A guaranteed life insurance policy is one that doesn’t require health screenings as part of the application process. There are numerous options for guaranteed life insurance policies at different coverage amounts, which can be advantageous to those who don’t want the hassle of a medical exam or health screening, but whether or not it’s a cheaper option will depend on your individual rating factors and how much coverage you want. Exploring different carriers and shopping around will give you the best idea of which option will work for your budget.