Best Guaranteed Acceptance Life Insurance Companies – September 2020

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Compare Life Insurance Quotes From Top Companies

Filter life insurance quotes by your needs:

Name Issue Ages Minimum Coverage Maximum Coverage Requirements
American General & AIG Logo 50 - 85 years old $5,000 $25,000 None Button background
Gerber Life Logo 50 - 85 years old $5,000 $25,000 None Button background
Great Western Life Insurance Company Logo 40 - 80 years old $1,000 $40,000 No major illnesses diagnosed within the last 24 months. Button background
JRC Insurance Group Logo 21 - 80 years old $5,000 $100,000 Must be working at least 20 hours per week. Button background
Mutual of Omaha Logo 45 - 85 years old $2,000 $25,000 None Button background

Frequently Asked Questions

What is Guaranteed Acceptance Life Insurance?

Guaranteed Acceptance, or Guaranteed Issue Insurance, is a form of permanent life insurance that is available to people with health issues that prevent them from qualifying for other types of coverage. No health questions or medical exams are needed for approval, but most companies have a minimum qualifying age.

The trade-off with these policies is that they require a two-year waiting period where your coverage is limited. To learn more, please see our article, “What is Guaranteed Issue Life Insurance?”

What is a Waiting Period?

Almost every guaranteed acceptance life insurance provider requires a waiting period that will limit your coverage during the first two years of your policy. During this time, if you pass-away from a health-related issue, your beneficiary will receive a full refund of all the money you have paid, plus 10-20% interest.

If you are currently working at least 20 hours a week, you may be able to qualify for up to $100,000. “Purchasing More than $25,000 of Guaranteed Issue Life Insurance.”

How Much Guaranteed Issue Coverage Can I Buy?

Most guaranteed life insurance companies limit individuals to $25,000 of coverage or less. But there are a few companies that make exceptions. If you haven’t been diagnosed with a serious health issue for two years, or if you are currently working at least 20 hours a week, you may be able to qualify for more.

To learn more about guaranteed life insurance, please use our free quote form to instantly compare your options or call us at 855-247-9555.

What is Guaranteed Life Insurance Used For?

Guaranteed issue life insurance can be used to pay for your end of life expenses, credit card debt, medical bills, an inheritance, unforeseen expenses, etc. There are no limitations to what the money can be used for, and your policy’s death benefit is paid to your beneficiary as un-taxed, lump sum.

Your life insurance policy’s beneficiary can be a person, business, charity, trust, or an estate.

What are the Best Guaranteed Acceptance Insurance Companies?

The best guaranteed acceptance life insurance companies offer level rates and a fixed death benefit until the age of 100 or later. Some providers even offer full and immediate coverage to applicants that are currently working at least 20 hours a week.

To determine you best option for guaranteed issue life insurance, please review our comparison chart or call us toll-free at 855-247-9555.