It's a type of permanent life insurance plan that guarantees acceptance for coverage for people who are older.
Some insurers offer guaranteed plans to people ages 45-75 or even 45-85 years old.
With guaranteed approved life insurance you will not have to take a medical exam or answer any questions about your health.
If you meet the age requirement for approval you are guaranteed coverage.
Some plans offer up to $25,000 of life insurance with guaranteed acceptance for seniors.