[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.easyquotes4you.com\/guaranteed-issue-life-insurance-companies\/#BlogPosting","mainEntityOfPage":"https:\/\/www.easyquotes4you.com\/guaranteed-issue-life-insurance-companies\/","headline":"The Best Guaranteed Issue Life Insurance Companies for 2021","name":"The Best Guaranteed Issue Life Insurance Companies for 2021","description":"Looking for the top rated Guaranteed Issue Life Insurance Companies? Well you have landed on the right page. With so many options to choose from, it\u2019s difficult to know which company to purchase from. We are here to help!\n\nIn this article we will review the top rated life companies selling guaranteed issue life insurance based on their rates, benefits offered, and there financial ratings. After reading this article, any doubts about which companies are the best should be cleared up.","datePublished":"2019-01-12","dateModified":"2021-02-01","author":{"@type":"Person","@id":"https:\/\/www.easyquotes4you.com\/author\/site-admin\/#Person","name":"Rob Pinner","url":"https:\/\/www.easyquotes4you.com\/author\/site-admin\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/e4da538e10e071b419f4843e8193941a0ff5ad58e937daa177fa846a5124dc4d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e4da538e10e071b419f4843e8193941a0ff5ad58e937daa177fa846a5124dc4d?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Rob Pinner","logo":{"@type":"ImageObject","@id":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2018\/09\/logo-shape-e1536791917640.png","url":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2018\/09\/logo-shape-e1536791917640.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2019\/01\/guaranteed-approval-life-insurance.jpg","url":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2019\/01\/guaranteed-approval-life-insurance.jpg","height":702,"width":1600},"url":"https:\/\/www.easyquotes4you.com\/guaranteed-issue-life-insurance-companies\/","about":["Reviews"],"wordCount":1619,"keywords":["aarp guaranteed acceptance life","aarp life insurance","aig","aig guaranteed whole life insurance","aig-american general","final expense","gerber life","gerber life insurance","guaranteed acceptance life insurance","guaranteed acceptance whole life","guaranteed issue","guaranteed issue life insurance","guaranteed issue whole life","vantis life","whole life","whole life insurance"],"articleBody":"            Quick Navigation Links                                    Show                                                    1                The Best Guaranteed Issue Life Insurance Companies                                2                RELATED: Top 10 Final Expense and Burial Insurance Companies                                3                What is Guaranteed Issue Life Insurance?                                4                Is Guaranteed Issue Life a Good Deal?                                5                Guaranteed Issue Life Advantages                                6                Guaranteed Issue Life Disadvantages                                7                Guaranteed Issue Life Insurance: What to Expect?                                8                The Best Guaranteed Issue Life Insurance Companies                                9                Let\u2019s take a look:                                10                AIG Guaranteed Issue Whole Life                                11                Sample Rates for AIG Guaranteed Issue Life Insurance                                12                Gerber Guaranteed Issue Life Insurance                                13                Sample Rates for Gerber Life Guaranteed Issue Life Insurance                                14                Vantis Life Guaranteed Issue Life Insurance                                15                Sample Rates for Vantis Life Guaranteed Issue Life Insurance                                16                AARP Guaranteed Acceptance Life Insurance                                17                Sample Rates of AARP Guaranteed Acceptance Life Insurance                                18                How to Choose the Best Guaranteed Issue Life Insurance Company                                19                Final Thoughts                                20                Frequently Asked Questions                                21                What is guaranteed issue life insurance?                                22                Who sells guaranteed issue life insurance?                                23                How does a guaranteed issue life policy work?                                24                What are the advantages of guaranteed issue life insurance?                                25                What are the disadvantages of guaranteed issue life insurance?        The Best Guaranteed Issue Life Insurance CompaniesLooking for the top rated Guaranteed Issue Life Insurance Companies? Well you have landed on the right page. With so many options to choose from, it\u2019s difficult to know which company to purchase from. We are here to help!In this article we will review the top rated life companies selling guaranteed issue life insurance based on their rates, benefits offered, and there financial ratings. After reading this article, any doubts about which companies are the best should be cleared up.RELATED:\u00a0Top 10 Final Expense and Burial Insurance CompaniesWhat is Guaranteed Issue Life Insurance?Guaranteed issue life insurance is also referred to as guaranteed acceptance life insurance. Just as the their name implies, coverage is guaranteed. These policies are whole life policies that offer a tax-free death benefit to your beneficiaries. The life insurance companies accept all applicants regardless of their health status or background history.Guaranteed issue life insurance caters to consumers who cannot qualify for life insurance coverage anywhere else. The premiums are guaranteed along with the death benefit.Is Guaranteed Issue Life a Good Deal?It\u2019s easy to fall for the \u201cno health questions\u201d or \u201cno exam life insurance\u201d slogan, but it\u2019s wise to be weary. Guaranteed issue life insurance is for individuals age 50-85(some companies 40-85) that have no other options when it comes to buying life insurance. These are usually last resort policies.If you are healthy or even somewhat healthy, guaranteed issue life is not the right product for you. The maximum death benefit on most guaranteed issue life policies is $25,000 with a few as high as $40,000.All guaranteed issue life has a graded death benefit. Graded death benefit means the benefit is not paid for 2 years if death is by an illness. Premiums plus interest is paid out if death by illness occurs during this time.\u00a0 Accidental deaths pay full benefit from day 1.Guaranteed Issue Life AdvantagesGuaranteed acceptance for consumers who can\u2019t qualify elsewhere. Simpler to obtain and requires no exam.Approval process is usually instant.Great for final expense or burial insuranceGuaranteed Issue Life DisadvantagesGuaranteed issue life is overpriced compared to more traditional life insurance.You don\u2019t get a lot of coverage for your premium. If you live long enough, you will probably invest more into the policy than your beneficiaries get back.Limited benefit the first 2 yearsGuaranteed Issue Life Insurance: What to Expect?Limited death benefit amountsIssue ages limited 40-85 year oldGuaranteed approval, regardless of your healthNo health questions to answerNo exam requiredPremium is guaranteed for lifeBuilds cash value because it is a whole life policyGraded death benefits for 2 years (depending on the company)If death is by accident, full death benefit is paid to your heirsTax-Free Death Benefit30-day free look period just like a traditional policyThe Best Guaranteed Issue Life Insurance Companies\u00a0We understand that there are more than the 4 life insurance companies that offer guaranteed issue life insurance. We chose these 4 companies because they have:The most competitive ratesAbove average pay out schedulesStrong financial ratingsLet\u2019s take a look:AIG Guaranteed Issue Whole LifeAIG Life Insurance Company is one of the biggest insurance companies worldwide, doing business in over 130 countries with over 88 million policyholders. AIG boasts an \u201cA\u201d rating with A.M. Best and has been in business since 1919.NOTE: AIG Guaranteed Issue product is sold directly through AIG or select brokers. To purchase their product you have to either call AIG directly or find a broker who offers their policies.Issue ages 50\u201385Death benefits from $5,000 to $25,000Chronic illness rider is included at no extra cost. If you have an illness that\u00a0is a qualifying chronic illness, you can access up to 50% of the death benefit earlyTerminal illness rider included also. If your life expectancy is 24 months or less, you can access 50% of your death benefit earlyGraded death benefit for the first two years. If an applicant dies because of illness, AIG will pay the premium paid plus 10% interest. Accidental death pays full benefit.Sample Rates for AIG Guaranteed Issue Life Insurance \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Gerber Guaranteed Issue Life InsuranceGerber Life Insurance has been around since 1927 and is best known for its children whole life insurance policies. Gerber Life has over $45 billion of life insurance in-force spread out over 3.5 million policies. They have an \u201cA\u201d rating with A.M Best.To apply you must be a U.S. citizen or permanent residentIssue ages are from 50\u201380Death Benefits range from $5,000 to $25,000Graded death benefit for the first two years. If you die for any reason in the first 2 years other than an accident, your beneficiaries will be paid the premium plus 10% interestSample Rates for Gerber Life Guaranteed Issue Life InsuranceVantis Life Guaranteed Issue Life InsuranceVantis Life Insurance Company is probably a company you haven\u2019t heard a whole lot about. They have been around since 1942 and based out of Windsor, CT. The Penn Mutual Life Insurance Company bought Vantis Life in 2016. Penn Mutual has been conducting business since 1847 and have the highest rating of \u201cA+\u201d with A.M. Best, while Vantis has \u201cA-\u201c.Available in all states except New YorkIssue ages 50\u201380Face amount options: $5,000, $10,000, $15,000, or $20,000Graded death benefit for the first two years. If an applicant dies for any reason other than an accident, Vantis will pay the premium paid (with no added interest)Sample Rates for Vantis Life Guaranteed Issue Life InsuranceAARP Guaranteed Acceptance Life InsuranceAARP Life Insurance is written through New York Life Insurance Company to their members and spouses. They have had a unique arrangement with New York Life for over 20 years. New York Life is rated \u201cA++\u201d with A.M. Best, which is the highest offered.Issue Ages are between 50-80 with spousal coverage from 45-80Death Benefits are as low as $2,500 to $25,000There is a 2 year waiting period for death by illness. Accidental death pays full benefitSample Rates of AARP Guaranteed Acceptance Life InsuranceHow to Choose the Best Guaranteed Issue Life Insurance CompanyMake sure to compare rates from multiple companies to ensure you get the best rate possible. Since most policies are designed similar, premium will be major difference.Always choose a strong financial life insurance company. You want them to be able to pay claims 20 years down the road when they are needed the mostMake sure you fully understand how the graded death benefit works on all these types of policiesAlways work with an experienced life insurance broker who will have access to all the top life insurance companies.Final ThoughtsGuaranteed issue life insurance policies are considered a last-ditch resort when comes to buying life insurance. These policies are great fit for consumers with major health problems or a not so clean background. Everyone is approved in about 24 hours or less.With that said, guaranteed issue life insurance will have the most expensive premiums compared to the traditional life insurance products. The way the death benefit is paid to your beneficiaries can be a little complicated also, so make sure you work with an experienced agent that can walk you through the details. If you would like some quotes or have any questions, please don\u2019t hesitate to leave a comment or give us a call.\u00a0Frequently Asked Questions\t\t\t\t\t\t\t\t\tWhat is guaranteed issue life insurance?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tGuaranteed issue life insurance is a whole life policy that asks no health questions at all. It\u2019s usually instantly approved but the death benefit is modified for the first 2-3 years.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tWho sells guaranteed issue life insurance?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t-AIG-Vantis Life-AARP-Gerber Life-Globe Life\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tHow does a guaranteed issue life policy work?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tWith a guaranteed issue life insurance policy you can expect:Limited death benefit amountsIssue ages limited 40-85 year oldGuaranteed approval, regardless of your healthNo health questions to answerNo exam requiredPremium is guaranteed for lifeBuilds cash value because it is a whole life policyGraded death benefits for 2 years (depending on the company)If death is by accident, full death benefit is paid to your heirsTax-Free Death Benefit30-day free look period just like a traditional policy \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tWhat are the advantages of guaranteed issue life insurance?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t-Guaranteed acceptance for consumers who can\u2019t qualify elsewhere. -Simpler to obtain and requires no exam.-Approval process is usually instant.-Great for final expense or burial insurance \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tWhat are the disadvantages of guaranteed issue life insurance?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t-Guaranteed issue life is overpriced compared to more traditional life insurance.-You don\u2019t get a lot of coverage for your premium. If you live long enough, you will probably invest more into the policy than your beneficiaries get back.-Limited benefit the first 2 years \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t{\t\t\"@context\": \"https:\/\/schema.org\",\t\t\"@type\": \"FAQPage\",\t\t\"mainEntity\": [\t\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"What is guaranteed issue life insurance?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"Guaranteed issue life insurance is a whole life policy that asks no health questions at all. It's usually instantly approved but the death benefit is modified for the first 2-3 years.\"\t\t\t\t\t\t\t\t\t}\t\t\t}\t\t\t,\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"Who sells guaranteed issue life insurance?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"-AIG-Vantis Life-AARP-Gerber Life-Globe Life\"\t\t\t\t\t\t\t\t\t}\t\t\t}\t\t\t,\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"How does a guaranteed issue life policy work?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"With a guaranteed issue life insurance policy you can expect:Limited death benefit amountsIssue ages limited 40-85 year oldGuaranteed approval, regardless of your healthNo health questions to answerNo exam requiredPremium is guaranteed for lifeBuilds cash value because it is a whole life policyGraded death benefits for 2 years (depending on the company)If death is by accident, full death benefit is paid to your heirsTax-Free Death Benefit30-day free look period just like a traditional policy\"\t\t\t\t\t\t\t\t\t}\t\t\t}\t\t\t,\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"What are the advantages of guaranteed issue life insurance?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"-Guaranteed acceptance for consumers who can't qualify elsewhere. -Simpler to obtain and requires no exam.-Approval process is usually instant.-Great for final expense or burial insurance\"\t\t\t\t\t\t\t\t\t}\t\t\t}\t\t\t,\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"What are the disadvantages of guaranteed issue life insurance?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"-Guaranteed issue life is overpriced compared to more traditional life insurance.-You don't get a lot of coverage for your premium. If you live long enough, you will probably invest more into the policy than your beneficiaries get back.-Limited benefit the first 2 years\"\t\t\t\t\t\t\t\t\t}\t\t\t}\t\t\t\t\t\t]\t}"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"The Best Guaranteed Issue Life Insurance Companies for 2021","item":"https:\/\/www.easyquotes4you.com\/guaranteed-issue-life-insurance-companies\/#breadcrumbitem"}]}]