Guaranteed acceptance burial insurance. No exam. No health questions.
Guaranteed Issue Burial Insurance, also known as Guaranteed Acceptance is a whole life insurance policy designed for those who, due to chronic or other serious health conditions, cannot qualify for final expense insurance.
No medical exam. No health questions. No decline.

The Truth about Guaranteed Issue Burial Insurance

SPECIAL FEATURES

      • Available for those between the age of 40 – 80
      • Cash value whole life policy for amounts between $2,000 – $35,000
      • Two-year modified death benefit
      • No health questions
      • No medical exam
      • You cannot be declined

Guaranteed Acceptance and Waiting Period

There are no guaranteed issue final expense plans without a waiting period. Usually, it lasts about two years. If the insured dies in the first two years, the insurance company will add a 10% interest (depending upon the carrier) on the paid premiums and send a refund to the beneficiary. A lot of people object to the waiting period, and want their burial insurance policy to pay full death benefit immediately.

It is possible to get a coverage without a waiting period. All you have to do is to apply when your health is not in shambles. I am sure all of us know that insurance companies are not charitable organizations. Like everyone else, they also play by the numbers game. Having said that, please keep in mind that the majority of those looking for burial life insurance qualify for plans without a waiting period.

Many a times, I hear angry prospects telling me that they would rather put their money in the bank. Well, I would like to know which bank will give you 10% interest on your deposit for the first two years, and then upon your death, offer the entire principal income-tax free.
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How much does Guaranteed Issue (guaranteed acceptance) burial insurance cost?

The cost of burial insurance for seniors depends on four factors:

  1. your age
  2. your health(which in case of guaranteed acceptance is irrelevant)
  3. the state you live in, and
  4. the amount of coverage you want.

Here are a few examples of the rates from a few of the most affordable A or A+ rated insurers. The premiums have been rounded to the nearest 100.

Guaranteed Acceptance Burial Insurance Rates

AGEMale
$15,000
Guaranteed Acceptance
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Female
$15,000
Guaranteed Acceptance
APPLY NOW
40$73$59
41$74$60
42$77$63
43$79$65
44$80$67
45$82$68
46$83$69
47$84$70
48$87$72
49$87$73
50$66$51
51$71$55
52$75$58
53$80$61
54$83$64
55$86$66
56$89$69
57$91$71
58$93$73
59$94$75
60$95$76
61$102$81
62$109$85
63$115$88
64$121$91
65$127$93
66$133$98
67$137$102
68$141$106
69$145$110
70$148$113
71$162$124
72$175$134
73$187$144
74$199$154
75$209$162
76$244$185
77$273$207
78$278$228
79$308$207
80$308$264

An example of guaranteed issue or guaranteed acceptance burial insurance application.

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There are four kinds of final expense or burial insurance plans. All of these require no medical exam to qualify. But only the guaranteed acceptance burial insurance has no questions. The table below offers a clarity on the premium comparison. If you have any questions, give us a call at 866.526.7264.

Types of Final Expense Plans and their Rates

MONTHLY RATES | AGE: 65 
TYPE OF COVERAGE
Insure in MInutes
Face amount: $15,000

Male/Female
Level Benefit Whole Life
Minor health issues
NO WAITING PERIOD
(just answer a few questions to qualify)
$62.90 / $53.61
Modified Benefit Whole Life
Minor to serious health issues
TWO YEARS WAITING
(just answer a few questions to qualify)
$93.18 / $72.42
Graded Benefit Whole Life
Minor to serious health
TWO YEARS WAITING
(just answer a few questions to qualify)
$107.54 / $82.54
Guaranteed Acceptance Whole Life
Uninsurable health
TWO YEARS WAITING
(no questions asked)
$127.28 / $93.45
Please note: The rates quoted are estimates and are subject to underwriting by the insurance carrier. Rates do not include optional riders. For a no-obligation consultation, call us at 1.866.526.7264.

The following burial insurance quote engine quotes guaranteed acceptance final expense plans. If your health is in a reasonable shape, and you can qualify for other burial insurance plans as well, you will need to talk to a license professional (866.526.7264) to find out which final expense insurance plans you will qualify for. In order to an idea of premiums, please visit our BURIAL INSURANCE PAGE to run real time quotes for all types of plans. Remember, the premium and plan availability depend entirely upon your age, health, the state you live in, and the amount of coverage you are looking for.

PLEASE NOTE
By regulatory laws, agents and brokers offering life insurance products cannot charge a fee for service from a client. Therefore, your premium is exactly what an insurance company asks for and not a penny more.

Best burial insurance companies

SPECIAL NOTE: Apply for FEMA COVID-19 Funeral Assistance Helpline. Call 844-684-6333 | TTY: 800-462-7585 to see if you qualify.

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Difference between No Exam Life Insurance and Traditional Term

A no exam life insurance or, a non-med term life insurance plan is different from a traditional term plan where in order to get the coverage, the applicants to go through a free mini-medical exam.
A nurse/paramedic visits you at your location of choice; and depending on how old you are and how much coverage you have applied for, takes your blood pressure reading, draws blood, confirms your height and weight etc. The underwriter at the carrier depends on this to figure out how much risk an insurance company is taking in giving you a life insurance coverage. This plus a few other pieces of information on your health which are requested in the backend dictate what your premium is going to be. The average time from application submission to approval is between 4-8 weeks.

A few reputable insurance companies forgo the medical exam part altogether, especially if you are in good health. They do, however, charge a little extra premium for this option. For those who are not comfortable with a medical exam, this can be a great option. Please keep in mind that this a privilege and not a right. If the other reports on you show bad health, this option of no exam may be withdrawn by the company.

Why would you consider a no-exam, instant issue term life insurance?

  • If you are trying to secure a business loan and urgently need a life insurance policy to finalized it.
  • You need to list children a beneficiaries in a divorce decree.
  • Aslo, if you hate needles and medical exams, this life insurance option can be your savior.
SIMPLIFIED ISSUE AND INSTANT ISSUE COVERAGES by BESTOW and ETHOS
Instant Issue life insurance
Ethos life insurance
The biggest plus of a no exam life insurance coverage is that the underwriting is almost immediate and you can have your policy in hand in a few minutes to a few days instead of a few weeks or months.
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