In health insurance, guaranteed issue refers to an approach in which a healthcare policy is offered to any and all eligible applicants,regardless of health status. Guaranteed issue rules allow individuals withpre-existing medical issuesto obtain health insurance, as their medical history is not taken...
Guaranteed issue life insurance is a type of whole life insurance that offers near-certain approval and doesn't require a medical exam to apply. It’s the easiest way to get life insurance to cover end-of-life expenses.
If you want to learn more about guaranteed issue life insurance or find out if it is the right type of life insurance for you, this guide will help you. People with certain medical conditions or health problems can find it difficult to obtain a traditional life insurance policy. However, ...
“The biggest issue when I audit clients’ policies is that they have too much death benefit or there’s not a clear goal for their universal insurance policy,” he says. “It’s important to figure out if the goal is to accumulate cash in the policy or provide a guaranteed death benefi...
Understand what short-term health insurance is by looking at what makes short-term health insurance different from regular major medical health plans.
If you can't claim the full Child Tax Credit because you owe less tax than the available credit, you may be able to claim the refundable Additional Child Tax Credit.
If you aren’t sure whether you’ll qualify for term life insurance with a health condition, working with an independent broker can help you compare options from top insurers in one place. Guaranteed issue life insurance Guaranteed issue whole life insuranceis a type offinal expense insurancepolic...
Guaranteed lifetime income streams offer current and future retirees assurances that they will not outlive their capital, a primary concern amongst aging adults. Essentially, annuities can offer investors a form of ‘insurance’ against life’s “what-if” scenarios....
A GUL policy is not the same as guaranteed issue life insurance or a guaranteed insurability rider.Guaranteed issue life insuranceguarantees acceptance when you apply for coverage. You cannot be turned down. For GUL, you need approval based on factors like your health and tobacco status to determ...
Guaranteed issue life insurance, or guaranteed acceptance life insurance, is a type ofwhole life insurancepolicy that does not require you to answer health questions, undergo a medical exam, or allow an insurance company to review your medical and prescription records. You may also see it referred...