Guaranteed Issue means you cannot be turned down for coverage as long was you meet the age requirement for approval, can pay the premium, and live in a state where the insurance company is licensed to provide the insurance and offers the plan.
Many people who have health issues, are over 65, or have been denied coverage by other insurers in the past, choose to buy guaranteed issue life insurance.
The age requirement can vary by insurer, from 45-75, to 45-85 years of age for guaranteed acceptance.
In addition, these plans usually offer a limited maximum amount of coverage around $25,000. However, you may purchase a guaranteed issue policy from more than one life insurance company.
Several insurers offer these plans, including Mutual of Omaha, Colonial Penn, MetLife, and Gerber Life, among others.
Learn more about guaranteed issue life insurance and how it works.