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Guaranteed Issue

Life Insurance

Guaranteed Issue Life Insurance is a special type of Final Expense Insurance available for an individual with serious health issues and would only qualify for a policy that does not require medical questions or an exam. 
 
Individuals may want this type of guaranteed issue policy because it does not require health questions; however, they must be aware that there is usually a two—or three-year waiting period before benefits are paid.

If the insured dies during the waiting period, the beneficiaries will not receive the policy’s death benefit. They will, however, receive a return of the premiums the policyholder paid—plus interest, usually at a rate of around 10%.
If you are healthy, this would not be the best plan for you because the rates are higher, and coverage does not start on day one. 

Medicare has neither reviewed nor endorsed this information. Not connected with or endorsed by the United States government or the federal Medicare program.
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Torain White

TWhite Insurance

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This is a proprietary website and is not associated, endorsed, or authorized by the Social Security Administration, the Department of Health and Human Services or the Center for Medicare and Medicaid Services. This site contains decision-support content and information about Medicare, services related to Medicare and services for people with Medicare. If you would like to find more information about the Medicare program please visit the Official U.S. Government Site for People with Medicare located at http://www.medicare.gov.
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