Best Guaranteed Issue Life Insurance Companies

Clifford PendellWritten by Clifford Pendell, Managing Partner and Co-founder

As you might already know, some health conditions can prevent you from qualifying for traditional life insurance. This is when a guaranteed acceptance policy can help.

What’s different about it?

These policies do not require a medical exam and there are no health questions asked.

Guaranteed acceptance life insurance (or guaranteed issue life insurance) was specifically designed for people with serious medical conditions that prevent them from qualifying for other types of coverage. It’s intended to provide your loved ones with money to help cover your end of life expenses and burial costs.

The application process for a guaranteed whole life insurance policy is quick and simple. Most applications can be completed in less than 20 minutes over the phone or online.

And the best part?

You application can’t be turned down and your life insurance coverage begins immediately.

Quick Article Guide

Here’s what we'll cover in this post:

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  • Indiana
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  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
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  • New Jersey
  • New Mexico
  • New York
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  • Rhode Island
  • South Carolina
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  • Tennessee
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  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
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Some advice from our experts:

Our Recommendations

These policies are designed to help people with serious health issues. If you are in average or better health for your age, less expensive options might be available.

If you have already been turned down for term or permanent life insurance, you might want to consider getting a second opinion. Every insurance company has different requirements and some companies are more lenient with health conditions than others.

Do You Have Questions? We Can Help!

We’re licensed in every state and we work directly with dozens of highly-rated life insurance providers. Call us today for free consultation at 855-247-9555 and one of our agents will make sure you get the best possible coverage for your needs.

Continue reading about guaranteed acceptance life insurance to determine if this is the best option for your needs and health profile, or you can request an instant quote below to compare your options.

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See the advantage of shopping 63 providers

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  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Instantly Compare Rates
  • No Obligation
  • It Takes Less than a Minute

No Medical Exam

Most life insurance policies require a health screening for approval, but with guaranteed issue life insurance, there are no medical questions or phone interviews needed. And, unlike other forms of coverage, a high risk medical condition or terminal illness won’t automatically prevent you from qualifying.

Guaranteed issue life insurance companies do not require any medical exams or health history checkup of any kind. And unlike term life insurance, guaranteed issue life insurance is permanent, so you won’t have to worry about buying another policy in the future.

What if I have a serious medical condition?

Guaranteed acceptance whole life insurance is ideal for people with pre-existing conditions. Some providers even offer living benefits that can provide financial assistance if you are diagnosed with a chronic or terminal Illness.

Are there any cons?

Graded death benefit

You should however know, this type of insurance does not offer full and immediate coverage. Most policies have a waiting period or graded death benefit clause.

What does this mean?

The waiting period is a two-year period at the beginning of the policy. During this time, if you die from a natural death, the full death benefit is not paid out. Instead, your beneficiaries will receive a refund of the premiums paid, plus some interest.

In the case of an accidental death, the full benefit will be paid, even if it occurs during the first two years of coverage. This money can be used for any purpose, including final expenses like funeral costs, medical bills, and any unpaid credit card debt.

Can I get guaranteed acceptance life insurance with no waiting period?

Almost all issue guaranteed policies require a waiting period. But, if you are currently working at least 20 hours per week, and want to avoid waiting two years for full coverage, we may be able to help. For more information please call us at 855-247-9555 or request a free quote.

Compare Guaranteed Life Insurance Rates Now

See the advantage of shopping 63 providers

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  • $3,000
  • $4,000
  • $5,000
  • $6,000
  • $7,000
  • $8,000
  • $9,000
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  • $14,000
  • $15,000
  • $16,000
  • $17,000
  • $18,000
  • $19,000
  • $20,000
  • $25,000
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Instantly Compare Rates
  • No Obligation
  • It Takes Less than a Minute

Does my age matter?

Issue Age

Age is actually the only restriction for this type of coverage. Most life insurance providers have a minimum and maximum issue age. Guaranteed acceptance life insurance is most commonly purchased by seniors ( between 50 and 80 years old). But some life insurance companies have options for applicants under the age of 40.

There are also a few that issue guaranteed acceptance life insurance to seniors until the age of 85.

Let’s see how much coverage does this type of policy offer.

Policy Coverage

How much coverage can I get?

The amount of coverage that guaranteed acceptance life companies are willing to offer is lower than a standard life insurance policy can offer. Most policies offer up to $25,000, but there may be a few exceptions for applicants that are currently working.

In this situation, you may be able to purchase as much as $100,000 of coverage without a waiting period. Our independent agency represents dozens of highly-rated life insurance providers and we can help you determine your best option in just a few minutes. Call us today to get started, 855-247-9555.

How Can I Apply?

Before you decide to apply, make sure to evaluate all of your options by working with an independent agency like JRC. We’ve helped thousands of clients find the best policy for their needs and our comparative shopping services are always free.

If you made up your mind and want to start the application process, you can also call us toll-free at 855-247-9555, or you can request a free quote online to compare rates and options.

Compare Guaranteed Life Insurance Rates Now

See the advantage of shopping 63 providers

  • $2,000
  • $3,000
  • $4,000
  • $5,000
  • $6,000
  • $7,000
  • $8,000
  • $9,000
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  • $14,000
  • $15,000
  • $16,000
  • $17,000
  • $18,000
  • $19,000
  • $20,000
  • $25,000
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Instantly Compare Rates
  • No Obligation
  • It Takes Less than a Minute

Consult our list of handpicked companies that offer coverage for this type of policy and call us today:

What companies offer guaranteed acceptance life insurance?

We put together a list of life insurance companies that offer this policy:

  • AIG guaranteed acceptance life insurance
  • Gerber Life guaranteed acceptance life insurance
  • Great Western guaranteed acceptance life insurance
  • JRC Insurance Group guaranteed acceptance life insurance
  • Mutual of Omaha guaranteed acceptance life insurance

Who has the best guaranteed acceptance life insurance? This comes down to your needs.

You can find more details about each life insurance company and their policy requirements in the table below.

[guaranteed-acceptance-companies]

What is Guaranteed Acceptance Life Insurance?

Guaranteed acceptance life insurance is a form of permanent coverage that is available to people with serious health issues. These policies were created to help otherwise uninsurable individuals with their burial costs and end of life expenses. They are easy to purchase and do not require an exam for approval.

The trade-off with guaranteed acceptance life insurance is that it requires a two-year waiting period where coverage is limited. During this time, if you pass away from anything health-related, your beneficiary will receive a refund for the money you've paid into your policy plus 10-20% interest.

If you pass away in an accident, or from a health-related issue after two years, your beneficiary will receive the full death benefit from your policy. This allows the life insurance to remain affordable and it encourages people to buy their coverage when they are younger and healthier.

How Much Does Guaranteed Acceptance Life Insurance Cost?

Guaranteed issue life insurance rates are determined by your age, gender, and the amount of coverage you need. Some insurance providers also consider tobacco use, but this is less common. In the following table, we've provided some sample quotes to help you estimate the cost of your policy.

Sample Guaranteed Acceptance Life Insurance Rates for Females

Current Age
$10,000
$15,000
$20,000
$25,000
50
$34.47
$51.24
$68.02
$84.79
55
$44.27
$65.40
$87.63
$109.31
60
$51.06
$75.84
$101.20
$126.27
65
$62.61
$93.45
$124.30
$155.15
70
$75.53
$112.84
$150.15
$187.46
75
$108.17
$161.79
$215.42
$269.04
80
$167.00
$248.32
$329.64
$439.55

*Displayed monthly rates are provided for illustrative purposes only and are subject to change at any time without notice.

Sample Guaranteed Acceptance Life Insurance Rates for Males

Current Age
$10,000
$15,000
$20,000
$25,000
50
$44.09
$65.68
$87.27
$108.86
55
$57.93
$86.42
$114.95
$143.46
60
$63.89
$95.38
$126.87
$158.36
65
$85.16
$127.28
$169.40
$211.52
70
$99.18
$148.32
$197.45
$246.59
75
$139.52
$208.82
$278.12
$347.42
80
$206.33
$308.50
$415.67
$519.08

*Displayed monthly rates are provided for illustrative purposes only and are subject to change at any time without notice.

For an accurate quote based on your age, gender, and coverage needs, give us a call toll-free at 855-247-9555 or request an instant quote below. Our comparative shopping services are always free and we representative more than 50 life insurance providers to help you save time and money.

Compare Guaranteed Life Insurance Rates Now

See the advantage of shopping 63 providers

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Clifford Pendell

Clifford Pendell

Managing Partner and Co-founder

Cliff is a licensed life insurance agent and one of the owners of JRC Insurance Group. He has helped thousands of families of businesses with their life insurance needs since 2012 and specializes with applicants who are less than perfect health. In his spare time he enjoys spending time with family, traveling, and the great outdoors.

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  • Colorado
  • Connecticut
  • Delaware
  • Florida
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  • Hawaii
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  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
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Don't worry, we won't sell your information. By submitting an online insurance quote request, you are providing JRC Insurance Group with your prior express and written consent to call you at the cell phone number or residential phone number provided. Final rates are based on eligibility. You can also reach us toll-free at 855-247-9555.