3 Pros and 3 Cons of Guaranteed Issue Life Insurance

3 Pros and 3 Cons of Guaranteed Issue Life Insurance

by Nick Reiter, January 5, 2022

Guaranteed issue life insurance is often available even to people who wouldn’t qualify for most term or whole life insurance policies. While it may sound attractive to apply for a policy with guaranteed approval, there are some serious downsides to this type of life insurance as well.

Before buying guaranteed issue life insurance, consider these advantages and disadvantages.

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