What is Guaranteed Life Insurance?

If you are anxious about medical exams, blood tests, and answering medical questions to qualify for a good life insurance policy, you are not alone — and there is a solution. Guaranteed issue life insurance is a type of life insurance that requires no medical exam for approval. Most of the time, after an individual has applied via our convenient E-app, he or she is automatically guaranteed the policy provided the person can afford the monthly premium rate.

In general, if you are relatively healthy and apply for life insurance (usually before the age of 65), guaranteed life insurance may not be the best option. Instead, we at TopLine Life Insurance would recommend a term or simplified issue policy. However, for many other potential policyholders, especially those who have been denied coverage due to health issues in the past, guaranteed life insurance could be the ideal plan. Read on to learn more about this unique policy.

No Medical Exams — No Problem

In general, most life insurance companies use medical underwriting as a way to determine eligibility for the policy. This determination is formed by professional underwriters who review results from medical exams, blood tests, pharmacy history, etc. to conclude whether or not the applicant is a higher or lower risk. As we mentioned above, the great thing about guaranteed life insurance is that it requires no medical exams or questions for approval, which means that you do not have to be in peak health to qualify for the policy. On the TopLine Life Insurance E-app, quotes for these plans usually require only basic information, including age, sex, and state of residence, and they are processed much quicker than through other methods.

Unfortunately, because most customers are virtually assured a policy without much underwriting at all, the premiums are higher, and the death benefits are lower than those of other policies. Most insurers of guaranteed plans also have a “graded benefits” caveat in the policy, or the waiting period before a  — typically one to three years from purchase, depending on the company. If a policyholder passes away within the graded period, the beneficiaries will usually receive refunded premium payments, rather than the full death benefit.

At TopLine Life Insurance, all of our guaranteed issue policies have a two-year waiting period. If the insured dies within 24 months of purchase, the beneficiaries will receive a full refund on all of the premiums made on the policy plus 10 percent interest on those payments. As soon as the policy hits 25 months, the benefit is paid out in full upon death.


It is essential to know all of your options before deciding on the right life insurance policy for you. Although guaranteed life insurance can seem undesirable for some, it could be the best or only option for others, especially those with health issues who have been denied coverage previously. Therefore, these policies should receive some consideration. Below, we have a quick overview of guaranteed life insurance to sum up the major points:

If you want to learn more about guaranteed life insurance or any of the other policies with which TopLine Life Insurance can set you up, give us a call today!

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What is the best kind of life insurance?

There are many life insurance policies from which to choose, and the best one for you might not be the best for someone else. If you need lower premiums, a term life insurance policy might be a good option. If you are looking for insurance that provides investment opportunities and does not expire until you pass away, a universal plan is an excellent choice. Speak to a TopLine Life Insurance broker to discuss your options.

What is a life insurance premium?

A life insurance premium is a regular payment you must make to your insurance company to pay for your life insurance policy. Continuous payments will keep your plan active, while missing payments could cause it to lapse. Different policies have different requirements for premium payments, so research possible policies and contact us at TopLine to find the right plan for you.

How much life insurance do I need?

This answer differs from person to person and is mostly dependant upon your finances. Typically, your minimum amount should be enough to cover your mortgage, loans, credit cards, and any other outstanding payments and debts.

Other considerations include:

  • College tuition assistance for your children or grandchildren
  • Income replacement for your spouse
  • Estate planning

Speak with a TopLine life insurance broker to avoid over or under-insuring yourself.

Should I buy life insurance before I turn 40?

Generally speaking, buying a life insurance policy when you are younger and healthier gives you a better chance of locking in a favorable policy premium. By purchasing a plan now, you can guarantee your “insurability” for the future. You won’t have to stress about higher premiums when you get older and possibly experience health issues. Talk to one of our brokers about the best available policies for you.

What is a beneficiary? Who can be one?

A beneficiary is a person listed on your life insurance policy which is the full or partial recipient of the death benefit provided by the policy. Anyone can be a beneficiary, and there can be multiple beneficiaries on the same plan. Note: No one is automatically listed as a beneficiary, including your spouse and children, so be sure to indicate your beneficiary choice(s) at the time of your policy purchase.

Your Family is Our Focus

We are a fully transparent agency, there are no secrets or surprises. We allow consumers to see the companies we represent and allow them to quote prices before they contact us. We want them to know which company offers the lowest prices as opposed to us telling them. Once a program is selected by the consumer or suggested by TopLine, our clients are amazed at the speed in which they are approved for coverage. We have a family mentality that is productive and fun. Our office has almost no turnover, which means you get to know us very well. We are an insurance family, and we treat our clients as an extension of our family, without them, there is no TopLine Insurance.

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They said the application process would be fast. I was thinking I would be approved in a few weeks but somehow, they made sure we got approved the same day. Tracy made the approval process simple and walked me through everything.

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