Home   Type of Insurance    Insurance Quote    Agents Listed

The Guaranteed Issue Whole Life Products differ in several ways. 

These are products you can purchase with NO HEALTH Questions although some of these products will have Several Knock Out Questions on the application (such as, have you ever tested positive for HIV etc.) and some may not have any questions about your health.

• Guaranteed Issue (Graded Benefit Whole Life - Modified Whole Life)

Below are two examples of how some of the Products Pay your graded death benefit.

1. During the first year if you should die the beneficiary will receive all premiums paid plus 35% of the Death Benefit.  If you should die during the 2nd year the benefit will be paid at 70% ( If you had a $10,000 plan the beneficiary would receive $3,500 if you died during the 1st year and $7,000 if you died during the 2nd year). Starting the 3rd year the full $10,000 would be paid.  This policy builds cash value and if you are killed accidental during the first two years the full benefit would be paid. 
2. During the first two years if you should die the beneficiary will receive all premiums paid plus 10%.  Starting the 3rd year the full $10,000 would be paid.  This policy builds cash value and if you are killed accidental during the first two years the full benefit would be paid

The Graded Benefit Whole Life Policy should require no Physical Examination, Fixed Premiums (never go up), Build Cash Value and Can't be Canceled as long as premiums are paid.

This does not show all of the Guaranteed Whole Life examples.  Be sure to read all Insurance Company information about the policy before you purchase.  The policy should have a free look period so you when you receive the policy check it over and make sure it is what you purchased. If not ask for a Refund. 

The above coverage is for consumers that have HEALTH PROBLEMS.  Your Agent should try to get a standard plan issued for you and if you cannot qualify then this type product would be in your best interest.  Almost everyone can purchase Life Insurance in today's market.