Guaranteed Acceptance Life Insurance in New Hampshire - Ages 18-85, No Exams

Guaranteed issue life insurance in New Hampshire caters predominantly to individuals who face challenges in qualifying for traditional life insurance due to health issues.

If you fall into the age bracket of 50 to 85 and have medical conditions like diabetes or heart disease, guaranteed issue life insurance could be just the option you need.

This type of insurance provides coverage without requiring a medical exam or health questions, ensuring peace of mind by preparing for funeral expenses or outstanding debts.

Guide to New Hampshire Guaranteed Life Insurance

Quick Review

Guaranteed issue life insurance in New Hampshire is a type of life insurance policy that is available without the need for a medical exam or health questions, making it accessible to individuals who may have pre-existing health conditions.

This type of policy typically offers lower coverage amounts and higher premiums compared to traditional life insurance, as insurers take on more risk by not assessing the applicant's health.

It is often considered by those who may not qualify for other types of life insurance due to age or health issues, providing a way to ensure some financial protection for beneficiaries.

Guaranteed Life Insurance: Features and Benefits

Here are some features and benefits of guaranteed issue life insurance:

• No Medical Exam Required: You don’t need to undergo a health evaluation or answer medical queries.
• Simplified Approval: Ideal for seniors or those with poor health seeking rapid acceptance.
• Fixed Premiums: Once established, your premiums will not rise, helping with budget planning.
• Permanent Coverage: You’re covered for life, provided premiums are paid consistently.
• Accumulates Cash Value: Over time, the policy can build up cash value, which can be borrowed against.

Guaranteed Approval Life Insurance: Limitations

However, there are notable limitations to be aware of:

• Higher Premiums: Costs are generally above those of traditional life insurance.
• Limited Coverage Amounts: Policies typically cap at around $25,000 or $75,000, limiting the scope of financial protection.
• Graded Death Benefits: Full benefits are often only available after a two-year waiting period; however, some plans offer immediate full coverage.

Eligibility Requirements for Guaranteed Issue Policies

When considering guaranteed issue life insurance in New Hampshire, eligibility requirements are crucial:

• Age Range: Insurance is generally available for those aged 50 to 85 (or 18-70).
• Residency: You must live in New Hampshire to apply through in-state providers (U.S. citizen).
• Premium Payment Ability: Ensure the ability to consistently pay the higher premiums associated with this insurance.

Top Guaranteed Issue Life Insurance Companies in New Hampshire

Now, turning to availability, guaranteed issue life insurance is accessible across New Hampshire, with reputable companies offering policies.

Two major players in this area are Allstate Benefits and Mutual of Omaha. Both provide unique advantages and cater to the residents of New Hampshire differently.

1. Allstate Benefits Insurance Company provides guaranteed approval for those aged 18-70, offering up to $75,000 coverage, with no waiting period. Besides, policies can extend to spouses and children. Get a FREE Quote.
2. Mutual of Omaha offers guaranteed approval for those aged 45-85, up to $25,000 coverage, with a 30-day free look period. Get a FREE Quote.

Where each varies:

• Allstate Benefits allows broader coverage up to $75,000, appealing to those seeking higher protection for younger families.
• Mutual of Omaha’s ease of application, little to no hassles, and guaranteed lifetime protection make it attractive to seniors requiring straightforward solutions.

Recent A.M. Best ratings highlight the financial strength of both companies, with Mutual of Omaha and Allstate Benefits both holding an "A+" rating, confirming their stability and reliability for policyholders.

Each company offers competitive rates, but factors like coverage amount, age, and specific terms like waiting periods can influence your decision.

Features of Allstate Benefits vs. Mutual of Omaha

Let's break down the features of Allstate Benefits vs. Mutual of Omaha for guaranteed acceptance coverage.

Allstate Benefits Insurance Company

• Guaranteed Acceptance: Ages 18-70
• Coverage Amount: $10,000 up $75,000
• Available in every state and DC (except NY)
• No Medical Exam Required
• No Health Questions Asked
• No Waiting Period
• No 2 Year Graded Death Benefit
• Policy builds cash value, loan available
• Lifetime protection
• Premiums never increases, coverage never decreases

Start Your FREE Quote

NOTE: To qualify, applicants must be working at least 20 hours per week and not collecting any form of disability income or SSDI.

The policy goes In Force on the first day of the month after it's purchased.For example, if the policy was purchased during the month of January, it would be active February 1st.

Mutual of Omaha

• Guaranteed Acceptance: Ages 45-85 (50-75 in NY)
• Coverage Amount: $2,000 up to $25,000
• Two year waiting period limited death benefit
• No physical exam
• No health questions asked
• 30 day money-back guarantee
• Policy builds cash value, loan available
• Lifetime protection
• Premiums never increase, coverage never decreases

Start Your FREE Quote

Cost of Guaranteed Acceptance Life Insurance

In comparing these two providers, a 50-year-old non-smoker male or female considering a $50,000 policy might find that Allstate Benefits offers lower premiums than Mutual of Omaha, primarily due to their higher coverage limits and broader age range, though exact figures depend on individual circumstances.

When considering cost, several factors can affect your premium rates for guaranteed issue policies. These include age, gender, and the specific coverage amount.

Interestingly, females often see slightly lower premiums than males in the same age bracket due to statistical life expectancy differences.

Cost is always a vital factor in determining the right life insurance policy. Sample premiums can give an idea of associated costs.

However, remember rates can vary based on individual circumstances and should be confirmed directly with the providers.

Sample Premiums

Here's a comparison of monthly premiums for $10,000 coverage for non-smokers age 50:

Allstate Benefits:

• Male: Approximately $28.18/month for $10,000 coverage.
• Female: Around $28.18/month for $10,000 coverage.
• Get a FREE Quote

Mutual of Omaha:

• Male: Close to $40.20/month for $10,000 coverage.
• Female: About $30.40/month for $10,000 coverage.
• Get a FREE Quote

These rates are based on various factors including age, gender, and smoking status. It's a good idea to check for personalized quotes to get the exact figures.

Pricing Factors

The cost of premiums varies based on several factors:

• Age: Older clients typically face higher premiums.
• Gender: Premiums can vary between males and females.
• Coverage Amount: Higher coverage amounts mean higher premiums.
• Company Underwriting: Different companies may assess risks uniquely.

Average Funeral and Burial Cost in New Hampshire

As you assess the costs, it's valuable to consider the average funeral and burial expenses in New Hampshire, which sit around $8,793.

These figures help underline the adequacy of coverage amounts typically offered by guaranteed acceptance life insurance policies.

How to Apply for Guaranteed Issue Life Insurance

If you decide that guaranteed issue life insurance suits you, follow these steps to apply:

• Research and choose a suitable insurer in New Hampshire.
• Request a free quote and compare your options.
• Complete an application form without health-related questions.
• Submit identification documents like a driver’s license.
• Confirm and start premium payments as required.

Not Burden Loved Ones

Many consider purchasing guaranteed issue life insurance to ensure final expenses do not burden loved ones, contribute to debt repayment, and facilitate estate planning.

Factors such as urgency for coverage, budget constraints, and denied coverage elsewhere are paramount considerations.

Real-Life Examples of Guaranteed Issue Coverage

Real-life situations bring the utility of guaranteed issue life insurance into perspective:

1. Emma, 76, with heart conditions, secured coverage after denials from regular providers, ensuring her funeral costs are covered.
2. John, 62, a cancer survivor, opted for this policy to leave a financial legacy for his grandkids.
3. Mary, 85, with diabetes, sought coverage to contribute to her end-of-life arrangements, alleviating her family of financial pressure.

Common Reasons to Buy Guaranteed Issue Life Insurance

With the decision of integrating this life insurance into broader financial plans, understanding your goals is key. Here are common motivations:

• To leave a legacy is often a guiding intent, ensuring you leave something behind.
• Financial security for loved ones, reducing the burden they might face.
• Funeral expenses, a practical and compassionate preparation.

Is Guaranteed Acceptance Life Insurance Right for You?

If traditional life insurance options have been exhausted or you're seeking essential coverage that avoids medical scrutiny, this format could suit your needs.

Consider evaluating the higher premium costs against the coverage benefits and your own financial planning goals.

Guaranteed approval plans offer you a quick and easy way to get the coverage you need without the hassles or delays of traditional life insurance policies.

Factors to Consider

Making an informed choice about guaranteed issue life insurance in New Hampshire involves:

• Assessing your financial situation and coverage needs.
• Understanding product features and applicable limitations.
• Comparing options across providers like Allstate Benefits and Mutual of Omaha.
• Ensuring your choice aligns with both short-term needs and long-term planning.

Peace of Mind

By choosing the right policy, you can achieve peace of mind knowing you’ve taken proactive steps in securing financial protection for your loved ones in the event of your passing, especially when medical conditions have rendered other paths ineffective.

Summary

In conclusion, if guaranteed issue life insurance resonates with your needs and circumstances, applying is straightforward and the benefits, while partially constrained by coverage limits and waiting periods, offer critical reassurance.

Insurers like Allstate Benefits and Mutual of Omaha provide trusted, state-specific options ensuring you're able to access needed coverage even if your health precludes traditional life insurance.

To proceed with confidence, clarify your financial goals, assess coverage needs, compare insurance providers, and embark on the journey towards securing peace of mind for you and your loved ones.

A key aspect of such an informed decision is understanding the costs involved. Requesting free quotes from reputable providers will give you insight into the expected financial commitments and help identify a budget-friendly policy.

Guaranteed Issue Life Insurance Quotes

Top Pick – Allstate Benefits Insurance Company

Allstate Benefit's Guaranteed Acceptance policy offers $10,000 to $75,000 of coverage to working applicants between the ages of 18 and 70. Rates start as low as $9.65 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply today. Start Here to get a FREE Quote.

NOTE: To qualify, applicants must be working at least 20 hours per week and not collecting any form of disability income or SSDI.

Highly Recommended – Mutual of Omaha

Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.

• Your life insurance policy comes with a 30 day Risk-Free, Money-Back Guarantee

Resources:

• The Pros and Cons of Guaranteed Issue Life Insurance
• Guaranteed Issue Life Insurance FAQs
• Tips for Buying Guaranteed Issue Life Insurance