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.

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.

• Freedom to spend other assets in retirement

• Increase social security benefits for self and others

• Tax diversification