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Life insurance is a crucial investment for anyone. Especially, when you reach the age of 40 years, it is almost halfway through life. If you have not been able to attain any regular insurance plan due to any reason (mainly health), we suggest you a guaranteed acceptance life insurance age 40.

The Bottom Line

  • No Medical Exam.
  • No Health Questions.
  • Guaranteed & Fast Approval.
  • It is a Type of Whole Life Insurance.
  • Fixed Premium & Policy Never Get Cancelled.

In Guaranteed acceptance life insurance, there will be no medical exam and no questions related to a health condition. However, you have to prove your age to the insurance provider. Besides, the gender and state of a resident are also important here.

In this comprehensive guide, I am going to discuss everything that you need to know about this insurance policy.

So, without any further delay, let’s begin.

Benefits vs Cost

benefit vs costThe applicant DOESN’T need to answer any questions and no need to provide any medical certificates.

The offer seems lucrative but it comes with a higher cost and partial benefits. Stay with us for the details.

Now there can be many questions arising in your mind while you read this information.

We will try to address all your concerns here.

So, let us start with the basics.

What is Guaranteed Acceptance Life insurance Age 40?

This is a definitive policy that means if an applicant wants to buy a guaranteed acceptance policy, there is a surety of getting it.

The application can’t get rejected on any grounds of health or family history etc. The only condition that the company wants you to fulfill is to make the payments well in time.

It gives the advantages to the nominees in policy to receive death benefits just like any other life insurance plan.

Waiting Period for Guaranteed Acceptance Life Insurance Age 40

2 years waiting periodUsually, there are 2 years waiting period for a guaranteed acceptance insurance policy. But, there are no questions about the present or previous health condition of the buyer.

“At age 40, you should not try to avoid this 2 years waiting period because that will cost you a lot. If you still want to avoid it, read this post.”

Many people, who want to skip the questioning phase (because of poor health or sickness) that are implied by life insurance companies for regular policies, apply for a guaranteed life insurance policy.

There is no age limit particularly defined. Therefore, even if you are under 40 or as old as 80, you are still eligible to buy the guaranteed policy.

So, What is the ‘Con’ Side of Buying Guaranteed Policy?

The significant negative side of buying this policy can be its high cost. Although, it’s premiums vary from individual to individual as well as firm to firm yet you should expect the rates of premium to be on the higher side.

The reason behind the higher cost can be justified with the higher risk which is involved with such policies.

As the medical condition of the policy buyers can be drastic or there can be some questionable family history too, but guaranteed acceptance policy issue overlooks such limitations.

Therefore the customer tends to pay higher prices for these policies in order to justify the higher risk.

Health Certificates May Help

Many people ask if it is possible to reduce the cost if they show health certificates.


This question is often put up by people who want to buy a guaranteed insurance policy for reasons other than medical.

However, one must understand that the clauses laid down by the companies while devising the terms and conditions for guaranteed issue plans are meant to serve a large section of people and not specific.

Therefore, if you show medical certificates, there is a chance of price reduction as the prices are people, company & state-specific.

What Kind of People are the Prospective Customers?

  • Have Major Health Issues.
  • Rejected for Regular Policies.
  • Afraid of Medical Tests & Questions.
  • To Save Time.

Usually, young people are healthy, proactive, and having lesser financial stability! Therefore, they mostly tend to buy general life insurance plans.

The older people who have serious health issues or those who do not like health questions may find it more viable to buy guaranteed policy instead of a regular insurance plan.


There are surveys that are being conducted to estimate the age segment of people who buy such insurance plans; it mostly includes people above the age of 50.

However, keeping in mind the special referral cases and health symptoms that start showing up as soon as we turn 40, the policy can be bought at a younger age as well.

The agenda of people for buying these policies are usually related to the cost of funerals, obituaries, and pending bills, etc.

Most of the people buy such policies at the ending stage of life in order to free themselves with the guilt of dying as a burden to their family.

Is There Any Coverage Limit?


Most of the life insurance companies have an upper limit for providing death benefits to the clients. Varying from state to state, usually, the upper limit for death benefits comes out to be $25,000 to $250,000.

If you are looking for higher coverage and death benefits, we suggest you buy a policy on your spouse.

These policies come with limited coverage benefits keeping in mind the risk of the insurance companies associated with the health of the buyers.

Those who buy more than one policy can avail more benefits that will give a more sum accumulation advantage to the insurance company as well.

The amount of the policy benefit is not high and it helps in sufficing the estimated purpose of the policy.

Should I Buy This Policy or Not?

As we mentioned in the article that you can buy the guaranteed acceptance life insurance policy at any age, even 40 is the optimal age to buy it.

However, people in normal conditions want to buy regular insurance plans at this age but if you have already tried for it and haven’t been successful, it is better to invest in the guaranteed issue plan without wasting any time.

You will be able to pay off the premiums at the earliest. If there are any graded death benefits associated with this insurance policy in your region (which can be a possibility), you can still have ample time to survive through that time period.

Ultimately what can define the need for buying a life insurance policy, in any case, are the ‘requirements’ and the ‘reasons’ to buy the policy.

How to Find the Best Company?

We are here to help you. We can help you to find quotes and their rates from the TOP insurers. 

Click Here to GET INSTANT Quotes

Every company has a different agenda. While some are in the market to target only niche customer sections, others want to serve the common public at large.

At the time of buying the policy, you need to find out which company offers the most affordable options with the best benefits plan in your area. Seek help from the internet as it is a great source of information for such queries.

we can helpFirst of all, login to a few company websites in your region. Find out about their offers and plans. Try to learn if they have any special ‘season discount’ plan too.

The next step is to verify their authentication. Check on their issuance certificates and accreditation.

After you are satisfied with the above information, now is the time to verify from the existing customers. Social media is a great platform to find their existing customers. There must be promotional pages or fan pages of the company.

Put your inquiry there or find some forums that involve discussions from new and existing buyers of the company. Read the reviews provided by existing customers and post your queries on such forums.

However, if you compare rates on our website, you will never have to worry about it. We only work with trusted partners.

This activity is very simple although it consumes a bit of your time. The good thing is that you can do it anywhere, anytime at your convenience.

If you want to avoid the exercise as mentioned above, you can simply call the company representatives at your home and ask them.

Taking quotes from a few companies will give you a fair idea of what you want and where do you want to buy from as per your needs and the budget.

However, our suggestion to the readers is to only trust the established brands with strong credibility in the market.

Last Words

Life is full of uncertainties. We may not know what is in the store in the next moment for us. Therefore, we need to buy a life insurance plan for ensuring the financial future of our loved ones.

There are higher capital risks in providing regular insurance to their customers. Therefore, there is a lot of questioning and certifications involved with their buying procedure.

Many applications get rejected due to which there are a large number of people who look for other options for buying life insurance plans.

Guaranteed acceptance life insurance policy is a gleam of hope for such people.  Anyone can buy these policies despite gender and age.

Earlier the people in the age bracket of 60-80 were only the prospective buyers but these days many people in the age bracket of 40 to 55 also increasingly look forward to this option.

Do not delay your purchase for the right life insurance plan.