What does the term guarantee issue mean?

Bob Gearhart Jr.
Bob Gearhart Jr.
  • Updated

The term guarantee issue refers to the amount of coverage you can elect without additional medical underwriting and completing what is known as Evidence of Insurability (EOI) or a health questionnaire. Guaranteed Issue applies to Voluntary Life insurance.

Typically, guaranteed-issue coverage is only available once, either during the initial enrollment of the benefits offered by a carrier or to a new hire. Additional underwriting may be required if coverage is waived during this initial period or requested to be increased at a future enrollment. Bedford City School District has the following amounts of Guaranteed Issue during your initial enrollment: $200,000 for the employee, $35,000 for your spouse, $10,000 for children.

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