Guaranteed Issue Life Insurance

Guaranteed issue life insurance- what is it?

Have you ever been declined life insurance protection from a traditionally underwritten application? If so, you know how frustrating  and disappointing it can be. Many health conditions such as heart disease, diabetes, use of a defibrillator, cancer history can often times be declined by an insurance carrier.

Guaranteed issue life insurance may offer you a solution to your coverage needs. This coverage is typically available without any medical questions, insurance exams or blood work needed.

But, there are differences in how these policies work as compared to traditional life policies. We will discuss this later in this article.

How much guaranteed issue life insurance coverage can I get?Guaranteed Issue Life Insurance

Okay, so the secret to obtaining the most guaranteed issue life insurance coverage is to work with an independent life agent or agency owner.

Many times they will have access to multiple carriers that will allow you to layer different amounts of protection.

It is true that most life insurance carriers typically only offer $25,000- $50,000 of guaranteed issue coverage. But, depending on the answers to questions on the applications you may be able to layer enough coverage with different carriers to get up to $200,000 – $250,000 of protection.

How do guaranteed issue policies work?

It’s no secret that life insurance companies are not in business to lose money. So, how can they sell life insurance policies that do not require any medical underwriting?

Some carriers are a bit different, but generally most guaranteed issue policies work the same.

As mentioned above one of the things these companies do is limit the amount of coverage they will write. So, $25,000 – $50,000 is the most they are exposed to for any one insured.

Another thing these carriers do is offer graded death benefit policies. This means the carrier doesn’t pay out the full death benefit for the first two years of the contract.

Here is an example: John buys a $50,000 death benefit guaranteed issue policy. If John happens to pass away during the first 12 months of the policy, the insurance company would pay his beneficiaries all premiums back plus 10% interest.

If John passes away in year two the carrier would pay 20% of the death benefit to his beneficiaries. If John passes away in year 3 then his beneficiaries would get the full $50,000 benefit. This is known as a graded death benefit plan and this helps protect the insurance company from early losses.

Are you able to get immediate death benefit guaranteed issue coverage?

The short answer is yes. At the time of this blog there are carriers that will offer immediate death benefit (not graded) for up to $100,000 in benefit.

But, as with all plans there are stipulations such as age and more importantly are you employed at least 20 hours per week and able to do your job with no limitations?

These type plans are typically offered thru association type agreements. These plans can be a life saver for those who cannot find coverage elsewhere and are looking for immediate benefits protection.

It’s important to remember also that not all guaranteed issue life plans are approved for sale in every state.

How much do guaranteed issue life plans cost?

As you can imagine, guaranteed issue life coverage is priced higher than traditional plans due to the fact that there is no medical underwriting. Therefore, the carrier most price the plans to account for the additional risk they are taking.

Each person’s rate will depend on their sex, age, and some also price based on tobacco or non-tobacco use.


If you have been denied life insurance coverage for any reason and would like to look at your options for guaranteed issue life insurance coverage, contact us at 678-207-8160 or for a free evaluation.






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How can I help?

Mike Raines

I am an independent life insurance agent with over 30 years’ experience. I am an expert in finding coverage for those with past or current medical history such as heart disease, diabetes, post cancer, etc. I also specialize in those that participate in scuba diving, mountain climbing, private pilots, etc. I work with the best life insurance companies in the nation, such as Prudential, AIG, Protective Life, Transamerica to name a few. Each carrier has different opinions on rates and underwriting, and it is my job to match you with the best company. To do that, I need to ask you a few questions about your health and lifestyle to qualify you.

For a FREE quote, call, text or email:

Call: 678-207-8160

Text: 678-207-8160


Mailing Address:
3482 Keith Bridge Road Suite #125
Cumming, GA 30041


As someone with a past cancer diagnosis, finding life insurance had been a huge annoyance. Mike made it easy, and somehow found quotes that were significantly more affordable than what others gave me.

- Matthew from St. Louis, MO.

Two Thumbs Up for Mike at Special Risk Term

- Yaniv from Troy, MO.

Best rates and best service I have ever received.

- Robert from Kennesaw, GA.

I could not be happier working with Mike Raines to get life insurance coverage for myself after having been declined for health reasons by my employer. My wife and I just had a son and it had become more imperative than ever that my family be protected if I were to pass away. The health screening appointment was conducted at my home around my schedule, which was very convenient. It was clear to me that Mike went above and beyond to make sure the underwriter fully understood my situation, going to bat for me so that I would not be declined again. I am a very happy customer.

- Daniel S. from Seaside, CA.

Mike and Special Risk Term are absolutely top shelf! I was worried that I would not be able to get term life insurance to protect my family, or that the costs would be exceedingly high.

Mike knew the industry inside and out and knew which companies would provide the best options. He coordinated with the underwriters to get the job done and get me an affordable plan, and kept me updated throughout the entire process. Not to mention he did it all electronically in the age of COVID without ever having to meet in person. Highly recommend. Excellent service and expertise!

- Chris M. from Laguna Niguel, CA.

Mike and his team made the entire process from start to finish very seamless and also overcame the task with us being multiple states apart with ease. With the easy process and very competitive priced insurance for high risk athletes, you have no need to look anywhere else for coverage. Thanks to Mike and his team for all they did and I highly recommend them for your Special Risk Life Insurance needs.

- Tyler C. from Danville, VT.

It’s not easy to find life insurance with a chronic condition such as crohn’s disease which is why I greatly appreciated having Mike on my team. Mike is responsive, patient, professional and indefatigable- all things you need when you’re looking for a competitive policy. Knowing my family will be taken care is not only a relief but a huge confidence boost and I’m thankful Mike works in the special risk insurance arena. I would absolutely work with him again. Thank you Mike!

- Bobby from Washington D.C.

Mike did an outstanding job getting me my coverage. He went above and beyond answering all my questions. He always returned my calls immediately even on the weekends!!! I highly recommend him.

- Aileen from Woodstock, GA.

Mike did an awesome job in finding affordable coverage for myself and my husband. Highly recommend his services.

- Shannon from Atlanta, GA.

I tried several places before I came across Mike’s website. The insurance at these other places was either very expensive, or the company wouldn’t cover me because of my health history. Mike was able to find me a reasonably priced policy with a major insurer. He did a great job locating a policy that works well for me.

- Jeff from Hermon, ME.

We work with individuals across the nation to secure the best life insurance rates.

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