Guaranteed Issue Whole Life is a form of Final Expense Life Insurance that provides $5,000 to $25,000 in coverage for a fixed rate. It was designed to meet the needs of senior adults ages 50 to 80. Premiums start at $20 per month* for a $5,000 coverage policy (premiums will vary based on issue age, gender, and coverage amount). Additionally, rates and premiums are guaranteed not to increase. No medical examination and no health questions are required, and consumers are guaranteed coverage through automatic qualification.

 

 

Living benefits are also included at no extra cost, including coverages for chronic or terminal illnesses. Benefits include:

• Chronic Illness — If two of the six daily living activities (bathing, continence, dressing, eating, toileting, or transferring) cannot be performed by the insured, or the insured is impaired by a severe cognitive degenerative disease such as Alzheimer's or dementia, the benefit status will be activated, and all premiums paid will be returned.

• Terminal Illness — If the covered party has a certified illness or condition that is estimated to result in death within 24 months, the benefit provides 50% of the applicable death allowance at the time of acceleration.