The thought of taking out life insurance tends to become more pressing the older we get – but finding a suitable policy can also become more difficult the longer we leave it. Age, illness and lifestyle can all have an effect on your life insurance quotes and some companies may even decline to accept your policy if they don’t think you’re a suitable candidate.
If you think that might be the case for you, it’s well worth looking at the options available from one of the providers who offer guaranteed acceptance life insurance.
Choosing guaranteed acceptance life insurance policies
When calculating an insurance policy, the provider will take a lot of factors into consideration. These factors are used to determine how profitable the deal is likely to be for the insurance company and how much the monthly contribution should be to cover the costs. Many insurance providers also ask potential clients to undergo a medical check as part of the process. This can be a problem for some people, especially those who are getting a little older and have existing medical conditions.
Guaranteed acceptance life insurance policies offer an alternative, as they offer cover with no questions asked. The main downside of these policies tends to be the fact that they are more expensive than the average cover, as the provider compensates for the unexpected. However, this can be a small price to pay when it comes to getting cover you may not otherwise be considered eligible for.
Normally marketed to the over 50s market, guaranteed acceptance life insurance is offered by a wide number of different providers. For some help narrowing down which companies may be able to give you the best deal, try a no medical life insurance check on Compare.com. Money.co.uk is another good place to compare different providers and find the cheapest, most effective life cover for you. Some policies even let you choose exactly how much you’d like to pay each month, although the amount you pay will relate directly to the cover you receive.
Questions about life insurance
As with any insurance policy, you’re likely to have a lot of questions about what your agreement will cover, how it works and how you can lower your monthly payments. You’ll find some very useful information and advice from MoneySupermarket, which has put together a handy list of life insurance FAQs. If you have any questions about a life insurance policy or you want to know more about how guaranteed acceptance insurance works, be sure to get in touch with a qualified insurance agent – they can help you make an informed decision about the cover that will best suit your circumstances.
Enjoy the peace of mind that comes with a comprehensive life insurance policy even as you grow older and encounter underlying health problems, find out more about the guaranteed acceptance life insurance policies that could offer you cover. Start with Find.co.uk’s list of the 10 best life insurance policies and see which companies are offering the best cover.
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