The short is answer is yes – you can get a burial insurance policy with no health questions asked, with instant approval!
All you have to do is fill out a quote form or give us a call to get approved for one of these policies!
That being said, there are few reasons to get a guaranteed issue, no health questions asked policy. The reason we do not recommend these if you can is because they all come with a two year waiting period. This basically means if you die within the waiting period, the insurance company only pays out what you’ve paid in with your monthly payment, with some extra interest.
But if you want instant approval with no complicated health questions or interviews, or have a serious health condition like cancer, these policies are for you!
What are no health questions asked policies good for?
Guaranteed issue life insurance provides an option for people who have been denied or know they will be denied life insurance from other companies, or the cost with the other companies is too high to be affordable due to their health conditions.
These companies will not check medical or prescription history. You could any number of serious health conditions. you can even have cancer, and you can still get affordable coverage.
So what’s the catch?
As we mentioned before, all no health question policies have a 2 year waiting period (sometimes 3 years) before they pay full benefits. Once the waiting period has passed, you are fully covered for life.
Who Can Qualify?
While there are no health requirements to qualify for any of these no health questions plans, there are a few other requirements we should mention!
Most guaranteed issue carriers only insure people ages 50-80, with some offering coverage for those as young as 40, but that is rare.
No health question plans are not available from every carrier in every state.
You must be able to enter into a contract. So if you have or are shopping for someone who has dementia, they must have the mental capacity to sign. It is still possible to get coverage!
When Should You Buy A No Health Questions Policy?
There are only a few reasons why you should get one of these guaranteed issue policies.
1. Personal Preference
Some people want to get approved as fast as possible, and don’t want to have to go through all of the health questions that traditional burial insurance will ask. If you are one of these people, go ahead and give us a call or fill out the quote form and we will help you out as fast as possible!
2. You’ve Been Declined Before
If you can’t get any coverage anywhere else, or have had the insurance company come back to you with a higher rate than applied for, you may only qualify for guaranteed issue coverage.
That being said, we are confident that we can find level coverage for you unless you have a very serious medical condition like cancer or alzheimer’s.
3. It Is The Cheapest Option
Occasionally, you are eligible for coverage with a traditional burial insurance company, but because of your health conditions, they all charge you an arm and a leg. In this case, a policy with no health questions asked by a guaranteed issue carrier might be the cheapest option for you.
Give us a call if you have a lot of serious medical questions and we can find you the cheapest rates.
When Should You Not Buy A No Health Questions Policy?
To be quite frank, if you qualify for a plan that asks you health questions with no waiting period, you should take it. Those saying you do not qualify for immediate coverage many times have not done the necessary grunt work for you to have the coverage you deserve, immediate coverage.
While not everyone can qualify, we will do our absolute best to find something for you with no waiting period.
Those that have few or no serious medical health issues, outside of the normal things like high blood pressure or cholesterol, should find a policy that asks health questions and offers level, immediate coverage.
How To Buy A Guaranteed Issue Policy?
The application process for a burial insurance policy with no health questions asked is very fast and simple! And we can help you every step of the way.
BUT, you should know that there are a lot of no health questions policies out there, and they are not all the same cost. Unfortunately, some are only sold by captive agents who don’t shop around for the best rate for you like we do at Seniors Mutual.
Seniors Mutual is an independent agency, so we don’t care which carrier that you go with, we just find you the lowest rate.
Once you’ve determined that you want a no health questions asked policy, send in your application asap so you can start working through the waiting period.
You can send in your application at no cost to you by filling out our quote form or giving us a call today!