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Helping people get coverage, regardless of health |
    
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Helping people get coverage, regardless of health |
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In Reply to: Re: Who can be insured? posted by Webmaster on July 18, 19103 at 06:46:04:
With a guaranteed issue product, even an inmate or someone terminally ill (or both) will get covered, however, they will only get paid their death benefit on a percentage of the face value (aka graded life insurance). If they die in the first year, you only get a return of premium plus a modest interest rate, second year death would result in 10-20% payout of the face value etc.
Here are some other life insurance websites for your perusal:
: Beau
: Anyone still living can buy a life insurance policy. However, I have never gotten the deathrow question and am anxious to find out the answer.
: I think if the insured is incarcerated, they may not cover him period. But if he is otherwise only terminal, he would qualify for a no questions asked or graded benefit policy.
: Click on [ Insurance Quotes ] at the top or bottom of the page.
: Webmaster
: : Are the terminally ill eligible for life insurance if they do not already have it? Can the spouse of a death row inmate buy a policy for him/her? If I loan money to friends, thereby establishing a financial interest, can I buy life insurance policies for them, making myself the beneficiary? With regard to the previous question, are there any legal guidelines to what loan amount would constitute a "financial interest"?