What is Guaranteed Issue Life Insurance?

If you’ve been turned away from traditional life insurance due to health issues, Guaranteed Issue Life Insurance offers a second chance at protection. This is a no-questions-asked, no-exam life insurance policy that guarantees acceptance — typically for individuals aged 50 to 80.

Because there are no health questions, screenings, or exams, it’s ideal for people with serious health conditions or advanced age. While benefit amounts are modest — generally between $5,000 to $25,000 — they’re often enough to cover funeral costs, medical bills, and outstanding debts.

Benefits of Guaranteed Issue Insurance

• Automatic Acceptance: Guaranteed coverage for eligible ages, regardless of health history.

• No Medical Exams or Health Questions: Skip the hassle and get insured immediately.

• Lifetime Coverage: If premiums are paid, your policy never expires.

• Fixed Premiums: Payments never increase, giving you budgeting certainty.

• Cash Value: Over time, policies accumulate cash value you can borrow against.

Important Note: Graded Death Benefit

Guaranteed Issue policies typically have a graded death benefit, meaning:

• If death occurs from natural causes within the first two years, beneficiaries receive a return of premiums paid plus interest.

• If death occurs after two years, or is accidental, the full benefit amount is paid immediately.

Sample Premiums for $10,000 Coverage