Guaranteed Acceptance Life Insurance Without Waiting Period (No Medical Exam and Health Questions To Be Asked)

There might be a few different options for you when choosing the best life policy, but one type of coverage that can never be refused. Guaranteed life insurance no waiting period and no health questions may be right for your needs.

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What Is Guaranteed Issue Life Insurance?

Basically, this is a type of insurance that cannot be rejected for any reason. There are no medical exams or health questions. It is a policy that is granted to everyone that applies.

The biggest benefit of this type of coverage is if you have a debilitating health condition that would make getting ordinary life insurance impossible.

However, the downside to guaranteed life insurance is that it is the most expensive type of policy available which may not be suitable if there are other types of coverage that you may qualify.


  • Guaranteed approval no matter what your health situation is/was
  • No medical exam required thus instant approval
  • No health questions are asked

Here is the list of companies in the USA who offer this type of guaranteed coverage.

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Guaranteed Acceptance Life Insurance No Waiting Period:

Life Insurance No Medical Exam with No Waiting PeriodA standard part of guaranteed life insurance is a waiting period which means that the full benefits are not available for a pre-set period of time. Typically, the policy holder may have to wait from two to four years before the full benefit level is approved.

Why is this waiting period?

Insurance companies have a waiting period to keep those who are terminally ill and will pass away in a short period of time from purchasing the policy.

This means that until the waiting period has ended, if the policy holder passes away during this time the benefits will only be whatever premiums have been collected or a fraction of the benefit coverage.

How does it work?

A guaranteed whole life insurance with no waiting period means that the full benefits of the policy are available once the first payment has been made. Of course, such a policy may be even more expensive than one with a waiting period, but for many the extra expense may be well worth the price. Plus, many insurance companies may not have a guaranteed acceptance policy in place.

You will need to shop around and see which companies offer such coverage and then choose. Click here for free instant quotes online.

Of the insurance companies that have a no waiting period policy, there may be some that will need convincing in order to grant the coverage. This may mean some negotiation in terms of convincing the life insurance company that you are a good risk.

For example, if you have been denied standard life insurance in the past because of conditions that are not currently present, then you may have more leeway in your approach. Being free of cancer for example might be enough to convince a life insurance company to wave the waiting period.

Term Life Insurance

  • Gives you coverage for a specific period.
  • You get to choose the coverage terms; common terms include 10, 20, or 30 years.
  • Designed to protect your dependents in the event you die early.
  • Pay the premiums on a monthly or annual basis during the selected “term”.
  • Helpful to fit your needs, time-frame, and budget.

Whole Life Insurance

  • Includes a lifelong coverage plan and even includes an investment element called the cash value.
  • This value will grow over time, and you won’t pay taxes on the increases.
  • The insurance premium will be the same your entire life.
  • With a whole life insurance plan, your death benefit is guaranteed.
  • The cash value will grow at a constant rate that is guaranteed.

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Pros and Cons

Term life insurance is an insurance option that gives people the opportunity to purchase life insurance for a set amount of time.

This type of insurance is inexpensive to buy at a young age. However, the premiums do increase with your age.

Also, at an age usually over 80, it is hard to get guaranteed acceptance term insurance (though not impossible), and the premiums are more than whole life insurance.

The benefit of permanent life insurance is that as you continue to pay the premiums, the insurance will continue throughout your life and your cash value will continue to increase.

While it does come with benefits, you could end up paying more money as time goes on with a whole policy versus a term life insurance.

How to Negotiate for an Affordable Rate?

When negotiating, you will probably have to answer some medical or health questions in order to further your case. You will need to have your medical records handy so that the insurance company can verify your current condition.

In any case, your goal is to obtain guaranteed issue life insurance without waiting period so that your family can have financial peace of mind in case the worst should happen. Eliminating the waiting period should be a priority when obtaining this form of life insurance coverage.

free term life insurance quotes no medical exam

What’s the Catch?

Most policies of this type have a waiting period of up to two years. However, you can get guaranteed acceptance life insurance without a 2-year waiting period. Today, there are many thousands of people who enjoy this type of coverage, although there are at least two catches when it comes to the coverage;

  • Expense
  • Limit on Benefits

Guaranteed acceptance life insurance with no medical exam aka no waiting period is the most expensive version of life insurance on the market today. So, while you will get the benefit of the insurance immediately, even if you have been diagnosed with being terminally ill, you will pay more for this form of insurance than any on the market today.

Another drawback is the limits on the benefit amount which is usually $50,000 to $100,000 depending on the life insurance company.

Consider this Plan Only When…

Abandoned Hospital BedYou have no other choice. For most people, this form of life insurance is not needed unless you are expected to die shortly and have a strong history of medical illness, injury, or debilitation. Otherwise, even if you have been gravely ill, most insurance agents will recommend other forms of life insurance that will not cost as much assuming you qualify.

No medical exam insurance, for example, is one that is restricted to a few health questions and provides ample coverage at a price that is considerably less than guaranteed acceptance without a waiting period. Only if there is no other option available and your family needs the coverage of your insurance to pay for the funeral expenses should you consider it.


Am I Eligible for Life Insurance with No Medical Exam and Waiting Period?

Yes, everyone qualifies for no waiting period life insurance that is guaranteed for all. Of course, most people can find less expensive life insurance with higher benefits that are better suited to their situation, but everyone is still qualified.

Can I Qualify with Health Issues?

Yes, no matter your health issues, you are qualified for guaranteed acceptance life insurance with or without a waiting period. This is because there are no medical exams or health questions that are part of getting this type of insurance.

What Happens if I Die Before the 2 Year Waiting Period?

If you have chosen this form of life insurance that includes the waiting period, then the beneficiary will only receive the premium payments you have made with interest. The interest may run from 8 to 10% for the first year and perhaps even higher for the second year.


If you have chosen this form of term life insurance with no waiting period and medical exam, then your benefits will be immediately honored to the amount stated in the policy. So, if you are concerned about passing away before the regular two-year waiting period is over, then you should consider getting guaranteed acceptance insurance that avoids it.

The bottom line…

You should get some free online quotes from us for this form of life insurance to see what is required and how much you will need to pay.