Guaranteed Issue Life Insurance offers a simple, worry-free way to get lifelong coverage — no medical exams, no health questions, and no surprises. It’s designed for those who want to leave behind financial security, even if traditional insurance hasn’t been an option.
What Is Guaranteed Life Insurance?
Guaranteed Issue Life Insurance also known as Final Expense or Burial Insurance is a type of permanent life insurance designed to cover end-of-life costs like:
- Funeral and burial expenses
- Medical bills
- Outstanding debts
It’s ideal for those who can’t qualify for traditional life insurance due to health issues. There are no medical exams or health questions, and acceptance is guaranteed. Coverage lasts a lifetime as long as premiums are paid, helping protect your family from unexpected expenses.
Can Your Family Afford a Fitting Farewell for You?
Planning for the future isn’t just about growing your wealth or preparing for retirement — it’s also about making sure your loved ones are protected when you’re no longer here. One of the most overlooked aspects of financial planning is preparing for the cost of your final expenses. It’s a difficult topic to think about, but an important one to address. Ask yourself: Can your family afford a fitting farewell for you? The costs associated with end-of-life arrangements can be surprisingly high. A funeral alone often ranges between $7,000 and $10,000, and that doesn’t include additional expenses such as outstanding medical bills, legal or probate fees, and other last-minute costs that can quickly add up. For many families, coming up with that much cash on short notice is a serious burden — especially while they’re grieving.
That’s where life insurance comes in. A policy specifically designed to cover final expenses can relieve your family of this financial pressure and ensure they’re not scrambling to cover costs during an already stressful time. It allows your loved ones to focus on honoring your memory, rather than worrying about how to pay for it. Whether it’s a small policy to handle funeral costs or a more comprehensive plan that addresses a range of final expenses, incorporating life insurance into your overall financial strategy is one of the most thoughtful and impactful decisions you can make. It’s not just about dollars and cents; it’s about leaving peace of mind behind.
Applying for Guaranteed Life Insurance
There’s no medical exam. Just a few simple health questions. It’s quick, hassle-free, and most applicants receive coverage within days. The only requirement: you must be between 50 and 80 years old.
Graded Benefit
Guaranteed Issue policies typically have what’s referred to as a two-year “graded” benefit. That means that during the first two years of your policy being in force, if you die of health-related issues, your beneficiary will only get back your premiums, plus a small amount of interest. If you die from an accidental cause, your beneficiary will typically get the full benefit right away.
After two years, the full death benefit would be paid to your beneficiaries, regardless of the cause of death.
Guaranteed Lifelong Protection
Your coverage will never be reduced or canceled and your premiums will never change. The coverage is guaranteed for life, regardless of future changes in age, health, or occupation, as long as premiums are paid on time.
Matured Endowment
Guaranteed Issue policies usually mature at age 100. At this time, if the insured is still alive, the policy becomes a matured endowment, and will pay out the full face value, minus any loans. Under this scenario, the death benefit would be paid to the owner of the policy, and any gains would be subject to income tax. Some insurance companies allow the insured/owner to delay receipt of the matured death benefit until their death, to avoid any taxable gains.
Guaranteed Life Insurance Quotes and Rates
Guaranteed life insurance can be an excellent option for individuals who might otherwise struggle to qualify for traditional life insurance policies. This type of coverage is designed for those with health challenges, such as chronic conditions or a history of medical issues that may have led to denials in the past. It also appeals to people with high-risk lifestyles or occupations, like skydivers, drag racers, underground miners, or loggers, where the likelihood of injury or fatality is elevated.
Even those who avoid medical settings altogether due to a fear of needles or doctors may find guaranteed life insurance appealing, as it typically requires no medical exams or health questions. While premiums can be higher, guaranteed policies offer peace of mind and financial protection without the barriers of traditional underwriting.
Unmatched Expertise and Personalized Care in Life Insurance
