What Is Guaranteed Acceptance Life Insurance? 
That is an excellent question ! This kind of policy is generally one marketed to people who can not get a policy otherwise . There are typically few if any health questions , and about the only thing you need to have to purchase it is a valid ID , and the money . These policies are riskier for the insurer , so they hedge their bet by creating a `` graded '' or `` modified '' period at the beginning of the policy where the return if you die from any reason other than strictly defined accident is a return of what you paid in , plus some interest . These policies are for smaller face values , and are more expensive also . They are a great vehicle for someone who has issues that would otherwise make them uninsurable , but not the best fit for someone in good health . Please contact me if you would like to discuss this further , I 'm happy to help . Thanks for asking ! 