Guaranteed Issue Clause Samples
The Guaranteed Issue clause ensures that an insurance provider must offer coverage to eligible applicants without requiring evidence of insurability, such as medical exams or health questionnaires. Typically, this applies during specific enrollment periods or for certain groups, like employees joining a group health plan within a set timeframe after becoming eligible. By mandating coverage regardless of health status, the clause prevents discrimination based on pre-existing conditions and ensures broader access to insurance.
Guaranteed Issue. Commission rates for Guaranteed Issue are the same as for ---------------- fully underwritten cases. SECURITY LIFE offers two Guaranteed Issue programs known as Regular and Select. Guaranteed Issue is available for ages 71 and above by exception only.
Guaranteed Issue. First Year Commission Rate -------------------------- Issue Age Non-Smokers Smokers Regular Guaranteed Issue: 0-40 77% 48% 41-45 77% 43% 46-50 61% 27% 51-55 35% 11% 56-60 17% 4% 61-65 8% 4% 66+ 4% 4% Select Guaranteed Issue: 0-40 82% 65% 41-45 82% 57% 46-50 70% 38% 51-55 52% 15% 56-60 34% 4% 61-65 14% 4% 66+ 4% 4% Guaranteed Issue is available for ages 71 and above by exception only.
Guaranteed Issue. First year commission rates will be reduced for ---------------- Guaranteed Issue for all issue ages. SECURITY LIFE offers two Guaranteed Issue programs known as Regular and Select. The commission levels for each of these programs for first target as described under Commission Structure are shown in the tables below. The commission levels for renewals, ultimate and trail, are the same as the fully underwritten version. Schedule B Form No. 1191 (VUL) & 1197 (VUL) 05/1/95
Guaranteed Issue. The commission target premium has been reduced for Issue Ages 41 and above for males, females and unisex policies. (See current Rates and Values Booklet for more details.)
Guaranteed Issue. The insurance company is obligated to issue life insurance on the proposed insured if the proposed insured answers all application questions. The proposed insured has the right to purchase insurance without a medical exam or consideration of past or future physical conditions.
Guaranteed Issue. (Non-Evidence Period
Guaranteed Issue. Guaranteed Issue for ages 66 and above is available by exception only. Commission rates will be reduced for Guaranteed Issue for all issue ages 41-70 in accordance with the following tables (See current Rates and Values Booklet for more details.): Commissions On For all policies issued in accordance with Premium Payments -------------------------------------------------------------------------------------------------------- Standard Compensation (See Note 2): A B C D E ----------------------------------- ----------------------------------------------------- Guaranteed Issue Age 0-40 47% 4% 37% 4% 2% Age 41-45 45% 4% 35% 4% 2% Age 46-50 42% 4% 32% 4% 2% Age 51-55 38% 4% 28% 4% 2% Age 56-60 32% 4% 22% 4% 2% Age 61-65 20% 4% 10% 4% 2% Age 66-70 0% 4% 0% 4% 2% Affiliate Compensation (See Note 2): A B C D E ---------------------------------- -------------------------------------------------- Guaranteed Issue Age 0-40 47% 2% 32% 2% 2% Age 41-45 45% 2% 30% 2% 2% Age 46-50 42% 2% 27% 2% 2% Age 51-55 38% 2% 23% 2% 2% Age 56-60 32% 2% 17% 2% 2% Age 61-65 20% 2% 5% 2% 2% Age 66-70 0% 2% 0% 2% 2%
Guaranteed Issue. Average Issue age of the group must be 55 or below Category A - Corporate Owned Category B—Corporate Sponsored
Guaranteed Issue. As per Simplified Issue without the underwriting questions, and the participation requirement is 90% which will be maintained at and after issue. Security Equity will reserve the right to refuse the case based on the type of corporation or other reasons.