It's a type of life insurance called "guaranteed issue" which means you cannot be turned down for coverage due to any health problems.
However, you must meet the age requirements for approval. There's no physical exam needed and no health questions asked.
But, in order to guarantee your approval they have limited death benefits, so you won't have full coverage until at least 2 years after you start your life insurance policy.
It's a way for older people, those with health issues or anyone considered high risk to get life insurance protection.
Learn more about graded life insurance coverage.