Final Expense Insurance: Is Guaranteed Issue Worth It?

Understand guaranteed issue final expense insurance in Oklahoma and whether it’s the right choice for seniors with health concerns.

Some Oklahoma seniors worry they won’t qualify for life insurance because of health issues. That’s where guaranteed issue final expense insurance comes in—policies with no health questions and guaranteed approval. But are they worth it?

How Guaranteed Issue Works

Guaranteed issue policies require no medical exams or health questions. Anyone aged 50–85 can qualify. Coverage amounts are typically $5,000–$25,000.

Pros

• Guaranteed approval
• No medical exams
• Peace of mind for families

Cons

• Higher premiums than standard final expense policies
• Lower coverage amounts
• Two-year waiting period for natural causes (benefits paid if accidental death)

When It Makes Sense

Guaranteed issue is ideal for seniors with serious health conditions who may not qualify for other life insurance. For healthier applicants, simplified issue policies are usually cheaper.

Anchor’s Role

Anchor Financial Group helps Oklahoma seniors compare guaranteed issue with other final expense options to ensure the right balance of cost and protection.

Guaranteed issue provides peace of mind when health challenges limit options. Anchor helps you decide if it’s worth it.

Get your final expense insurance options