Most traditional life insurance plans place a lot of restrictions on the insured to obtain life insurance coverage. Such restrictions like the medical conditions, age, and some other factors might make it impossible for some people to obtain an insurance plan even if they desperately need it. Guaranteed Acceptance Life removes such restrictions and makes it easy for you to obtain permanent life insurance.
As the name implies, Guaranteed Acceptance is a “Guaranteed Issue” insurance. This means that you don’t need any medical exams or blood test to be eligible for this plan. This insurance plan is simple, effective and it serves as a succor to a lot of people who have been turned down by the virtue of being ineligible for some other insurance plans.
What Makes Guaranteed Acceptance Insurance Plan to Stand Out?
Although there is no discrimination in terms of age and medical condition in the issuance of this plan, however, your age will determine the minimum face amount on your policy. The minimum face amount for people aged between 18 and 60 is $10,000 and for seniors between 61 and 75, the minimum face amount is $5,000.