In Sickness and In Life Insurance

Not a few people have been denied life insurance premiums due to their jobs, age and medical conditions. This takes out the hope for these people to ensure the future of their families when they have crossed from life to death.

For people with serious conditions like risks of another heart attack, starting stages of cancer or other life threatening illnesses, getting a life insurance is a miracle too elusive to get. What many of them do not know is that THEY HAVE AN OPTION. After all, miracles happen every day don’t they?

This miracle may not as big as a cure for their life conditions, but it is something that they could leave to their loved ones for when they are gone. It is called the guaranteed issue life insurance.

How this type of insurance works

The Guaranteed Issue Life Insurance allows for people with medical conditions to avail of a life insurance policy where other insurance policy providers have denied them. It is ideal for people who are diagnosed with serious medical conditions but are not terminal and people who have had heart attack in the past.

It has higher a higher premium rate since it covers for people with higher medical risks and the payout terms are different from other life insurance such as the ones you find on affordablelifeinsurance1.com. It is usually a lump sum paid to the beneficiary at the time of death of the insurance holder. Usually, but not generally and depending on the insurance company, the family of the holder gets 25% of the premium if the policy holder dies within one year of purchase, and escalates to 50% if the death occurs within 2 years.

This is not the common cheap life insurance. It lets the insurance company cover for someone who is most likely to die in a few years’ time. For Cheaper and other types of life insurance, look for the best price quotes at Lifeinsurancespot.com for comparison.