Guaranteed Issue Life Insurance
Insurance Glossary
Life insurance issued with no health questions and no medical exam, so an applicant inside the eligible age range cannot be turned down for medical reasons. Because the insurer takes on unknown health risk, face amounts are capped well below fully underwritten policies, the cost per thousand dollars of coverage is the highest of any life product, and the policy carries a waiting period, typically two years, during which death from natural causes returns the premiums paid with interest rather than the death benefit. Accidental death is generally covered in full from the first day.
This content is for general informational purposes only and is not insurance, legal, or financial advice. Coverage, exclusions, eligibility, and pricing vary by insurer, by policy, and by state, and only the policy documents control what is covered. Always confirm the details of any coverage with a licensed insurance agent or the issuing carrier before you buy.
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