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Does Guaranteed Coverage mean guaranteed to anyone regardless of lack of coverage in the past and immigration status?


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Wiki User
2008-07-30 12:38:35
2008-07-30 12:38:35

It means guaranteed if you meet the "qualifications." m is guaranteed IF you have been denied in the private market, resident - Mr. Mip doesn't ask immigration status, can't be eligible for Medicare, can't be eligible for COBRA, If you're talking about Group Coverage - I've never seen immigration status come up, lack of coverage in the past is not an issue to get coverage. It might be if the new policy has a pre-x clause, as prior coverage counts.

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When purchasing guaranteed life insurance, you should consider whether you want to purchase guaranteed whole life or guaranteed term life. Benefits and coverage never change with guaranteed whole life. Guaranteed term life has lower premium, can be used to pay off high debt and no medical exam is needed. In addition, when purchasing guaranteed life insurance there is a waiting period before you receive full coverage, and you’re covered for a specific time period.

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You should ask what the benefits are, what is covered, the amount of premiums. Typically guaranteed issue coverage has a higher premium than other type of coverage. Also ask if it is a temporary ot permenant coverage.

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Guaranteed issue life insurance is life insurance that is guaranteed acceptance. That means if you apply you are guaranteed to be accepted for life insurance coverage. However, you usually have to be a certain, like 45-75. Also, the amount of coverage is not fully available until 1-2 years after you own the policy - this is called graded benefit life insurance.

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No but...how about 'almost' guaranteed issue coverage? I have plans with as little as one knock-out question and several with just a few disqualifiers. What state do you live in ans what is your issue?

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There is no guarantee of media coverage. It isn't a right, it only occurs when the trial is of interest to the general public.


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