Guaranteed Issue Definition

A policy or certificate where the applicant must be accepted for coverage if the applicant is eligible.  Eligibility requirements may include:

• Being within a specified age range
• Being an active member in an eligible group (e. g. group solicitation in direct marketing)

Inclusion in any of the following characteristics or product types disqualifies the policy as GI:

• Actively at work requirement
• Employer groups
• Acceptance based on any health related questions or information
• Waiving of underwriting requirements based on minimum participation thresholds, such as for worksite marketing
• COLI / BOLI
• Credit Life Insurance
• Juvenile-only products (e. g. under age 15)
• Pre-Need