Guaranteed issue life insurance is a policy that accepts everyone regardless of health. There are no medical exams and no health questions. The trade-off is a 2-3 year graded benefit period and higher premiums. Coverage ranges from $5,000 to $25,000.
Guaranteed issue is the life insurance of last resort — it accepts everyone, no questions asked. Here is what you need to know:
Because there is no health screening, guaranteed issue policies include a 2-3 year waiting period. If you die from natural causes in the first 2-3 years, the policy returns all premiums paid plus interest (typically 10%) instead of paying the full death benefit. Accidental death is usually covered from day one.
Only consider guaranteed issue if you have been declined by multiple carriers for simplified issue coverage. It is the most expensive form of life insurance per dollar of coverage, so always try simplified issue first. Contact us to see if you qualify for something better.
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Yes, many carriers offer no-exam life insurance including simplified issue (health questions only) and guaranteed issue (no health questions). Coverage up to $500,000 is available without an exam from top-rated carriers. Read more
You can be denied simplified issue final expense insurance if you have serious health conditions like active cancer, recent stroke, or organ failure. However, guaranteed issue policies accept everyone regardless of health — no one can be denied. Read more
Final expense insurance is a type of whole life insurance designed to cover end-of-life costs such as funeral expenses, medical bills, and outstanding debts. Policies typically range from $5,000 to $50,000 and do not require a medical exam. Read more
Compare rates from top-rated life insurance carriers.