Affordable Life Insurance Protection for Your Family

Guaranteed Life Insurance

What is guaranteed life insurance? 

Guaranteed issue life insurance is a type of insurance policy that guarantees your approval for coverage.

How does guaranteed issue life insurance work?

You request a price quote and apply for your policy. There’s no health exam and no health questions asked. Your rate per $1,000 of coverage is based on your age, gender and tobacco use, among other factors. Rates do vary by insurance company.

You may be able to apply for your policy today. Once approved you can start your life insurance immediately with your first month’s premium payment. Some insurers accept a check, a credit card, or allow you to make an electronic funds transfer from your bank account.

These guaranteed policies do come with a money-back guarantee. You may have 15, 20, or 30 days in which to request your policy be cancelled and receive a full refund of all premiums paid. The length of your money-back guarantee may vary by state in which you live.

When purchasing your policy you will select a beneficiary or beneficiaries who will receive the proceeds (death benefit) from your life insurance upon your passing.

Life insurance benefits are usually paid out free from income tax.

Get a Free Quote for Guaranteed Life Insurance

Who Can Get Guaranteed Coverage Life Insurance?

Anyone who meets the age requirement may purchase a guaranteed approval life insurance policy. Some insurance companies offer coverage for different ages.

What Ages are Accepted for Guaranteed Coverage? 

  • Mutual of Omaha – Ages 45 to 85
  • Colonial Penn – Ages 40 to 80
  • Met Life – Ages 45 to 75

Is a Medical Exam Required to Get a Guaranteed Policy?

With guaranteed policies there is no health examination required.

There’s no physical exam, no blood test, no urine test, and no nicotine/smoker test.

What are Graded Benefits?

Guaranteed insurance has graded death benefits. This means you have limited death benefits the first 2 or 3 years you are insured by the life insurance policy. 

Some insurers may pay out a return of your premiums paid plus interest if you were to die within the first or second year you are insured. Other insurers may pay a percentage of the death benefit if you pass away before the end of the graded benefit period.

What Insurance Companies offer Guaranteed Issue Life Insurance?

There are several highly-rated insurance carriers that offer guaranteed life plans.  

Among the leading providers are Mutual of Omaha, Colonial Penn, AARP/NewYork Life, Gerber Life and Met Life.

Who Needs Guaranteed Approval for Life Insurance?

Many people may have a need for guaranteed acceptance life insurance, including but not limited to the following:

Advantages of Guaranteed Coverage

There are several advantages to purchasing a life insurance plan with guaranteed approval, including:

  • No Exam – There is no physical examination required.
  • No Health Questions – You don’t have to answer any questions about your health.
  • No Delays – You can start your life insurance policy in as little as one day.
  • No Hassles – You don’t have to meet with an insurance agent or sit through a high-pressure sales pitch.
  • Easy Approval – If you meet the age requirements you can get insured.

Disadvantages of Guaranteed Coverage?

There are a few drawbacks to guaranteed coverage for life insurance, including:

  • Cost – Rates are higher compared to regular life insurance plans that do require you to take a medical exam and answer health questions.
  • Graded Benefits – You have limited death benefits the first 2 years you are insured.
  • Amount of Coverage – The maximum amount of life insurance available from one insurance company may be limited to about $25,000.

Guaranteed Life Insurance Video

You can watch the video below to learn more about how a guaranteed issue policy for life insurance works.

Sample Rates for Guaranteed Life Insurance

These are sample rates for a guaranteed policy with a $7,000 death benefit. Keep in mind your rate could be higher or lower depending on your overall health and which company you choose. To get the most accurate rate, you should get a quote.

Sample Rates for a Male – $7,000 of Life Insurance

Age 45 - Non Smoker – $360 per year       Smoker – $400 per year


Age 55 - Non Smoker – $466 per year       Smoker – $554 per year


Age 65 - Non Smoker – $657 per year       Smoker – $853 per year


Age 75 – Non Smoker – $1,020 per year   Smoker – $1,380 per year



Sample Rates for a Female – $7,000 of Life Insurance


Age 45 – Non Smoker – $333 per year     Smoker – $366


Age 55 – Non Smoker – $418 per year     Smoker – $489


Age 65 – Non Smoker – $566 per year     Smoker – $717


Age 75 – Non Smoker – $812 per year     Smoker – $1,068


 Get a Free Quote for Guaranteed Life Insurance

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Disclosure: Compensated Affiliate