Guaranteed Term Life Insurance

 

Stick with me for two minutes, and you’ll get a better grasp of guaranteed term life insurance than most life insurance agents.  It’s not difficult to understand, but most agents only ever learn the benefits of term insurance, rather than how it actually works.

Guaranteed Issue Vs. Guaranteed Premium & Death Benefit

It’s important to understand first of all, that there is a type of life insurance known as guaranteed issue.  This is where it doesn’t matter even if you have terminal cancer.  You’re guaranteed to qualify at astronomical premiums.  This article refers to the type of term life coverage that you must qualify for medically, so guaranteed term life insurance refers to the premiums that are guaranteed to stay level for the duration of the term and a death benefit that is guaranteed not to decrease as long as you pay your premiums.