Guaranteed life insurance does not require you to submit to a medical exam and has no health questionnaires to deal with, practically guaranteeing acceptance. Other no-exam life insurance options, such as simplified issue life policies, still require that you fill out a health-related questionnaire and don't guarantee acceptance.Guaranteed life insurance does not require you to submit to a medical exam and has no health questionnaires to deal with, practically guaranteeing acceptance. Other no-exam life insurance options, such as simplified issue life policies, still require that you fill out a health-related questionnaire and don't guarantee acceptance.