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Great Western Life Insurance

The Great Western Life Insurance Company offers final expense

Quick Article Guide:
1. What Sets Great Western Apart from the other Insurance Companies?
2. Can I Buy Guaranteed Acceptance Life Insurance without a 2-Year Wait?

What Sets Great Western Apart from their Competition?

There are hundreds of companies that offer final expense life insurance, but most of these policies have a “two-year waiting period.” In other words, if you were to die from a health-related issue during the first two years of coverage, your loved ones would not receive the full death-benefit from your policy.

The Assurance Plus policy from the Great Western Life Insurance Company bucks the trend by offering up to $40,000 of immediate coverage to eligible applicants between the ages of 40 and 80. Purchasing coverage is simple, but in order to qualify for this policy, you must be able to answer “NO” to 3 health questions.

That’s it. No medical exams, doctor’s offices, underwriter interviews, or blood tests!

Do I Qualify for Guaranteed Issue Life Insurance without A Waiting Period?

As of August 2019, Great Western’s Assurance Plus policy is available in 43 states, excluding Alaska, Connecticut, D.C., Delaware, Hawaii, New York, Maine, and Vermont. To determine your eligibility for immediate coverage, a licensed life insurance agent will ask you the following 3 questions:

1. In the last two years, has the applicant been diagnosed by a licensed medical doctor as terminally ill, been in hospice, or been confined or been advised to be confined to a hospital or nursing home for more than five days?

2. Is the applicant unable to independently perform routine activities such as bathing, dressing, eating, toileting, or transferring to or from a bed or chair?

3. In the last two years, has the applicant been diagnosed with, been prescribed medication for or treated by a healthcare provider for any of the following diseases: Cancer (other than basal cell carcinoma), Tumor, Insulin-Dependent Diabetes, or any Disorder of the Blood, Kidney, Lung, Brain, Heart, Circulatory System, or Liver?

For Prescriptions: Please do not mark “Yes” if the prescription(s) is a maintenance medication and has remained the same (or generic equivalent) at the same or at a decreased dosage for the past two years.

For Treatments: Please do not mark “Yes” if your visit(s) with you health care provider in the last two years was a routine review of your maintenance medication and no additional treatment was given or diagnosis was made during your visit(s).

According to Great Western’s application: “If all of the health questions are answered “NO,” the Proposed Insured is eligible for a Level Death Benefit.” (This means immediate life insurance coverage without a waiting period).

This post first appeared on JRC Insurance Group: Term Life Insurance Quotes, please read the originial post: here

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