Answered

Question 18

A guaranteed issue insurance policy has no:
A. initial premium requirement
B. incontestable period
C. waiting period
D. medical underwriting

Select the appropriate response.



Answer :

Final answer:

A guaranteed issue insurance policy allows individuals to obtain coverage without going through medical underwriting processes.


Explanation:

A guaranteed issue insurance policy is a type of insurance policy that does not require medical underwriting from the applicant. This means that individuals can get the policy without having to undergo a medical exam or disclose their health history. It aims to provide coverage to individuals who may have pre-existing conditions or health issues.


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