At Pinnacle, we understand that life insurance underwriting can be very tedious and strict, even for clients that are in the best of health, so we need to take that into account to make sure that we’re offering the correct type of plan based on the client’s budget and health conditions.  Selling Guaranteed Issue Final Expense as part of what you have available to offer your clients is a must.  Having something for everyone is only prudent when conducting your business.

Guaranteed Issue final expense plans are the solution for clients who cannot qualify for underwritten life insurance. These are permanent life insurance plans that have absolutely no health questions and your clients are automatically accepted regardless of their health. Perhaps they have multiple health issues such as heart disease, diabetes, or Alzheimer’s disease and they have been declined exhaustively by multiple insurance carriers. This is the perfect type of plan for that client. Perhaps they were recently diagnosed with cancer or currently have cancer. This is the perfect type of plan for that client. 

Guaranteed Issue final expense plans generally offer face amounts that range from $5,000 to $25,000 and automatically include a limited death benefit for the first 2 years of the policy. This means that if death occurs in the first 2 years of the policy, then the death benefit will typically be ‘return of all premiums plus interest’. If death occurs after the first 2 policy years, then the full death benefit will be paid out to the client’s beneficiary. The 2-year limited death benefit is automatically included in order to offset the ‘no underwriting’ feature of the plan. 

At Pinnacle Financial Services, we have multiple guaranteed issue products that you can offer your clients.