Franklin Madison launches guaranteed issue life insurance

Franklin Madison has introduced guaranteed issue life insurance issued by Prudential Financial , allowing eligible consumers to purchase up to $50,000 in coverage through their financial institution.

Administered by Franklin Madison, the product requires no health questions, medical exams or review of medical records. It offers guaranteed acceptance for eligible consumers, no waiting periods and no age-based reductions in benefits.

The policy also includes an accelerated benefit that allows qualifying terminally ill insureds to access up to 90% of their coverage during their lifetime. Coverage remains subject to policy exclusions, limitations and restrictions.

Franklin Madison provides insurance administration and marketing services to banks, credit unions and affinity organizations, serving more than 3,500 financial institutions nationwide.