BUYER
BEWARE
Buying life insurance without a licensed professional often means a two-year wait, rate hikes, or eventual expiration. Get expert guidance to avoid pitfalls.
Fact:
There's no magic plan or company... Just good advice and bad advice.
Don’t Fall for TV & Mail-In Insurance!
The Usual Suspects: Guaranteed Acceptance Plans to Watch Out For
Many well-known insurance companies market heavily on TV, through the mail, and online, offering "Guaranteed Acceptance" life insurance. While these plans may sound appealing, they often come with hidden drawbacks like waiting periods, inflated costs, and misleading advertising. Here’s a breakdown of some of the most common ones:
Launched on
January 1. 2023
VA Life
Quick Breakdown
VA Life offers guaranteed coverage for disabled veterans (0-100%) with no medical exam and up to $40,000 in whole life insurance.
✅ Guaranteed approval (service-connected disability required)
✅ 2-year waiting period (refund of premiums if non-accidental death)
✅ Fixed, affordable rates with cash value growth
✅ Available in $10,000 increments (max $40,000)
Key Features:
Who It's For:
✅ Veterans with serious health issues who may not qualify for private insurance
✅ Those wanting affordable, guaranteed lifetime coverage
Limitations:
2-year wait for full coverage
Please Read The FINE PRINT
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Type: Guaranteed Issue Whole Life
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Waiting Period: 2 years (refund of premiums if death is non-accidental)
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Key Details: Misleading $9.95 per unit pricing, low coverage amounts, and often overpriced compared to better options.
("9.95" Plan)
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