• Guaranteed release life insurance is a small life insurance policy for life without medical clauses.

  • The beneficiaries of the insured person are paid a cash benefit of between $2,000 and $25,000 in the event of death.
  • Guaranteed Issue Life Insurance does not pay death benefits during the first two or three years of the policy, but refunds the policy premiums plus 10% if the insured dies during that period.
  • Guaranteed disbursement insurance policies are designed for people with serious medical conditions that prevent them from purchasing policies that offer immediate assistance in the event of death.
  • Compared to other types of life insurance, guaranteed policies usually have higher premiums compared to their death benefits because their policyholders are in poor health.