What are the benefits of a guaranteed issue whole life insurance policy?

The lump-sum payment your beneficiary receives if you pass away. Generally, it’s not taxed.

You make payments to a life insurance company, and they give your loved ones a payout if you pass away.

A rider is a document that becomes a part of a life insurance policy, which can provide additional coverage or benefits.

It can depend on several factors, including your children’s age, your proximity to retirement, and your mortgage.

The person(s) who receives the policy proceeds if you pass away while your policy is in force.