Speak with an experienced advisor! 646-866-6990
Speak with an experienced advisor! 646-866-6990
We reviewed the top 15 guaranteed issue life insurance carriers so you can find the best company and save money…
See all 15 reviews here!
If you have cancer, heart problems, ALS, HIV, or other medical conditions, you can still get life insurance…
Read our 9 high risk life insurance guides here!
Life insurance rates vary based on age. Find out what rates you can get in your 40’s, 50’s, 60’s, 70’s, and into your 80’s…
See guaranteed life insurance rates by age here!
If you’re interested in learning more about guaranteed issue life insurance, you’ve come to the right place.
This website is run by experienced life insurance agents who have helped thousands of people secure affordable life insurance, including guaranteed issue, final expense, and burial insurance policies.
To find out if guaranteed issue life insurance is the right type of life insurance for you, read below.
Guaranteed issue life insurance is a life insurance policy that has no underwriting and is guaranteed to anyone. There are no health or lifestyle questions, medical underwriting, prescription reports or medical exams.
Guaranteed issue life insurance is a type of life insurance policy that has no underwriting and is guaranteed to anyone regardless of health. In fact, it is designed for people with high risk medical conditions like cancer or HIV, typically seniors who have declining health.
Features of guaranteed issue life insurance include:
It is the simplest and fastest type of life insurance you can apply for, and almost nobody can be turned down.
There are different names for this type of insurance. The most common names include.
At first glance, guaranteed life insurance sounds like a no-brainer, but it is typically a more expensive policy, and there is always a waiting period.
It is definitely tempting to think of a life insurance policy that requires no questions as the obvious choice.
It is definitely tempting to think of a life insurance policy that requires no questions and has a fast application process as the obvious choice.
The truth is, guaranteed life insurance policies are only for a small percentage of people. Guaranteed issue policies should only be purchased by people who cannot get any other type of policy, period.
First, see if you qualify for a policy that has underwriting and fewer limitations. You will get a better rate, and potentially more coverage.
If, however, you have been denied life insurance coverage in the past, or have a high risk medical condition, then a guaranteed issue policy might be the best option for you.
Here are several situations where a guaranteed acceptance life insurance policy is the only option.
Speak with one of our agents to see if guaranteed issue life insurance is right for you, or if we can find you a cheaper type of life insurance policy.
If you have a serious medical condition, or simply know that you need guaranteed issue life insurance, here are some sample quotes to give you an idea of what your monthly premiums might be.
Note: These rates are not exact, and you may fall outside of the listed ranges. Contact us to get an exact quote.
Below are sample rates for a guaranteed issue life insurance policy for male from 50 to 85 years old.
| Age | $5,000 | $10,000 | $15,000 | $20,000 |
|---|---|---|---|---|
| 50 | $22 | $42 | $63 | $83 |
| 55 | $26 | $51 | $75 | $100 |
| 60 | $32 | $62 | $93 | $123 |
| 65 | $38 | $73 | $109 | $144 |
| 70 | $48 | $93 | $139 | $185 |
| 75 | $64 | $125 | $186 | $247 |
| 80 | $89 | $176 | $262 | $349 |
| 85 | $151 | $299 | $448 | $596 |
These are sample rates for a guaranteed issue life insurance policy for a female from age 50 to 85.
| Age | $5,000 | $10,000 | $15,000 | $20,000 |
|---|---|---|---|---|
| 50 | $16 | $36 | $53 | $69 |
| 55 | $20 | $40 | $59 | $78 |
| 60 | $24 | $45 | $67 | $88 |
| 65 | $29 | $55 | $81 | $107 |
| 70 | $37 | $71 | $105 | $139 |
| 75 | $49 | $96 | $143 | $189 |
| 80 | $69 | $135 | $202 | $268 |
| 85 | $103 | $204 | $305 | $406 |
To get more accurate quotes, use our instant quote tool to the left, then give us a call to find the best rates for you.
Not all life insurance companies have a guaranteed issue policy. The carriers that do, all have policies that cater to different ages and medical situations.
See all 15 of our company reviews to learn more.
Below are the top 3 guaranteed issue life insurance companies, however, we do recommend other carriers for some situations, so be sure to speak with one of our experts before purchasing.
See our comparison of these 3 carriers here, or click below to see reviews and rates for each company’s guaranteed issue life insurance policy.
| AIG Review & Rates | Gerber Life Review & Rates | Great Western Review & Rates |
|
|---|---|---|---|
| A.M. Best Rating | A | A | B++ |
| Age Availability | 50 – 80 | 50 – 80 | 40 – 85 |
| States Unavailable | NY | MT | NY |
| Coverage Amounts | $5,000 – $25,000 | $5,000 – $25,000 | $1,000 - $40,000 |
| Graded Period | 24 Months | 24 Months | 24 Months |
| Interest Granted | 10% | 10% | 10% |
| Accelerated Death Benefits | Chronic & Terminal Illness Riders | None Available | Spousal Bonus & Dependent Riders |
There are several things you should know before purchasing guaranteed issue life insurance. These tips will help you find the cheapest life insurance rates possible.
If you can qualify for a policy with medical questions, then you’ll likely get a cheaper rate, better coverage, or both. Always be sure you can only get a guaranteed life insurance policy before purchasing.
It’s unlikely that the first policy you find will be the best rate and fit for your situation. We recommend comparing as many guaranteed issue life insurance carriers as possible to find the cheapest rate.
The fastest & easiest way to secure the most affordable life insurance policy is to consult with an independent life insurance agency. When you work with an independent agency, they can review quotes from all the top guaranteed life insurance companies on your behalf at no extra charge to you. This saves you time and money.
The best time to apply for life insurance is always today.
Every day that passes means you’re life insurance rates will go up. For seniors over 50 or 60, this is even more true. As we get older, not only do rates increase faster, but the coverage amounts that life insurance companies are willing to offer decline.
Also, the sooner the waiting period starts, the more likely you’ll be to get the full policy amount. Wait too long and you may not get the coverage you and your family need.
To apply for guaranteed issue life insurance, you have two options.
If you work with an independent agency, you will have a dedicated agent whose only goal is to find the most appropriate policy for you.
To get in touch and begin working through the graded period of your guaranteed issue life insurance policy, call us directly at 949-480-9638. We are a team of independent agents, licensed in all 50 states and our services are 100% free of charge.