Presidential Life Insurance Company has a guaranteed issued life insurance policy for individuals between the age of 40-80. Issue amounts are between $2,000 - $50,000. There are no medical questions and no medical exams.
This is a graded death benefit policy. There is a 2 year waiting period for applicants age 65 and older and a 3 year waiting period on applicants under the age of 65. Full benefits are paid during the waiting period if there is an accidental death.
If there is a death during the waiting period. Presidential Life Insurance Company will refund your premiums paid into the policy plus 5% compounded.
Currently, Presidential Life Insurance Company offers this guaranteed issued policy in these states:
AK, AL, AZ, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KY, LA, MD, ME, MI, MO, MS, NC, ND, NE, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WI, WV, WY
