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GUARANTEED WHOLE LIFE INSURANCE QUOTE

Guaranteed Coverage Made Simple

No medical exams. No health questions. Just guaranteed protection for your loved ones.

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What Is a Guaranteed Whole Life Insurance Policy?

A guaranteed whole life insurance policy is a type of permanent life insurance that offers guaranteed approval without any medical exams or health questions. In addition, it carries many other built-in guarantees, including a guaranteed death benefit, guaranteed cash value growth, and fixed premiums that never increase. Key benefits include:

Lifelong Protection

Permanent coverage with a guaranteed death benefit as long as premiums are paid1

Guaranteed Approval

No medical exam or health questions required. Coverage is guaranteed for eligible applicants, making it simple and accessible, even for those with health concerns

Guaranteed Cash Value

Accumulates cash value at a guaranteed, fixed rate, creating a reliable source of financial value you can use throughout your life

Fixed Premiums

Premium payments stay the same for the life of the policy, offering predictability and protection against rising insurance costs

Potential Dividends

May be eligible to receive dividends (not guaranteed), which can be used to reduce premiums, grow cash value, or purchase additional coverage2

Access To Cash

Option for policy loans or withdrawals from cash value (these should only be taken in emergency situations if needed)3

Tax Advantages

Cash value grows tax-deferred, and policy loans are generally income-tax-free, offering tax-efficient flexibility
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How a Guaranteed Issue Whole Life Policy Works

Guaranteed whole life insurance is simple and easy to get. You don’t need a medical exam or health questions to apply. Once you're approved, your coverage lasts for life, your premiums stay the same, and your policy builds cash value over time.

  1. Apply Without a Medical Exam: Most people qualify based on age alone, usually between 50 and 80. There are no health questions or medical tests required.
  2. Pay Fixed Premiums: You make regular fixed payments based on your coverage amount, which is typically lower than other policies due to the no-exam approval process.
  3. Policy Costs Are Covered: The insurer automatically uses a portion of your premium to cover the cost of insurance and any administrative expenses.
  4. Cash Value Grows: The remaining premium funds your cash value, which grows at a guaranteed rate over time. If your policy is eligible, it may also earn non-guaranteed dividends, which can be used to increase cash value, reduce premiums, or buy more coverage.
  5. Waiting Period: There is usually a 2-year waiting period. If the insured passes away from natural causes during that time, the policy refunds premiums paid plus interest. After that, the full death benefit is guaranteed. (Full payout may be available earlier for accidental death.)
  6. Guaranteed Death Benefit: When the insured person passes away, the policy pays a guaranteed tax-free benefit to your loved ones.

Want a deeper dive? Read our full guide:  Understanding Guaranteed Issue Whole Life Insurance

Why Choose Western & Southern?

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Financial Strength

High ratings reflect stability you can count on
established 1888

Trusted for Over 135 Years

Helping families protect their future since 1888

Serving Millions Nationwide

Trusted by families across the 50 states

Is Guaranteed Whole Life Insurance Right for You?

Guaranteed whole life insurance offers lifetime coverage, guaranteed cash value, and fixed premiums – with no medical exam or health questions. If you meet basic age and residency requirements, approval is guaranteed, making it a simple and reliable option.

Below are some individuals who might benefit from guaranteed whole life insurance:

Senior couple reviewing expenses

Final Expense Planners

Seniors and others planning ahead to cover funeral or end-of-life costs, with guaranteed approval and no medical exams.
Couple researching guaranteed whole life insurance

Asset Protectors

People who want to preserve their savings or estate assets by using coverage to handle final expenses.
Young woman assisting her mother getting into the house

Medically Challenged Applicants

People with health conditions or complex medical histories who want permanent coverage, without the risk of being denied due to their health.
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Legacy Builders

Individuals who want to leave a meaningful financial gift to children, grandchildren, or charitable organizations, especially when health or age limits other options.
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Late Starters

People buying insurance later in life who face age or health hurdles. This policy offers an accessible path to permanent coverage.

It’s important to remember that guaranteed whole life insurance typically comes with a 2-year waiting period for full death benefits and offers lower coverage amounts than traditional policies. Still, for those who value easy approval, fixed costs, and guaranteed benefits, it can be a practical and meaningful solution.

Not sure if guaranteed whole life is right for you? Compare all types of Whole Life Insurance.

Frequently Asked Questions About Guaranteed Whole Life Insurance

What is guaranteed whole life insurance and how is it different from term?
Guaranteed whole life insurance is permanent coverage with fixed premiums, guaranteed cash value, and a guaranteed death benefit. Term life insurance is temporary, lasting for a set period, and usually has no cash value. Whole life is designed to help protect your loved ones for life. 

Who should consider buying guaranteed whole life insurance?
This type of policy is often chosen by seniors, individuals with health concerns, or anyone who wants lifetime coverage with predictable costs. It’s a simple way to secure protection and leave funds for final expenses, estate planning, or a legacy. 

Who qualifies for guaranteed whole life insurance?
Most people within a specified age range (often 50-80) can qualify. No medical exams or health questions are required, which makes guaranteed issue policies accessible even for those with pre-existing conditions. 

How does the graded period work in a guaranteed issue policy?
Many guaranteed whole life policies include a graded period, usually the first two years. During this time, the policy may pay limited benefits for death from natural causes, with the full death benefit available after the period ends. Accidental deaths are typically covered in full from day one. 

Can I get a guaranteed whole life insurance quote without a medical exam?
Yes. Guaranteed issue quotes do not require a medical exam or health questionnaire. Your premium will be based on your age, gender, and chosen coverage amount. 

What happens if I take a loan or withdrawal from my guaranteed whole life policy?
Loans and withdrawals reduce both the cash value and the death benefit if not repaid. Your policy illustration will show how borrowing affects coverage. Always review options carefully to keep your policy in good standing. 
IMPORTANT DISCLOSURES

1 Guaranteed issue policies often include a graded period before full natural-cause benefits apply.

2 Dividends are not guaranteed and may change at any time. Interest is charged on loans, they may generate an income tax liability, reduce the Account Value and the Death Benefit, and may cause the policy to lapse. Withdrawals may be subject to charges, withdrawals of taxable amounts are subject to ordinary income tax, and, if taken before age 59½, may be subject to a 10% IRS penalty. 2 Any unpaid loans or withdrawals reduce the death benefit.

3 Withdrawing or taking a loan from your policy may reduce its cash value, death benefit, and have tax implications.

Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by, the issuing company. Guarantees are based on the claims-paying ability of the issuer. Products are backed by the full financial strength of the issuing company.

Life insurance policies contain certain exclusions, limitations, reductions of benefits and terms for keeping them in force. Please contact a financial representative for complete details.

Life insurance products are not bank products, are not a deposit, are not insured by the FDIC, nor any other federal entity, have no bank guarantee, and may lose value.