Will I Have to Endure a Waiting Period for Full Guaranteed Issue Life Insurance Coverage? No!
Have you been trying to find a Full Life Insurance Coverage Policy for seniors with no waiting period that will give you day one protection? In this article, we are going to clearly lay out how it can be done and how it can’t be done.
First, the good new getting a final expense full coverage policy with no waiting time is 100% possible. No waiting time meaning that you are covered day one. You make a single payment, and your loved ones get the comfort of the full benefit (for example $10,000).
It’s also possible that you will have to wait 2 years. In other words, you will have to make monthly payments for a 2 year period before the full benefit goes into effect.
But which one applies to me?
Years ago, insurance companies learned that if they gave Guaranteed Issue to folks with NO medical questions, unsavory agents would head out to the local hospice and sign up folks on their deathbed. They would make one payment … drop dead … and the insurance company would be on the hook for the full balance.
So along came the two year waiting period. You would show that you are sincere about having coverage, but you would have to make 24 payments before that coverage would go fully into effect. Now, this 2 year rule is not the end of the world, as insurance companies are very decent and return any payments you might have made to your loved ones.
It’s just not quite as good as having coverage from day one.
But yes, Day ONE coverage is possible, in fact I would say 80-90% of all policies we right go fully into effect the very day you make that first payment.
Here is the really good news. Insurance companies don’t expect you to be perfect. They know old folks have a lot of wear and tear on their bodies and they know that you will rarely find someone that is perfect. Or even close to perfect for that matter.
Folks are beat up. They take pills … Maybe they even had cancer 4 or 5 years ago.
Insurance companies know this and they are willing to accept it and give instant or same day approval and full coverage right off the bat.
This writer (Gary P. Cubeta’s) Mom was 85 years old. My Mom took so many pills, we couldn’t keep them straight. She had artificial knees and hips and took prednisone for 10 years and it was just a train wreck when it came to her general health.
Yet she was still approved for SAME DAY full coverage with us. No 2 year waiting period.
Now, if she had cancer, was in a hospice maybe had other issues, we still would have gotten her coverage, but she would have to wait the 2 years.
But here is the kicker … it is now 3 years later and even with all of her bad health, my Mom is still relatively fine. She could easily last another 10 years. So the 2 year waiting period wouldn’t have been a problem for her and she lived right past it.
But again yes … We all agree instant full coverage is better. And she got that coverage. And if you saw her limping around, filling herself with pills that we will all hopefully never have to take, you would be amazed that we EASILY found an A rated insurer to take her day one.
Nobody does this better than we do.
You can easily save up to half, just by dealing with us.
Now you might say, Gary, how can you say that? And how can we trust you when you are making such bold claims.
Well, it is actually very simple.
We deal with MANY different carriers like Mutual of Omaha, Americo, Royal Neighbors and others. Your local insurance agent probably deals with only ONE.Get your same day life insurance quote today!
You have zero flexibility with them. Now why would they only handle one product? Good question, but the answer is simple. In the insurance industry there is something known as being a captive agent. A captive agent works for an insurance agency (State Farm for example).
The reason an agent wants to be captive is they get paid a salary, have an office provided to them and don’t have to pay for leads. It is a sweet deal for those with limited skills.
On the other hand, we are totally independent. We only answer to two groups:
- You Our Clients
- The Insurance companies themselves.
They want us to represent them well, so we always have to be honest and straight forward with our clients to keep both sides happy. These are checks and balances that actual work for your benefit.
We can deal with any carrier we want. And the prices and terms can swing wildly. For example we have seen Final Expense Burial coverage that costs $130 per month from one carrier and only $43 a month, for the exact same coverage from another.
And yes, we give our clients the lowest price we can for life insurance no waiting period.
Why? So you won’t cancel because the payments are too high and the waiting periods can be impossible. Some agents just looking for easy commission will try and sell you the most expensive policy imaginable. We don’t. We do the exact opposite.
The insurance companies are not happy when folks cancel. So they will charge back the commission some newer and unfocused agents have made with their overpriced policies.
Trust in us. We specialize in dealing with as many carriers as possible and passing on the savings to you and your loved ones.
Things that can be wrong with your Health that will make you have a waiting period of 2 years for FULL coverage life insurance no waiting period:
- You have a terminal illness and have less than 2 years to live
- Hospice Care
- If you CURRENTLY have active Cancer
- Nursing home, hospice, etc …
- Organ transplant that has been recently done or will be done
- Heart attacks are typically accepted, unless it has occurred in the last 12 months
- Stroke last 12 months
- Heart Surgery last 12 months
- Insulin shock/diabetic coma last 24 months
Now most folks we deal with don’t have any of the above. Only about 15% of the folks we deal with end up in the Guaranteed Issue 2 year waiting period coverage.
And again, that’s not the end of the world, because the 2 years go by fast.
Surely we can all understand that the insurance companies do not want to give FULL coverage to someone who has just had a heart attack or is in hospice. But the time is now! Call to get your Guaranteed Life Insurance with no waiting period and ensure that your loved ones will be at peace.
Gary P. Cubeta
(Serving Americans In All 50 States)