Guaranteed Issue Life Insurance

Guaranteed issue life insurance (or Guaranteed Issue Whole Life) requires no physical examination or lab work. Generally, being able to answer "no" to a few simple questions will qualify someone for guaranteed issue life insurance.

Death benefit amounts ranging from $2,000 to $25,000 are available with issue ages being between 50-80 in most states.

Guaranteed issue life insurance provides a graded benefit. That is, the full death benefit amount of the policy will be paid to the beneficiary after a specified period of time from the issue date of the policy. If death occurs prior to the end of that period of time (usually two or three years ), the beneficiary receives a return of paid premiums plus interest. Once that period of time has passed, the full death benefit amount is paid to the beneficiary upon the death of the insured