When Traditional Life Insurance Isn’t an Option An AMAC Member Benefit Highlight
W hile having coffee with a friend recently, the topic of insurance came up, and I was surprised to learn that she did not have a life insurance policy in place. Being a single mom in her 50s with two teen girls, a mortgage, and a history of complications and illnesses from diabetes, not having life insurance put her in a problematic situation. She had looked into term and whole life policies in the past, but the premiums were too high for her budget. I immediately suggested a Guaranteed Acceptance policy. Here’s why. Guaranteed Acceptance life insurance is just that a policy offering guaranteed issue* without undergoing a medical exam or answering health questions. Guaranteed Accep- tance life insurance belongs to a category of policies known as final expense insurance. It’s permanent coverage that’s best for people between ages 45 and 85 and those who can’t qualify for standard life insurance due to a serious medical condition or terminal illness. It’s usually used to cover end-of-life costs like funeral expenses. And unlike term life or traditional whole life insurance, the application for Guaranteed Acceptance life insurance doesn’t involve health questions or a medical exam. It pays a maximum death benefit of $25,000, which is meant to help your family cover your funeral costs, debt, or outstanding medical bills. Since AMAC offers Guaranteed Acceptance life insurance through Mutual of Omaha, our longtime, trusted partner, I was familiar with some of the additional benefits this policy could provide, like: • Coverage and benefits that won’t reduce due to age or health • Budget-friendly premiums that will never increase Buying a Guaranteed Acceptance life insurance policy is also quick and painless, usually requiring only a phone call or online appli- cation. So, if someone you know finds themselves in a similar situation, take advantage of AMAC’s Guaranteed Acceptance life insurance benefit. Get a quote or apply over the phone at 888-220-4883. Or simply scan the code to get a quote or complete the application online. And, although friends don’t let friends go without life insurance, it’s always best to speak with a licensed agent before buying to determine whether or not a Guaranteed Acceptance life insurance policy is right for you. • Quick claim processing • Cash-value accumulation • A 30-day free look period
SCAN THIS QR CODE
TO FILL OUT THE APPLICATION ONLINE
OR CALL MUTUAL OF OMAHA AT (888) 220-4883
Patricia Lopez Director of Marketing AMAC Senior Resources Network
*You may be denied if you don’t meet the age, state of residency, or citizenship status requirements.
52 • AMAC Magazine
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