Guaranteed Acceptance Life Insurance - How to Get the Best Rate

If you havenít been able to get affordable life insurance because of your health, habits, or family medical history, Guaranteed Acceptance Life Insurance is an option you should consider.

What is Guaranteed Acceptance Life Insurance?

Guaranteed Acceptance Life Insurance offers protection for high-risk individuals. With Guaranteed Acceptance Life Insurance, the insurance company asks no health questions and requires no physical exam. In addition, your insurance cannot be canceled as you grow older, nor does the premium increase.

The Downside of Guaranteed Acceptance Life Insurance

Because insurance companies are taking a bigger risk when they offer Guaranteed Acceptance Life Insurance, they set limits on your benefits. For example, most companies limit the amount of insurance you can buy, usually offering no more than $20,000. However, you can buy Guaranteed Acceptance Life Insurance policies from multiple insurance companies. This allows you to build up a higher death benefit than you can get in one policy.

Another possible downside to Guaranteed Acceptance Life Insurance is that your benefits may be limited for the first few years of your policy. For example, if you die in the first year of your policy, your beneficiary may receive only a return of the premium plus 5 or 10% interest. The second year, the benefit could be 50% of the total benefit, while in the third year, the total benefit becomes available.

Finding the Best Rate on Guaranteed Acceptance Life Insurance

There are minimum age requirements for some Guaranteed Acceptance Life Insurance policies, and these policies are not available in all states. The easiest way to find out if a Guaranteed Acceptance Life Insurance policy is an option for you is to go to an insurance comparison website. On this website, you will complete a form with such basic information as your name, address, and beneficiary. You will then receive quotes from multiple A-rated life insurance companies and you can choose the company with the best rate for you.

Visit or click on the following link to get guaranteed acceptance life insurance quotes from top-rated companies and see how much you can save. You can get more insurance tips in their Articles section.

The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a extensively on guaranteed acceptance life insurance.