What's the difference between simplified issue and guaranteed issue life insurance?

Key details about senior life insurance

Guaranteed issue life insurance asks no health questions at all and cannot decline you based on health if you are within the eligible age range, but it usually comes with a smaller maximum coverage amount, a higher premium per dollar of coverage, and a graded death benefit period for natural-cause deaths, typically two to three years.

If you may qualify for simplified issue, it often prices better than guaranteed issue, so it's usually worth checking simplified issue eligibility first before defaulting to guaranteed issue.