8 Ways People Waste Their Social Security Check

Settling for Guaranteed Acceptance Life Insurance

If you’re looking for life insurance to cover final expenses such as funeral costs, you might be enticed by “guaranteed acceptance” policies, because you don’t have to submit any records or go through medical exams to qualify. Although this type of plan can save you a little time, you’ll likely pay a higher price than if you chose a policy that required some level of underwriting. That’s especially true if you are healthy.

Instead of accepting the first offer you get, take the extra time to go through the underwriting process and find out how much you can save. If you qualify for a lower rate based on your health, you can save on life insurance costs and keep more of those Social Security dollars in your pocket.