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 periodically, for instance, every 5 years.

Other guaranteed issue life insurance plans may keep the same rate for the life of the policy.

Guaranteed issue life insurance plans cost more than 

regular, fully underwritten life insurance because they may accept some people who may not qualify for life insurance otherwise.

However, with guaranteed life insurance there is no medical examination required, and you can apply online for your life insurance coverage today.

Here's how you can get a guaranteed life insurance quote online and find out how much your life insurance may cost.