Can I get life insurance with no health questions and no underwriting (guaranteed acceptance)?

Yes. Guaranteed issue life insurance requires no medical exam and no health questions, and you cannot be turned down for medical reasons. Coverage is small, typically $25,000 to $50,000 or less, and premiums are higher than on medically underwritten policies. Most guaranteed issue policies carry a graded death benefit: if death occurs in the first two to three years, beneficiaries may receive only a percentage of premiums paid, such as 110%, rather than the full face amount.