Coverage / Guaranteed issue
Guaranteed issue life insurance
Whole life with no medical exam and limited health questions.
Guaranteed issue life insurance is a type of whole life with no medical exam and few or no health questions. It's designed for people who may not qualify for other coverage because of their health. Acceptance is typically very broad — but in exchange, coverage amounts are smaller, the cost per dollar of coverage is higher, and policies usually include an initial waiting period before the full death benefit applies.
Who it's a fit for
- People who've had trouble qualifying elsewhere due to health
- Those who want broad acceptance within the product's limits
- Smaller final-expense needs
- Older applicants seeking lifelong coverage
How it works
- Apply with no medical exam and limited or no health questions.
- Choose from the available (typically smaller) coverage amounts.
- Coverage is permanent once issued.
- Understand the waiting period before the full benefit applies.
Good to know
- Coverage amounts are limited and cost more per dollar than fully underwritten policies.
- Most policies have a waiting period — often the first couple of years — before the full death benefit is paid for non-accidental causes.
- If you can qualify for a standard policy, it's usually a better value — ask a licensed agent.
- Availability and terms vary by state and carrier.
Guaranteed issue — common questions
What is the waiting period?
Many guaranteed issue policies pay only a return of premiums (sometimes with interest) if death occurs from non-accidental causes during an initial period, often the first two years. After that, the full benefit applies. Terms vary by carrier.
Is guaranteed issue my only option?
Not necessarily. Many people who think they won't qualify actually can get other coverage. It's worth talking to a licensed agent before assuming guaranteed issue is the only route.
See if guaranteed issue fits your situation.
Start a quick quote, or talk with a licensed agent — no obligation.
Seven16 Life provides general information to help you explore life insurance options. This is not financial, legal, or tax advice.
Coverage is subject to eligibility, the application, and underwriting. Not everyone will qualify, and approval is never guaranteed.
Products and availability may vary and may not be offered in all states.
Coverage is provided and underwritten by licensed insurance providers. Seven16 Life may refer or connect you with licensed providers or partners where appropriate.