Affordable Life Insurance Protection for Your Family

Life Insurance without 2 Year Waiting Period

Do You Want to Buy a Life Insurance Policy without a Two Year Waiting Period?

If so, you may want to first learn how it works, and how it differs from a 2-year waiting period policy.

Life Insurance without 2 Year Waiting

Most life insurance has immediate coverage upon approval for your life insurance, and the insurer receiving your first premium payment.

What that means is, once the insurance company receives your application for coverage, reviews and approves you for insurance, and you pay that first premium payment, you are covered.

That’s how most life insurance policies work – Term Life and Permanent Life Insurance.

What is Life Insurance Requiring a 2 Year Wait Period?

This is basically a guaranteed issue permanent life insurance plan that accepts anyone who meets the age requirement for approval. 

With guaranteed issue policies, you cannot be denied coverage due to any pre-existing health condition.


You are guaranteed acceptance for life insurance if:

  • You meet the age requirements for approval.
  • You live in a state where the insurer is licensed to do business.
  • The insurance company offers the guaranteed plan in your state of residence.
  • You can afford to pay the premium for the life insurance policy.


Guaranteed life insurance has no medical exam required and no health questions asked.


How to Buy Life Insurance without Waiting 2 Year for Full Coverage?

There are several ways you may purchase life insurance coverage without any waiting period, including:

  • Contact a local life insurance agent.
  • Visit an independent life insurance broker.
  • Call life insurance carriers one-by-one for a free price quote.
  • Visit a life insurance website with access to multiple insurers that offers pricing comparisons and the option to purchase your life insurance over the internet.


There are quick-issue term life insurance policies available which you may apply for and purchase completely online without any physical examination required.

If you qualify, you may start your life insurance coverage the same day you apply.


Why Do Some Life Insurance Policies Have a Waiting Period?

The key reason some life insurance plans do come with a two-year waiting period is because they are guaranteed acceptance, even for people with health problems.

So, they add a graded death benefit to the policy which means you do not have 100% death benefit coverage from the start of your insurance.

If the person insured by the policy dies within two years of starting their life insurance policy, the beneficiary receives 100% of the premiums paid, plus some interest on those premiums, for example, 8% interest on the premium amount.

That way, high risk people can get insured, but the insurer does not lose too much if the insured person passes away within the first two years of being insured. 

Note: The graded death benefit may be 2 or 3 years, it varies by insurance company.


Life Insurance Quotes without a Waiting Period


Top Pick – JRC Insurance Group

JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote.


Life Insurance Quotes with a 2 Year Waiting Period


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

Contestability Period versus Waiting Period

Please Note: The Contestability Period is not the same as the Waiting Period.


Contestability Period: Each life insurance policy comes with a contestability period, which usually lasts for two years.

This means, if you lie on your application for life insurance, and you die within two years of buying your policy, the insurance company can contest the death benefit payout.

If your death is the result of the material misrepresentation on your application for coverage, the insurer can deny any payout to your beneficiaries of your life insurance policy.

What this basically means is if you lied on the application when you bought your life insurance, and your death was a result of the thing you lied about (for example, not having cancer), then the insurance company will not have to pay out any death benefit for your life insurance policy.

Because, they would not have insured you if they knew about the health problem you lied about not having when you applied for coverage.


Waiting Period: The waiting period for a life insurance policy is the period of time required by the insurer that you own the policy before you have 100% (full) death benefits provided by your policy.

It basically means that your beneficiary will not receive the full death benefit of your life insurance if you die before the waiting period ends. 

The wait period may be 2 or 3 years, it varies by insurance company.

A waiting period usually applies to Guaranteed Issue life insurance policies because they offer guaranteed approval to people who may not otherwise qualify to purchase a policy due to old age, poor health, driving record, obesity, COPD, cancer, or some other reason that makes the person a high risk.

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