#1 Gerber: If you are between the ages of 50 and 80, you can choose from $5,000 to $25,000 in guaranteed life insurance from Gerber Life. The application process is simple and easy. No medical exam is required and there are no health questions to answer. Your acceptance – regardless of your health – is guaranteed.
#2 AIG: AIG offers $5,000 to $25,000 in guaranteed acceptance for individuals between the ages of 50 and 80. The application process is easy and fast. Most cases have no waiting period and as a result are processed within 15 minutes. You also can’t be turned down for health reasons.
#3 Great Western: Great Western offers the highest coverage amount limit of $40,000 ($48,000 in some scenarios), for individuals between ages 40 and 85. This makes Great Western the only product available for high-risk individuals under the age of 50.
Great Western is 10-25% more expensive than Gerber or AIG, because it’s policy is unique. If you can answer three medical questions, you can get $48,000 in guaranteed acceptance coverage.
Finally, Great Western’s guaranteed acceptance life insurance also includes two additional benefits:
- Accelerated Death Benefit will pay the current value of your policy if you have less than 12 months to live due to a terminal illness diagnosis.
- Children’s Insurance Benefit Rider, this allows you to get a life insurance policy on a dependent child or grandchild for $2,500 for just $1/month.