Guaranteed Life Insurance - When is it appropriate?

I'm sure most of us heard about the latest advertising campaign in the field of life insurance.  You may qualify for medical life insurance is not the seller would call.  It is a very attractive - without bothering to fill in forms with health problems should undergo a medical examination and probably the best in the entire agreement - not a pushy seller.

At first glance looks like a really excellent job. However, all this comes easily to high price, and the issue of guaranteed plans have several serious concerns.

First, coverage is usually between $ 5,000 and $ 50,000 U.S. is limited. Some complex projects and gives you the opportunity to make a more realistic accident coverage cheap and worthless, which doubles or triples the total benefits if he died because of an accident. The problem is that the vast majority of insurance claims is not an accident continues, this number decreased as the insured ages.

Second, the cost of premiums for plans over traditional life insurance, in some cases up to 300%. This makes sense because the programs are even healthy people and those in poor health are in the same boat - people who have problems in the normal insurance mainly for this type of misleading information.

Third, the benefits of death is usually a refund of the premium plus interest during the first two years will be modest, because the security policy plan does not matter if the insured dies by accident. As already mentioned, this is highly unlikely.

Fourthly - and covers the point fool most in advertising - there is no real guarantee that will be adopted in this life. In most cases you'll still have to answer basic questions about health. This makes it unlikely that insurance companies can filter the high-risk customers.

Despite these facts, secure life insurance still makes sense in some cases. If you have a problem for traditional life insurance, but rejected several times, you should consult an insurance agent for independent living and ask him / her, you will find a plan that will surprise you with a healthy group of people and commodities carried lower. Otherwise, it is likely that traditional politics is likely to be available at lower prices than the securities of the issue of life.