Guaranteed Issue Whole Life Insurance is available to anyone between 18 and 85, typically. Guaranteed Issue Whole Life Insurance also avoids the many restrictions of traditional life insurance policies.
With this type of life insurance the face amount is determined by the your age and the premium amount you select. This policy increases cash value and offers the insured the ability to borrow against that value or cash in the policy. Typically, during the first policy year the death benefit will equal all premiums paid plus interest. However, in the second year, the death benefit equals 1/2 the face amount. Accidental within the first two years generally equals the full face amount of the policy.
Life Insurance Calculator
- Enter your current assets, expenses, income and let us determine how much life insurance you need.