Life Insurance Types | Buying Life Insurance | Understanding Life Insurance | Glossary
McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams
Your information is secure.
What kind of life insurance do you need?

Guaranteed Term Life Insurance

The concept of guaranteed term life insurance can encompass a number of policy types, but the phrase most commonly refers to life insurance coverage with guaranteed approval. In other words, all applicants who meet a small set of criteria will have their applications approved for a certain amount of coverage without any medical exams or histories. Policies with guaranteed death benefits or guaranteed rates also fall under the umbrella of guaranteed term insurance. Each of these options is explained in further detail below.

Guaranteed Issue Term Life Insurance

A handful of insurers offer what is called guaranteed issue term life insurance, which allows virtually anyone to qualify for a relatively modest amount of coverage. For instance, some carriers will provide guaranteed term life insurance with a benefit of up to $50,000 without a medical-exam requirement. Of course, these policies usually have some restrictions. Many guaranteed term insurance policies are not available to applicants currently residing in a hospital or long-term care facility, for example.

Guaranteed term life insurance is ideal for anyone who is struggling to get approved for traditional coverage. If the prospect of not having to submit to a medical exam or answer any health-related questions appeals to you, search for free quotes on guaranteed term policies through our site. The quote retrieval option you see at the top of the page will direct you to the carriers that offer the guaranteed coverage you need.

Guaranteed Death Benefit Term Life

With all guaranteed term life insurance policies, the beneficiaries of the insured will be entitled to a guaranteed, tax-free death benefit upon the policyholder's passing. A guaranteed death benefit policy gives you the peace of mind of knowing your loved ones will never receive less than the amount of coverage for which you paid. The issue of uncertain death benefits is more of an issue with whole life insurance than with term, so you can rest assured that your term policy will deliver on the death benefit promised.

Guaranteed Premium Term Life

Lastly, guaranteed term life insurance can also refer to policies that promise a certain rate or premium for a finite period of time. These policies might promise a consistent yearly premium for 10-20 years, for example. This coverage is also known as level term insurance. If you would like the ability to predict your life insurance expenses accurately, request guaranteed term insurance quotes now to see how inexpensive our service partners' rates are.