guaranteed issue
Guaranteed issue refers to the right to purchase life or health insurance regardless of an individual's health, age, gender, or other factors that might predict the use of health services or life span.
guaranteed issue
Guaranteed issue refers to the right to purchase life or health insurance regardless of an individual's health, age, gender, or other factors that might predict the use of health services or life span.
Additional Information
Federal and state regulations require health insurance plans sold to companies with 2 to 50 employees be on a guaranteed issue basis. Some states allow a policy or plan premium to change under their guaranteed issue regulations.
