Jeffrey Wade
Guaranteed issue life insurance is a type of permanent whole life insurance with level premiums and a small death benefit. The policy rates are based on your current age and gender, along with your desired coverage amount. Smokers typically pay the same rates as non-smokers, and there are no health questionnaires or medical exams to complete. After completing the application, you are immediately approved if you meet the eligibility criteria. Most guaranteed issue policies build cash value over time. Ethos Life and Mutual of Omaha have the best guaranteed acceptance life insurance rates for shoppers aged 60 and younger. MetLife has the highest coverage amount available, up to $50,000, but you can only get a quote through the company's advisors.
| Characteristics | Values |
|---|---|
| Application process | No health questions or medical exams |
| Immediate approval if eligibility criteria are met | |
| Premiums | Based on current age and gender, along with the desired coverage amount |
| Smokers pay the same rates as nonsmokers | |
| Ethos Life and Mutual of Omaha have the best rates for shoppers aged 60 and younger | |
| MetLife has the highest coverage amount available, up to $50,000 | |
| AAA Life Insurance offers coverage amounts up to $25,000 for folks aged 45 to 85 | |
| AARP offers coverage amounts up to $25,000 for members aged 50 to 85 in most states and between 50 and 80 in Minnesota, Missouri, Montana and Oregon | |
| AIG Direct offers policies for $5,000 to $25,000 for individuals aged 50 to 80 | |
| Alfa Insurance offers coverage amounts up to $25,000 for buyers aged 40 to 80 | |
| Cash value | Most guaranteed issue policies build cash value over time |
| You can take a loan against the cash value, but if it’s not paid off before you die, it will reduce the death benefit owed to your beneficiary |
What You'll Learn
Guaranteed issue life insurance for people aged 45-85
Guaranteed issue life insurance is permanent whole life insurance with level premiums and a small death benefit. The policy rates are based on your current age and gender, along with your desired coverage amount. Smokers typically pay the same rates as non-smokers, and there are no health questionnaires or medical exams to complete.
If you're aged 45-85, you may want to consider AAA Life Insurance, which offers guaranteed issue life insurance for coverage amounts up to $25,000. AARP also offers a policy through New York Life for AARP members aged 50-85 in most states (50-80 in Minnesota, Missouri, Montana and Oregon). Coverage amounts go up to $25,000, but it's not available to applicants who are currently terminally ill.
MetLife's guaranteed acceptance whole life insurance policy is available to applicants as young as 45, with rates available up to age 80. MetLife has the highest coverage amount available, up to $50,000, and the policy is issued with no health questions or medical exams.
It's worth noting that guaranteed issue whole life insurance considers few rating factors, but rates can vary by carrier. It is recommended to get at least three quotes from different companies to compare rates, especially if you're under 60. Ethos Life and Mutual of Omaha have the best guaranteed acceptance life insurance rates for shoppers aged 60 and younger.
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Guaranteed issue life insurance for people aged 40-80
If you're looking for guaranteed issue life insurance and are aged between 40 and 80, there are a few options available to you.
Firstly, it's worth noting that guaranteed acceptance life insurance is permanent whole life insurance with level premiums and a small death benefit. The policy rates are based on your current age and gender, along with your desired coverage amount. Smokers typically pay the same rates as non-smokers, and there are no health questionnaires or medical exams to complete.
One option is Alfa Insurance, which offers guaranteed acceptance life insurance for buyers aged 40 to 80, with coverage of up to $25,000. Another option is MetLife, which offers a guaranteed acceptance whole life insurance policy with coverage of up to $50,000. Applicants can be as young as 45, and rates are available up to age 80. It's worth noting that MetLife's policy is only available through the company's advisors, so you can't get a quote or apply online.
If you're looking for a policy with a lower coverage amount, AIG Direct offers policies for $5,000 to $25,000 in insurance for individuals aged 50 to 80. Additionally, AAA Life Insurance sells guaranteed issue life insurance to folks aged 45 to 85, with coverage amounts of up to $25,000.
When considering guaranteed issue life insurance, it's important to shop around and get quotes from multiple companies to compare rates. It's also worth noting that these policies typically build cash value over time, which can be borrowed against but will reduce the death benefit if not paid off before the policyholder's death.
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Guaranteed issue life insurance for people aged 50-80
Guaranteed issue life insurance is permanent whole life insurance with level premiums and a small death benefit. The policy rates are based on your current age and gender, along with your desired coverage amount. Smokers typically pay the same rates as non-smokers, and there are no health questionnaires or medical exams to complete.
The best guaranteed issue life insurance for you will depend on your age, gender, and desired coverage amount. Ethos Life and Mutual of Omaha have the best rates for shoppers aged 60 and younger. MetLife has the highest coverage amount available, up to $50,000, and applicants can apply as young as 45, with rates available up to age 80. AAA Life Insurance sells guaranteed issue life insurance to people aged 45 to 85 for coverage amounts up to $25,000. AARP offers a policy through New York Life for AARP members aged 50 to 85 in most states and between 50 and 80 in Minnesota, Missouri, Montana, and Oregon. Coverage amounts go up to $25,000, but the policy is not available to applicants who are currently terminally ill. AIG Direct offers policies for $5,000 to $25,000 for individuals aged 50 to 80. Alfa Insurance's guaranteed acceptance life insurance is for buyers aged 40 to 80 who are looking for up to $25,000 in coverage.
Most guaranteed issue policies build cash value over time, and you can take out a loan against this value. However, if the loan is not paid off before you die, it will reduce the death benefit owed to your beneficiary.
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Guaranteed issue life insurance for people aged 60 and younger
Guaranteed issue life insurance is permanent whole life insurance with level premiums and a small death benefit. The policy rates are based on your current age and gender, along with your desired coverage amount. Smokers typically pay the same rates as nonsmokers, and there are no health questionnaires or medical exams to complete.
If you are aged 60 or younger, Ethos Life and Mutual of Omaha have the best guaranteed acceptance life insurance rates. It is recommended that you get at least three quotes from different companies to compare rates.
After completing the application, you are immediately approved if you meet the eligibility criteria. Most guaranteed issue policies build cash value over time, and you can take a loan against this cash value. However, if the loan is not paid off before you die, it will reduce the death benefit owed to your beneficiary.
MetLife's guaranteed acceptance whole life insurance policy is only available through the company's advisors, so you cannot get a quote or apply online. However, MetLife has the highest coverage amount available, up to $50,000, and applicants can apply as young as age 45.
Other companies that offer guaranteed issue life insurance include AAA Life Insurance, AARP, AIG Direct, and Alfa Insurance. These companies offer coverage amounts ranging from $5,000 to $25,000 for individuals aged 40 to 85.
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Guaranteed issue life insurance with no health questions or medical exams
Guaranteed issue life insurance is permanent whole life insurance with level premiums and a small death benefit. The policy rates are based on your current age and gender, along with your desired coverage amount. Smokers typically pay the same rates as non-smokers, and there are no health questions or medical exams to complete.
Ethos Life and Mutual of Omaha have the best guaranteed acceptance life insurance rates for shoppers aged 60 and younger. MetLife has the highest coverage amount available, up to $50,000, but you can only get a quote through the company's advisors. AAA Life Insurance sells guaranteed issue life insurance to people aged 45 to 85 for coverage amounts up to $25,000. AARP offers a policy through New York Life for AARP members aged 50 to 85 (or 50 to 80 in Minnesota, Missouri, Montana and Oregon) with coverage amounts up to $25,000. AIG Direct offers policies for $5,000 to $25,000 in insurance for individuals aged 50 to 80. Alfa Insurance's guaranteed acceptance life insurance is for buyers aged 40 to 80 who are looking for up to $25,000 in coverage.
After completing the application, you are immediately approved if you meet the eligibility criteria. Most guaranteed issue policies build cash value over time, and you can take a loan against this value. However, if the loan is not paid off before you die, it will reduce the death benefit owed to your beneficiary.
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Frequently asked questions
Guaranteed issue life insurance is permanent whole life insurance with level premiums and a small death benefit. The policy rates are based on your current age and gender, along with your desired coverage amount.
Some of the best guaranteed issue life insurance companies include Ethos Life, Mutual of Omaha, MetLife, AAA Life Insurance, AARP, AIG Direct and Alfa Insurance.
Guaranteed issue life insurance has an easy application process with no health questions or medical exams. Most guaranteed issue policies also build cash value over time.
Guaranteed issue life insurance can be more expensive than other types of life insurance, and the coverage amounts are typically lower.
When choosing a guaranteed issue life insurance policy, it's important to compare age ranges, coverage options, waiting periods and payouts during the waiting period to find the right choice for your needs. It's also a good idea to get at least three quotes from different companies to compare rates.
