Guaranteed insurability

Guaranteed Insurability Rider (GI)
A rider now offered on most life insurance policies whereby additional insurance may be purchased at specified future times without a medical examination or other evidence of insurability.

guaranteed insurability
additional life insurance that may be purchased without physical examination (1) at stated times; (2) upon the birth of each child; and (3) upon specified policy anniversaries such as every fifth year.

GUARANTEED INSURABILITY - A life and health insurance policy feature that enables the insured to add co...
GUARANTEED INSURANCE CONTRACT - A contract promising a stated nominal interest rate over some specific ...
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Guaranteed Insurability Option - See "future purchase option."
Guaranteed Issue Right - The right to purchase insurance without physical examination; the present and past physical condition of the applicant are not considered.

Guaranteed insurability
Guaranteed insurance contract
Guaranteed Investment (Interest) Certificate - GIC
Guaranteed investment contract
Guaranteed Investment Contract - GIC
Guaranteed Mortgage Certificates
Guaranteed renewable policy insurance ...

A type of bond for which a firm other than the issuer guarantees its interest and principal payments.
Guaranteed insurability ...

See also Adequacy of Coverage; Annual Exclusion; Cash Value Insurance; Contingent Beneficiary; Convertibility; Death Benefit; Experience Rating; Financial Needs Approach; Fixed Premium; Fully Paid Policy; Guaranteed Insurability; Hidden Load; ...

The agreement requires that premiums are paid on time and that the insurer makes no changes except if a premium change is made for an entire class of policyholders. also called guaranteed renewable or conversion privilege or guaranteed insurability.

GUARANTEED INSURABILITY RIDER See option to purchase additional insurance.

guaranteed insurability An insurance policy in which the insurer is required to renew the policy for... Guaranteed Investment Contract Abbreviated as GIC. Debt instrument issued by an insurance firm, generally in...

See also: Compensation, General account, Guaranteed bond, Acquisitions, Mergers