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What should I ask before obtaining a guaranteed issue coverage?
Wiki User
∙ 14y ago
You should ask what the benefits are, what is covered, the amount of premiums. Typically guaranteed issue coverage has a higher premium than other type of coverage. Also ask if it is a temporary ot permenant coverage.
Wiki User
∙ 14y ago
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What should I consider when purchasing a guaranteed life insurance package?
When purchasing guaranteed life insurance, you should consider whether you want to purchase guaranteed whole life or guaranteed term life. Benefits and coverage never change with guaranteed whole life. Guaranteed term life has lower premium, can be used to pay off high debt and no medical exam is needed. In addition, when purchasing guaranteed life insurance there is a waiting period before you receive full coverage, and you’re covered for a specific time period.
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