Get No Graded Death Benefit Life Insurance – Guaranteed Issue, No Wait, No Exams, No Health Questions for Ages 18-70!

When it comes to protecting your loved ones financially, no graded death benefit life insurance offers immediate full coverage from day one.

Unlike traditional graded benefit policies that make you wait 2-3 years for full coverage, these policies provide peace of mind knowing your beneficiaries will receive the entire death benefit immediately after policy approval.

Guide to No Graded Death Benefit Life Insurance

Quick Review

No graded death benefit life insurance is a type of guaranteed issue life insurance policy that provides the full death benefit from the start of the policy, without a waiting period or phased-in coverage.

Unlike graded benefit policies, which may only pay a partial benefit if the insured dies within the first few years, no graded death benefit policies offer immediate full coverage, making them suitable for individuals seeking immediate financial protection for their beneficiaries.

This type of policy is often more expensive and may require a more thorough underwriting process to assess the applicant's health and risk factors.

Life Insurance Industry Facts

According to LIMRA's 2023 Insurance Barometer Study, 106 million Americans lack adequate life insurance coverage. Many avoid applying due to health conditions or concerns about qualifying.

No graded death benefit life insurance addresses these barriers by providing guaranteed acceptance without medical exams or health questions.

Features of No Graded Benefit Guaranteed Issue Life Insurance Policies

Here is a list of the some of the more common features related to guaranteed acceptance life insurance policies that offer no graded death benefits coverage:

• Immediate full death benefit coverage
• No medical exam required
• Guaranteed acceptance
• Level premiums that never increase
• Builds cash value over time
• Policy cannot be canceled due to health changes
• Coverage lasts your entire life

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Compare Graded vs. No Graded Benefit Life Insurance

Comparing these policies to graded benefit options reveals several key differences.

No Graded Benefit vs. Graded Benefit Policies:

• Full death benefit vs. Limited initial payout
• Higher premiums vs. Lower premiums
• Immediate coverage vs. 2-3 year waiting period
• Same coverage amount always vs. Graduated benefit increase
• Better for immediate needs vs. Better for future planning

Review of Top No Graded Death Benefit Guaranteed Issue Life Insurance Company

Allstate Benefits Insurance Company offers competitive pricing on no graded benefit guaranteed issue policies with the following eligibility requirements:

• Guaranteed Acceptance: Ages 18-70 eligible
• Coverage Amount: $10,000 up to $75,000
• Available in every state and DC (Except NY)
• Full Coverage begins first of month after acceptance
• Coverage available for Spouse and children too
• No medical exam needed
• No health questions asked
• No 2 year waiting period
• No Graded Death Benefit

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

No Graded Benefit: 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.

Sample Rates for Guaranteed Issue Life Insurance

Sample monthly rates for $10,000 coverage (Allstate Benefits, excellent health, non-smoker):

• Men age 50: $28.18/month
• Women age 50: $28.18/month

NOTE: Additional coverage available up to $75,000

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Key Factors to Consider

When choosing a no graded benefit policy, consider these factors:

• Coverage amount needed
• Premium affordability
• Company financial strength
• Policy features and riders
• Claims payment history
• Customer service ratings
• Additional benefits offered

Financial Protection

The American Council of Life Insurers reports that in 2022, life insurance companies paid $100 billion in death benefits to beneficiaries. Having immediate full coverage ensures your loved ones receive financial protection when they need it most.

Health Issues – No Problem

These policies are particularly valuable for those with health conditions that might make qualifying for traditional coverage difficult.

The Insurance Information Institute notes that approximately 40% of Americans would face financial hardship within six months if a primary wage earner died.

Consider Cost versus Benefit of Coverage

While premiums may be higher than graded benefit policies, the trade-off is immediate protection.

Consider Sarah, age 55, who chose a no graded benefit policy despite higher costs. When she unexpectedly passed away six months later, her family received the full benefit instead of a partial payout.

Increasing Demand for Guaranteed Life Insurance

The Society of Actuaries reports that guaranteed issue policies have seen a 15% increase in popularity since 2020, largely due to their simplified application process and immediate coverage.

No Medical Exams or Health Questions Asked

One significant advantage is the ability to secure coverage without medical underwriting. This makes these policies accessible to those who might otherwise be denied coverage due to health conditions.

Policy Builds Cash Value

The cash value component provides additional financial flexibility. Policy loans can be taken against the cash value for emergencies or opportunities, though this will reduce the death benefit if not repaid.

Up to $75,000 of Guaranteed Coverage

Coverage amounts typically range from $5,000 to $75,000, making these policies suitable for final expenses, debt repayment, or leaving a legacy.

The National Funeral Directors Association reports average funeral costs exceed $9,000, highlighting the importance of adequate coverage.

Lifetime Protection – Premiums Never Increase

Premium payments remain level throughout the life of the policy, providing predictable costs for budgeting. This contrasts with term policies that may increase dramatically upon renewal.

Quick and Easy Application

The application process is straightforward and quick. Most policies can be approved within 24-48 hours, compared to traditional policies that may take weeks or months for approval.

Peace of Mind

While these policies cost more than graded benefit options, they provide valuable peace of mind. The NAIC recommends comparing multiple providers to find the best combination of coverage and cost.

Summary

Remember, the best time to secure life insurance is now, while you're still eligible. With no graded death benefit life insurance, you can ensure your loved ones have immediate financial protection without waiting periods or benefit restrictions.

To request a free quote for no graded death benefit life insurance, contact a licensed agent who can explain your options and help determine appropriate coverage amounts based on your specific situation.

Guaranteed Acceptance 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. No 2-year waiting period for full benefits. Very competitive rates available. No Graded Death Benefit. 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.