What is meant by the terms Guaranteed Acceptance Life Insurance? For most life insurance companies this simply means that each individual who applies for life insurance is guaranteed to be accepted by the life insurance company that issues the coverage. There are several life insurance companies that provide Guaranteed Acceptance Life Insurance. Some of these companies are:

• Colonial Penn
• New York Life
• AARP
• Met Life
• ING

Guaranteed Acceptance Life Insurance Terms

Guaranteed Acceptance Life Insurance means that you will qualify for life insurance unless one of two things is in place; you are in a hospital right now or that you residing in a nursing or long term care facility. This type of life insurance is usually purchased by individuals who have health conditions that would ordinarily exclude them from purchasing life insurance plans from other insurance companies.

guaranteed life insurance

The monthly premiums for guaranteed life insurance policies are usually quite high, at least higher than traditional life insurance policies, but they are great for these individuals who have no other choice in the matter. Many individuals who are accepted for guaranteed life insurance are those who are at least 50 years of age, and insurance can be purchased by those individuals up to the age of 80.

Another component of Guaranteed Acceptance Life Insurance is that there is no underwriting needed so this really eliminates the traditional waiting period to allow an insurance company to complete the policy, which is usually at least one month and can be as long as 6 weeks. A guaranteed plan usually can be completed over the telephone in as little as 15 or 20 minutes.

Look for Colonial Penn Life Insurance reviews like this one on the Web in order to make an informed decision about purchasing policies to meet your needs. Colonial Penn Life Insurance provides among the best values in insurance coverage.

Colonial Penn Life Insurance reviews consumer satisfaction on an ongoing basis to make sure policies and customer service meet the needs of consumers in this very competitive market. The company is among the largest insurance providers in the world; yet, Colonial Penn offers quality, personalized service to its policyholder.

Consumer Benefits From Holding Colonial Penn Life Insurance Products
The company stands above other insurers by virtue of some allowances made to policyholders:
•    Maintains bias-free standards for all policyholders regardless of gender and age.
•    Offers a thirty day grace period on all policies for easy withdrawal.
•    Full refunds are simply awarded following withdrawal.

colonial life insurance reviews

Colonial Penn’s Flexible Purchasing Procedures
The company provides advantages for prospective customers seeking insurance coverage.
•    Customers are not required to be physically present to purchase coverage.
•    A Colonial Penn website provides total customer access for coverage application.
•    Customers can save time and travel expenses while applying for insurance coverage.

Insurance Quotes Fitting Customer Needs
Colonial Penn quotes policy coverage focused on customer age, gender and personal circumstances. The Colonial Penn quote service benefits customers by:
•    Tailoring policies to meet specific customer needs and circumstances.
•    Customers filter only the quotes that are relevant to their situation and needs without unnecessary hassles of interpreting data and useless information which can confuse and lead to lost time and money.
•    Policy quotes include a payment structure which fits the budget of each prospective customer keeping insurance payments affordable and economical.

In Closing