There Are Few Guarantee’s In Life – This is One of Them
When enrolling for life insurance you may have seen mention of something called “Guarantee Issue”. It’s worth taking a moment to understand what this means. Guarantee Issue is the amount of life insurance you have access to without having to furnish any proof of good health. Generally our life insurance policies offer some level of Guarantee Issue for employees who are first eligible for these policies. This would generally be a benefits eligible new hire, but someone transferring into the US for the first time, or part of an acquisition could also meet the eligibility criteria. That’s why it’s advantageous to enroll for life insurance when you are first eligible. Employees can enroll into our life insurance policies at any time – but once you are past your initial eligibility period – you will have to complete the Evidence of Insurability forms and possibly undergo a health exam to gain approval for coverage.
Below is a handy chart that explains when you can enroll into our coverages, the level of Guarantee Issue amounts for each policy, and the limits of the benefit overall.
| Benefit | When Can you enroll | Guarantee Issue for New Hires | Guarantee Issue any time after | Benefit Maximum |
| Basic Life | No need to enroll | No Evidence of Insurability Requirement | No Evidence of Insurability Requirement | $1.5M |
| Supplemental Life | Any time | GI – lesser of 3x BAE or $500K up to 31 days after DOH | Evidence of Insurability Requirement short form | $3M combined with Basic |
| AD&D | No need to enroll | No Evidence of Insurability Requirement | No Evidence of Insurability Requirement | $1.5M |
| Supplemental AD&D | Any time | No Evidence of Insurability Requirement | No Evidence of Insurability Requirement | $1M |
| Spousal Life | Any time (requires Supp Life) | GI – $50K | Evidence of Insurability Requirement short form | $100K |
| Child Life | Any time (requires Supp Life) | No Evidence of Insurability Requirement | No Evidence of Insurability Requirement | $10K |
| Group Variable Universal Life | Any time | GI – lesser of 3x BAE or $500K up to 45 days after DOH | Evidence of Insurability Requirement short form | $3M |
| GVUL Spousal Life | Any time (requires Exec Life) | GI – $50K up to 45 days after DOH | Evidence of Insurability Requirement short form | $100K |
| GVUL Child Life | Any time (requires Exec Life) | No Evidence of Insurability Requirement | No Evidence of Insurability Requirement | $10K |
| Long Term Disability | No need to enroll | No Evidence of Insurability Requirement – but Pre-existing medical applies for any condition which was diagnosed within 3 months of enrollment and for which one goes out within the first 12 months.
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n/a | |
| Executive Long Term Disability | New Hire and Special Open Enrollment | No Evidence of Insurability Requirement | Full Evidence of Insurability Requirement | $15K |
| Group Accident | Regular Open Enrollment | No Evidence of Insurability Requirement and No pre-existing exclusion | n/a | n/a |
| Critical Illness | Regular Open Enrollment | No Evidence of Insurability Requirement – pre-existing applies to certain conditions | n/a | n/a |
| Group Legal | Regular Open Enrollment | No Evidence of Insurability Requirement | n/a | n/a |
| Pet Insurance | Any time | No Evidence of Insurability Requirement | n/a | n/a |