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.
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.
Guarantee issue means that health benefits
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
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.