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Here are some questions we're often asked about our Guaranteed
Acceptance Life Insurance. If there's something more you'd like to
know,
contact us.
What is a unit?
Do I have to
answer any medical questions?
Is there a waiting
period before the full benefit takes effect?
Will my rates go
up every year?
As I get older,
will my benefits be reduced?
Will my coverage
be cancelled just because I get older?
Does this plan pay
benefits even if I have other insurance?
Can I save money
by paying annually?
What if I apply
for coverage, but change my mind later?
Who do I call for
customer service?
Does it pay to act now?
What type of
payment options do you offer?
Can I take a loan
against the cash value of my Guaranteed Acceptance life
insurance policy?
What is a unit?
A unit of coverage corresponds to the life insurance benefit amount you can
purchase, and it depends on age, gender and state. Please visit the Guaranteed Acceptance Life quote
page to see benefit amounts and premiums available to you for up to 8 units of
coverage.
Do I have to answer medical questions?
You don't have to answer any questions about your health or
take a physical exam. Your acceptance is guaranteed!
Is there a waiting period before the full
benefit takes effect?
Acceptance can be guaranteed because of a limited benefit
period for death during the first two years. In most states (except AR) the
full benefit is paid from the very first day of coverage for accidental death.
Will my rates go up every year?
Once you lock in your premium rate for the benefit amount
you want, it will stay the same as long as you keep your insurance.
As I get older, will my benefits be reduced?
No. After your coverage begins, your benefit will not
decrease as you grow older or if your health changes.
Will my coverage be cancelled just because I
get older?
Absolutely not. Your coverage can stay in force as long as
you pay your premiums when due.
Does this plan pay benefits even if I have
other insurance?
Yes. This plan will pay benefits directly to your
beneficiary in addition to any other insurance you might have.
Can I save money by paying annually?
Yes. Save a full month's premium by paying annually -- you
get 12 month's protection for the cost of 11! And this savings can add up year
after year.
What if I apply for coverage, but change my
mind later?
Count on a 30-Day Money Back Guarantee for peace of mind.
If you decide this coverage isn't for you, just return your insurance documents
within 30 days after receiving them for a complete refund, no questions asked.
Who do I call for customer service?
We've built our reputation on satisfied customers. When you
receive your insurance documents, you'll also receive a customer service guide
with a toll-free service hotline. This special toll-free number will put you
directly in touch with a top notch service team. Your guide will also include
information on how to change your payment plan, change a beneficiary, or file a
claim.
Does it pay to act now?
Your benefit is based on your age when coverage takes
effect. The younger you are when your coverage starts, the higher your benefit
will be for life.
What type of payment options do you offer?
When you apply online
for coverage you can either use a credit card or pay by direct bill.
If you select the direct bill option we'll send you a bill with your
policy, and then continue to bill you monthly or annually, depending on the
frequency you select. If you change your mind later, you can switch to the
billing method that's most convenient for you.
In addition to direct and credit card billing, we also offer automatic
deduction from your checking or savings account in
most states. This option is not yet available for online
applications, but you can easily switch to it after you've made your first
payment.
Can I take a loan against the cash value of
my Guaranteed Acceptance life insurance policy?
If your coverage is inforce and has a cash value, you may obtain a loan on it.
The interest rate is 8% compounded annually. Any loan amount and interest that
has not been repaid at the time of death is deducted from the death benefit.
Please refer to your policy/certificate for more information, or call our
toll-free service number.
It's so easy to take the next step. There's absolutely no
obligation on your part.
Questions? Call us toll free 1-877-877-8052
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