Question by cristina d: Why is the minimum age for guaranteed issue life insurance start at age 40? What is the logic behind this?
Why is there anti-selection involved for age <40 on guaranteed issue plans?
Best answer:
Answer by Doodlestuff
Most of the plans I have seen have no age requirement other than you could no longer be your parent’s dependent.
It isn’t very good coverage, but I suppose if you only want accident insurance and can’t otherwise get coverage, it is something.
What do you think? Answer below!