Difference between Simplified issue and Guaranteed issue

[Augusta]

When you are about to take out a final funeral insurance policy you would be confronted with two varieties of final expense insurance:

They two varieties are Simplified issue and Guaranteed issue

Simplified issue
With this one you won’t have to take a medical exam which isn't ever requested by any insurance company but you will, have to answer questions based on the condition of your health

The thing is when applying for funeral insurance you should know that you wouldn't be eligible for a simplified issue funeral insurance plan if you have heart disease.or cancer since these are terminal diseases.

Guaranteed issue funeral insurance plan
This funeral expense insurance plan is for everyone, therefore doesn't need one going through any medical exam or taking part in any health interview. This means that it is guaranteed for you to be given the plan or policy without any hesitation. So with any health conditions you can buy your policy. As always you would have to pay more when you go for this plan.

What do you think about this? Which of the two would you want to opt for?

 

[Learners Quest]

A simplified issue might just be an issue that has been diagnosed by your body's physician, such as a headache or back pain. These causes are typically not life-threatening and are said to have a fairly simple solution. A simplified issue is handled entirely by your own body's system of healing and will disappear on its own in time without the need for outside intervention. A guaranteed issue could cause serious damage to your health or even death, which requires immediate medical attention from specialists who have been designated to treat the condition.

The difference between these two issues can sometimes be difficult for people because many believe that anything complicated automatically must be considered a guaranteed issue. The truth is, both types of issues require quick action and deserve similar amounts of attention.