Guaranteed Issue Life Insurance
- NO medical questions
- NO medical examinations
- NO medical tests
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What is guaranteed issue life insurance?
You cannot be turned down for guaranteed issue life insurance unless you live in a hospital or long-term care facility. It is one variety of life insurance with no medical exam. It is intended for individuals whose health problems prevent them obtaining ordinary life insurance coverage.
It entails no underwriting, so the process of getting coverage can be completed in a matter of less than fifteen minutes. (For ordinary life insurance, the application process usually requires 4–6 weeks.)
It entails no medical examination, so you never have to contact any human being in person, and you don't have to contact any needles.
Guaranteed issue may be either term or permanent life insurance.
You cannot be turned down
Unless you currently reside in a hospital or long-term care facility, you will not be turned down for guaranteed issue life insurance.
To apply for most types of insurance, you need to undergo a medical exam and answer health questions on your application, but guaranteed issue life insurance requires none of this.
Guaranteed issue is more expensive
In insurance, uncertainty equates to risk, so guaranteed issue life insurance is expensive. Remember that for guaranteed issue policies, there is no underwriting and the life insurance company has no knowledge of an applicant's health. That means that the life insurance company is uncertain about applicants' mortality risks.
All the insurer knows about an individual to be insured is his/her age and sex. So the rate you pay is based on only these two data.
Because of the greater expense of guaranteed issue life insurance, it is not recommended merely to expedite the application process or to avoid submitting to a medical exam.
How to buy guaranteed issue life insurance
Either call us (1-800-823-4852) or do the work yourself online. If online, start by using our online quoter to instantly retrieve guaranteed issue life insurance quotes. Fill out the form on that page, and you will be rewarded with a list of life insurance products available to you.
WholesaleInsurance.net uses a single quote engine for all types of no-exam life insurance, so some of the quotes listed will pertain to simplified issue or graded benefit life insurance. Read the name of each product to learn what it is. (You may actually qualify for simplified issue life insurance and graded benefit life insurance, which tend to be cheaper than guaranteed issue policies. To determine which policy type is best for your situation, please speak with one of our Advisors at 1-800-823-4852.)
If you find an affordable guaranteed life insurance quote, select it and start filling out your application form online. We'll take it from there.
You may be surprised at the small number of guaranteed issue life insurance quotes you find. After all, Wholesale Insurance does business with over 50 competing life insurance companies, right? The reason that there are comparatively few guaranteed issue quotes from which to choose is that guaranteed issue life insurance is less popular than term insurance or permanent insurance. Fewer life insurance companies sell it, and they create fewer guaranteed issue products.
