how guaranteed issue life insurance works
these policies get their name because the insurance company guarantees they will issue a policy to you as long as you are within the allowed age range when you apply in other words they are guaranteeing that they will accept you as a policyholder the typical age range to qualify is 50 to 80 years old if you are outside of this age range you may still be able to get a guaranteed issue policy with some insurance companies but you will have fewer options 1given these age requirements and the lack of medical underwriting health questions you can see why insurance companies market guaranteed issue policies to this age group 2 yet many people in this age group even those with health problems have options besides guaranteed issue life insurance this type of insurance is best for people who have no other options because of their health or who can t afford any other options because of their health 1