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. We recommend you look into these best life insurance companies in the United States.
Before you make your final life insurance purchase decision though, we recommend looking into some other company reviews as well, such as our reviews on Zander Insurance, Primerica Life Insurance and United Home.
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