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This content has been reviewed by an experienced licensed SelectQuote life insurance agent to ensure accuracy. Learn more about our editorial standards.
by Charles Jones last reviewed November 2022

Guaranteed Issue Life Insurance

Guaranteed issue whole life insurance is just as the name implies; guaranteed. If you’re between the ages of 45-85 you can’t be turned down, therefore it’s often a promising life insurance choice for seniors or individuals with health concerns as oftentimes, no medical exam is required.

Guaranteed issue life insurance falls under the category of final expense insurance and alongside simplified issue life insurance. It can be daunting to obtain life insurance if you have concerns about your age or health, but both guaranteed issue and simplified issue can help ensure your loved ones are protected in the case the unexpected happens. At SelectQuote, in just minutes, we can help you explore all the life insurance options available to you—including guaranteed issue whole life insurance—to see what policy and coverage makes most sense for you and your situation.

Benefits of Guaranteed Issue Whole Life Insurance

There are a few key benefits to considering a guaranteed issue life insurance plan. Explore some of the main reasons below:

Guaranteed Acceptance Life Insurance

Guaranteed acceptance life insurance is often easier to obtain than traditional term or whole life insurance due to its guaranteed approval. If you’re between the ages of 45-85, you can’t be turned down. Guaranteed acceptance life insurance can be preferred for someone who needs coverage immediately or who believes a medical exam or questionnaire might work against their favor for coverage.

No Medical Exam, Medical Records, or Database Check

One of the biggest benefits of a guaranteed acceptance life insurance plan is that it doesn’t require a medical exam, submission of medical records or any database check. This will not only save you time, but can be a huge benefit if you’re concerned your current or previous health will work against you in terms of approval.

No Health Qualification Questions

While simplified issue life insurance is determined by a health-related questionnaire, guaranteed issue life insurance doesn’t require this step, making it one of the most accommodating forms of life insurance available. There are no health questions required, but there is a basic application that has to be completed to obtain guaranteed issue life insurance.

Guaranteed Acceptance Life Insurance Coverage up to $25,000

If you’re between the ages of 45-85, you can get guaranteed issue whole life insurance coverage up to $25,000. Guaranteed issue life insurance covers accidental death from day one, however, it does not cover death by natural causes within the first two years of coverage. That being said, in the event of a natural death within the first two years, premiums paid are paid back to beneficiaries.

What if I need more than $25,000 in life insurance coverage?

If you need more coverage than the $25,000 available with guaranteed issue life insurance, you might look into instant term life insurance or simplified issue life insurance. If you’re age 60 or younger and in generally good health, you may qualify for up to $2 million in term life insurance coverage without a medical exam through SelectQuote. This is a simple process that takes under an hour to complete. If approved, you can get coverage immediately—much faster than waiting periods for other types of life insurance. Simplified issue life insurance doesn’t require you to take a medical exam or provide medical records and can provide up to $100,000 in coverage. Instead, you fill out a health questionnaire about your medical history and the insurance company will check databases like the Medical Information Bureau (MIB) to get a better understanding of your health.

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