53. Guaranteed Issue Life Insurance – it sounds morbid to talk about, but someone who knows they are dying can buy life insurance even if they are in poor health.

The only caveat is that your heirs will probably not be eligible to receive a death benefit until after you have lived (and paid premiums) for 2 years after issuance.

Even if you die before 2 years, it sometimes make sense to invest in guaranteed issue life insurance if you get a return of principal plus a guaranteed interest rate on top of that.

Life insurance is not a popular thing to talk about because no one wants to think about dying.

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