purchased to help cover major debts, it can help your beneficiaries with expenses up to $15,000 in value.
Guaranteed Issue Life Insurance
To help determine whether guaranteed issue life insurance may be right for you, you should:
1. Evaluate what expenses your beneficiaries may have to pay off when you are gone
2. Make an estimate of the total of these expenses.
Guaranteed Life Insurance
Guaranteed life insurance may be your least expensive option if your total debts run between $3000 and $15000 (typical amount of guaranteed life insurance, according to Gerber Life).
If your health is not in perfect standing, guaranteed life insurance may be an appropriate choice for you. Unlike term life insurance policies, guaranteed life is a form of no medical exam life insurance. You may be worried that you won`t be able to qualify for a life insurance policy as a smoker or someone with a poor medical history; however, to be approved for guaranteed life, no health-related questions will generally be asked of you.
Are you unsure of the future of your financial standing? Unlike term life insurance, guaranteed life insurance generally accumulates a cash value that you can borrow against if you are in need of money now. This coverage will generally last for the rest of your days and may be a great retirement tool due to its cash value properties. Coverage can last an entirety of a lifetime and may be considered more of a beneficial retirement tool considering its cash value properties.
Is guaranteed life insurance affordable for you?
Many credible insurance providers may offer you competitive quotes on guaranteed life insurance policies. Gerber Guaranteed Life Insurance rates may run as low as $15.25 a month for a $3,000 policy and $72.25 a month for a $15,000 policy (policy quoted for a 50-year old male in New York, as on 12/19/2011). This policy may be your optimal choice; figure out if it`s right for you.
If you would like to receive a free, no-obligation quote, you can do so by filling out this simple quote form.