Life Insurance: What Is Guaranteed Insurability?

Guaranteed insurability is often found in many different life insurance policies today. Here are the basics of what guaranteed insurability is and how it can affect you.

Guaranteed Insurability

Guaranteed insurability is a provision that will ensure that you have life insurance as long as you continue to pay your premiums. Under this arrangement, the life insurance company has to continue to renew your policy regardless of any outside circumstances. As long as you keep making your payments, you are not going to have to worry about whether you are covered or not.


One of the big benefits of this type of policy is that you will not have to worry about health conditions limiting you from being insured. Many times, people are not allowed to have an insurance policy after they have gone through a physical. With this type of insurance policy, you are not going to have to worry about taking any more physicals after you are done purchasing the policy. At that point, you can keep renewing the policy as long as you want without them asking you any questions about your health. The insurance company can change your premium if they change the premiums of an entire group of people that you fit into.

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