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 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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Examples of Guarantee issue in a sentence

  • In force New Business and External Replacement policies, issued as Underwritten, Guarantee Issue and Open Enrollment are eligible for payment of Enhanced Renewal Commission except for business written in the following states, AR, CA, CO, CT, FL, MA, ME, MN, MO, ND, NY, OR, SC, VT, WA, and WV.

  • Evidence of Good Health A Health Questionnaire must be completed for the following: • Coverage amounts higher than the Guarantee Issue Amount ($30,000 for Member and $15,000 for Spouse) Please contact Norvest Financial Services at 0-000-000-0000 Complete and return the enclosed application or enroll online by going to xxxxxxxxxxxxxx.xxx or scan QR Code below: Life Insurance Company of New York of White Plains, New York.

  • The Borrowers jointly and severally undertake with the Bank that they will, on or before the first Bank Guarantee Issue Date, open the Cash Collateral Account.

  • New Business and External Replacement policies, issued as Underwritten, Guarantee Issue and Open Enrollment are eligible for payment of Cash for Apps Commission except for business written in the following states, AR, CA, CO, CT, FL, MA, ME, MN, MO, ND, NY, OR, SC, VT, WA, and WV.

  • Schedule 1 Form of Drawdown Notice and Bank Guarantee Issue Request Part A Form of Drawdown Notice (referred to in clause 2.2) To: Fortis Bank 000 Xxxxxxx Xxx.

  • In the event of a family status change, you and your spouse or domestic partner may enroll for coverage up to the Guarantee Issue Amount without evidence of good health if you or your spouse or domestic partner enroll within 31 days of the change.

  • Chain of Title Report Issue Chain of Title going back 30 years Chain of Title Report Issue Chain of Title going back beyond 30 years Litigation Guarantee Issue litigation guarantee.

  • Guarantee Issue Benefit during the period May 1 to July 31, each year, new members are eligible to apply for one unit of $20,000 term life without a statement of health.

  • Subject to the terms and conditions of this Agreement, the Bank shall issue a Bank Guarantee following receipt by the Bank from the Borrowers of a Bank Guarantee Issue Request not later than 10:00 a.m. on the second Banking Day before the date, which shall be a Banking Day falling within the Availability Period, on which that Bank Guarantee is to be issued.

  • Supplemental Life & AD&D Max Benefit is the lesser of 5 times annual compensation to a maximum of $500,000 units of $10,000 w/ $120,000 Guarantee Issue.


More Definitions of Guarantee issue

Guarantee issue means that health benefits
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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.

  • 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.

  • Guarantee Fee shall have the meaning given to that term in Section 4.1.

  • Guarantees As defined in the preamble hereto.

  • Subsidiary Guaranty means, collectively, the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Collateral Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-2, together with each other Guaranty and Guaranty supplement delivered pursuant to Section 6.12.

  • Guarantee of the Notes means the guarantee of the Notes given by the Guarantor in the Deed of Guarantee;

  • guarantee contract means a contract entered into by a person as guarantor;

  • Guarantee means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning.

  • Guarantee Agreement means this Guarantee Agreement, as modified, amended or supplemented from time to time.

  • Debt bondage means the status or condition of a debtor arising from a pledge by the debtor of his or her personal services or of those of a person under his or her control as a security for debt, if the value of those services as reasonably assessed is not applied

  • Parent Guarantee means the guarantee of payment of the Securities by the Parent Guarantor pursuant to the terms of this Indenture.

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.