Special Considerations Guaranteed.

Issue Final Expense Insurance A guaranteed issue policy is a second type of final expense insurance.

A policy that does not require medical questions, an examination, or medical records will only be available to applicants with serious health issues.

These dependable issue strategies generally have a long term holding up period before advantages will be paid.

Beneficiaries will not receive the policy’s death benefit if the insured passes away during the waiting period.

However, they will receive a return of the policyholder’s premiums plus interest, typically at a rate of 10% per year.

Read our article on guaranteed issue life insurance for more information, including how life insurance companies can afford to offer them.