Guaranteed issue life insurance, also known as guaranteed acceptance life insurance, is a life insurance policy with no mandatory health qualifications. The only difference between other types of life insurance and guaranteed life insurance is that with this type of insurance, the insurance company cannot deny an applicant coverage as long as they can afford to pay the premiums.

Recent statistics show that around 60 percent of people who don’t buy life insurance cite its expense, as well as the requirement of a medical team as their reasons. But considering the high-stress lifestyle as well as the plethora of factors one is vulnerable to, not having life insurance is ill-advised.

Although nursing home facilities can be a very expensive option for seniors, it is often the only choice. The health and safety of aged individuals are compromised by living alone and such facilities have skilled nurses and essential arrangements to ensure their comfort and security. It is definitely more cost effective to engage a nursing home’s services rather than a full-time private nurse.

Shopping for insurance can be a daunting experience, especially if deal breakers, like a medical exam, are a part of it. Although there are certain insurers that offer guaranteed life insurance without medical underwriting, they may not be suitable for everyone. Naturally, there are a lot of things that need to be scrutinized before settling on a guaranteed life insurance plan.  Some of the key pros and cons are:

Nursing homes are a great way to care for aged family members especially when they need specialized care that cannot be given by family members at home. These facilities offer extensive care that is designed keeping each patient’s medical and emotional needs in mind. There are different kinds of care that nursing homes facilitate, including custodial care and skilled care.

A memory care facility is designed to meet the specific needs of people who are suffering from Alzheimer’s disease or dementia. Care programs include a full-time staff trained to provide specialized care. These facilities devote time and resources to serve and take care of people suffering from different stages of common memory disorders.