Guarantee issue definition

Guarantee issue means the amount of coverage you can purchase without answering proof of good health questions. Guarantee Issue amounts apply to timely eligible applicants. A timely applicant is one who applies for coverage within 41 days from the date that all eligibility requirements are met. If you decline Voluntary Life coverage, you may be required to provide proof of good health to become insured.
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Guarantee issue means that health benefits coverage must be offered to an individual regardless of the individual’s health status, preexisting condition, or claims history.
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Guarantee issue means that health benefits
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Examples of Guarantee issue in a sentence

  • Guarantee issue for employees is two (2) times annual base salary and for spouse/civil union partner is $50,000.

  • Guarantee issue up to and including $100,000 for supplemental life insurance.

  • A Bank Guarantee issue Request shall be effective on actual receipt by the Bank and, once given, shall be irrevocable.

  • Guarantee issue amount is only applicable during the employee’s initial eligibility.

  • Guarantee issue amount of $110,000 for employee and $25,000 & benefit amt.

  • Issue Date shall mean the Guarantee issue date as indicated in the Guarantee.


More Definitions of Guarantee issue

Guarantee issue means Medicare Supplement policy that is not subject to medical underwriting due to involuntary disenrollment from group health plans, disenrollment from Medicare Advantage plans under certain circumstances and other situations separate from Open Enrollment as specified by state regulation
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Guarantee issue means that health benefits coverage must be of- fered to an individual regardless of the individual’s health status, preexist- ing condition, or claims history.
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Related to Guarantee issue

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

  • U.S. Subsidiary Guarantor means each U.S. Subsidiary which has executed and delivered to the U.S. Administrative Agent the U.S. Subsidiary Guaranty (or a supplement thereto).

  • Guarantee Agency means a state agency or a private nonprofit institution or organization which administers a Guarantee Program within a State or any successors and assignees thereof administering the Guarantee Program which has entered into a Guarantee Agreement with the Trustee on behalf of the Purchaser.

  • Subsidiary Guarantee Agreement means a Subsidiary Guarantee Agreement substantially in the form of Exhibit B, and all supplements thereto made by the Subsidiary Guarantors in favor of the Administrative Agent for the benefit of the Lenders.

  • U.S. Subsidiary Guarantors means (a) each Domestic Subsidiary (other than an Unrestricted Subsidiary) on the Closing Date and (b) each Domestic Subsidiary that becomes a party to the Guarantee after the Closing Date pursuant to Section 9.11.