Issue Types. o Guaranteed Issue (GI) Eligibility: Eligible employees may apply for coverage on a GI basis as long as the GI participation is met and they are actively at work as of their enrollment date, subject to the GI participation requirement. ▪ Required Participation for Guaranteed Issue(GI): 5% of employee participation ▪ Enrollment process equivalent to 70% of employees actively engaged in a response is required. ▪ Guaranteed Issue is subject to meeting the required participation requirement. If not met, employees will be underwritten subject to the amount applied for. GI is for the initial open enrollment period of up to 30 days. GI for new hires in the first year following open enrollment is subject to evaluation of GI being extended for the initial open enrollment. The GI offer will be re-evaluated separately for future enrollments.
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Samples: Lifetime Benefit Term Insurance Group Policy, Lifetime Benefit Term Insurance Group Policy, Lifetime Benefit Term Insurance Group Policy
