Compare Guaranteed Issue Life Insurance Carriers & Quotes

If you’re interested in learning more about guaranteed issue life insurance, you’ve come to the right place.

This website is run by seasoned agents who have helped thousands of people secure affordable life insurance, including guaranteed issue, final expense, and burial expense policies.

How To Use Guaranteed Issue Life

On this site, we have over 35 articles, reviews, and guides to help you navigate the complexities of life insurance. For simplicity, we’ve divided our content into 3 categories. Click the category that applies best to you below.

Who Uses Guaranteed Issue Life?

Customers who come to this website are usually:

  • Ready to apply for a guaranteed issue life insurance policy
  • Looking for more information on guaranteed issue for themselves or a family member
  • Do not know if this is the right type of policy for them and want to compare options
  • Want a quick and easy way to compare guaranteed issue life insurance companies
  • Looking for a fast quote to understand what the monthly premium will be

At this stage, you may not know if you absolutely need a guaranteed issue policy or if you might qualify for another type. Perhaps you were told by a friend or relative that this was the policy for you because you will not have to answer any medical questions or take a medical exam.

It is our goal to answer any and all questions you may have and to give you the confidence in knowing if this is the right type of policy for you or a loved one.

When it comes to explaining guaranteed acceptance insurance, this website is 100% fact-based. We are here to bring clarity to what can sometimes be a confusing and overwhelming topic.

In our life insurance carrier reviews, we do offer both objective and subjective feedback based on decades of combined experience selling policies. As independent agents, we wouldn’t be doing our job if we weren’t completely honest about the pros and cons of each. Ultimately, the decision is yours and we want to paint the most accurate picture for you to help in the process.

Before we dive in, there’s something to keep in mind from the beginning. In all honesty, the majority of people should not purchase a guaranteed acceptance policy. Most applicants can save money and avoid the mandatory waiting period by answering brief health questions over the phone. Depending on your individual needs and circumstances, you could be doing yourself and your loved ones a huge disservice by getting a no questions life insurance policy.

How do you know?

By continuing to read the Ultimate Guide to Guaranteed Issue Life Insurance below.

In this guide, we’ll thoroughly explain what guaranteed issue life insurance is, clarify any confusing facts out there, compare the pros and cons, talk about why you may not need it, go over the top three companies, and explain how to purchase a policy.

Table of Contents

What Is Guaranteed Issue Life Insurance?
About Guaranteed Life Insurance
Who Is Guaranteed Issue Life Insurance For?
Is Guaranteed Life Insurance Right For You?
Top 3 Guaranteed Issue Life Insurance Carriers
How To Buy Guaranteed Issue Life Insurance

What is Guaranteed Issue Life Insurance?

As its name implies, 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.

It is the simplest and fastest type of life insurance you can apply for, and almost nobody can be turned down. No matter what, you can still obtain a policy even if you have any number of critical, chronic or terminal illnesses.

This is why the word “guaranteed” is in the name!

Benefits of a Guaranteed Issue Life Insurance Policy

People after purchasing guaranteed issue life insurancePurchasing life insurance is one of the most selfless investments you’ll ever make. Those who are a good fit for no questions insurance are usually purchasing this policy for four major reasons. These include:

  • Providing money to assist in your final arrangements, including burial and cremation expenses
  • Relieving the burden of ongoing household expenses that your income no longer provides support for
  • Assists in paying any remaining medical bills
  • Help pay off some or all leftover debts

When the average cost of an adult funeral is over $7,000 and the average American household has credit card debt of $15,654 — purchasing life insurance becomes a no-brainer.

A guaranteed insurance policy allows you to leave a legacy of love and peace of mind, not debt and burdens.

Other Names for Guaranteed Life Insurance Policies

Before we proceed, we need to clarify the different ways you may see this name written, both on this website and elsewhere. It is not uncommon to see guaranteed issue life insurance policies referred to as something else. What’s important to know is that they are all referring to the exact same type of policy.

Typically you will see it written with some variation of “guaranteed” or “no questions,” and sometimes with “whole life,” “final expense,” “burial,” and “funeral” mixed in.

It’s important to note which of these terms are synonyms and which are used as additional marketing jargon.

No matter what, “guaranteed” = “no questions.”

If you do not see these words, then it is not the same type of policy as covered on this website.

There are other types of whole life, final expense, burial and funeral policies available that are NOT issued on a guaranteed basis. We will briefly go over these options in the following section so you can understand what the alternative options are to guaranteed/no questions insurance.

For now, here are some possible title versions of this type of policy:

  • Guaranteed life insurance
  • Guaranteed issue life insurance
  • Guaranteed issue whole life insurance
  • Guaranteed issue funeral insurance
  • Guaranteed issue burial insurance
  • Guaranteed acceptance insurance
  • Guaranteed issue final expense insurance
  • No questions life insurance
  • No questions funeral insurance
  • No questions burial insurance
  • No questions final expense insurance

On this website, we will predominantly refer to the policy as “guaranteed issue,” “guaranteed acceptance” and “no questions insurance.”

About Guaranteed Issue Life Insurance

As mentioned above, sometimes you’ll see “whole life” in the title of a guaranteed acceptance policy. What you will never see is “term life,” no matter what.

Regardless of which insurance company you purchase from, a guaranteed life insurance policy is always a whole life policy. This means several things:

  • The Policy Will Not Expire At Any Age: no matter what, the carriers cannot cancel your policy on you.
  • You Cannot Outlive The Policy: your policy is guaranteed until you die, even if you live to age 120.
  • The Monthly Payments Will Not Increase On You: even if the cost of living increases, you will be locked into the same premium rate until you pass away.
  • The Death Benefits Cannot Decrease: the face value of the policy is set in stone after the graded period*
  • The Policy Will Accrue Cash Value Which You Can Borrow From: as time goes on, your policy will accumulate cash that you can borrow or loan to yourself. This money either needs to be paid back or will be deducted from the policy payout to your beneficiaries.

These five points are true across all no questions life insurance carriers, most of which we outline in-depth on this website.

*All guaranteed issue policies come with a mandatory waiting period that affects the death benefit. We cover this in the following sections.

Qualifying for Guaranteed Issue Whole Life Insurance

This type of coverage is the easiest to obtain and requires the most basic mandatory information for all policies.

  • Citizenship: you must be a US Citizen or permanent legal
  • State Availability: not every insurance company offers their products in every state. You must make sure that the policy you want is offered in the state you reside in.
  • Age Limitations: the only age that matters is the age that you are applying at and every company has their own restrictions. For the most part, guaranteed issue policies are available to people at least 50 years or older. There are some that go younger, but they are very uncommon. Most companies will stop taking applicants who are older than 80, but there are some that go into the mid-80’s.
  • Legal Consideration: signing a life insurance policy is a legally binding agreement. In order to apply, you (or the person that’s applying) must have the mental capacity to enter into a legal contract. An example where this might be an issue is if the applicant has Alzheimer’s and they’re no longer able to legally consent to an agreement. The insurance carrier will not accept them, no matter if there is a legal guardian.

Coverage Amounts for Guaranteed Acceptance Life Insurance

Money from life insurance for a funeralThe majority of carriers offer coverage up to $25,000. Some go a little higher, which we cover in an upcoming section.

The reason that coverage amounts are much lower than other whole life policies or even term policies, is because carriers need to mitigate risk. Since anything guaranteed attracts people in poor health, companies are only willing to offer so much.

Keep in mind, these policies are also designed to cover the smaller debts and expenses that are left behind after you pass away. They are not designed to cover large mortgage loans, college tuition or significant income protection.

The Graded Death Benefit Period

The main way that insurance companies mitigate risk with these policies is through a mandatory waiting death benefit period.

This is called the graded death benefit period. All companies who offer life insurance policies without medical questions impose a restriction on the first several years of the policy. The majority of companies have a 2-year waiting period, but some go as high as 3 years.

This means that if you pass away during the graded (or waiting) period, the insurance carrier will not pay out any death benefit to your beneficiary.

You may be wondering why this is the case.

The graded period protects insurance companies from issuing a policy to someone with a high likelihood of passing away in the first 24-36 months. It is simply too risky for the companies to insure someone who has an extreme medical condition, like terminal cancer, Alzheimer’s, AIDS, is confined to a wheelchair due to a chronic disease, or others.

Instead, if you pass away in the first two years, they will refund all of the premiums you have paid into the policy to date. In addition, they will also add an additional interest payment usually around 10%. This means all of the money you’ve paid in plus ~10% will be given to your beneficiaries.

This is worst case scenario, of course. But no matter what, your beneficiaries will receive some sort of payment.

The upside is that after the waiting period has passed, you are 100% protected forever. After the graded period is over, it does not matter how old you are or what the cause of death is, your beneficiaries will receive the full face amount of the policy.

Do Guaranteed Issue Life Policies Pay Out For Accidents?

As we mentioned, insurance carriers want to reduce the amount of risk they take on, which is why death by natural causes has a waiting period. That said, they do understand that accidents are completely out of your control.

This is why every single guaranteed acceptance life policy will pay out the full face value if death occurs by an accident. This holds true even during the waiting period of the first 2-3 years.

Regardless if you are responsible for the accident (such as a car crash you caused), the payout is guaranteed and will take place after your surviving loved ones provide a death certificate and police report to the carrier.

Guaranteed Issue Life Insurance With No Waiting Period

Guaranteed life insurance policies without a waiting period do not exist. As you shop around online and educate yourself on life insurance, you may come across articles that use confusing wording regarding the graded period.

Some websites suggest that these policies “might not” pay the death benefit during the first two years if death is non-accidental. This gives buyers the idea that they might be the exception to the graded period rule.

This couldn’t be further from the truth.

Guaranteed policies are given on a black and white basis, there is no grey area or flexibility. If you die in the first 24-36 months (carrier depending) from non-accidental causes, you will NOT receive the face amount of the policy. That’s it.

It’s incredibly important for consumers to know what they’re buying and how their loved ones will be protected. This is why we’re here to be fully transparent and give you all of the facts. It only causes more headaches for everyone down the road when a person buys a policy that is not right for them. So let’s get it right the first time.

Who Is Guaranteed Issue Life Insurance For?

It is definitely tempting to think of a life insurance policy that requires no questions as the obvious choice, but the truth is, they are only for a small percentage of people.

This type of coverage is considered a “last resort” policy, where no other insurance options are available. This means the applicant does not qualify for term insurance or other whole life insurance policies.

Guaranteed acceptance policies should only be taken by people who cannot get any other type of policy, period.

Man over 60 years oldSo what other policy should you be looking into?

If you are interested in a policy with a lower face amount to take care of debts and costs associated with dying, there is a very high chance you can qualify for a simplified-issue final expense policy with underwriting.

Underwriting means that the insurance company will assess your health and lifestyle to determine your insurability. There will be medical questions as part of the application and they do check your medication/pharmacy history. The good news is, though, that they don’t require physical or medical exams. The entire process happens without you ever meeting somebody in person.

A final expense policy is designed for the exact same type of coverage needs as guaranteed issue. As the name implies, it is for the final expenses of life.

The difference, though, is in the benefits of qualifying for a plan with underwriting.

These two MAJOR BENEFITS make a difference for both you and your loved ones:

  1. Instant coverage without a waiting period! This means no 2-3 graded period before the full policy amount is guaranteed to your beneficiaries.
  2. Less expensive! Since your health is helping you to qualify for coverage, the carriers view you as less of a risk and therefore, offer lower monthly fees.

Still not sure? Ask yourself this question:

Would you rather pay a substantially higher premium every month and have to outlive a two-year waiting period OR receive full coverage immediately and keep more money in your pockets while living?

You owe it to yourself and your loved ones to determine which policy is truly best for you.

Are You Concerned About Your Health for Final Expense Coverage?

If you are leaning toward applying for guaranteed/no questions life insurance because of medical reasons, don’t pull the trigger quite yet.

It’s imperative you understand that every single life insurance company will look at you differently. Your unique health situation may be viewed more favorably by one carrier than a competing one.

Do not assume that your medical condition is uninsurable just because you read that it was or somebody told you. Let the experts decide.

Working with a seasoned, independent life insurance agent will ensure that you’re applying for the right type of policy.

If an agent is on the fence of whether or not a carrier will accept you for an underwritten final expense policy, they will most likely apply you for best case scenario (simplified issue) and know that worst case scenario is still available (guaranteed issue).

Is Guaranteed Acceptance Life Insurance Right For You?

Hopefully, you know by now that the majority of people should not default to guaranteed acceptance life insurance. Instead, they should see if they qualify for a policy that has underwriting and fewer limitations.

That said, there are two main circumstances where a guaranteed acceptance policy is the most appropriate.

  1. It is the only option due to health reasons.
  2. It is the cheapest option due to health reasons.

We understand that each situation is unique and your individual circumstance will ultimately be the deciding factor. With a bit more information in hand, hopefully, you will feel confident making the best decision for you and your loved ones.

It’s Your Only Option Due to Health Reasons

When applying for an underwritten life insurance product, carriers take your current and past medical history into consideration. They also look at your pharmacy report, credit history and lifestyle.

When it comes to your health, carriers know what the average life expectancy of every health issue is. Your life expectancy determines how high of a risk you are to an insurance company.

There are certain severe health conditions which will immediately make you uninsurable. When you’re in the process of applying, these conditions are called the “knockout questions” and will be asked right away.

If you say “yes” to any of these conditions, then guaranteed issue life insurance will be your only option for coverage.

  • You have a terminal illness and a life expectancy of 24 months or less
  • You have ever had or been advised by a medical professional to have any kind of organ or tissue transplant
  • You are currently on dialysis
  • You have been diagnosed with or been treated for Alzheimer’s or Dementia*
  • You are currently in a nursing home
  • You are currently receiving hospice care
  • You are confined to a wheelchair due to a chronic illness or disease
  • You currently have cancer (except basal cell or squamous cell skin cancer)
  • You have AIDS (HIV is considered insurable in some situations, but can be tough)

It’s Your Cheapest Option Due To Health Reasons

Outside of health conditions that are flat-out not insurable, there are some health situations that may be insurable, but very high risk.

If you say “yes” to any of these conditions, then guaranteed issue life insurance will be your only option for coverage.

  • You have congestive heart failure**
  • You’ve had a heart attack within the last 12 months
  • You’ve had a full stroke (TIA/mini-strokes are accepted) within the last 12 months
  • You had a heart or circulatory surgery within the last 12 months
  • You had or have been treated for internal cancer or melanoma within the last 24 months and the cancer is gone
  • You use oxygen to assist with breathing (excluding use for sleep apnea)**
  • You’ve had or been treated for angina (chest pains) within the last 12 months

* * Conditions are eligible for partial protection (not 100% death benefit) during the first two years with more lenient companies. However, the premiums would be much higher than that of a guaranteed issue policy from the top 3 companies listed below. It is a personal decision on whether it’s worth the extra money to have a policy that pays out a percentage of your benefit during the first two years.

If you answer yes to one or more of these health situations, a guaranteed issue policy may ultimately be the most affordable. It is not your only option, but it will certainly save you money, especially with the top insurance companies and their no questions products.

Top 3 Guaranteed Issue Life Insurance Carriers

There are at least 15 insurance companies that offer no medical underwriting policies. These 15 are outlined in detail throughout this website, but we’ve taken the liberty of short-listing the top three industry leaders.

These companies are popular for a reason as they all have B++ to A ratings, offer quality products, are competitively priced and very easy to work with.

We’ve included background information about the carriers, sample rates for various ages, state availability, age availability, face amount options, length of the graded period, and interest granted if non-accidental death occurs during the waiting period.

For more detailed information about the products, click on the the review link below the logo to see our full review on their guaranteed issue policy.

AIG life insurance logo

AIG Rates & Review

AIG Website

Founded: 1919

A.M. Best Rating: A

Age availability: 50-80

States Unavailable: NY

Face Amounts: $5,000- $25,000

Graded Period: 24 months

Interest Granted: 10%

AIG Guaranteed Issue – Male


AIG Guaranteed Issue – Female


Gerber Life Insurance Carrier Logo

Gerber Rates & Review

Gerber Life Website

Founded: 1967

A.M. Best Rating: A

Age Availability: 50-80

States Unavailable: MT

Face Amounts: $5,000- $25,000

Graded Period: 24 months

Interest Granted: 10%

Gerber Guaranteed Issue – Male


Gerber Guaranteed Issue – Female


Great Western Life Insurance LogoGreat Western Rates & Review

Great Western Website

Founded: 1983

A.M. Best Rating: B++

Age Availability: 50 – 85

States Unavailable: NY

Face Amounts: $1,000 – $40,000

Graded Period: 24 months

Interested Granted: 10%

Great Western Guaranteed Issue – Male


Great Western Guaranteed Issue – Female


How To Buy Guaranteed Issue Life Insurance

If you have made it to this point, you are probably wondering how to actually go about buying guaranteed issue life insurance. You’ve looked through the medical conditions above and have determined that you are a good candidate for this type of policy.

Great! Let’s not waste any more time.

As we mentioned before, the best way to secure the most affordable and quality life insurance policy for you is to consult with an independent life insurance agency. When you work with an independent agency that represents 15 or more insurance companies, they can shop around on your behalf.

Why do you want someone else doing the shopping for you?

It’ll ultimately save you hours of research and give you a qualified professional to ask any questions you may have. In return, an independent agent will be able to ask you health questions to see if you REALLY need a guaranteed issue product or if you could qualify for a final expense policy. That way, you’ll have the peace of mind in knowing you received the RIGHT policy for YOU.

Why independent?

Working with an independent agency means that its agents can sell policies from multiple guaranteed issue life insurance companies. They are able to offer a much wider selection of coverage options to truly find the best fit for you. This is incredibly important for all people, but especially for those with high-risk health conditions.

Pro Tip: The other option is to work with a captive insurance agent or exclusive agent. These professionals are contracted to work for a single insurance company and only sell their policies. Since they only represent one, they’ll apply immense pressure for you to buy their products even if they’re not a good fit for you.

Common examples of captive insurance companies are State Farm and Farmers Insurance.

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.

We’re here to help.

If you already determined what the most affordable policy for you is using the charts above, great! If not, no worries, it’s imperative you begin your coverage as soon as possible.

To get in touch and begin working through the graded period, 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.

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