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Final Expense & Guaranteed Issue Life Insurance – No-Exam Options for Ages 50–85

If you’re between ages 50 and 85 and worried about leaving your family with funeral bills, medical expenses, or small debts, you’re not alone. A lot of people in this age range are:

  • Dealing with health issues or past declines

  • Trying to find affordable coverage to handle burial costs

  • Confused by the difference between “final expense,” “burial insurance,” and “guaranteed issue”
     

Through our partners, you can access whole life final expense and graded-benefit guaranteed issue policies specifically designed for ages 50–85, with coverage amounts typically from $5,000 to $40,000 for final expense and $5,000 to $25,000 for guaranteed issue. These plans use no medical exams, have guaranteed level premiums, and are intended to stay in force for life as long as you pay the premiums.

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Disclaimer: This page is for general education only. It is not legal, tax, or financial advice. Coverage, eligibility, and benefits depend on your specific policy, underwriting results, and state availability.

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No Medical Exam Required

We offer 4 different policy types with no medical exam requirement.

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Trusted insurance carrier specializing in life insurance since 1896.

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What Is Final Expense Life Insurance?

Final expense life insurance (often called “burial insurance”) is a small whole life policy designed to cover:

  • Funeral and burial or cremation costs

  • Remaining medical bills and minor debts

  • Small legacies you want to leave to family or a beneficiary
     

Key characteristics (based on the FEGI Final Expense design):

  • Whole life coverage (not term) – designed to last your entire life

  • Issue ages: generally 50–85

  • Coverage amounts: typically $5,000 to $40,000

  • Level premiums for life – the premium is designed not to increase

  • Cash value accumulation

  • No graded period – once the policy is in force, full death benefit is generally available from day one (subject to suicide/contestability clauses)

 

Underwriting is simplified issue: there are health questions and checks of things like prescription and motor vehicle reports, but no medical exam in most cases. Applications go through a streamlined, web-based process and can often be issued either immediately for guaranteed issue or in 24–48 hours for final expense.

What Is Guaranteed Issue Life Insurance?

Guaranteed issue life insurance is a type of whole life coverage designed for people who can’t qualify for simplified-issue final expense because of serious health conditions or a very limited life expectancy.

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For the Guaranteed Issue policy:

  • Issue ages: 50–85

  • Coverage amounts: usually $5,000 to $25,000

  • No medical questions or exams – everyone in the age range is issued

  • Guaranteed level premiums and face amount

  • Graded death benefit:

    • Years 1–3: death from natural causes usually results in a limited benefit, often a return of premiums plus interest

    • Year 4 and beyond: full death benefit for covered causes

 

Guaranteed issue is typically the “back-up plan” for people who are too risky for simplified issue final expense—serious health problems, recent major diagnoses, or very limited life expectancy.

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Final Expense vs Guaranteed Issue – Which One Is Right for You?

At a high level:

  • Choose Final Expense if you can answer “No” to the health questions and aren’t facing a very limited life expectancy. You’ll usually get:

    • More coverage for the premium

    • Immediate full death benefit once the policy is in force

    • Cash value and permanent whole life structure
       

  • Choose Guaranteed Issue if:

    • You’ve been declined elsewhere, or

    • You have serious health issues that make simplified issue unlikely

    • You understand the graded benefit (less protection in the first few years, full coverage later)

Who Typically Buys These Policies?

People often come to final expense or guaranteed issue when they ask questions like:

  • “How do I make sure my kids don’t pay for my funeral?”

  • “Can I get life insurance at 70 with health issues?”

  • “What if I’ve been declined for life insurance before?”

 

Common profiles:

  • Age 50–85, with or without significant savings

  • People with existing term policies expiring who want a small permanent plan to cover final costs

  • Individuals with health issues, hospitalizations, or prior declines who still want something in place for their family

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