Affordable Life Insurance Protection for Your Family

What is Guaranteed Acceptance Whole Life Insurance?

What is a Guaranteed Acceptance Whole Life Insurance Policy and How Does It Work?

Are you in need of life insurance to provide you with lifetime protection and guarantee your approval?

Whether you are over 50, have health issues, have been turned down for coverage from other insurers, or just need guaranteed life insurance, you can get insured.

Guaranteed Approval Whole Life Insurance Explained

Whole life insurance offers life insurance protection that lasts for your entire lifetime.

Guaranteed whole life policies guarantee your approval for coverage. You cannot be turned down due to any health problems. These plans may be a good option for someone who has had difficulty getting insured, has chronic health problems, or seniors over age 70.

So, How Can Everyone Get Approved for Life Insurance?

Well, there are few things you should know first.

You need to meet the age requirements for approval, which may be ages 45-85, but it depends on the insurance company.

In addition, there are graded benefits, which means you have limited death benefits the first two years you are insured. After being insured for 2 years, you have full benefits.

How Much Guaranteed Life Insurance is Available?

That depends on the insurance carrier. Some life insurers may offer up to $15,000 or $20,000 of guaranteed coverage, while one highly-rated insurance company offers up to $25,000 of life insurance with guaranteed acceptance.

However, you may purchase guaranteed plans from more than one insurance carrier.

Where Can I Buy a Guaranteed Approval Life Insurance Policy?

If you’re looking to purchase guaranteed life insurance coverage and you don’t want to answer any questions at all about your health, there are plans available to provide you with the insurance you need.

However, no medical question life insurance, commonly referred to as "guaranteed issue" has a few limitations.

Limitations of Guaranteed Issue Policies

Age – The age requirements vary by insurer from ages 45-75 up to ages 45-85.

Amount of Coverage – The maximum amount of guaranteed life insurance coverage may vary from $20,000 up to $25,000.

Pricing – Minimum rates may be as low as $8.84 to $10 per month.

Limited Benefits – The death benefit is usually "graded", which means it is limited the first two years you are insured by a guaranteed approval policy. After two years, you have full coverage.

Now that you know about the drawbacks of guaranteed life plans, you probably want to compare the leading insurers offering guaranteed life insurance.

Guaranteed Acceptance Whole Life Insurance Companies

Mutual of Omaha

Up to $25,000 in coverage
Rates as low as $8.84 per month
Guaranteed coverage for those aged 45 to 85 (50-75 in NY)
No medical exam or health questions
No decrease in benefits or increase in premiums
Builds cash value to borrow against

Met Life

Guaranteed approval for people age 45-75
No medical exam and no health questions
Rates as low as $10 per month

Colonial Penn

Guaranteed acceptance whole life insurance from $9.95 per month.
You cannot be turned down due to your health.
No medical exam and no health questions
Your rate never increases for any reason
For ages 50 to 85 in most states
As long as you pay your premiums, only you can cancel your coverage.

Note: If you need more than $25,000 of coverage you may be able to purchase a policy from more than one life insurance company.

Guaranteed Acceptance Life Insurance Quotes

Top Pick – Mutual of Omaha

Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.

Highly Recommended – Met Life

Met Life offers guaranteed acceptance life insurance for people age 45 to 75. Choose from $2,500 up to $20,000 of coverage. Rates start as low as $10 per month. There’s no medical exam and no health questions. You cannot be turned down.