The short version

Coverage nobody can be turned down for

Guaranteed issue (also called guaranteed acceptance) life insurance asks no health questions and requires no exam. As long as you are within the carrier's age range — commonly 45 to 85 — you cannot be declined, including for HIV. The trade-off is that coverage amounts are smaller (often up to $25,000) and there is a waiting period before the full benefit applies. It is the right tool when fully underwritten or simplified coverage is not an option.

How it works

What to understand before you buy

• Acceptance is guaranteed within the age limits, typically 45–85
• Coverage amounts are smaller, usually up to about $25,000
• There is a two-year graded waiting period on most plans
• If you pass away from illness in those two years, premiums are refunded with interest
• Accidental death is usually covered in full from day one

Because it costs more per dollar of coverage than underwritten options, guaranteed issue is best used when you truly cannot qualify elsewhere. Many people with well-controlled HIV actually can — so it is worth checking before defaulting to it.

Good to know

Common questions

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