What Is Life Insurance Guaranteed Issue? 
Life insurance that is guaranteed issue means that the person applying for it can not be declined due to life insurance or other risk . However , there are usually strict age guidelines for guaranteed issue life insurance , with the minimum age usually age 40-50 and the maximum age usually under age 80 . Also , the policy is graded during the first one to three years , meaning that it will pay a portion of the death benefit -LRB- or pay back what was paid in plus a little extra -RRB- during those years for death due to natural causes . After the graded period is over , it generally pays 100 % for death by any reason . 