Affordable Life Insurance Protection for Your Family

When to Consider Guaranteed Life Insurance?

Reasons to Buy Guaranteed Issue Life Insurance


If you're considering the purchase of a guaranteed life insurance policy, you may be wondering "Why should I buy guaranteed life insurance?"

Well, the truth is, maybe you shouldn’t. 

But, then again, there are several good reasons why a Guaranteed Issue policy may be right for you.

Let’s get one thing out in the open first – Guaranteed Acceptance plans are not for everyone. 

You may be much better off buying a traditional life insurance policy and going through a physical exam and the lengthy underwriting process that may take up to 4-6 weeks or more in order for you to get approved and begin your coverage.

However, there are some good reasons where a Guaranteed Issue policy may be just what you need.


Who Needs Guaranteed Approval Life Insurance?

Some reasons to buy life insurance with Guaranteed Approval include:

  • You have been Turned Down for Coverage
  • You are Over Age 75
  • You have Pre-Existing Chronic Health Issues
  • You have been Diagnosed with Cancer
  • You have COPD or Emphysema
  • You have HIV/AIDS
  • You have No Other Option to Get Insured

Get a FREE Quote


What is Guaranteed Issue Life Insurance?

Unlike other insurance policies, you don’t have to fill out a medical information form or take a physical exam. As long as you pay your premiums, you get the death benefit. However, benefits tend to be substantially lower and range between $3,000 and $25,000.


What Does Guaranteed Acceptance Life Insurance Cover?

If you’re between the ages of 45 and 85, in poor health, and having trouble finding insurance policies that will cover you, this may just be right for you. 

 Whole Life Insurance: 

This is a good alternative to term life, since it’s for your whole life. 

But a whole life policy works a bit differently, in that it also comes with a guaranteed cash value that grows inside your plan over time. With every premium you pay, some of that goes into your policy’s cash value account, which grows on a tax-deferred basis. And, you may take a loan from the cash value. 

The downside to a permanent life insurance policy is that your premiums will be higher, compared to term insurance which is temporary life insurance protection.


How Does Guaranteed Approval Life Insurance Work?

When you sign up for any type of life insurance policy, you choose a beneficiary. 

The beneficiary is the person(s) you choose to receive the death benefit proceeds from your life insurance policy. 

Ideally, you choose a loving spouse or a dependable family member.

Your beneficiary will have the power to use the money according to the instructions in your will or, in the absence of a will, they’ll decide how the money used. 

Usually, that money would go towards funeral expenses, medical bills and any other debts you may leave behind. 

Keep in Mind: Death Benefits work a little differently with guaranteed life insurance plans. 

For the first two years you are insured, the payout will be limited. This is called a Graded Death Benefit.

Before two years have elapsed, the guaranteed policy may only provide reimbursement for the premiums paid plus interest. 

So, check out what your death benefit would be should you pass away before you have been insured for two years.


Why Should I Buy Guaranteed Life Insurance?

The biggest reason is because you are unable to purchase any other type of life insurance coverage from any insurance carrier. 

Guaranteed approval policies work a little differently, but it’s insurance for those who have no other way to protect their loved ones when they die.

The cost of a funeral, and even cremation, is rather expensive these days. 

And the last thing you want to do is leave your loved ones with the financial stress of finding a way to pay for your funeral, burial, and other end of life expenses you leave behind, while they are mourning your death.


How Much Does Guaranteed Issue Life Insurance Cost?

This all depends on a number of factors, like the type of insurance policy, length of coverage, amount of insurance, your age, your gender, and more. 

Turn the TV on early some Sunday morning and you’ll see companies advertising some form of "Guaranteed Acceptance" life insurance for as low as $9.95 per month if you act now.

The best way to get an accurate estimate is to connect directly with the insurance company to find out how much your policy will cost – Get a Free Quote.


Which Insurance Companies Offer Guaranteed Acceptance Policies?

There are several well-known insurers that offer life insurance plans with guaranteed approval.

Some of the leading providers of Guaranteed Issue coverage include: 

  • Mutual of Omaha
  • AAA Life
  • AIG
  • Colonial Penn
  • Gerber Life
  • Met Life
  • AARP/New York Life


When comparing plans make sure you take into consideration, the following:

  • Financial Strength Rating of the Insurer
  • Pricing of Your Policy
  • Maximum Amount of Coverage Available
  • Age Requirements for Approval


The age requirements for acceptance will vary by insurer; as well as, the maximum amount of life insurance available with guaranteed approval.

Keep in mind, you may be able to purchase a policy from more than one life insurance carrier, if you decide you need more insurance.


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.


Learn about Guaranteed Life Insurance Plans


Guaranteed issue life insurance is a last option for many people. But is it right for you?

Guaranteed Coverage is a life insurance policy that the company "must issue" if you pay your premium. 

The insurance company usually just asks your age, gender, and the amount of coverage you need. 

They don’t ask any medical questions whatsoever, and they don’t require you to take any physical examination.

As you probably already know, most other life insurance applications ask you lots of questions about your health. 

And they usually have a nurse come to your house for a medical exam – this is referred to as a "Paramed Exam" which is paid for by the insurance carrier. 

They really only want to insure you if you are healthy. 

This way, you’ll pay premiums for a long time and possibly even cancel your policy before you die. So, the insurer would make a lot of money off you without paying out any death benefit.

However, Guaranteed-Issue insurance policies cater to people who can’t get life insurance coverage anywhere else. 

So, if you can’t get life insurance elsewhere, why not get a guarantee issue policy?

There are plenty of reasons guaranteed plans may not be right for you:

First, the premiums are high for a guaranteed issue life policy. They could even be four or five times as expensive as a comparable life insurance policy that is not guaranteed issue.

"Well," you’re saying to yourself, "if I can’t get coverage elsewhere, I’m willing to pay the higher price." Don’t be so sure it’s a good option. 

First, even if you think you aren’t insurable or you’ve been declined by other companies, it never hurts to ask other companies to insure you.

Understand that insurance companies rely on actuaries that determine what your life expectancy will be based on your age, health, lifestyle, tobacco use, and other key risk factors that are used to evaluate the risk of you dying.

Different actuaries interpret risks differently. One mainstream life insurance carrier might offer you a policy where other insurance companies would not. It never hurts to ask for a life insurance quote.

There is also one big caveat you have to understand if you are going to buy a guaranteed issue policy. 

In most cases, if you die (other than as a result of an accident) within two years of buying your guaranteed issue policy, you only get your premiums refunded, and perhaps some interest on those premiums. 

You won’t get the full death benefit unless you have been insured for at least two years before you pass away. This is called Graded Benefits.

This is the insurance company’s way of protecting itself from very bad risks – people who are near death – who have serious health problems with a short life expectancy.

But people facing extreme health risks are the ones most interested in buying this type of life insurance policy. 

For that reason, if you have major health problems and are scrambling to buy a life insurance policy, make sure you check this provision out before you purchase your coverage.

Another consideration is that Guaranteed-Approval policies are usually issued for small amounts of coverage. Usually, the policies issued for death benefits are between $3,000 and $25,000.

If you need life insurance, don’t assume a traditional insurance carrier will turn you down. 

Find out for yourself by requesting a free life insurance quote. 

Make sure to answer all questions truthfully on the application for life insurance coverage.


Factors to Consider When Choosing Guaranteed Approval Life Insurance 


  • Age – People age 45 to 85 may qualify for a guaranteed issue plan.
  • Amount of Coverage – Purchase from $2,000 up to $25,000 of life insurance.
  • Carriers – Some of the leading guaranteed issue insurance companies include Mutual of Omaha, Metlife, AARP/NewYork Life and Colonial Penn.
  • Graded Benefits – There is limited coverage the first 2 years you are insured, then you have full coverage.
  • Level Premiums – Premiums are guaranteed never to increase. 
  • Level Benefits – Life insurance death benefit is guaranteed never to decrease. Permanent Life Insurance – Guaranteed Lifetime protection.
  • Cash Value – Builds cash value inside the policy, from which you may take a loan.


No matter what type of illness you have, if you meet the age requirements, you may purchase guaranteed issue life insurance.


Leading Illnesses for Seniors in America 


Top 10 Diseases of the Elderly

  • Parkinson’s Disease
  • Alzheimer’s Disease
  • Depression
  • COPD
  • Osteoporosis
  • Heart Disease
  • Diabetes
  • Hypertension
  • Arthritis 
  • Hearing Impairments


Additional Senior Health Conditions


  • Cancer – Lung, Prostate, Breast, Liver, Kidney, Bladder, Bone, Brain, Cervical, Colon
  • Stroke
  • Glaucoma
  • Osteoarthritis
  • Pneumonia
  • Respiratory Diseases
  • Cirrhosis
  • Obesity
  • Epilepsy
  • Kidney Disease
  • Hepatitis A and Hepatitis B
  • High Blood Pressure
  • High Cholesterol
  • Asthma
  • Crohn’s Disease
  • Bipolar Disorder
  • Gallbladder Disease
  • Sexually Transmitted Diseases
  • Hyperglycemia


If you have any of the illnesses listed above, or have any other health issues, you can Get a FREE Life Insurance Quote from a life insurance company offering guaranteed issue life insurance.


Common Reasons People are Turned Down for Life Insurance


If you are in poor health you may have already applied for life insurance and been turned down due to your health.


There are many common health reasons people are denied coverage, including:

  1. Obesity
  2. Cancer
  3. COPD
  4. Alzheimer’s
  5. Emphysema


Top Reasons To Purchase Guaranteed Issue Life Insurance 


  • To cover cost of your final expenses
  • To replace your parent’s income for the family
  • To provide for your surviving parent’s retirement
  • To pay off debt
  • To pay off mortgage loan
  • To provide for your child or grandchild’s education


Common Health Problems In The US


For people in their Golden Years, some of the most common health issues include the following:

  • Osteoporosis
  • Alzheimer’s – Alzheimer’s disease accounted for 92,604 deaths of people over age 65 in 2014, according to the CDC. The Alzheimer’s Associationreports that one in nine people age 65 and older, which is about 11 percent, have Alzheimer’s disease,
  • Macular Degeneration
  • Hearing Loss
  • Cognitive Impairment – Age-Related Memory Loss – Alzheimer’s Disease
  • Dizziness – 24 percent of people over 72 suffer from dizziness.
  • Heart Disease – Heart Attack and Stroke – According to the CDC, heart disease remains the leading killer of adults over age 65, accounting for 489,722 deaths in 2014. As a chronic condition, heart disease affects 37 percent of men and 26 percent of women 65 and older,
  • High Blood Pressure
  • High Cholesterol
  • Cancer – Cancer is the second leading cause of death among people over age 65, with 413,885 deaths in 2014, according to the CDC. The CDC also reports that 28 percent of men and 21 percent of women over age 65 are living with cancer.
  • Respiratory Diseases – COPD, Emphysema, Chronic Bronchitis, Asthma – Chronic lower respiratory diseases, such as chronic obstructive pulmonary disease (COPD), are the third most common cause of death among people 65 and older, with 124,693 deaths in 2014, according to the CDC.
  • Diabetes – More than 25 percent of people over age 60 have diabetes
  • Flu/Pneumonia – Although the flu and pneumonia aren’t chronic conditions, these infections are among the top eight causes of death in people over age 65, according to the CDC.
  • Obesity – Of the adults between 65 and 74, 36.2 percent of men and 40.7 percent of women are obese — meaning that their body mass index is greater than or equal to 30 — according to the CDC. It can also be a signal that an older adult isn’t as active or mobile as he or she once was.
  • Depression – According to the American Psychological Association, 15 to 20 percent of Americans over 65 have experience depression. A threat to senior health, depression can lower immunity and can compromise a person’s ability to fight infections.


Guaranteed 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.


Highly Recommended – Met Life

MetLife offers guaranteed issue life insurance for people age 45 to 75. Choose $2,500 up to $20,000 of coverage. Rates start as low as $10 per month. There’s no medical exam and no health questions. You cannot be turned down. 


When to Consider Guaranteed Life Insurance?

Guaranteed Issue Life Insurance Companies

Guaranteed Acceptance Life Insurance FAQs

Disclosure: Compensated Affiliate