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Three Guaranteed Issue Life Solutions From Assumption Life
Assumption Life has made a big splash in the guaranteed issue life insurance market. Guaranteed issue life insurance is a policy which is geared towards individuals who are not in optimal health but have a need for life insurance. These policies are issued without a medical test and with limited proof of insurability. Most guaranteed issue plans limit the death benefit in the first two policy years but Assumption Life’s Golden Protection and Golden Protection Plus pay out from day one.
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Life insurance can be very stressful and often confusing. It’s good to know what’s available before making a decision. Shopping around is the best tactic to finding the right insurance for you.
Hi Lorne,
What would the rate be for Ralph for the Golden Peotection life insurance for $30,000.00? He was 70 on Oct. 17,2008 and is a non smoker.
Lois Peckham
Thanks Lois. I will send you a quote in a seperate email. Best Regards … Lorne
I believe the advantage of this type of life insurance lies in its convenience, which can be attractive to a lot of people. That was a sound idea of the company.
Thanks for the note. I think a key advantage is it allows people to get coverage who would not normally qualify for insurance. As the population ages this market is increasing. Regards … Lorne
What would a gauranteed issue life cost for a 44 year old non smoker female, with death benefit of $10,000 cost please? She has cancer
Thanks for the note. $10,000 of Golden Protection with Assumption Life would be $22.55 a month. The insured would have to had been diagnosed with cancer over 2 years ago and had no change in treatment the last 2 years.