There are many conversations that people just want to avoid.
Discussions about life insurance rank among the top five.
So why do people dislike this topic so much?
Some will say that they do not want to add an extra expense, while others will feign boredom at the subject.
However, the truth may actually be that deep down people do not enjoy having conversations that relate to death.
Death is something that will occur to all of us eventually. Low cost life insurance is a product that is closely associated with death because the plan pays when its owner has died. It is easy to understand a person’s hesitation with this subject. As difficult as it is to think about the subject, life insurance is something that is a necessity in today’s world.
Funerals today are an expensive proposition. Today funerals can cost well into the thousands. The costs involved include:
- Cost of preparing the body for burial
- Cremation cost (if you choose to go that direction)
- Cost of transporting the body
- Cost of a chapel to hold the memorial service
- Cost of the burial plot
- Cost of a grave marker (headstone, plaque, etc.)
These costs unfortunately add up. This is where a funeral insurance policy can come in handy. The next step is finding the top life insurance company that will meet your needs. Make sure to obtain quotes from several companies, such as Banner Insurance Company.
GTL Company Overview
One of the most trusted life insurance companies today is Guaranteed Trust Life Insurance Company. This company has been in business for 86 years that alone should speak of their reliability. You want to want a company that has been around for years to show that they understand what they are doing. GTL has years of providing quality insurance policies to the customers. Guaranteed Trust Life has products that will suit the needs of its customers.
There are a lot of things to consider before signing on the dotted line. Every family is different, which means that everyone has different life insurance needs to protect their family.
First, consider is what do you want to use your policy for? Do you want your policy to cover just the expenses involved with your funeral, or do you want to also have your insurance to cover your final expenses like hospitalizations and medicines?
- What kind of deductible can you afford paying up front?
- What monthly payments will work for you?
- Do you have to have a physical before you are approved for coverage?
These are questions that you will have to answer while shopping for a policy. The good part is that a representative from Guaranteed Life Trust will help you through these rough spots.
Other GTL Products
In addition to guaranteed issue products, GTL also offers Quick Issue 10 and 20 year policies. These policies also require no medical exam, but may request your MIB and doctor records.
The 10 year term life insurance is available for ages between 18-65. The 20 year term life insurance is available for 18-55 year-olds.
The Advantages of Guaranteed Issue Products
Typically, when you apply, you’ll have to wait to schedule the medical exam, wait for the paramedic, wait for the results, then wait for them to go through the underwriting. The process can take several weeks. With the guaranteed issue plans, you can get life insurance coverage in a fraction of the time. With some policies, it could be a matter of 24 hours.
Another advantage is that these plans can give life insurance coverage to applicants that wouldn’t be able to be accepted otherwise. A lot of people can’t get coverage before of their health or some pre-existing conditions such as severe diabetes. This is where no exam coverage can be beneficial.
Cost of Guaranteed Trust Life Products
Guaranteed Trust Life is a great company for those that have some sort of high risk addition and can’t get approved for traditional underwriting. Without having to take a medical exam and essentially getting approved with no medical exam whatsoever, makes the cost of these products that much higher.
It is clear that shopping for life insurance may not be pleasant. However Guaranteed Trust Life will make it easy for you. If you are chronically ill you may want to look at a Guaranteed Issue Life Insurance or Guaranteed Acceptance Life Insurance policy. These plans will help you to manage these expenses without burdening your loved ones.
Who Should Consider GTL?
The reason that these policies are beneficial is that you will be accepted without having to have a medical exam. Guaranteed issue life insurance policies can be very beneficial if you are chronically ill. Since you cannot be turned down you will be able to provide for your loved ones after you pass on. A Guaranteed Acceptance Life Insurance policy will help.
One note about these policies, is that they come with a graded death benefit. Their whole life product is graded until the 4th year of the policy. The term product has the ability to be converted to a decreasing-term product after the 10th year.
At LifeInsuranceByJeff.com we work with all the best life insurance companies to make sure that you get the lowest rates on the policy that meets your needs. Working with independent agents, like ourselves, is the best way to go through the life insurance shopping process. Our agents have years of experience working through the life insurance process with thousands of applicants. We’ve seen every situation, and have helped clients decide which kind of coverage is best for them. If you are ready to get started with standard or no exam life insurance quotes then use the form on this page or call us at 888-836-7071.