Guaranteed Acceptance Life Insurance at Age 35

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  • Post last modified:March 21, 2022

When you have people who depend on you for financial support, you should consider getting life insurance while you’re young. As we get older, life insurance policies become more expensive. A guaranteed acceptance life insurance at age 35 is a great investment.

However, most people tend to neglect the importance of getting life insurance and instead allocate their money towards paying mortgages, debts, car payments, and other bills.

While paying off your debts and bills should be a priority, buying life insurance while you’re young and able can have a huge impact on your finances. Therefore, the earlier you get one, the more benefits you can reap.

In this article, we’ll discuss the benefits of purchasing guaranteed life insurance and why you should get one while you’re still in your 30’s.

Do You Need Life Insurance at 35?

The younger you are, the more inexpensive your insurance premiums are. Therefore, purchasing insurance in your 30’s is highly encouraged by financial experts. The reason life insurance is cheaper for a 35-year old is that you have plenty of years ahead.

Hence, the insurance provider can lower your premiums compared to an older person who also has the same coverage. The older you get, the more expensive it becomes. This means buying life insurance at 35 can save you money.

Also, a lot of people in their 30’s start families and life insurance is an excellent way to set up their children for financial security.

What is Guaranteed Life Insurance?

While there are different types of life insurance, guaranteed life insurance is designed to provide coverage for people who do not want to undergo a routine medical exam which is one of the requirements in whole life or term insurance policies.

If you are looking for a more affordable policy, experts suggest choosing life insurance that requires medical examination first before opting for guaranteed life insurance.

However, with guaranteed life insurance, the approval process is easier and more straightforward. Therefore, people who have a medical condition resort to guaranteed life insurance simply because they are not required to undergo any health check-ups.

Is Guaranteed Acceptance Life Insurance Age 35 Available?

When you’re buying life insurance, all policies will require you to disclose your age because it helps determine the type of policy and coverage applicable to you. Finding guaranteed life insurance in your 30’s may not be as easy as you think because most policies are designed for people aged 50 and up. The reason behind this is younger people are less likely to have medical conditions and is deemed more insurable.

Getting a guaranteed policy at 40 years could be cheaper. But, we don’t suggest waiting that long staying uncovered.

There are guaranteed life insurance options for individuals in their 30’s. However, the options may be limited. Therefore, policies have higher premiums and lower coverage.

People applying for guaranteed life insurance will also have graded benefit which means that when the insured passes away during a specific period, the beneficiary will not receive the full amount of the death benefit. Most of the time, the specified period is around two years.

Is There a Two-Year Waiting Period?

If you acquire guaranteed life insurance at 35, there is usually a waiting period of two years. Elderly people or those who have serious health problems should be aware of this waiting period.

If you die within the specified waiting period due to natural causes including heart attack or disease, your beneficiaries will not receive the full amount of the death benefit.

What they will receive, however, is the amounts of premiums you paid with interest. The interests may vary depending on the insurance agency. This is one of the most expensive types of insurance policy particularly because of the risk associated with the insured.

Maximum Coverage Amount

Insurance agencies who offer guaranteed life insurance have varying coverages. Some policies offer level premiums with maximum coverage of $30,000. Most insurance companies offer this type of policy to older people from 50 up to 80 years old.

While most guaranteed life insurance policies have a waiting period of two to three years, some do not require a waiting period to be able to receive the full benefit. Meanwhile, individuals who are diagnosed with a terminal illness may receive 50% of the death benefit.

Some also have a three-year graded death benefit with coverage up to $10,000. However, the payouts are scheduled per year. Usually, it starts with 5% in the first year followed by 10% on the next and the remaining 75% on year three. The full death benefit is provided if the death is the result of an accident.

Things to Consider Before Buying a Guaranteed Policy

Before you decide on buying a guaranteed policy, make sure you understand everything about this policy and that you’ve already thought about other options. At the same time, you’ve already compared the different types of policies along with different insurance companies.

Guaranteed life insurance is intended for people who do not qualify for other types of life insurance.

This includes seniors who are 65 years old and above, individuals who are looking for to cover their funeral expenses, patients with chronic health conditions including cancer, disease, and kidney, people with cognitive or physical disabilities, and workers who have hazardous occupations.

Unlike other types of insurance policies, guaranteed life insurance if is bought directly from the company offering it.  The rates of the premiums are calculated by sex, age, and state of residence. One important factor to consider is this type of policy doesn’t provide huge coverage and that the death benefits are minimal.

Difference Between Guaranteed and Traditional Policy

A lot of people are confused by the various types of insurance policies available particularly guaranteed policy and traditional or whole life insurance. Comparing both types of insurance is necessary to be able to determine which one works for your situation best.

Traditional or whole life insurance is a form of permanent life insurance that offers a guaranteed death benefit as well as a cash value. Each premium paid is applied to the cash value component. This policy also requires the individual to undergo a medical exam to qualify for the insurance policy.

On the other hand, guaranteed policy, as mentioned above, does not require medical check-ups. It is also designed to provide lifetime protection for older people and individuals with severe medical conditions. They are automatically accepted and qualified for guaranteed life insurance without any screening process, unlike traditional whole life insurance policies.

One major difference is the coverage and death benefit. Traditional whole life insurance offers bigger coverage and higher death benefits.

Advantages and Disadvantages

Each type of policy has its pros and cons including guaranteed life insurance. Here’s the breakdown.


  • Guaranteed Coverage: Whatever health condition you are in as well as your age, your application will be accepted regardless if you are a senior or diagnosed with chronic medical illness.  These factors will usually disqualify you from getting traditional a life insurance policy.
  • No Medical Exam: Your application will be approved without having to go through a medical check-up.
  • Fixed premium: The premiums are settled. You won’t have to worry about the premiums going up as the policy ages.
  • Allows You to Purchase Multiple Policies: Some people call this practice layering your policies. Individuals who purchase multiple policies buy several policies to increase the amount of their death benefit.


  • More Expensive than Other Policies: Guaranteed life insurance has a higher premium than other policies particularly term life insurance.
  • No Cash Value: Unlike a traditional life insurance policy, guaranteed life insurance policies have no cash component. However, in some cases, there may be policies that have cash value but the cash growth will be very insignificant.
  • Non-Flexible Payments: Guaranteed life policy does not allow any flexibility in terms of payments. Therefore, when you skip a payment, you’ll have a higher risk of limiting the length of your policy. It doesn’t have the cash value to cover your payment in case you missed one.

Alternatives to Guaranteed Life Insurance

The most common alternatives to guaranteed life insurance are the following:

  1. Universal Life Insurance: This type of permanent life insurance builds cash value from payments in excess of the premiums. With universal life, the death benefit goes up while the payments become flexible.
  1. Term Life Insurance: This is the most alternative to guaranteed life insurance. This policy offers temporary coverage over a specific period of 10, 15, 20, and 30 years. But, you need to take a medical exam.
  2. Variable Universal Life Insurance: This type of policy is often referred to as VUL and is another form of permanent life insurance. With VUL, the cash value can be invested in different types of accounts.

What to Expect

Guaranteed life insurance is designed for people who want peace of mind. It includes benefits that are typically offered in other higher tier policies. The application process usually takes a short time and a hassle-free process mainly because the requirements are less and that the applicant has a guaranteed approval.

The benefits can help you pay for expensive medical bills or funeral expenses. At the same time, the insured may enjoy the benefits while they are still alive.

Guaranteed life insurance returns all the premiums paid including if the insured is diagnosed with a serious illness or cannot perform at least two daily activities.

How to Choose the Best Insurance Company?

Picking the right insurance company can give you security and peace of mind. Here are some tips on how to choose the best insurance provider.

  • Do Your Research: Visit the insurance company’s website and read online reviews. Check the duration of their business, their community involvement, type of insurance products they sell and financial capability. 
  • Compare Their Pricing: Premium payments are one of the things people consider before buying insurance. However, it doesn’t mean that you should go for a lower rate because it may also mean lesser coverage.
  • Look for Referrals: Never underestimate the power of referrals. It’s always best to talk to people who have first-hand experience with the insurance agency.

How to Apply?

To apply, you’ll need to fill up an application form that does not involve any health questions. All applicants are guaranteed to be approved which makes this type of insurance the easiest to get. The coverage which will be received by your beneficiary when you die is referred to as a death benefit which has a limit between $25,000 to $50,000.

In exchange for the death benefit, you’ll be required to pay a monthly or annual premium to ensure the policy is active. The policy will continue as long as you keep on paying the premiums. Policies require a holding period of two years before you are eligible for the death benefit.


If you think guaranteed life insurance is for you, get in touch with a reputable and reliable insurance company using our free quotes tool. Before purchasing one, make sure you’ve run the pros and cons of this type of policy as well as understand how it works. We highly recommend you buy life insurance at 35 while you’re young and healthy.

Linda Chavez

I'm a burial & senior life insurance expert, independent agent, Founder & CEO of Seniors Life Insurance Finder. I have been working in this sector since 2004 and established my own company in 2014. I have a team of seven members, and we are trying hard to share the knowledge we've gathered. We know how difficult often it is to find an affordable policy. Hence, we are doing our best to help you.