Since guaranteed life insurance plans accept everyone who applies if they meet the age requirements, the do not offer full benefits until you have been insured for at least two years.
However, with guaranteed issue life insurance there are no health exams required, no health questions asked, and you cannot be turned down due to any health problems.
And, some plans offer approval that is guaranteed for people age 45 to 85.
So, if you have a health issue, you're over 80, or have been turned down for life insurance, a guaranteed approval life insurance policy may a good good option for you to consider.