Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Nov 4, 2020

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Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

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Life insurance is a tricky topic for most people.

None of us want to leave our loved ones without enough money to cover our funeral and burial costs. But health insurance is difficult to get if you’re suffering from serious health problems.

If you suffer from health issues, you may think you can’t obtain life insurance. But it is possible!

More commonly known as guaranteed issue life insurance, no questions asked life insurance doesn’t require you to disclose your medical history. If you’re having trouble acquiring life insurance, have you considered looking into guaranteed life insurance?

Read on to learn how you can get no questions asked life insurance.

Looking to compare life insurance prices? We can help. Enter your ZIP code to get free quotes from multiple insurers.

Table of Contents

How Does No Questions Asked Life Insurance Work?

With no questions asked life insurance, you’re not required to submit any medical records or go through any medical exams.

It seems easy, right?

While this is an excellent option for those who have serious health issues, there are some things you need to be aware of.

There’s a Waiting Period

If you’re interested in this type of life insurance, be aware that there’s a waiting period. What does this mean for you and your beneficiaries?

Typically, guaranteed issue life insurance has a two-year waiting period before 100% of the death benefit will be paid out.

Although you cannot be turned down for coverage, no matter the status of your past or current health, life insurance companies still need to caution against those individuals who are terminally ill.

This does not mean that someone who is terminally ill should not apply but be aware, should a policyholder pass away within the first two years of the policy, the beneficiaries will only receive 100% of all premium payments paid (plus 10% interest).

If you pass on after the two-year waiting period, a full insurance payout will be distributed to your beneficiaries.

There’s a Cap

There are a few caps that are associated with these guaranteed life insurance policies.

The first is the cap on the amount you can be insured for. Generally, these policies are known as “final expense” policies. This is because the payout will only be between $10,000 and $25,000.

There’s also an age cap. Only those aged between 50 and 80 can apply for a guaranteed life insurance policy.

You Won’t Be Asked Any Questions

Many people who have been denied by life insurance companies are hesitant to look into other options. They fear that they’ll be denied again based on their previous medical history.

But, as the name states, there is no health exam associated with guaranteed issue life insurance policies. You won’t be asked to submit any medical records. You’re guaranteed regardless of your health issues!

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What About the Premiums?

One of the biggest concerns individuals looking for life insurance have is the premiums they’ll pay. You may be worried that because guaranteed life insurance is so simple, you may be expected to pay outrageous insurance premiums.

Many times insurance premiums for this type of insurance will be higher than standard policies. While all insurance companies differ, you may be able to find a company with lower premiums. Remember, if you’re unable to secure other life insurance elsewhere, the higher premium might be worth it.

But this doesn’t mean you should quit looking. Like any other insurance policy, you should always shop around. Should you go through a life insurance agent, you’ll be able to find lower premiums.

Top Quote Life Insurance agents are able to find you the lowest premiums for your current financial situation. Depending on your age and gender, you could be paying as low as $20 a month as a 50-year-old male! Your premiums will depend on your age, gender, and the amount of coverage you’ll need.

Once you’ve decided on a policy with a low paying premium, you’ll never have to worry about increasing rates should your health change. These rates are locked in for the entirety of your policy.

Who Should Apply?

Guaranteed life insurance isn’t for everyone. This type of life insurance should only be purchased by those who have been denied by traditional life insurance companies. If you’re an overall healthy individual, you may look for other options.

However, there are individuals that would greatly benefit from no questions asked life insurance. These people include:

  • Those with serious medical issues such as type 1 diabetes or cancer
  • Those who fear the doctor and don’t want to take part in a medical exam
  • Individuals who require quick approval due to their busy lives
  • Individuals who don’t require a lot of coverage (for example, those who do not have dependents and only need funeral and burial costs covered)

How Do I Apply?

You know you won’t need to submit a medical exam or medical records, so how do we perform a quote for you? The quote process is quick and easy.

The application process only requires you to fill out the following information:

  • Your address
  • The state you reside in
  • Your date of birth
  • Gender
  • Amount of insurance coverage you’re interested in

A short application is then emailed or mailed to you. You’ll then receive a quick response from one of our agents. Generally, this turn around time moves quickly, so you won’t be waiting for approval.

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Conclusion

No one wants to think about their death.

But many of us know that we need some type of life insurance to keep our families financially secure after we’ve passed. And if you’re suffering from a health issue and find yourself unable to secure life insurance, you may be unable to secure your loved one’s financial futures.

However, guaranteed life insurance is available for those who have been rejected by other life insurance providers. You’ll get approved quickly, and without any medical exams or medical records.

There are tons of insurance companies that are willing to sell high-risk applicants’ life insurance. Going through each of these companies and speaking to several agents can be overwhelming and time-consuming.

That’s why Top Quote Life Insurance is here to help you. Our agents will take your application and do the hard work for you. Contact us today to speak with one of our agents about your life insurance needs.

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