A guaranteed issue insurance policy has no:

A guaranteed issue insurance policy is designed to provide coverage to applicants without the need for medical underwriting. This means that regardless of the applicant's health status or pre-existing conditions, they cannot be turned down for coverage. This characteristic of guaranteed issue policies is particularly important for individuals who might struggle to obtain insurance due to health concerns.

The absence of medical underwriting ensures that everyone has access to insurance, fostering inclusivity and financial security, especially for those which might otherwise face discrimination in the insurance marketplace. Individuals seeking these policies can feel assured that they will receive coverage without the concern of disqualification based on health issues.

In contrast, options such as payment limits, waiting periods, or deductibles may still be present in guaranteed issue policies, but the lack of medical underwriting is the defining feature that sets them apart.