Senior Living Guide7/9

Red flags in how these policies get sold

Be wary of pressure to decide today, claims that a policy is "guaranteed to be approved for everyone" without mentioning graded benefits, or agents who won't clearly state the waiting period, the exact face amount, or whether the premium can change.

Also watch for policies pitched purely off a mailer or a cold call with no license number offered, or an agent who can't or won't explain in writing how the death benefit is reduced during any waiting period. A legitimate agent should welcome those questions, not dodge them.

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