Guaranteed Whole Life Insurance

Insurance companies will offer this policy to any applicant regardless of their past or present health concerns.

Guaranteed issue life insurance is a policy that provides cash benefits to a beneficiary upon the death of the person who is insured.

Guaranteed issue life insurance is typically for people over the age of 50, up to senior citizens who have roughly 10 years or less to live—or individuals with current or previous medical problems. It is oftentimes a last resort for individuals who can’t qualify for other types of life insurance policies because of their health issues and/or don’t have the option to purchase life insurance through their employer. If you have a health condition that prevents you from purchasing another type of life insurance policy or you need to get coverage quickly, a guaranteed issue policy might be right for you.