Official Senior Life Insurance Rates

Resource Center

Guaranteed Life Insurance For Seniors

You have probably heard about guaranteed life insurance for seniors. You may have also wondered whether it was really guaranteed, as we’ve all come to learn that nothing in life is truly guaranteed (except for death and taxes, of course).

But the answer is yes; these policies really are guaranteed, at least in the “life insurance” sense of the word. These policies do not discriminate against a person because of health and age. This means that in most cases, you cannot be turned down. Guaranteed life insurance could be a great option for people who are a little older or have health issues.

Here Are Some Advantages of a Guaranteed Life Insurance Policy:

  • Seniors in poor health or with existing medical conditions can benefit greatly from a Guaranteed Life Insurance Policy.
  • A high percentage of seniors opt for these types of policies due to their age and health status.
  • It is hard to believe, but true – no medical exam is required. Typically, you simply need to answer a few brief questions and can be approved immediately.

Here Are Some Disadvantages of Guaranteed Life Insurance for Seniors:

  • Guaranteed life insurance policies usually do not pay out until 24 months after the policy has been opened. This means that people who die during the 24-month period will not have any coverage. The good news is that the money paid will be refunded if the insured person dies during the 24-month period.
  • These policies are typically a lot more expensive than other types of life insurance, so be sure to shop around for rates and options.

Guaranteed senior life insurance may be a great option for people who are considered to be high risk by other insurance companies. However, it is not the best option for people who are looking for cheap life insurance. Guaranteed life insurance is one of the more expensive options. If you want to find out more about this type of life insurance, then you can use our simple online form to find policies in your area. We may be able to help you find one that is right for you.