Guaranteed life insurance, also known as guaranteed acceptance or guaranteed issue life insurance, is whole life insurance, a category denoting the permanent status of coverage compared to differenttypes of term life insurance. Most insurance companies require applicants to take a medical exam and answe...
To read more onAIG’s Guaranteed Issue Whole Life plan, click here. Gerber Guaranteed Issue Life Insurance The Gerber GI policy is a whole life policy for people between 50 and 80 years old.The premiums and death benefits are both level. You never need to worry about increas...
Insurance adviser Peter Katt of Mattawan, Michigan, says that the secondary guarantee policies are one reason why it's a mistake to shop based on who offers the lowest guaranteed premiums. There are two reasons to buy life insurance: to protect one's family if one dies young, and to pay ...
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