Guaranteed Issue Life Insurance Rate: What You Can Expect to Pay

Last Updated: June 6, 2026 | Written by President of Term Life Online – AU, AAI, ARM

What is a Guaranteed Issue Life Insurance Rate?

A guaranteed issue life insurance rate is the monthly premium you pay for a policy that does not require medical underwriting.

Because insurers accept applicants regardless of health status, premiums are generally higher than those for traditional life insurance policies.

However, for individuals who may not qualify elsewhere, guaranteed issue coverage can provide valuable financial protection and peace of mind.

Factors That Affect Guaranteed Issue Life Insurance Rates

Although health conditions usually do not impact approval, several factors can influence your premium:

Age

Older applicants typically pay higher rates because life expectancy decreases with age.

Gender

Women often receive lower rates than men due to longer average life expectancies.

Coverage Amount

The larger the death benefit, the higher the monthly premium.

Insurance Company

Rates can vary significantly between carriers, making comparison shopping important.

Get a free life insurance quote and discover your best available rate today.

Benefits of Guaranteed Issue Life Insurance

No Medical Exam Required

Apply without blood work, physical exams, or doctor visits.

No Health Questions

Coverage is available regardless of many pre-existing conditions.

Fast Approval

Many applications can be completed quickly and easily.

Fixed Premiums

Most policies lock in your rate for life.

Lifetime Coverage

As long as premiums are paid, coverage generally remains in force.

Is Guaranteed Issue Life Insurance Worth It?

For people who cannot qualify for traditional or simplified issue coverage, guaranteed issue life insurance may be an excellent solution.

It can help cover:

• Funeral and burial expenses
• Outstanding debts
• Medical bills
• Final expenses
• Financial support for loved ones

While rates are typically higher than fully underwritten policies, the accessibility and guaranteed acceptance make this coverage valuable for many applicants.

How to Find the Best Guaranteed Issue Life Insurance Rate

Follow these steps:

1. Compare multiple insurance companies.
2. Choose only the coverage amount you truly need.
3. Apply sooner rather than later to lock in lower age-based rates.
4. Work with an experienced life insurance specialist.
5. Review policy details, including waiting periods and benefits.

Frequently Asked Questions

1. Are guaranteed issue life insurance rates expensive?

They are generally higher than traditional life insurance rates because approval is guaranteed regardless of health.

2. Can I be denied coverage?

Eligible applicants are typically accepted regardless of medical history.

3. Is there a waiting period?

Many guaranteed issue policies include a graded death benefit period during the first two years. Review policy details carefully.

4. What coverage amounts are available?

Many insurers offer coverage amounts ranging from a few thousand dollars up to $25,000 or more.

Get Your Guaranteed Issue Life Insurance Rate Today

The best way to determine your guaranteed issue life insurance rate is to compare quotes from multiple carriers. Rates vary, and finding the right policy could help you secure affordable protection for yourself and your family.

Don't wait to protect your loved ones. Request a free life insurance quote today and find out how much guaranteed issue coverage may cost you.

Compare Guaranteed Issue Life Insurance Quotes

Top Pick – Mutual of Omaha

Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. Start Here to get a FREE Quote. 

• Your life insurance policy comes with a 30 day Risk-Free, Money-Back Guarantee

Highly Recommended – Allstate Benefits Insurance Company

Allstate Benefit's Guaranteed Acceptance policy offers $10,000 to $75,000 of coverage to working applicants between the ages of 18 and 70. Rates start as low as $9.65 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply today.No 2-year waiting period. Start Here to get a FREE Quote. 

NOTE: To qualify, applicants must be working at least 20 hours per week, and not collecting any form of disability income or SSDI.

Highly Recommended – Gerber Life

Gerber Life offers guaranteed issue life insurance for people ages 50 to 80. Choose $5,000 up to $25,000 of coverage. Rates start as low as $17.69 per month. There’s no medical exam and no health questions. You cannot be turned down. Get a Free Quote.

Resources:

• Life Insurance No Medical Exam or Questions
• Tips for Buying Guaranteed Issue Life Insurance
• Guaranteed Issue Life Insurance with No Waiting Period
• A.M. Best Company: Compare financial strength ratings of life insurance companies
• Life Happens.org: Learn about life insurance and review facts.

About Our Methodology

Reviewed By: President of Term Life Online – AU, AAI, ARM

• 30+ years of experience in insurance planning

How We Keep This Guide Accurate: We regularly updates our content to reflect the latest rates and industry trends. We are committed to providing transparent, unbiased information to help you make the best decision for your family.

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Disclaimer: This is for informational purposes only. Consult a licensed professional for advice.