What Does Guaranteed Issue Mean In Life Insurance? 
Guaranteed issue in life insurance means that you will not be turned down for any reason , regardless of your health condition . Most life insurance policies go through underwriting , which is where the insurance company decides the degree of risk involved with insuring you ... i.e. , are you healthy and expected to live a long life or do you have health concerns that could potentially shorten your life expectancy . With a guaranteed issue policy , typically there is what they call a `` grade in '' period in that the policy will not pay the full face amount for a period of time , typically 2 years but sometimes 3 years . 