It's a type of permanent life insurance with guaranteed approval, which means, if you meet the age requirements for acceptance, your approval for coverage is guaranteed.
It basically means you cannot be turned down for coverage due to health issues.
Some insurers offer guaranteed approval for people ages 45 to 85 years old.
However, these plans are usually meant for seniors who have no other option for coverage due to pre-existing health issues or old age.
Some carriers offer up to $25,000 of coverage; however, you may be able to get insured for guaranteed life insurance through more than one insurer, if you need additional coverage.