If you are a US citizen or permanent legal resident between the ages of 50 to 80, you can choose to purchase from $5,000 to $25,000 of guaranteed issue life insurance.
Many, many individuals cannot qualify for medically underwritten life insurance. This is the answer for you especially if you want to create a tax final expense fund to pay burial costs, your misc. debts or funds for a loved one if you should pass away.
This policy does not have any health questions. None at all. They will not request a physical or request your health records. If death occurs because of an accidental means in the first 2 years the death benefit is paid in-full. If the insured dies from other than accidental means the beneficiary receives the earned premiums plus 10% interest.
If death occurs starting the 25th month the full death benefit will be paid to the beneficiary tax free.
Both Jon and I have written many of these plans and have delivered benefit checks. If you would ask the beneficiary about the check they will tell you that it is not enough!
If you are in this situation or know someone close to you that needs coverage give us a call.