How Does Guaranteed Issue Life Insurance Work?

Is No Questions Asked Life Insurance For Real?

If you have seen issues for guaranteed issue life insurance, you may think it is too good to be true. How can an insurer hope to profit if they do not require a medical exam or even ask any health questions? Well, I hope you do not spend a lot of time worrying about how life insurance companies make money. Trust me. They have ways.

Guranteed issue, or no questions life insurance, work because they usually use a waiting period instead of health underwrting exams or questions. These means that a terminaly ill person cannot take out a million dollar policy and hope he or she has a good chance of passing that benefit on the the family.