What is Guaranteed Issue Life Insurance?
Guaranteed issue (GI) life insurance is a type of whole life policy that requires no medical exam and no health questions. As long as you meet the age requirements (typically 50–85), you cannot be turned down — regardless of your health history.
This makes guaranteed issue policies the coverage of last resort for people who have been declined for other types of insurance due to serious health conditions.
No Medical Exam
No physical exam required.
No Health Questions
No questions about your medical history.
Guaranteed Acceptance
Eligible applicants cannot be declined.
Important: The Two-Year Waiting Period
⚠️ Graded Death Benefit
Most guaranteed issue policies have a 2-year waiting period. If you pass away from natural causes within the first two years of the policy, your beneficiaries will receive a refund of premiums paid (often with interest) — not the full death benefit. Death by accident is typically covered from day one.
Is Guaranteed Issue Right for You?
✅ Good Fit If You...
- ✓Have been declined for other life insurance
- ✓Have serious health conditions (cancer, heart disease, diabetes)
- ✓Only need coverage for final expenses ($5,000–$25,000)
- ✓Are aged 50–85
❌ Not a Good Fit If You...
- ✗Need more than $25,000 in coverage
- ✗Are in good or average health (better options exist)
- ✗Need immediate full coverage (due to waiting period)
- ✗Are looking for the lowest cost per dollar of coverage
Top Guaranteed Issue Carriers
Popular guaranteed issue life insurance providers include:
AIG
Mutual of Omaha
Colonial Penn
AARP / New York Life
Get a Guaranteed Issue Quote
Our agents specialize in finding the best guaranteed issue policy for your budget and coverage needs.
Call 888-407-0714