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How to Buy Life Insurance Without a 2 Year Waiting Period

Are you looking for a life insurance policy without a 2 year waiting period? If not, you should be! 

You know that policy you heard about on TV? The one that promises easy guaranteed coverage for final expenses with no medical exam?

Well, I’m just gonna say it – don’t buy it.  


It seems like a really great deal, doesn’t it? No medical exam and guaranteed approval? It sounds good to be true…

…AND For what it’s worth, it IS a real offer. But there’s a catch.

Life Insurance without a 2 year waiting period


Think saving money on life insurance is as easy as getting a quick online quote?  Think again!  You need an expert guide.  We know the right companies for every age, health issue, and need.  It's quick and easy!  Get started with a free life insurance quote now!  

If you want a life insurance policy without a 2 year waiting period then final expense is probably not for you! 

Final expense life insurance isn’t inherently bad.

It’s a good option for a lot of people who can’t get coverage anywhere else.

But the thing is, there are three different offers you will get once the insurer asks a few questions about your health.

Immediate Benefit:

This type of policy works the same way as traditional life insurance, and you’re covered from Day 1. You can typically get this sort of offer if you’re in good health.

Graded Benefit:

This is life insurance with a 2 year waiting period. With this type of offer, your loved ones won’t get the full death benefit until the policy has been in force for two years. Instead, if you die in the first 2 years, they may receive only 30% to 40% during the first year, or 60% to 70% of the death benefit if you die during the second year. The full death benefit won't become available until 2 years in force have passed.  

Guaranteed Issue:

This policy type is designed specifically for people who cannot pass the medical exam.   This can include those that are terminally ill, or have other major health problems. However, you must be 50 years old to qualify for most Guaranteed Issue policies. This is another type of graded death benefit policy, in that upon your death, it will not payout the full death benefit until 2 or 3 years in force.   However, if a death occurs in the first 2 years, the carrier will pay back all premiums paid to date, plus interest.  It is not a loss, even if the death occurs during the first 2 years of coverage.


Did you know that: 

Nearly 1.3 million people die in road crashes each year (worldwide), on average 3,287 deaths a day.

Scary but TRUE!

Also, with most of these policies, accidental death is covered because it’s not a product of poor health.

So, what happens if your family really needs the full benefit and you die before your two-year period is up?

...they either get a small portion or just the premiums back.


The drawbacks of graded benefit and guaranteed issue life insurance:

First of all, you’re gambling with your life if you obtain a graded benefit or guaranteed issue policy.

Dealing with a life insurance policy with a 2 year waiting period is a major drawback, but it’s not the only one.

For example, these offers tend to have minimal face values.

…we’re talking policies which, at the high end, can cover you for $100,000 – but in most cases, they offer less – usually only $25,000 or $50,000 in protection.

That may be fine with you. But if one of your goals is to provide income replacement, you’re probably out of luck.

Life Insurance Without a 2 Year Waiting Period Gambling

Not to mention the fact that they are COSTLY!

Secondly, these policies can be extremely expensive for the amount of coverage you get in return.

You’d think that companies that offer life insurance policies with a 2  year waiting period would have mitigated their risk, but they reach further into your pocket. 

...which means they’re going to charge you a higher amount for your premiums to boot! 

For example, here are some sample quotes from Gerber Life, one of the better insurance companies for final expense insurance:



A.M. Best Rating





Pacific Life









Mutual of Omaha



Mass Mutual



New York Life



Northwestern Mutual




At Huntley Wealth, we specialize in helping individuals with high risk medical issues.  You name it, and we've seen it.  We'll help you get approved quickly at a rate you can afford.  Get started with a free life insurance quote now!  

So what if this same client opted for term?

In contrast, a 60-year-old male with the fourth best health class rating could get $25,000 of 10-year term life insurance coverage for as little as $35 per month.

…that’s a huge difference!

Now, of COURSE, this depends on your personal health considerations, but that’s exactly why you need to speak with an independent life insurance agent, such as those at Huntley Wealth. 

There are no obligations and you will be shocked to hear what sort of conditions we have been able to cover with a traditional policy. 

Sadly, too many people overestimate the impact of their medical issues. Speaking to someone who understands underwriting is a fantastic tool for getting the cost of your premiums down. 

What if term isn't for you because you want to be covered for life?

The savings sounds GREAT but I have to be honest - I'm really leaning toward permanent insurance. I want coverage 'til the day I die. 

I hear 'ya! That's true for a lot of my more mature clients. 

Over the past few decades, the average person’s lifespan has risen almost everywhere in the world. In China, the US and most of Eastern Europe, the average life expectancy at birth has reached the late 70s, according to the Organisation for Economic Cooperation and Development, or OECD. People in Western Europe and Japan, meanwhile, can expect to live into their early 80s. The rich are banking on living to 100, The Sydney Morning Herald 

In that case, there’s another option – which I really like. 

Guaranteed Universal Life is a form of permanent insurance that doesn’t come with the extra cash value benefits of whole and traditional universal life.

In fact, it’s kind of a term-permanent hybrid.

As a result, the rates are much cheaper than other forms of permanent insurance, and you’re guaranteed coverage for as long as you live.

Hey, there’s no guarantee you’ll be approved, but you should definitely find out before you opt for that pricy life insurance policy with a 2 year waiting period!

Remember the best way to save money on life insurance is to look at ALL your options.

How can I get life insurance without a 2 year waiting period?

For what it’s worth, getting a policy with a 2 year waiting period isn’t terrible for everyone.

If you have a terminal illness, for example, it might be the only option you have.

…but don’t just assume that’s the case.

A lot of people who apply for a life insurance policy with a 2 year waiting period can probably get approved for a policy that offers death benefit coverage on Day 1.

This is why it’s so important that you work with an independent life insurance agent like Huntley Wealth.



Think saving money on life insurance is as easy as getting a quick online quote?  Think again!  You need an expert guide.  We know the right companies for every age, health issue, and need.  It's quick and easy!  Get started with a free life insurance quote now!  

An independent agent Is key to finding a life insurance policy without a 2 year waiting period....

Not only can an independent agent give you more options than what you see on TV, but they can also help you find the insurance company that’s most lenient with your particular health issues.

If you opt for a life insurance policy without a 2 year waiting period, you’ll also get more flexibility in choosing your term. For example, final expense life insurance policies, including life insurance policies with two-year waiting periods, are a form of permanent insurance.

…but this approach may not be your ONLY option if you are looking for lifetime coverage. You should really consider whether or not guaranteed Univeral Life Insurance fits the bill.

AND there are those of you that don’t require lifetime coverage at all. Well, a good independent agent can help you weigh your term options based on your needs.

Let Huntley Wealth do the legwork for you. Life insurance isn’t straightforward and there are a lot of moving parts. 

So, regardless of what policy is best for you, call Huntley Wealth today at 877-443-9467, and we’ll take the hassle out of the equation.

Remember the REAL superheroes in life are those that PLAN for the needs of their family. Don’t forget to bulletproof your finances your loved ones will appreciate it. 

parents need life insurance over age 50
*While we make every effort to keep our site updated, please be aware that "timely" information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.

All Comments

  1. SYLVIA CRUZ on September 7, 2018, 7:13 am

    I AM 69 year old Senior…I need final expense life insurance immediately with NO 2yr Wait Period.. do you carry this product

    • Chris Huntley on October 31, 2018, 2:50 pm

      Hello Sylvia,
      Thank you for your comment. We have several plans at age 69 without a waiting period, but you would need to be able to qualify. Call us to see if you qualify at 877-443-9467. Thanks!

  2. WILLIAM WILLIAMS on September 21, 2018, 7:34 am

    was just dx with cancer I need a life insurance to cover me from day one with no waiting period can you please help

    • Chris Huntley on October 31, 2018, 2:40 pm

      Hello William,
      I’m sorry to hear about your predicament. With a recent cancer dx, I’m afraid all we would be able to help you buy (with coverage from day 1) is an accidental policy, meaning it only pays out if death is due to accidental means. We also have guaranteed issue policies at most ages, which cover you day 1, but not typically with 100% of the death benefit. Call us for details at 877-443-9467. Good luck.

  3. K. Mar on November 2, 2018, 3:06 pm


    I have a family member who was diagnosed with cancer, treated, and cleared. However, the cancer has since returned and has metastasized to other parts of the body. Could she qualify for anything with a day 1 death benefit?

    • Chris Huntley on December 18, 2018, 8:17 am

      Hello K, I’m very sorry about this situation. Very likely not with the cancer coming back. Depending on your family member’s age, he/she will most likely only be able to qualify for a graded death benefit policy, which we discuss in the article above. If that cancer goes back into remission for 1 year, we may have more options. Good luck.

  4. Dominic Waugh on November 29, 2018, 4:01 am

    My name is Dominique and I’m looking for life insurance for my family. We are a young biracial couple with 4 children and i’m just trying to make sure everything is in order or place if the worst happens. I lost my mother in 2014 and I feel like I’m just now starting to get my own life back on track. When she passed I found out that she had not made arrangements, and that alone has made everything hard. From the identifying of her body, to the funeral, the house, the bills, and everything else It broke me and I just can’t bare to think of the same thing happening to me with my husband or to my children. Being that our children are still young we know who will be an aid if emotionally we can’t be there but I want to make sure that financially we have what we need in case we have to take a few years to get ourselves back together after the lose of each other. I want to make sure that home is paid and college is taken care of with extra set aside for utilities so that we don’t have to worry.

    • Chris Huntley on December 17, 2018, 12:57 pm

      Hello Dominic, I really appreciate your comments, as you’re advocating for actual reason EVERYONE in your situation needs some life insurance. Please give us a call and we’ll be sure to help you find the best deal and the right amount.

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