Guaranteed Life Insurance costs approximately $100 a month for $25,000 of guaranteed issue whole life insurance for a 55 year old male.

Guaranteed issue life insurance usually is whole life and is graded during the first 2 to 3 years. This means you will not have full coverage until you have been insured by the life insurance policy for at least 2 or 3 years, depending on the terms of the policy.

Some guaranteed life insurance plans will raise prices periodica...