For many seniors, especially those with even minor medical conditions, traditional life insurance coverage is either cost-prohibitive or simply impossible to get. Fortunately, many carriers offer guaranteed issue life insurance policies, which ask no medical questions. For those who need to pass on a benefit to their beneficiaries, for funeral expenses or other purposes, guaranteed issue life coverage could be a viable option.
There is one more similar option called Simplified Issue where only a few medical questions are required. The difference is that the cost will be slightly lower than Guaranteed Issue.
The independent insurance advisors at HaasHaas + Associates would be happy to help you understand the costs and benefits available to you, and determine if this type of coverage would be valuable in your individual situation.