Guarantee Trust Life Review – The Heritage Plan

In this article, we’re reviewing the Heritage Plan from family-owned Guarantee Trust Life Insurance. The Heritage Plan has few qualifying restrictions, making approval a breeze. Plus, you won’t need to take a medical exam. 

Quick Summary

Guarantee Trust Life (GTL) offers this competitive life insurance policy. While the benefits are on the lower end, there is near-instant approval, and qualification is easy. There is no health exam, no Medical Insurance Bureau check, and only 5 qualifying questions. 

Guarantee trust life heritage plan review

Guarantee Trust Life Insurance Review

For over 80 years, Guarantee Trust Life has been family-owned. They have an A+ rating from the Better Business Bureau. A&M Best gives them an A- in financial strength, which is why they are one of our favorite final expense life insurance policies.

Heritage Plan

Now, are we going to dive into their Heritage Plan – how it works and what makes it special. You can also download the brochure with the button below.

The Heritage Plan is a final expense or burial insurance policy. Most people use these policies to pay for funerals and other final expenses.

The available death benefit ranges from $2,500 up to a maximum of $25,000. 

Now here’s the thing about whole life insurance that gives it a little boost over term insurance. It’s doubly helpful to anyone closer to 40 than they are to 90. 

A whole life policy accumulates cash value. As you pay your premiums, part of it gets credited toward a fund you can tap into if you suddenly find yourself short on cash. It’s not an account but think of it more as a no-questions-asked line of credit. 

Rather than paying the outrageous interest rates on a personal loan from a bank or a pay-day loan business, GTL will lend you the money up to your cash value limit – no questions asked. 

And, you never have to pay it back. Although if you choose not to pay it back, GTL will subtract the amount you owe from the death benefit when that time comes. 

GTL has chosen graded benefits on this policy because of the incredibly easy underwriting, as well as one of the highest issue ages available. It allows them to keep the premiums as low as possible, making it one of the more affordable options on the market. 

Benefits in Year 1Premiums Paid + 5%
Benefits in Year 250% of the face amount
Benefits in Year 3+100% of the face amount

It also includes Temporary Accidental Death Benefits. If the insured passes away from an accident and not an illness during the first two years, the total amount goes to the beneficiary. 

Both the premiums and the benefits are guaranteed. Once you take out the policy, the company cannot make changes. Guarantee Trust Life cannot surprise you later on the renewal pricing because you don’t need to renew it. They cannot change the benefits decades later for the same reason. 

In short, your premiums will never increase.

Sample Premiums

Below are some sample monthly premiums to give you an idea of how this policy may affect your budget. GTL determines their rates based on biological sex and current age.

Age 40$9.59$38.34$95.83
Age 60$15.84$63.34$158.33
Age 80$57.09$228.33$570.82

Women’s rates are virtually always lower for every life insurance company. Remember, the Heritage Plan doesn’t involve health classes.

Age 40$7.30$29.17$72.92
Age 60$11.67$46.67$116.67
Age 80$40.21$160.83$402.07

Guarantee Trust Life accepts payments by bank draft (checking or savings account) only. Other payment forms (paper check, credit card, debit card, SS Direct) will not be accepted.


The exam portion of normal life insurance is tedious. There are pages of medical questions, sometimes an hour-long telephone interview where they ask you the same questions as the application. Then, there’s the medical exam which stress packed schedules. 

The Heritage Plan skips all of that. It’s a super simple application with only five questions on it. These are: 

  1. Within the last twenty four (24) months, have you been receiving kidney dialysis, require 24 hour continuous oxygen use (excluding CPAP), have an implicated defibrillator or received or been advised by a member of the medical profession to get an organ transplant?
  2. Within the last twenty four (24) months have you been diagnosed with or treated by a member of the medical profession for Alzheimer’s, dementia or memory loss?
  3. Currently diagnosed as having, or receiving treatment by a member of the medical profession for invasive cancer (excluding Stage A Prostate Cancer, Carcinoma in Situ, and Squamous Cell/Basal Cell Carcinoma)?
  4. Are you currently bedridden, confined to a hospital, nursing home, medical care facility, long term care facility, hospice or been diagnosed with a terminal illness?
  5. Have you been diagnosed by a member of the medical profession as having the Human Immunodeficiency Virus (HIV), ARC or AIDS?

As long as you answer “no” to all five of those questions,  you qualify!

There are no height or weight restrictions, no tests. You only answer five easy questions. There is no Medical Information Bureau check or any other underwriting. They do not pull your DMV records. 

It’s easy. 

Anyone from age 40 to age 90 can get one of these policies. 

Why People Choose Burial Insurance

The average cost of a funeral in the United States ranges between $7,360 and $10,800, depending on which studies you cite. Either way, it’s a ton of money. 

Most people cannot cover a $1,000 emergency. Paying for an unexpected funeral can financially strain a family. 

The biggest reason we often hear is that parents don’t want to burden their adult children. 

Burial insurance has smaller benefits, often just enough to cover the service and burial/cremation. Smaller policies work well because they do not have the higher premiums that come with traditional life insurance. 

That’s also why seniors have an easier time getting this type of insurance. Traditional life insurance provides for the family, should the provider pass on during their working years. 


The Heritage Plan from Guarantee Trust Life offers a fantastic way to get a final expense policy at one of the lowest rates available. They have been a family-owned business for decades with a great financial rating. Their few qualifying questions also make it easy to get coverage.

How Abrams Insurance Solutions Can Help

As a small family-owned agency, we aim to help people build strong financial foundations for their families. We work with over 70 top-rated companies. Our goal is to find the right product to fit each family and protect them at the lowest rates.

If you have any questions, give us a call at 858-703-6178. You can also use the box on this page to request more information or leave your question in the comments below.