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In this article, we’re going to dwell upon guaranteed acceptance life insurance for age 45 that is known to be suitable for all applicants whatever their pre-existing condition is.

Many people know how important it is to get life insurance coverage. It is a great way to ensure that your loved ones do not inherit your financial hardships after the event of your death. Those who are looking for coverage with pre-existing conditions might find it difficult to get one.

In fact, they might have serious health problems, making it hard to secure traditional life insurance coverage.

What Does Guaranteed Life Insurance Mean?

As the name suggests, there are some life insurance policies guaranteed to be accepted with no chance of denial. That is, no matter how good your health is, your application cannot be turned down.

However, guaranteed policies provide low death benefits and charge high premium payments.

The reason it is expensive is that it does not involve any medical exams or questions that you don’t necessarily need to be in perfect health. Your application is usually accepted shortly after you submit it to the insurance company.

So, because you don’t need to qualify, premiums will be higher than those of a normal individual applying for the same coverage that depends on medical underwriting.

Is It Possible to Get Guaranteed Acceptance Life Insurance at Age 45?

Like all insurance policies, guaranteed coverage has its own requirements, one of which is the applicant’s age.

Purchasing a guaranteed policy under the age of 50 is, in fact, a bit difficult. Most guaranteed policies are available for those between 50 and 80 of age because young people are less likely to have health problems.

However, depending on the demand, insurers are providing options of guaranteed coverage for 45-year-olds with somewhat affordable rates.

Here, we have prepared a table containing some sample quotes.

It lists the monthly rates for guaranteed coverage for 45-year-old men and women.


Note: The mentioned rates for just as a sample. It may change from insurer to insurer and person to person.

It’s worth mentioning that although guaranteed life insurance is available without any health questions, it comes with a feature known as a graded death benefit.

Graded death benefit means that if the policyholder passes away within a specific period of time, their beneficiary/s will not be able to get the whole amount of the death benefit. This period usually ranges from 2 to 3 years and is sometimes called the waiting period.

We also have a post on guaranteed acceptance life insurance for age 40 years olds, don’t forget to check that.

Guaranteed Whole vs. Term Life Insurance

Life insurance can sometimes be confusing.

What is term life insurance? And what is whole life insurance?

It’s sometimes confusing which one to choose to financially secure your loved ones after you die. To make it easier for you, here is a brief overview of these two life insurance types.

Guaranteed Term Life Insurance

In order to understand what guaranteed term life insurance is, let’s shed light on its features.

  • It only provides a death benefit.
  • Beneficiaries receive the death benefit only if the policyholder dies while the policy’s term remains in effect.
  • It’s the most affordable policy you can purchase.
  • As its name suggests, it’s bought for a certain period of time, such as 10, 20, or 30 years.
  • The more the policyholder gets older, the more expensive it becomes.
  • If the policyholder wishes to extend their coverage beyond the length of the term, they must renew the term.
  • It can be considered as a temporary coverage with a long-lasting policy.
  • It can be converted to a whole life policy.

Guaranteed Whole Life Insurance

Let’s now underline the other side of the comparison in order to understand the whole picture. The features of this type of policy include:

  • It provides coverage for life.
  • Not only does it provide death benefits, but also it offers cash value that accumulates during the lifespan of the policy.
  • Applicants must do health exams before admission.
  • It can be bought by skipping the medical exam but at a very high cost.
  • It takes from 12 to 15 years to accumulate cash value.
  • It can be a great choice for estate investors.
  • The cash value is dependent on the return you get from the investment.
  • Part of the cash value can be withdrawn during the policy’s lifespan.
  • Its premiums are more expensive than term coverage. However, it can save your money over the policy’s lifespan.

For 45-year-olds, many experts recommend applying for a term policy with the option to change it into a whole policy, or modified whole life in the future, so that if they need to switch to a policy that builds up cash, they can upgrade it easily.

Maximum Coverage Amount

When you purchase a guaranteed life insurance policy, you do not need to answer any health questions or pass medical examinations. You are only given the chance to choose the coverage amount you need and accordingly answer a few simple questions about yourself.

And as long as you fall within the policy’s enrolment age, say 45, we guarantee that your application will be accepted. The only reason your application is turned down is because of your age.

Guaranteed life insurance policies usually cost more than other types do. And in return, they pay less to the beneficiaries when the policyholder passes away.

In fact, death benefits (the coverage amount) do not exceed $50,000 for deaths caused naturally, and $250,000 for deaths caused accidentally.

It’s worth mentioning that guaranteed policies remain in effect as long as you pay your premiums until the event of your demise.

Is There Any Waiting Period?

An important part of this policy is the waiting period. It is the period that the policyholder should wait before their full benefits are available. This period typically ranges from 2 to 4 years.

The waiting period is necessary because it helps keep individuals who are terminally patient and will pass away shortly from buying the policy. That is, if the policyholder passes away during their waiting period, the benefits will be the premiums they have paid.

There is a no-waiting-period option of this policy in which the full benefits are available as soon as the first payment is made. Logically, it’s much more expensive than the one that involves a waiting period. Yet, for many people, with the additional expense it includes, it can be worth the price.

It’s worth mentioning that, for the insurance companies that do not require any waiting period; they require a convincing reason before granting the coverage. This may require some negotiations during the application and interview.

How to Get the Policy without a Waiting Period?

Normally, the first 2 years that follow the activation of a guaranteed policy is deemed a waiting period. Some people wish to purchase one without the need to wait for that period to end.

We don’t suggest skipping the waiting period because that will not be an affordable choice.

But, who said there is no policy without a waiting period?

Obtaining a policy without a waiting period is no longer a difficult thing. But you need to pay higher premiums than when purchasing a policy with a waiting period.

The thing is the guaranteed issue policy is designed for those who can’t pass medical examinations.

However, they should wait until the waiting period ends. But in case they wish to get the policy without a waiting period, as stated earlier, they need to pay additional costs.

Simplified Life Insurance [Great Alternative]

With this policy type, applicants answer a few questions about their overall health but aren’t required to do any medical exams. It’s designed for applicants who want to have an immediate effect on their life insurance policies and for those who are against doing medical exams for some reason.

For example, if you are diagnosed with anemia, you can apply for a simplified or guaranteed policy. In most cases, your application is accepted.

There are some questions you will be asked by the underwriter when you apply for this policy.

These questions include:

  • Are you a smoker?
  • Are you residing in a hospital or in a nursing home?
  • Do you suffer from HIV or AIDS?
  • Have you declared yourself a terminally ill patient?

Similar to any other policies in the world, this policy has its own pros and cons.

The Pros include:

  • You don’t need to do any medical exam; only some confirmation questions.
  • It’s deemed cheaper than guaranteed life insurance policies.
  • You receive coverage typically after a few days of applying.
  • Easy coverage without any waiting period.

The Cons Include:

  • It involves high premiums compared to other policies.

Simplified life insurance is usually a great option for people who are 45 years old and who may be suffering from health problems that hinder them from obtaining a policy by the normal underwriting process.

It’s also great for people who have busy schedules and may accordingly not be able to do medical exams.

Is Guaranteed Life Insurance at 45 Worth It?

If guaranteed life insurance is the only option available for you, it’s in fact worth taking its pros and cons into consideration. Here are the benefits of this policy type.

Here are the pros:

  • Your coverage is guaranteed: your application is accepted no matter how your overall health is. The only reason your application is turned down is your age. But, if you’re 45 of age, rest assured; yours won’t be declined.
  • It doesn’t involve medical exams: your application won’t require any medical exams.
  • Fixed premium payments: you will not be required to pay as your policy ages.
  • It builds value over time: in the long run, your cash value will grow.

Here are the cons:

  •   It involves high premium payments: compared to other policy types, you will pay more.
  •   Limited: not all insurers offer it.
  •   Low death benefit: it provides enough funds to cover the expenses of your funeral.

How to Apply for Guaranteed Issue Policy at Age 45?

Unlike the majority of life insurance policies, a guaranteed life insurance policy must be bought directly from the insurer that offers it. If the agent works for the insurer that offers the policy, they can’t, in this case, bind you a policy.

Your policy will be based on and determined according to 3 variables: age, gender, and home state.

As soon as you are quoted a policy, you are given the option to purchase. This can be done online or through one of the agents of the company.

Wondering where to get one?

We offer a free quote comparison option, and you can find the best insurance companies offering guaranteed policies on our website.


Life insurance coverage should be a significant part of your financial life and loved ones’ future. Guaranteed life insurance coverage can help you in case you are not eligible for other policies.

But take your choices carefully into consideration; guaranteed coverage offers a limited death benefit and charges high premiums.