This video explains the concept of "Guaranteed Issue" in the context of insurance policies, particularly life insurance:

• Guaranteed issue policies eliminate the need for medical exams or health questionnaires, simplifying the process of obtaining coverage.

• These policies are designed to ensure that everyone has access to insurance, regardless of their health status or other discriminating factors.

• While obtaining coverage is guaranteed, policyholders must still pay the premiums associated with their insurance policy.

• An example is a workplace offering a guaranteed issue life insurance benefit, where employees can opt for a $50,000 policy without undergoing health assessments.