Is There Guaranteed Acceptance Life Insurance With No Waiting Period?
There is no such thing as an individual life insurance policy with no health questions and no waiting period. Nowhere in the USA does any insurer offer such a policy. If there aren’t health questions, there will be a two-year waiting period.
Group life insurance policies are the only exception to this rule. Some group policies (often offered through your employer) can have no health questions and no waiting period.
Sadly, there are websites and insurance agents who will proclaim the opposite. They make it seem like they can offer you guaranteed life insurance without a waiting period.
Know that they are lying to you because they are so greedy, dishonest, and immoral that they say anything to get money.
How Do Guaranteed Acceptance Life Policies Work?
A guaranteed acceptance life insurance policy has no health or lifestyle questions to qualify. Simply put, your approval is guaranteed.
Because the issuing insurance company knows nothing about the insured’s health, it imposes a waiting period. The waiting period is typically two years (never less than two).
If you die during the waiting period, the insurance company will only refund your payments plus rought 10% interest (on the premiums paid).
Without the waiting period, people on their deathbeds would buy coverage. The insurance company would subsequently have to pay out tens of thousands of dollars after only receiving a few monthly payments.
An insurance company receiving a few hundred dollars in premiums and then paying out $10,000 to $50,000 would be incurring a significant financial loss. It would put them out of business.
How To Get Life Insurance With No Waiting Period
To get a life insurance policy with no waiting period, you must apply with a company where you answer health questions and are subsequently approved.
You don’t have to take a medical exam, but you will have to answer some questions about your health history.
If you’ve had any past health issues, your best chance of obtaining a plan with no waiting period is to work with an independent broker.
Independent brokers, such as Choice Mutual, represent multiple insurance companies on your behalf.
They have the freedom to compare various insurance providers side by side to determine if any of them will approve you for a policy with no waiting period.
If you’ve had difficulty securing coverage without a waiting period, call us at 1-800-644-2926.
We’ve helped thousands of clients get immediate coverage when they thought it was impossible. We’ll help you find the best funeral policy possible.
What About Final Expense/Burial Insurance?
Many folks believe that all senior burial insurance plans have no health questions and no waiting period. Unfortunately, that is false, so let’s set the record straight.
Burial expense insurance is a small whole life policy with very lenient underwriting. There are two basic underwriting options.
- Has health questions: Your eligibility depends on your health history. These plans, if approved, can have immediate coverage with no waiting period.
- No health questions: Your approval is guaranteed, but there is a waiting period. Death during the waiting period will result in a refund of premiums.
Why Do Some Websites Lie About This?
Sadly, many websites proclaim that you can get guaranteed acceptance life insurance with no waiting period. As sure as the sun rises daily, they are 100% lying.
But why would they lie about this?
It’s simple. They want money and will say and do anything to get it. Most insurance websites (not Choice Mutual) generate revenue by displaying ads. When you click on an ad, they get paid a fee.
They don’t care what they have to display on their website to get you to click on an advertisement. They just want you to click on the ads so that they can collect their fee.
Be Aware Of The “Phrasing” Scam
This is one of the most common funeral insurance scams. The phrase “effective date” for insurance has a specific meaning. Sadly, this term is often misused to deliberately deceive clients.
To be clear, an “effective date” for an insurance contract refers to the precise date the policy starts. It is determined based on when you make your first premium payment.
Here’s the most important thing to understand about the effective date.
The effective date of an insurance policy is merely the date that governs when the terms and conditions of your policy start.
So, if you have a policy with a waiting period, the effective date is when the insurance company starts the two-year countdown. If you have a plan without a waiting period, the effective date is when your coverage actually protects you.
Here’s an example to illustrate how this works.
Let’s say you bought a policy with a two-year waiting period, and your first payment was scheduled for July 3, 2025. That means your policy’s effective date would be 07/03/2025.
From July 3, 2025, to July 3, 2027, the insurance company would only refund your premiums plus interest.
A death that occurs on or after 07/04/2025 would result in a total death benefit payout. See how saying the policy was effective on 07/03/2025 didn’t waive the waiting period?
Don’t let a scamming agent mislead you in this way.
What Does “No Exam” Mean?
A no-exam (aka “no medical exam”) life insurance policy is not the same as a no health questions life insurance policy. Those are two very different types of plans.
Any life insurance policy that only says “no exam” still means you have to answer health questions. It just means that you don’t meet with a nurse to give blood and urine as part of the application.
People often see the words “no exam” and think it means no health questions. That is not the case.
Common Health Issues Where You Cannot Avoid A Waiting Period
Truthfully, most health issues are still eligible for coverage with no waiting period. However, some health issues are so high-risk that a waiting period is inevitable.
Below are the most common situations where you cannot qualify for an immediate coverage life insurance policy. There are situations outside of these where a waiting period may apply. These are just the most common circumstances:
- AIDS or HIV
- Alzheimer’s or dementia
- Currently in a hospital, nursing home, long-term care or skilled nursing facility
- Actively have or are being treated for cancer (excluding basal or squamous cell and certain stage 0-1 cancers)
- Hospice care
- Mental incapacity
- Home health care
- Alcohol or drug abuse (or treatment for either) within the last 24 months
- Terminal illness
- Wheelchair usage due to an illness or disease
If you don’t have any of those conditions, getting a life insurance policy without a waiting period is likely possible.
Be sure to consult with an independent agency that represents multiple companies. That way, they can compare each one to identify which ones (if any) will approve you for an immediate coverage plan.
- Nationally licensed life insurance agent with over 15 years of experience
- Personal annual production that puts him in the top .001% out of all life insurance agents in the nation.
Anthony Martin is a nationally licensed insurance expert with over 15 years of experience and has personally served over 10,000 clients with their life insurance needs. He frequently authors entrepreneurial and life insurance content for Forbes, Inc.com, Newsweek, Kiplinger, and Entreprenuer.com. Anthony has been consulted as an expert life insurance source for dozens of high-profile websites such as Forbes, Bankrate, Reuters, Fox Business, CNBC, Investopedia, Insurance.com, Yahoo Finance, and many more.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
Choice Mutual often cites third-party websites to provide context and verification for specific claims made in our work. We only link to authoritative websites that provide accurate information. You can learn more about our editorial standards, which guide our mission of delivering factual and impartial content.
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Group life insurance. https://blog.massmutual.com/insurance/group-life-explainer
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effective date. https://www.law.cornell.edu/cfr/text/38/8.1
