• No health questions asked
• No physical examination
• Guaranteed Acceptance regardless of your health or habit history
• Locked-in level premium for life
• Some cash savings called cash value
• Modified benefits in first few years
• Insurance that can never be cancelled by the insurance company as you grow older

If you've been refused insurance or been offered a plan with a high surcharge because of your health, habits or family medical history, Guaranteed Acceptance Life Insurance is an option. Companies that offer this type of protection for individuals classified as high risk ask no health questions. Your need only indicate basic information such as name, address and beneficiary on the application to obtain the life insurance.

Insurance companies offset the lack of medical information which would normally be gained by review of your history, called underwriting, by limiting the death benefit. In the intitial years, the protection may be a percentage of the total life insurance you purchase. Companies further limit the amount of total insurance they will offer such as amounts between $5,000 and $20,000.

For example, if the plan were to have a total ultimate benefit of $10,000, in the first year the benefit could be a return of premium plus interest such as 5 or 10% - similar to a savings account. In year two, the benefit could be 50% of the ultimate benefit, or $5,000, and in year three the total protection of $10,000 would be available (see each plan for its schedule of benefit). Once the waiting period is over so is the time of limited benefit. Thereafter, the full benefit is always available provided the premium is paid on time.

Note: Guaranteed Acceptance Life Insurance is not available in all states and there are minimum age requirements. You can find plans that are available to you by completing Personalized Quote.

How to Get More Life Insurance
While a respective insurance company will have a maximum amount of life insurance protection available, you can purchase as many policies as you can qualify for from different insurance companies. This allows you to have a total higher death benefit than would be available in one policy.